Many not-for-profits are still suffering financially from the pandemic, particularly as inflation makes expenses more costly. Before you consider cutting staff, find other expenses to slash. For example, if employees now work from home, see if you can break or renegotiate your office lease. And if you have more than one location, try to combine
not-for-profit Archives - Crawford Ellenbogen
Jun 30, 2022
Mar 8, 2022
Your nonprofit’s board needs to know these financial warning signs
- By Joan Ellenbogen
- Non-Profit
- 0 Comments
Is your board staring at financial red flags without knowing it? Although some warning signs — such as those experienced when the pandemic first hit — are obvious, others are easy to overlook. Here are several signs of trouble that board members need to be aware of and prepared to act on. Unexplained variances and
Nov 23, 2021
When nonprofits should return donations
- By Victor Dozzi
- Charity, Non-Profit
- 0 Comments
Return requests generally are rare, but occasionally donors may ask your not-for-profit to return their contribution. Are you required to comply? What if you’ve already spent the money? There’s no federal law that requires nonprofits to return donations. Individual states have enacted various laws that could come into play, but these generally are vague about
Jul 7, 2021
Collective impact projects find strength in numbers
- By Joan Ellenbogen
- Non-Profit
- 0 Comments
As not-for-profits increasingly take on big issues, some are turning to “collective impact.” This cross-sector approach involves nonprofits, government, businesses and communities working together to solve a specific problem. Collective impact adherents often cite several requirements for success: a common vision, a shared measurement system, mutually reinforcing activities, continuous communication and a separate support organization.
Jun 15, 2021
Is a merger in your nonprofit’s post-pandemic plans?
- By Joan Ellenbogen
- Non-Profit
- 0 Comments
As the pandemic finally seems to be fading, your not-for-profit may be making plans for its post-pandemic future. If those plans include a merger, know that it can provide your organization with greater stability. There are good reasons to merge, such as to enjoy economies of scale, gain access to a new audience or reduce
Jun 10, 2021
Making the decision to hire new nonprofit staffers
- By Victor Dozzi
- Non-Profit
- 0 Comments
Many Americans remain unemployed due to the COVID-19 pandemic — at least 9.8 million at the end of April, according to the U.S. Bureau of Labor Statistics. But that’s expected to change quickly as employers ramp up hiring activities. If your not-for-profit will soon need new staffers, you might want to start putting out feelers now.
May 11, 2021
Minimize the need to make year-end financial adjustments
- By Joan Ellenbogen
- Non-Profit
- 0 Comments
If your not-for-profit periodically prepares internal financial statements for your board, you may have noticed that your auditors propose adjustments to these interim statements at year end. Why do auditors do this? Generally, it reflects differences due to cash basis vs. accrual basis financial statements. But you can help minimize the need for such adjustments.
Jan 6, 2021
How to keep your nonprofit’s members in the fold
- By Victor Dozzi
- Non-Profit
- 0 Comments
During this time of economic and occupational insecurity, some charities and associations are experiencing membership non-renewals. How can you do a better job of retaining members and attracting new ones? First, make sure you know what members need (such as education and networking opportunities) by conducting surveys, focus groups and online polls. Also make sure
Dec 5, 2019
New restructuring rules may reduce a nonprofit’s filing burden
- By Ellenbogen
- Non-Profit
- 0 Comments