The Good and Bad of Fiscal Sponsorship

Fiscal sponsorship, at its core, is when a nonprofit organization extends its tax-exempt status to select groups engaged in activities related to the organization’s mission. Most often, fiscal sponsorship is used by organizations, individuals, or collaborations who are doing charitable work but who want an alternative to becoming a 501(c)(3) organization with the IRS. InContinue reading “The Good and Bad of Fiscal Sponsorship”

Grant Management Essentials

Grants are essential to nonprofit sustainability and can often impact an organization’s overall growth . But what does a nonprofit do once they get awarded the grant they so desperately need to keep their program running? Getting a grant awarded is great but there is more work to be done after the grant is won.Continue reading “Grant Management Essentials”

Embracing Technology as a Nonprofit

Technology, AI, and advanced machine learning is growing and becoming a fixed part of our society. Futurists and other experts are predicting a massive shift in the way we do work and business operations, from doctors to accountants. TechSoup and the Nonprofit Technology Enterprise Network, known as NTEN, regularly publish studies that highlight the gapContinue reading “Embracing Technology as a Nonprofit”

What’s a Strategic Plan?

Navigating and learning the ins and outs of nonprofits can be overwhelming to a newbie. Even if you’ve worked in the sector, fund and leadership development will need to be reexamined on a regular basis. Strong business and overall organizational development skills are needed for leaders in the journey of the nonprofit sector, both largeContinue reading “What’s a Strategic Plan?”

How to Make Board Meetings Work

Running board meetings on a monthly basis can be at times overwhelming. However, it is a necessary and much-needed routine meeting that has to occur. Meetings, in general, can be full of pitfalls and nonproductive efforts that may lead to frustrated board members. Creating a Meeting Strategy is one way to get your board onContinue reading “How to Make Board Meetings Work”

The Importance of Building Relationships with Funders

A nonprofit organization is like any other business in that it must stay financially afloat to succeed and prosper. Nonprofit organizations are often advised to diversify their funding and make sure that it is coming from a myriad of sources like membership fees, the sale of goods and services, and donations. More often than not,Continue reading “The Importance of Building Relationships with Funders”

How Nonprofits Can Create Economic Impact

Nonprofits make the world a better place and are vital parts of our communities. According to the National Center for Charitable Statistics, there are 1.5 million nonprofits registered in the United States. This means that a lot of work is being done and a lot of money is being generated by public charities and privateContinue reading “How Nonprofits Can Create Economic Impact”