Financial Management

Icon
Image
  • The M Word: A Board Member's Guide to Mergers from CompassPoint is a practical guide to help nonprofit board members, executives, and funders think through a merger. Offering a rough guide to expectations, processes, and obstacles often encountered in a merger experience, it can help an organization determine if a merger is the right choice for its own situation.

  • Social enterprise is about using a market-driven business model to address key social and environmental issues. Often, nonprofits apply ideas and practices from social entrepreneurship to advance their missions. The Free Management Library's resources on Social Enterprise and Social Entrepreneurship offers definitions, examples, resources, and trends on the field and related topics.

  • The Small Business Center Network (SBCN) offers programs, services, and resources to start and grow a business or nonprofit organization - including guiding you through the steps of considering, planning, developing, opening, and operating the organization. Small Business Centers are located at each of NC's 58 community colleges.

  • Total cost of ownership (TOC) over the lifecycle of IT projects like buying new software can be a very tricky thing to calculate. This is especially due to a project's costs going beyond tangible aspects of installing new software and into common implementation challenges such as staff adoption of the technology.

  • The board and staff responsibilities chart is meant to help guide nonprofit board and staff as they determine who’s involved in various activities of governing and managing the organization. You may adapt to fit your organization's needs.

     

  • A calculation by Independent Sector estimated the national value of volunteers' contributed time to be $28.54 per hour in 2021, thus helping to acknowledge the millions of individuals who dedicate their time, talents, and energy to making a difference. Charitable organizations can use this state-specific estimator to quantify the enormous value volunteers provide to their organizations.

     

  • When an organization seriously considers dissolving – whether voluntarily or involuntarily – it’s a difficult and complex process. Nonprofit Dissolution: What to Do When Closing the Doors (Nonprofit Quarterly) outlines the steps and tasks involved in dissolving a nonprofit with honor and integrity.

  • Does your organization have a process for establishing chief executive compensation? The CEO Compensation Checklist from BoardSource outlines 11 key items to consider when creating a compensation plan to help your organization recruit and retain the best possible chief executive.

  • Even the most organized and responsible nonprofit board needs to document its activities, internal rules, and processes. BoardSource's infographic, Must-Have Board Documents, outlines the documents to which your board needs to pay attention.

  • Do your responsibilities include accounting or fundraising (also known as development or fund development) for your nonprofit? Do you supervise the development and accounting work? These are two critical functions and successful collaboration between them is essential to every nonprofit’s success.

Subscribe to Financial Management