Money in the bank isn’t the only indicator of financial success for a nonprofit organization. In fact, when there is money in the bank, nonprofits often overlook financial best practices that add security and longevity to their mission. Here are some often overlooked nonprofit financial best practices: 1. Build Credit for Your Nonprofit Building credit may seem unnecessary in the formative years of your organization. However, nearly all businesses require it at some point to […]

Updated January 29, 2022 Consider this—7 out of every 10 donors only donate once. Not enough to shock you? Let’s add to the mix that 77% of donors leave due to a lack of communication. A donor database trumps a post-it note or spreadsheet any day of the week, but what one is right for your nonprofit? With the right donor management tool to fit your organization’s needs, you have a better shot at communicating […]

How a Nonprofit Organization Annual Report should Show, not Tell. Back in the day, a nonprofit organization annual report was a full-team effort comprised of selecting stock images, stories, paper, and binding. ED’s and advancement professionals balanced the decision of developing an impressive report with not looking like they spent too much. The end result was a 20+page volume that only the unlucky staff member assigned to editing actually read. Thank goodness, things have changed! […]

With all the demands of running an organization, executive directors often let their nonprofit financial management go by the wayside. The focus tends to be on the mission, fundraising, education, and other day-to-day management responsibilities, which are all important. Setting aside financial management, however, is a big mistake. This is especially the case when it comes to maintaining the health of your organization. Any successful nonprofit must be run like a successful for-profit, and that […]