Financial Management

COVID-19 has upended all of our carefully constructed strategies and plans for 2020. As nonprofit leaders, the critical and unprecedented task before us is to ensure that we are continuing to fulfill our missions by:

In the middle of a crisis, returning to “normal” feels far off. And after a mega-disruption such as COVID-19 or a devastating hurricane, many organizations need to envision a ‘new normal,’ as things will not be the way they once were. This webinar offers practical tips for getting ready for your nonprofit’s new normal. Learn what you can do today to create a path to your organization’s future.

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Jeanne Tedrow, President & CEO, North Carolina Center for Nonprofits

Managing a nonprofit’s finances is no small or easy task. Nonprofits and those who seek to do good while making a difference in our communities are to be commended for their ability to manage resources and revenue. More often than not, nonprofits make a way when many would say there appears to be no way. To make things happen for the good, they become creative as they leverage financial support with in-kind donations and volunteer labor.

"It is always possible to donate retirement assets, including IRAs, 401(k)s and 403(b)s, by cashing them out, paying the income tax attributable to the distribution and then contributing the proceeds to charity. In many cases, though, there is little to no tax benefit associated with this type of donation. However, a direct contribution of retirement assets to charity as part of an estate planning strategy can be very tax efficient.

Updated: September 25, 2019

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Demystifying the 990-PF outlines the anatomy of the 990PF document and has a glossary of terms. The 990-PF is the information return U.S. private foundations file with the Internal Revenue Service. This public document provides fiscal data for the foundation, names of trustees and officers, application information, and a complete grants list. The 990-PF may be the only source where one will find complete grants lists for smaller and mid-sized foundations. (Foundation Center)

Nonprofit Strategic Technology Planning Guide offers a step-by-step approach to designing a long-term technology plan for your nonprofit. It identifies specific meetings you would need to have with your technology steering committee and other stakeholders in each phase, deliverables to achieve at each step of the strategic planning process, and tools for needs such as calculating Total Cost of Ownership.

Leading a Nonprofit Organization: Tips and Tools for Executive Directors and Team Leaders succinctly covers leadership styles, implementing strategic plans, and increasing employee retention. It also provides a New Executive Director Checklist, tools for team and trust building, and strategies for project management.

Sample of a grid to be used for mapping out the details of implementing a series of fundraising strategies, i.e. your organization's goals for each strategy, when it will occur, who is the lead staff, and what role the board will play.