Management Features

Management Features (385)

What Makes It a Nonprofit?

When you want to start a business, you will undoubtedly hear terms like “limited liability company,” “nonprofit,” and “not-for-profit,” among others being mentioned. While it can be easy to ignore these terms and what they mean, they are crucial for the future and direction that you take as an organization. Unlike for-profits, nonprofits and not-for-profits have different models, and their taxation, governance and functions are different under the law. Nonprofits and not-for-profits contrast with the for-profits in how they are run and taxed. Here are the things you need to know about for-profits, nonprofits and not-for-profit ventures so that you can find out which one is the right one for you.

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Rules for Nonprofits

While it may sound simple, nonprofit governance is not an easy task. However, it can work well for organizations that do not want profits as part of their mission or purpose. Starting from your board, you need to consider many essential components and rules before venturing into the nonprofit governance structure. For organizations such as those in arts, conservation, health, or religious activities, this structure is the right one. The importance of this structure is that when you receive non-profit status, you get to keep more money for your cause. Here are rules you should understand if you intend to start a nonprofit.

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Five Ways Technology Can Help You Make the Most of Giving Tuesday

How the pandemic has disrupted for-profit businesses has been the hot topic of the past year and a half, but nonprofits have also felt the pinch. Nonprofits need donations to advance their missions, but many of the fundraising events they rely on have been on hold indefinitely.  

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5 Ways to Improve Nonprofit Marketing Outreach

The average household receives hundreds of flyers, postcards, and other marketing materials in the mail each year. Many times, these get collected into a pile and tossed into the garbage bin without ever being read. And while emails are cheaper and easier to send, they’re just as easily ignored. As non-profits finalize plans for outreach during the holiday and end-of-year giving seasons, amplifying outreach beyond the basic mailer, e-mail, or social media post can be the difference between an average year and an amazing year. Especially following months of less giving and more need during the pandemic, most non-profits could benefit from increased donations.

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Your Nonprofit Needs Recurring Donations

New donations are fabulous, but recurring donations are even better when it comes to allowing your nonprofit have some consistency in contributions. When it comes to nonprofit fundraising, recurring giving provides a reliable source of income for your nonprofit to run operations and fund causes without worrying about financial challenges. Therefore, developing a reliable monthly giving program is an excellent investment that will significantly affect the financial health of your nonprofit in the long term. A recurring giving program is a donation where donors automatically donate a certain amount of their money to a nonprofit of their choice periodically. They can do so weekly, monthly, quarterly, or annually. Here are some benefits of recurring donations.

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Plan Your Nonprofit Office Space the Right Way

Finding the suitable office space for your organization is a critical undertaking. However, it is not always easy as it may seem. This is mostly the case when establishing your first office location or even moving to a new one. Before doing so, you need to consider various factors about the space, how it will support your mission and help you accomplish specific goals. Think about aspects such as the location of your office and accessibility. Here are some more tips that you should consider as you plan your nonprofit office space.

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Recruiting for Nonprofits is Different

Hiring has always been one of the biggest challenges to many organizations, but nonprofits face additional hurdles while searching for the right employees. This is why having and using innovative recruitment techniques has never been so crucial for nonprofits in the modern age where many operations are fast turning digital. According to the Society for Human Resource Management, over 60 percent of HR professionals see recruiting, retention and training as the next big challenge over the next decade. This means that there is a need to adopt better technologies to enhance the process of recruiting and retention. Here are some nonprofit recruiting tips that will help you stay ahead of the game.

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Unity, Not Unionization: An Update

Unity in the service of truth is just, while unionization without the means to do justice is a painful truth. Or, the good technology nonprofits pursue, from teaching students how to code to adopting a code of conduct, from joining communities together online to mentoring individuals offline, is a reward of inestimable value. This reward is a profit—a social good—exclusive to nonprofits, bettering the least among us by eliciting the best from some of the greatest among us. But, to repeat the point of my previous column, what the Nonprofit Professional Employees Union (NPEU) and the Office and Professional Employees International Union (OPEIU) want is not what most nonprofits need.

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These Issues are Common Nonprofit Problems

Like many other businesses, accounting presents unique challenges to nonprofits. However, this is not a big issue. The biggest problem is how to manage the nonprofit's financial status. This begins with identifying the financial red tapes then maintaining the nonprofit’s status. Unfortunately, this is not always easy. When it comes to tracking various financial processes, most of the charities get it wrong. Compounded with the regulatory changes and the shifts in the nonprofit landscape, you are likely to encounter countless challenges on the way. Here are the common nonprofit problems that you may face in accounting.

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Here Are 6 More Fundraising Ideas to Consider

There are hundreds or even thousands of reasons to fundraise. It can be because you want to help people get through problems such as medical bills or fund a nonprofit mission. You can also fundraise to help individuals hit by a disaster. No matter the reason for fundraising, the only key to success is having the right fundraising ideas. Without the right fundraising strategy, you will not succeed in any cause. To help you develop the right fundraising strategy, here are six fundraising ideas that you should consider.

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