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Use This Simple Question to Improve Board and Committee Member Engagement [SUBSCRIBERS-ONLY]
Keeping nonprofit organization Board and committee members engaged is often more art than science. The reason this task is so difficult is because of the delicate balancing act between gratitude and appreciation. It is relatively easy to show gratitude and thank volunteer leaders for attending meetings. It is another thing to make sure these volunteer leaders leave each meeting with a feeling that it was a good use of their time, that they were actively involved in discussions, and the organization appreciated and valued their input.

The Wrong Way to Add a Charitable Arm to a For-Profit Business
I often receive inquiries from entrepreneurs who are looking to add a philanthropic component to an existing for-profit business, such as by forming a nonprofit as a charitable arm or subsidiary of their business or starting a corporate foundation. These ideas are usually well-intentioned. However, mixing business and charitable activities too closely can make IRS approval of 501(c)(3) status an uphill battle.
![Enhanced Management Strategies for Indirect Costs [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1709126523556-UU7SPG0LT9HK0SVBH80S/tablet-254581_1920.jpg)
Enhanced Management Strategies for Indirect Costs [SUBSCRIBERS-ONLY]
There are many aspects to consider when it comes to managing a nonprofit organization’s indirect costs. We often think first about compliance rules, which are naturally complicated and can vary by funding source and an organization’s own internal accounting policies and procedures. One aspect we tend not to emphasize enough is staff and their propensity to be disinterested and disconnected when it comes to considering and managing indirect costs.
![Three Steps to Be Better Prepared for Public Disclosure Requests [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1708693971877-36866WJZWFKJ3OD1TB4G/eric-masur-9JxubXPaidg-unsplash.jpg)
Three Steps to Be Better Prepared for Public Disclosure Requests [SUBSCRIBERS-ONLY]
How a nonprofit organization responds to public disclosure requests provides a clear window to its commitment to accountability and transparency. However, many organizations are insufficiently prepared to respond to requests for documents. This can lead to compliance failures and/or inadvertently sharing sensitive information that was not required to be disclosed.

The Importance of Your First Year of Board Service
Serving on a nonprofit organization’s Board can be a rewarding and often life-changing experience. The first year of Board service will set the stage for the remainder of your time on the Board and directly affect opportunities for engagement, impact, visibility, quality of experience, and advancement. Our 4-part New Board Member Planning and Preparation Series aims to help new Board members set basic goals and develop realistic expectations for success during this critical early stage of their Board tenure.

With Your First Year of Board Service Complete, What’s Next?
As your first year of nonprofit Board service winds down, it is time to pause and reflect on the past year and start setting goals for year two. Your first year of Board service is all about learning and observing. Learning about the organization’s strategic plans and culture while observing engagement of fellow Board members. For the second year, your emphasis should shift to purposeful commitment based on what you learned in year one.

Planning for Your First Year of Board Service
With your first nonprofit organization Board meeting completed there is a tendency to relax, as the natural concerns and hesitancies that come with taking on a new role with new experiences start to dissipate. Avoid taking your foot off the gas. Now is the time to turn your thoughts to the year ahead and how you can make the most of your first year of Board service.

Preparing for Your First Board Meeting as a New Board Member
You only get one first Board meeting as a new Board member of a nonprofit organization. Thoughtful front-end preparation for your first Board meeting is essential to help you to make a lasting impression that you are serious about your commitment and appreciative of the honor.

Three Steps to Get Your New Board Member Service Off to a Good Start
You’ve just been appointed to the Board of a nonprofit organization you believe in and trust. Now what? The time between receiving this good news and beginning your Board service is important for laying the groundwork to be an impactful Board member. I have always found that putting in a little extra effort before your Board service starts will help both you and the organization get the most out of the relationship.
![Audit Planning Calendars Can Make Audits Less Stressful and More Efficient [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1708791377742-HS2EGEXSLWLWC8DBVTV5/board-218535_1920.jpg)
Audit Planning Calendars Can Make Audits Less Stressful and More Efficient [SUBSCRIBERS-ONLY]
Financial statement audits have natural “built-in tensions” between nonprofit organizations and their independent auditors. These tensions are advantageous from a checks and balances point of view but can lead to communication challenges if not properly managed. Agreeing on a detailed planning calendar at the front end of the audit will make for a less stressful and more efficient audit process.
![Aligning Investing Purpose to Institutional Mission and Culture [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1695078743847-JHV3GVLD4SYG6VDZ7FPT/directory-235079_1920.jpg)
Aligning Investing Purpose to Institutional Mission and Culture [SUBSCRIBERS-ONLY]
An increasing number of nonprofit organizations are implementing mission aligned investing and this approach may soon become an expected best practice. Core investment acumen will always be focused on safety, liquidity, and return on investment (ROI), balancing the risk/reward of these three key investment pillars. However, many nonprofits with investable funds now consider mission aligned investing as an important fourth pillar of their investment strategy.

Three-Dimensional Financial Messaging
The delivery and interpretation of financial reports is a complex and sometimes unpredictable process. It becomes even more complicated when you realize that the target audience consists of multiple end-users who will be considering financial information from multiple points of view. Effective financial messaging tactics that incorporate a three-dimensional (3-D) tactical approach will give you more options and opportunities to connect with the many different types of users of financial information.

Weighing the Benefits of 501(c)(3) Status
One of the most important but overlooked steps in forming a new 501(c)(3), nonprofit organization is to make a fully informed decision about whether the benefits of 501(c)(3) status are worth pursuing in the light of the many compliance burdens that come with operating a charitable organization. This important choice is difficult to change once an organization is formed, so we included this as Step 1 in our new guide sheet: Steps to Forming a 501(c)(3), Nonprofit Organization.
![Adding Pre-Month-End Closing Meetings Can Enhance Financial Communications [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1703031923720-REQEY4SAWNKKSPD3H424/pexels-towfiqu-barbhuiya-9810172.jpg)
Adding Pre-Month-End Closing Meetings Can Enhance Financial Communications [SUBSCRIBERS-ONLY]
I am always looking for efficient, creative, and low risk opportunities to improve financial communications. This usually involves both art and science, a mix of creative and structured tactics. Adding pre-month-end closing meetings is a value-added practice that takes advantage of both tactics with high upside potential for positive results.
![Time to Take a Fresh Look at Old Board-Designated Funds [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1709987619004-PP72M5ZUDFOO03FFTIBG/oskars-sylwan-TaDYbj5q1Gc-unsplash.jpg)
Time to Take a Fresh Look at Old Board-Designated Funds [SUBSCRIBERS-ONLY]
In my professional life I view many financial statements from a wide variety of nonprofit organizations, and I am always amazed, but not shocked, by how many of these nonprofits have Board-designated funds sitting on their balance sheets. Two questions immediately come to mind. Why where they originally established? Is the purpose still relevant today? Often the answers lie in understanding the circumstances occurring at the time the Board originally designated the funds.