April, 2015

Building trust with donors

trust-fall

by Andy Canada at Johnson Grossnickle Associates | One of the most important things an organization can do to guarantee long term success and support from donors is to instill and cultivate trust between the organization and its donors. Millennials in particular value trust with an organization, with 84% saying they will only donate to […]

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A guide to nonprofit overhead

budget calculation

By Jan Masaoka & Steve Zimmerman, Blue Avocado Calculating overhead rates and managing overhead expense are important staff roles. Board members are not required to know how do staff accounting work, but we do need to bring an informed perspective to oversight: Harvard’s indirect cost rate is 68% while Iowa State’s is 48%. Should the […]

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The Overhead Myth

overhead-myth

By Art Taylor, president, BBB Wise Giving Alliance, Jacob Harold, president/CEO, GuideStar USA,Ken Berger, president/CEO, Charity Navigator | To the Nonprofits of America: We write to ask for your help to end the Overhead Myth — the false conception that financial ratios are a proxy for overall nonprofit performance. Last year we wrote a letter […]

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The nonprofit starvation cycle

Frugal-Pig

By Ann Goggins Gregory and Don Howard, Stanford Social Innovation Review | Organizations that build robust infrastructure—which includes sturdy information technology systems, financial systems, skills training, fundraising processes, and other essential overhead—are more likely to succeed than those that do not. This is not news, and nonprofits are no exception to the rule. Yet it […]

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More cost effective and efficient nonprofit accounting operations

non-profit-accounting

By Jim Simpson, CPA and director, Financial Technologies & Management | Since 1999, we have helped over 350 nonprofit organizations throughout the Midwest improve their accounting operations and become more cost effective and efficient. Based on experience, here are some experience-based insights that can help boost your nonprofit accounting operations. Let’s start by dispelling the […]

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A brand new approach

ClassicalMusic

By Lynn Sygiel, editor, Charitable Advisors The name was direct and to the point — Independent Residential Living of Central Indiana – and it served the Greenfield-based nonprofit agency well for over 20 years. The organization referred to itself as IRL. When the agency moved to Indianapolis in the mid-2000s, Chief Executive Officer Connie Dillman […]

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