Budgeting to make Progress

Understanding budgets are a part of nonprofit work some nonprofit leaders never grow to like but are necessary for developing and growing a nonprofit. Budgets are a part of your nonprofit story and paint of picture how your nonprofit is operating and how well your nonprofit stewards its finances. All nonprofits are unique, therefore yourContinue reading “Budgeting to make Progress”

What’s a Capital Campaign?

The best thing a nonprofit can do is bring in diversified capital and donations. At the core, a capital campaign is a drawn-out extensive fundraiser. On a complex level, a capital campaign is a concerted effort to raise a substantial amount of money for a specific program in a specific time frame. They require supportContinue reading “What’s a Capital Campaign?”

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”

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”

The Impact of Change Management

Businesses must constantly evolve and adapt to meet a variety of challenges—from changes in technology to the rise of new competitors to a shift in laws, regulations, or underlying economic trends. Failure to do so could lead to stagnation or, worse, failure. Approximately 50 percent of all organizational change initiatives are ineffective, highlighting why gettingContinue reading “The Impact of Change Management”

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?”