When debts begin to spiral out of control, bankruptcy offers an avenue for an organization to take a degree of control over how it resolves the problem. Like churches, 501(c)(4) social welfare [...]
As a nonprofit gets off the ground, it quite often happens that its leaders are hesitant to take steps to organize the nonprofit as a legal entity because doing so could disrupt the interpersonal [...]
Internal controls are a familiar emphasis for professionals working in the world of publicly traded companies. Regulations from laws like the Sarbanes-Oxley Act (SOX) require public companies to [...]
A wealthy donor can be a boon to a nonprofit’s fundraising efforts, both for his or her direct contributions as well as the access the donor can give to other members of the elite. But what if a [...]
Silent auctions are a popular fundraising strategy for good reason. By introducing a competitive element to giving, donors feel an extra incentive to keep bidding higher. They also give the [...]
Managing nonprofits is a huge challenge. Many nonprofits rely on a mix of full-time, part-time, and volunteer staff to the work that would be reserved for full-time, trained employees at a [...]
Many 501(c)(4) social welfare organizations are set up with an inherent political purpose in mind. In a sense, pursuing activities to promote general welfare is by definition a political aim. But [...]
In a donation installment plan a donor agrees to give a certain amount on a recurring basis, often monthly. Often described as “sustainer” programs, installment plans offer donors with an option [...]
There are many who say that running an organization is chiefly about managing risk. In the nonprofit realm, managing risk often involves a mixture of revenue generation, careful financial [...]
Maintaining the financial wellbeing of a nonprofit is often at the front of managers’ minds. Fundraising sources are not always consistent from year to year, unforeseen expenses can cause sudden [...]