This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A nonprofit is more like a public company than a private enterprise in that it’s governed by a board of directors as well as its executive team. That’s why setting up the board’s structures and bylaws with care is one of the most important things a nonprofit founder can do. How do I find board members?
It encompasses practices and organizations that prioritize people and the planet over profit, aiming to build an economy that is equitable, sustainable, and inclusive. The Boston Impact Initiative , founded in 2013, has invested more than $10 million into businesses, co-ops, and nonprofits led by entrepreneurs of color.
Nonprofit boards are technically the most powerful entity within a nonprofit. However, too many nonprofit boards and board members don’t fully understand their core responsibilities. Despite how many nonprofit boards are struggling, board leadership and management does not have to be complicated.
Co-produced by the Charity Reform Initiative of the Institute for Policy Studies and NPQ, this series examines how to facilitate giving while ensuring donor funds reach operating nonprofits in an efficient and effective manner. NPT reported in The 2024 DAF Report that in 2023 donors added new contributions of $59.43 billion, while $251.52
It counts to them as managing risk responsibly. For the bank, federally insured deposits are the cheapest capital around, cheaper than the rates the US government itself borrows at. As for governance, there are a couple of different versions. The regulators, the bank examiners, want to see that.
Although the most popular accounting software products- like QuickBooks and SAP- handle the needs of businesses in many industries, nonprofits have a unique business model and accounting standards and require different features and functionality from accounting software. How are Nonprofit’s Financial Goals Different?
Consider Muhammad Yunus, founder of the Grameen Bank (and leader of Bangladesh’s interim government ), who brought the idea for lending to the poor to mainstream banks in the early 1980s.The banks challenged Yunus to prove it could work, and he did —first in one town, then five. Employee-owned businesses are more profitable and productive.
In his report, Jahi aims to sets forth a clear definition of what a social justice investment ecosystem could look like and challenges nonprofits and philanthropy to shift their investment strategy. But first: what is meant by “impact investing” anyway? When US SIF published their 2020 report (based on 2019 figures), they reported that $17.1
If the problem you are trying to solve or the need you are addressing isn’t a quick fix but instead long range, ongoing and/or escalating, you might consider forming your own nonprofit. In this post, we’ll review frequently asked questions about starting a nonprofit and nine key steps to get your own organization up and running.
Here are 3 common nonprofit board myths. In the nonprofit world, this caused a bit of a stir. But what about the less extreme bad board behavior so many nonprofits deal with, e.g., no-shows for meetings, requests for personal favors, lack of engagement. Myth #2 Roberts Rules is the Law. A board member fired?
The AI Mirror by DALL-E 3/OpenAI.com/DALLE Editors note: This piece is from Nonprofit Quarterly Magazine s winter 2024 issue, Health Justice in the Digital Age: Can We Harness AI for Good? Well, those models have failed spectacularlyand routinelyin many different countries. Thats completely within our capacity.
This includes AI-driven financial decisions, health-tech solutions based on incomplete data, and the use of digital surveillance against communities that already distrust law enforcement and government agencies. Nonprofits step up to defend data equity The good news is that more nonprofits are stepping up to protect data equity.
In early 2022, California’s Central Valley water district experienced theft by its own former general manager. Over the course of 23 years, former general manager Dennis Falaschi stole $25 million worth of water. These tankers supply non-potable water or water that cannot be used for drinking purposes. None of them can work. “My
Legally, it is set up as a 501c3 nonprofit, with Hemstreet and Chester acting as co-executive directors. May adds that Industrial Commons “is also the single-member owner of the for-profit Carolina Textile District LLC, which operates as a member-governed manufacturing network for the region.”
This holiday season, give back by shopping for unique gifts from nonprofit online stores. In this gift guide, you’ll find selections from nonprofits that you won’t see in regular shops. What’s more, your purchases from nonprofit shops will support the essential work of these organizations and the individuals they help year-round.
The nonprofit sector is full of rewarding and impactful careers because it plays a crucial role in addressing various social, environmental, and humanitarian challenges. In this section, we will debunk the three most common nonprofit accounting myths. However, most of it is actually the same.
If you’re not familiar, Cause Camp is Nonprofit Hub’s annual conference that brings together thought leaders, nonprofit professionals and do-gooders from all over the world. There’s tons of humor in the nonprofit world, and someone needs to document it. As founder and CEO of Kishshana & Co.,
Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. You see, a 501 nonprofit corporation is recognized as tax-exempt by the IRS but this doesn’t mean they are exempt from filing taxes. Fortunately, filing taxes for a nonprofit doesn’t need to be stressful.
Federal law requires them to spend a minimum of 5 percent of their assets annually through their charitable arm, but that 5 percent can include operating expenses like office rent, staff salaries, and board retreats. In the former case (free and clear title), any rents, interest, or profits generated accrue to the community immediately.
If you’re reading this, you probably already know about the problems that nonprofits like yours are facing with their insurance: Rising insurance premiums, poor coverage from commercial insurance carriers, and in some cases, the loss of coverage altogether. Many of these nonprofits have never made a claim.
Image Credit: Yuet Lam-Tsang In August 2018, the first legislation explicitly naming worker-owned cooperatives—the Main Street Employee Ownership Act—became United States federal law. What we have here is the kernel of a potent agenda for “non-reformist reforms.” Each win, whether federal or local, unleashed consequential benefits.
But aside from the “normal” nonprofit challenges of relying solely on private philanthropy, the organization had been presented to me as a vehicle in good shape, beyond needing a tune-up. For executives of color, nonprofit leadership is a ‘Hollow Prize.’ Many social justice nonprofits have long existed in states of extreme dysfunction.
At this uncertain time, as the potential use-cases of generative AI begin to become apparent, there are at least 10 things that funders can do to help the existing field of tech-related nonprofits—and society at large—better prepare. Understanding, and developing guidelines and guardrails for, government use of AI.
For over 20 years, nonprofits struggled to take data privacy seriously. This week on A Modern Nonprofit Podcast we discuss today’s biggest cybersecurity threat and how nonprofits can use technology without putting themselves at risk. How nonprofits can use technology to work smarter without putting themselves at greater risk.
“RULER OF THE EARTH” BY YUET-LAM TSANG Editors’ note: This article is from Nonprofit Quarterly Magazine ’s summer 2023 issue, “Movement Economies: Making Our Vision a Collective Reality.” How do social movements come to make the language of economic systems change their own?
Image: “Color My World” by Yvonne Coleman Burney/ www.artbyycolemanburney.com Editors’ note: This piece is from Nonprofit Quarterly Magazine ’s summer 2024 issue, “Escaping Corporate Capture.” places of collective stewardship of the resources provided by Mother Earth) that can produce and provide the goods and services we need.
“Braver New World” by DALL-E/OpenAI Editors note: This piece is from Nonprofit Quarterly Magazine s winter 2024 issue, Health Justice in the Digital Age: Can We Harness AI for Good? This continuity of care is critical in managing chronic diseases and improving long-term health outcomes.10
Leaders moving work through nonprofit organizations are also contending with the “great resignation” and major shifts in the workforce; 3 unprocessed grief from the pandemic and years of escalating racial violence; and short-lived performative responses by philanthropy to the events of 2020.
“UNABLE TO INTERVENE” by Yuet Lam-Tsang Editors’ note: This article is from Nonprofit Quarterly Magazine ’s summer 2023 issue, “Movement Economies: Making Our Vision a Collective Reality.” It is no surprise that the technology is extremely faulty and it is deployed almost exclusively in non-White neighborhoods.
The leaders of a nonprofit community garden want to help residents move up the value chain by selling food products from their homes, but state law restricts food production to commercial kitchens or farms. Changing the law will require lobbying strategies, connections to policy makers, and legal expertise.
This article is, with publisher permission, adapted from a more extensive journal article, “ A Tax Credit Proposal for Profit Moderation and Social Mission Maximization in Long-Term Residential Care Businesses ” published last year by Nonprofit Policy Forum. These statistics hold true across time and national boundaries (Brennan et al.
Learn more about how the 2023 legislative session impacts Nonprofits and the Tennesseans they support The first session of the 113th Tennessee General Assembly adjourned on Friday, April 21st. 20 million to support crisis pregnancy non-profits. The legislature passed a $56.2
Learn more about how the 2023 legislative session impacts Nonprofits and the Tennesseans they support The first session of the 113th Tennessee General Assembly adjourned on Friday, April 21st. 20 million to support crisis pregnancy non-profits. The legislature passed a $56.2
Corporate dominance and the pursuit of profit has destabilized our economy, pushed our climate to the breaking point, and fueled the rise of right-wing authoritarianism. We must be practical yet ambitious about how short-term work and non-reformist reforms feed long-term structural transformation.
The last couple of months have brought with them a whirlwind of policy developments that directly impact nonprofits working in the voter engagement space. Furthermore, non-citizens are already legally barred from voting in federal elections. What can nonprofits do? Signed into law on March 30, 2022, H.B. Arizonas H.B.
Image credit: Dall-E by OpenAI Editors note: This piece is from Nonprofit Quarterly Magazine s winter 2024 issue, Health Justice in the Digital Age: Can We Harness AI for Good? are exploring ways to help individuals manage and monetize personal data. 18 Platforms like Nebula Genomics and Hu-manity.co
We organize all of the trending information in your field so you don't have to. Join 27,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content