It’s that time of year when we start setting timelines with our nonprofit clients for annual budgeting. For most clients who operate on a calendar year (1/1-12/31), we want to have internal discussions about revenues and expenses in October, put together a solid draft budget for your finance committee in November, and get a final…
How the One-Page Goal Tree Builds Enthusiastic Collaboration Tuesday, March 10 7:30 – 9 a.m. Madison Senior Center: 330 W Mifflin Street, Madison Presented by: Derrick Van Mell, CEO of the Center for Management Terms & Practices (theindex.net) We will discuss the real obstacles to a successful plan are a) getting everyone to stick with…
Since 2017, nonprofits have seen a reduction in the amount of money coming in and that is partially because of the Tax Cuts and Jobs Act of 2017. Economists loved the idea of doubling the standard deduction but were concerned that reform could reduce charitable giving because less people would itemize and deduct donations. And…
As a benefit to nonprofit leaders and their staff, N4N hosts the BREAKFAST WITH BENEFITS series. Nonprofit professionals will have an opportunity to connect, share ideas, and learn from presenters on current topics affecting nonprofits. Our first event of the series is Tuesday September 17. RSVP with Andrea at andrea@numbers4nonprofits.com.
The fear is always there: the fear of complaints from donors. It will eventually happen to your nonprofit if it has not happened yet. For those who have experienced donor complaints, the fear of a re-occurrence sometimes never subsides. The good news is that you do not need to keep that fear with you constantly…
Giving to others is part of human nature. We all want to support others because giving is about “making a difference.” Companies receive donation requests from multiple nonprofits monthly and for some companies the act of giving simply becomes habit. They write checks to the same nonprofit year after year without having a true passion…
Since it is perfectly acceptable for a nonprofit to make a profit throughout the course of a year, the question often asked is, “how much should be left in reserves?” The answer is tricky. Having excess reserves can limit your donors’ willingness to give and having too little could cause your nonprofit to struggle operationally…
Effective Ways to Cultivate and Maintain Strong Donor Relationships As nonprofit professionals, we know that keeping our current donors is important to achieving our organization’s mission and financial goals. In fact, it often costs five times more ton find new donors vs. retaining the donors you have! In this session we will look at what…
A 501(c)(3) organization CAN make a profit while being registered as a nonprofit. Even though an organization’s nonprofit status may preclude them from paying income taxes on profits earned, there are possible tax liabilities with earned revenue that need to be considered.
Most, if not all, nonprofits need to work within a tight budget. Programs, salaries, capital projects, building maintenance – none of these line-items are free. Many executive directors and board members are trying to find ways to decrease expenses, but tightening your organization’s purse strings in the areas of accounting assistance and bookkeeping may end…
Managing Money With Mission
Madison
821 E Washington Ave, 2nd Floor
Madison, WI 53703
(by appointment only)
Milwaukee:
414-800-1422
1433 N Water St
Suite 449
Milwaukee, WI 53202
(by appointment only)