NonProfit Quarterly
JANUARY 25, 2023
Many in the nonprofit sector look at their income statements (also known as the “profit and loss” report), but unless you’re a chief financial officer or perform a similar role, you may spend far less time looking at your organization’s overall financial position.
NonProfit Quarterly
FEBRUARY 15, 2023
While the National Center for Employee Ownership defines employee ownership as “any arrangement in which a company’s employees own shares in their company or the right to the value of shares in their company,” in a worker cooperative, ownership means not just sharing profits, but having a direct voice and vote in the workplace.
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NonProfit Quarterly
JANUARY 10, 2024
CRH’s salvation eventually came in the form of a collaborative approach, pivoting toward a combination of emergency funding provided by a small family foundation; a nonprofit, non-extractive loan fund; a third-party investment firm; and a coalition of Latinx community development financial institutions (CDFIs).
NonProfit Quarterly
DECEMBER 21, 2022
At a recent professional dinner, I struck up a fascinating conversation with a woman who has spent her legal career working in civil rights, housing, and community development. I once heard a CDFI leader remark that when the borrowers we need in the community don’t exist, we as CDFIs need to go out there and create them.
NonProfit Quarterly
AUGUST 8, 2023
With the WORK Act, tens of millions of dollars in government resources will be disbursed to employee-ownership centers around the country, fundamentally changing the playing field for worker-owners, freelancers, and cooperative innovators. What we have here is the kernel of a potent agenda for “non-reformist reforms.”
NonProfit Quarterly
DECEMBER 22, 2022
These movements’ leaders—usually grassroots volunteers who I view, too, as philanthropists—have demonstrated solidarity in their non-monetary philanthropy. As a result of the movements of the 1960s, the US government and nonprofit agencies strengthened social safety nets.
NonProfit Quarterly
JULY 19, 2023
If racism has left Black Americans with less capital than White Americans, then the solution is to help Black Americans eventually own businesses as large and profitable as those of White Americans.” 36 The nonprofit sector grew in this vacuum, filling the gaps where the federal government did not make provision.
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