It’s part of nonprofit life. You’re talking to someone and they tell you about a cool resource they’ve been using. Your response is “I didn’t know about that”. When it comes to nonprofit work, it’s important to make the most…
The nonprofit sector has many challenges that are not experienced in the for-profit sector. The most significant challenges are the lack of resources and the absence of profits. The challenge of limited resources often leads to the need to cut…
If you’re looking for a job that gives back to the community, working for a nonprofit is the way to go. Nonprofit jobs are often in positions of influence and responsibility, meaning that they often offer unique opportunities to learn…
As small businesses, nonprofits have a high rate of failure. Over 44% of all small businesses fail in the first 5 years. 30% of nonprofits fail to exist after 10 years But why? According to the Concord Leadership Group: Ouch!…
Do nonprofits need D&O Insurance? We explain it in simple terms so you can make the right decision. Policy Types, costs, and coverages.
We’ve all heard of audits. But we may be thinking of very different things. In this article, we are not talking about IRS tax audits, but rather independent financial audits. We’ll answer the question of whether audits are required or…
A nonprofit, charity, and other social enterprises may make us feel like using words from the business world is taboo. Do revenue, sales, income, and other terms feel inappropriate in the social sector context? In general, there are five types…
Congratulations. You’ve selected your nonprofit board members and they have agreed to serve. You’ve scheduled the first board meeting but wait, what has to happen at this first board meeting? Ensuring the right things happen at the inaugural board meeting…
It’s time to open a bank account for your nonprofit. But, what do you need before you can do it? We’re here to help. Opening a bank account for a nonprofit is best achieved by bringing the following 8 items:…
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