Part of an executive director’s role is managing the many moving pieces that go into operating a successful nonprofit. But no single person can be expected to be an expert on everything. When some of an executive director’s duties fall outside of their skill-set or experience, the risk of error increases. And, when your nonprofit…

For any organization, nonprofit or otherwise, having a well-planned budget is crucial to success. Having your finances in order lets you plan ahead, keeps your organization and its programs running, and lays a foundation for where the organization is headed for the year. Quick Case Study In the case of one of our clients, a…

Most people are familiar with the concept of human resources: it’s the department or professional responsible for taking care of the people part of an organization. It’s not unusual for nonprofit organizations to go without having someone in charge of human resources. After all, in a field where every dollar counts, having someone just to…

Having clear and carefully considered goals is the key to any nonprofit’s success. Knowing what you’re working towards and how to measure your accomplishments is vital to ensuring you and your organization are on the right track toward meeting your objectives. Strategic Goal Setting A strategic goal is one that considers where your organization is…

There are few things that are as frustrating as having to re-forecast your nonprofit’s budget when things don’t go according to plan. As mid-year closes in, it’s common for nonprofits to find their carefully prepared budgets aren’t balancing the way they’d expected them to. If you’re not prepared, these fluctuations can seriously disrupt your organization…

We all understand the purpose of technology in business: software programs have been designed to help make day-to-day tasks easier, so people can focus on doing their jobs instead of busywork. But just because technology can make work easier, that doesn’t mean everyone is eager to make it part of their business. Reluctance comes in…

So you decided to take get a financial statement audit done for your organization. Sure, it’s a big–and sometimes stressful–decision, but it’s an investment that will serve your organization well. However, having the audit done is just a part of the process. Once your auditors have completed their review, they’ll provide you with their findings.…

Do you have a budget and know how you’re tracking against it? Is your cash flow in a pickle? How engaged are your employees, and what is your retention rate? Are your contracts up to date? Are you in compliance with your grants? When you’re trying to make an impact, the last thing you want…

Audits: just saying the word is enough to give even the most experienced executive director a rush of anxiety. They can be stressful, time-consuming and, if you run a nonprofit, often necessary. A financial statement audit is an examination of an organization’s financial records, accounts, and accounting practices. This is different from an audit where…