Nonprofit organizations may find themselves engaging in mergers or other business combinations in the same way as for-profit businesses. The reasons vary, including advancing strategic alliances, efficiency of operations, expanding services, and protecting assets. Whereas a merger traditionally is thought of a marriage of two or more entities, the merger may take many forms including …
Posts Tagged: nonprofit
How to Dissolve a Nonprofit Organization
Mission accomplished. Our needs have changed. We are not sustainable. Our efforts are better served elsewhere. There can be many reasons behind the dissolution of a nonprofit organization, but one thing is a given: from logistics to community impact, closing operations takes time and care. While there are variances from state to state, we have …
Nonprofit Board Operations: Agendas
Meetings, meetings, meetings. A necessary part of any nonprofit organization, they are where ideas and issues are discussed, new initiatives are introduced, and action items are assigned. While they may seem cumbersome at times, a good meeting keeps your organization focused and goal-oriented. But how do you maintain the productivity of meetings – especially recurring …
Best Practices for Acknowledging Charitable Contributions
Charitable contributions are a main source of funding for most non-profits. In order for your donors to receive a tax deduction for making charitable contributions, they must be properly and appropriately acknowledged by the nonprofit. You may be surprised to learn that there are several important things your organization must do to ensure that donors …
Is Fiscal Sponsorship Right for You?
Many individuals looking to develop a charitable program assume that they need to create a nonprofit organization to solicit tax-deductible contributions. While establishing a nonprofit is often the best course of action, for many there is another way – fiscal sponsorship. Fiscal sponsorship is a partnership with a 501(c)3 tax-exempt organization – the fiscal sponsor …
At What Stage of the Nonprofit Lifecycle is Your Organization?
Understanding the nonprofit lifecycle is the key to identifying the transitional points that can be opportunities to expand an organization’s capacity to serve the community they set out to help. Simply put, capacity is a nonprofit organization’s potential to effect meaningful change. Building capacity is necessary to accomplish an organization’s mission in a way …