I recently delivered a presentation at the Essex County Institute for Trustees, a full day conference for board members and executive directors of nonprofit organizations. While the subject I covered, nonprofit finance, is by no means a new subject, many organizations still struggle to optimize their operations in order to make the most impact with limited financial resources.
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Proposed Changes for New York Nonprofits
In June of 2011, New York Attorney General Eric T. Schneiderman announced the formation of a Leadership Committee for Nonprofit Revitalization. The task force, composed of 29 leaders in the nonprofit sector from across the state, was charged with presenting a series of recommendations to reduce regulatory burden and costs on nonprofits while strengthening nonprofit accountability.
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Fiduciary Responsibility Training
Teachers get professional development to maintain their professional certification. Doctors, nurses and other healthcare professionals also take classes and engage in professional development. As a CPA, I have to maintain my professional credentials through education. (Continuing professional education (CPE) is required for CPAs to maintain their professional competence and provide quality professional services.)
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Everyone Gets Rated
Your favorite restaurant has one. Movies have them. If you are active in social media you probably have two or three or twenty. Nonprofits have them too.
A rating. Or should we say, another rating. A more in-depth rating….
And here’s a drop in the bucket for you, and you, and you…
As part of a ten-step program to encourage job growth, Boston Mayor Thomas Menino recently proposed a credit for nonprofits that hire unemployed Boston residents. Not-for-profits that hire the currently jobless would receive a $1,000 or $1,500 credit deducted from the money nonprofits are asked to pay in lieu of property taxes….
