If you’re a Type A person who likes to have a place for everything and have everything in its place, you’re happy to attend a well-organized meeting. If you’re a Type B person who has a place for almost everything…
Even if you’ve never written a board report before, it’s easy enough to learn how to do it. If you need some assistance in understanding how to write reports, ask for a copy of a report that was submitted in the past and use it as a template. You don’t have to write the report…
Thousands of great ideas never come to fruition because business owners and founders of nonprofit organizations aren’t familiar with the startup business grant process. They simply don’t have the seed money to get a business or organization off the ground.…
Managing a budget for a nonprofit organization is much like planning a household budget, except that there are generally more sources of income and more categories of expenses. In both cases, a sound budget is important for financial sustainability and provides a…
Nonprofits tend to follow many of the same governance practices as for-profit corporations. That makes perfect sense since nonprofit boards have just as much responsibility and liability as corporate boards. There’s been a heavier focus in the investment world on…
Fundraising ideas for a nonprofit organization can be difficult during any season. After COVID struck, your board and others like it were forced to face the possibility of a drop in donations due to lockdowns and quarantines. Public fundraisers with…
As your board completes all the requirements for becoming a 501(c)(3), no doubt you’re eager to get started doing good work for your community. Take caution though, until you have your tax-exempt determination letter in hand, some of the work…
Grants are valuable sources of funding for nonprofits. Fortunately, there are lots of grants available if you have the time to look for them. However, they’re not always easy to get because competition for them is generally pretty strong. One…
Setting up a nonprofit organization is an exciting venture. There are many bases to cover and many things to take care of, especially in the beginning. There are only a few costs associated with getting a nonprofit up and running.…
Once your organization receives its notice of 501(c)(3), it gains specific tax advantages. Having said that, your nonprofit doesn’t get to keep its tax-exempt status forever. Regardless of what services your nonprofit provides, it has to continually meet the guidelines…
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