Nonprofit Compensation: How to Compete with the For-Profit Sector In this enlightening episode of Nonprofit Hub Radio, host Delaney Mullennix speaks with Nanci Hibschman, the managing principal at C3 Nonprofit Consulting Group. They delve into the critical issue of nonprofit compensation, a subject of increasing relevance as nonprofits grapple with retaining high-quality personnel in competition with the for-profit sector. Nanci argues that offering a thriving wage, not just a surviving one, is key to attracting […]

Harnessing the Past to Propel Your Nonprofit Forward Learning from the Past: The Foundation of Growth Nicholas Sparks aptly noted, “Everyone has a past, but that’s just it–it’s in the past. You can learn from it, but you can’t change it.” This holds profound implications for nonprofit organizations. As entities, we often allow past experiences to overly influence our current operations. However, these past experiences do not define us, they form a part of us […]

How to Implement a Chart of Accounts for Nonprofits The first step is integrating a complete and cohesive Chart of Accounts (COA). The COA actively serves as both an index of account numbers and names and a resource for categorizing all financial activities. In this guide, we’ll walk you through how to implement a chart of accounts for nonprofits into your organization’s financial management. What is a Chart of Accounts? A Chart of Accounts actively […]