Amid the uncertainty of 2020 and into 2021, leaders in all industries are taking a close look at their revenues, costs, and cash flow. These considerations are important and sometimes urgent, especially in the past year or so. One approach is to focus primarily on cash flow. A cash flow focus alone won’t always [...]
As we navigate this time of worldwide economic uncertainty, saying these times are “challenging” in the nonprofit world is understating the reality. While the ongoing COVID-19 crisis has affected organizations in different ways, nearly every nonprofit is concerned with maintaining donor engagement and achieving fundraising results. Many institutional donors have stepped up with accelerated distributions [...]
Everyone is learning and adjusting during this COVID-19 pandemic because every day is different, requiring us to live, work, and play in ways we had not before. As the world feels the economic challenges of the COVID-19 crisis, there are new challenges that are arising for nonprofit organizations, especially with maintaining donor involvement. While this [...]
Fake Dictionary, definition of the word sponsor. Event programs are a great way for nonprofits to share their story and give details about their event. They’re also a great way for nonprofits to bring in additional revenue. We’ve all seen sponsor information included in event programs, but have you ever questioned whether that [...]
Amanda Lane, CPA, provides this week's session of Performance Measurement video series on the topic of Donation Dollar Growth
We provide the first in our Performance Measurement Video Series. This week's episode is on the metric: Funds Available for Temporarily Restricted Net Assets.
Where to start? It’s true, all organizations, no matter the type, have one thing in common: they must manage their sources of revenue to survive. With government cut-backs and tax reform, it’s important to understand what steps can be taken to continue to seek out new sources and manage the sources you have. Without revenue, [...]
Amanda Lane, CPA provides the Top 10 Best Practices for Nonprofit Organizations.
The recently approved tax reform has many implications for American taxpayers, including those who are charitably inclined. Previous tax law provided a deduction to those who donated to charity while also being able to itemize his or her deductions. Although the overhaul to the tax law did not directly change the deduction for donating to [...]
“Measure what is measurable and make measurable what is not so.” Galileo “If you can’t measure it, you can’t improve it.” Peter Envision the management team of a local nonprofit sitting down for their monthly meeting. The conversation goes something like this: Executive Director – “How did we do this month? What are the [...]
