Why nonprofits need continuity plans
Most not-for-profits are intensely focused on present needs — not the possibility that disaster will strike sometime in the distant future. Yet it’s critical that all organizations have a formal continuity plan to guide them should a natural or manmade [...]
10 months ago / Comments Off on Why nonprofits need continuity plans
Should your nonprofit outsource HR management?
If your not-for-profit has too much work and not enough staff to go around, consider outsourcing your human resources function. It could give your internal team more time to spend on other core duties, mission-driven programs and strategic plans. Benefits [...]
11 months ago / Comments Off on Should your nonprofit outsource HR management?
Make sure your nonprofit’s bylaws are on point
Bylaws are the rules and principles that define your not-for-profit’s governing structure. Your board and staff need to be familiar with exactly what the bylaws contain — and what they don’t. If they’re incomplete or don’t reflect the organization’s current [...]
11 months ago / Comments Off on Make sure your nonprofit’s bylaws are on point
What your nonprofit can learn from for-profit businesses
If your not-for-profit is “stuck” and you’re not sure how to move forward, consider adopting some for-profit business practices. The essential missions of businesses and nonprofits are different, but the ways to achieve them often are the same. Make a [...]
Whistleblower policies protect nonprofit staffers — and their employers
Individuals who report illegal or unethical practices may risk their careers, or take other kinds of risks, when they do. Whistleblower policies help protect them. No federal law specifically requires not-for-profits to have such policies in place, but several state [...]
How to write a nonprofit annual report they’ll want to read
Everyone from major donors to grantmakers, charity watchdog groups to the government, will read your not-for-profit’s annual report and use it to make important decisions affecting your organization. So you need to make sure it’s professional, substantive and accurate — [...]
How to find an investment manager for your nonprofit’s portfolio
Say that your not-for-profit’s investment portfolio has recently grown in size and complexity due to a new endowment. Yet your staff doesn’t have the time or expertise to wisely invest and monitor these funds. This is probably the time to [...]
How nonprofits can treat “Founder’s Syndrome”
Of the many afflictions that can impede a not-for-profit’s growth, one of the more deadly is “Founder’s Syndrome.” This occurs when a single individual — typically the founder, executive director or other long-term leader — wields a disproportionate amount of [...]
Your company’s balance sheet makes great reading this time of year
Year end is just about here. You know what that means, right? It’s a great time to settle in by a roaring fire and catch up on reading … your company’s financial statements. One chapter worth a careful perusal is [...]
Is your nonprofit’s employee manual as comprehensive as it should be?
To reduce liability and protect employees, all not-for-profits need a comprehensive, up-to-date employee manual. Some of the most commonly missed — but essential — policies include: Paycheck deductions. Specify that deductions from an employee’s paycheck (other than taxes and Social [...]