Management Features

Management Features (284)

Thank Your Contributors to Kick off the New Year

As the year ends, everyone hopes that a new year brings better results. While many people wish their family, friends and colleagues a Happy New Year, most do not thank their contributors and customers before the start of another year. Although wishing someone a Happy New Year is a good thing, saying “thank you” is even better. As simple as it may seem, an unexpected “Thank You” is like a surprise gift. It makes a person feel appreciated and valued. For nonprofits, thanking your donors, volunteers and supporters is essential and can be a powerful and cost-effective way to show how you value and appreciate them and soften their hearts for more contributions. As you begin a new year, remember to thank your donors by saying how much you appreciate their efforts and remind them of the importance of the work that your organization is doing and what their contributions are helping you achieve your goals.


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.


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.


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.


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.


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.


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.


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.


Here Are 6 Fundraising Ideas to Consider

Fundraising is not an easy task for many nonprofits. It often demands creativity and tweaks from the traditional approaches that potential donors have gotten used to. As a nonprofit leader or a fundraising organizer, you have used approaches such as auctions, mail marketing, or walkathons. However, as we head to another important nonprofit season, here are six fundraising ideas to consider that may increase your fortunes and take your fundraising initiatives to the next level.


Start NOW Planning Your 2022 Fundraising Strategies

As a person who has been in the nonprofit sector for a while, you already know the importance of donors and proper planning. Unfortunately, most nonprofit professionals lack adequate strategies to boost their fundraising efforts. According to Donor Search, more than 88% of all funds in nonprofits come from just 12% of donors- major donors.


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