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How Weak IT Controls Can Affect Your Financial Statement Audit
With IT affecting financial operations so heavily, nonprofits need to view IT and cybersecurity as organization-wide concerns influencing every employee, department, and process, including their financial statement audits.
100% of Board Giving Escapes Over 27% of Nonprofits
Only 73% of nonprofits indicated their Board of Directors are all active donors and give financially every year. This is according to a OpX360 Executive Study of 155 nonprofits benchmarking their marketing, fundraising, and communication practices suggesting a reluctance of some nonprofits to either fundraise from board members or require board giving. BoardSource, another recognized leader in nonprofit board … Continue Reading
Recently Vetted Fundraising Expert Referrals Free to Nonprofits and Funders
The Capin Center for Nonprofit Excellence has added some new Recognized Experts in the Fundraising, Marketing & Communications specialty areas that we thought you be interested in knowing about. Recognized Experts are known and proven best-in-class providers who consistently demonstrate excellence, reliability, benevolence and integrity with their clients and other professionals. Here’s what our five newest Recognized Experts do: All … Continue Reading
How Nonprofits Increase Their Foundation Funding Through Best Practices and Technology
Nonprofits can increase their foundation funding by automating their manual grant management process through grant management smart tools that leverage industry best practices. There is no better time than now to demonstrate operational competence. What Are Grant Management Smart Tools? Grant management smart tools help foundations and nonprofits manage the grant process. Some tools are designed … Continue Reading
Are the Professionals and Service Providers Serving Your Nonprofit (or The One You Fund) “Just Okay”?
Does the AT&T commercial that shows the surgeon described by the attending nurse as “just okay” bother you as much as it does me? It makes me cringe when the surgeon jokes “just got reinstated” to an offscreen character and then admits to the patient that he is “nervous too.” I have seen the commercial literally … Continue Reading
Financial Management Matters!
For our programs and ministries to be successful, we need to realize financial management matters. It is nearly impossible to accomplish the mission of your organization without cash and that is why financial management matters. Sometimes we are so focused on the specific program activities and outcomes that we neglect the infrastructure of the organization. … Continue Reading
Businesses Need Nonprofits as Much as Nonprofits Need Businesses
Why Do Businesses Need Nonprofits? Not long along, only a few enlightened businesses actively promoted social issues as part of their marketing and branding. Today, corporate philanthropy and corporate social responsibility are integral parts of almost every serious business plan. Corporate philanthropy used to primarily take the form of a financial contribution and to a … Continue Reading
How One Nonprofit Sector is Benefitting from Community and New Funding They Did Not Create
While most companies are becoming greener, some businesses are actually baking sustainability into their businesses to create breakthrough innovations, larger profits, and infectious social good. These ecologically-minded organizations are magnetizing consumers with a similar worldview to buy their products. And together with other like-minded individuals and entities, they are creating a “sustainable” community to help … Continue Reading
Why Are Board Members and Funders Still Using “Trust but Verify” When Measuring Nonprofit Effectiveness?
The phrase “trust but verify” was made famous by Ronald Reagan after the signing of the Intermediate-Range Nuclear Treaty with Mikhail Gorbachev in December 1987. At the time, the Soviet General Secretary bantered, “You repeat that at every meeting.” Reagan replied, “I like it.” What was President Reagan really saying? He was saying, “I trust … Continue Reading