Behind every successful nonprofit’s fundraising efforts stands a dedicated Board of Directors. While they may not always see themselves as fundraisers, engaging your board members in the process can significantly boost your organization’s financial health and...
For too long, the nonprofit sector has taken a “one size fits all” approach to fundraising; with dinner dances and golf outings clogging the calendar and development staff making phone calls looking for sponsorships at pre-established levels. Now I’m not suggesting...
NYPMIFA – what does this strange acronym mean? These seven letters are used to abbreviate the New York Prudent Management of Institutional Funds Act. NYPMIFA is not something completely new as it was signed into New York State Law by Governor Patterson on September...
Nonprofit organizations are facing an increasing number of demands and it’s finding many of them stretched so thin that creativity and strategy are the only answers left to overcome these demands. Government funding is decreasing while costs continue to increase....
IRS Form 990 is an informational tax form that the majority of tax-exempt organizations must file annually. The Form’s main purpose is to give the IRS an overview of the organization’s activities, governance, and detailed financial information. Additionally, Form 990...
Most Board members understand that it is their responsibility to provide fiscal and programmatic oversight and guidance for the organization they govern; however, they are not always aware of some of the other areas that Board members should be involved with in order...
At its most basic level, a related party is one that is either directly or indirectly able to significantly influence or control another party. Thus, a related party transaction is a transaction that occurs between two or more parties with inter-linking relationships....
Boards of directors function in interesting ways. Whenever a group of people closely interact, collaborate, form joint decisions, vote, and are held accountable, there exists risk that this group will become dysfunctional and/or ineffective. Successfully blending...
Identifying a new board member is just the beginning of cultivating a productive relationship that benefits both the individual and the organization. Whether approached formally or informally, the orientation process plays a crucial role in integrating new board...
