Posts Tagged: "nonprofit"

Technology Matters to Nonprofits: The Impact of Falling Behind the Technology Curve
October 29, 2019
Technology Matters to Nonprofits: The Impact of Falling Behind the Technology Curve

My wife was recently notified by our wireless provider that her smartphone will no longer be supported. A couple of years ago, when she needed a new cell phone, we made the decision to save some money by buying an older, but not obsolete, model phone. “There’s no reason to spend all that extra money…

Nonprofit CFOs Shape their Legacy by Defining and Communicating the Big Picture
October 15, 2019
Nonprofit CFOs Shape their Legacy by Defining and Communicating the Big Picture

You are the CFO of a nonprofit that’s focused on long-term mission fulfillment, financial sustainability, and organizational independence. How do you guarantee that your legacy is aligned with the organization’s long-term success? You may have thought that years of successfully ensuring your debits equaled your credits, that audits ran smoothly, and that financial reports were…

Blackbaud Financial Edge versus Community Brands MIP Fund Accounting
August 21, 2019
Blackbaud Financial Edge versus Community Brands MIP Fund Accounting

The number of ERP solutions suitable for nonprofit accounting is growing, and making a decision on which one to go with can be tough. The following is a hard-nosed look at two platforms that have been around for decades, but have managed to keep up with market demand in an increasingly competitive landscape. Before we…

Skating The Edge Between Risk and Reward at Your Nonprofit
March 5, 2019
Skating The Edge Between Risk and Reward at Your Nonprofit

Every nonprofit faces risk, but it doesn’t have to be a liability. Learn to take a holistic view of risk and use the unexpected to your advantage. What if your funding was cut by half overnight? It might sound impossible, but given the precarious financial situation most nonprofits face, it’s a very real risk. You…

It’s an Open Book: How Nonprofits Can Achieve Financial Transparency
August 7, 2018
It’s an Open Book: How Nonprofits Can Achieve Financial Transparency

All charities differ in their missions, but all are alike in one important way—to succeed, they must practice financial transparency and accountability.  In fact, Charity Navigator, the nation’s largest and most-utilized evaluator of charities, uses these values as key criteria in rating nonprofits. Charity Navigator defines transparency as “an obligation or willingness by a charity…

Adaptive Acquisition Update: A Letter from JMT
June 13, 2018
Adaptive Acquisition Update: A Letter from JMT

Like many of you, we too learned yesterday about the acquisition of Adaptive Insights Inc. by Workday Inc. Here at JMT, an event such as this is a reminder of the fluidity of the fast-paced world we live in today and of the importance for us to remain focused on JMT’s mission, to do all…

7 Steps to Nonprofit Risk Management
May 21, 2018
7 Steps to Nonprofit Risk Management

Nonprofits face risk on all sides. In a March 2016 report, Oliver Wyman and SeaChange Capital Partners list some of the difficult conditions under which nonprofits must operate. Among these are: Tackling society’s hardest problems Limited funding Increasing costs for services Recruiting and retention Ever-changing operating environment These experts conclude, “It is no surprise that…

A Nonprofit’s Guide to Government Compliance
May 14, 2018
A Nonprofit’s Guide to Government Compliance

Compliance is a hefty responsibility for nonprofit organizations; indeed, more so than for-profit companies. As the firm Harbor Compliance points out, there’s a good reason for that—nonprofits are exempt from federal corporate taxes and can receive public funding. Both the IRS and states have requirements for nonprofits. The penalties for noncompliance can be severe. A…

How To Reduce Financial Risk for Your Nonprofit
April 16, 2018
How To Reduce Financial Risk for Your Nonprofit

Many nonprofits walk a razor-edge financially. Nonprofits address society’s most difficult issues, compete for limited funding and struggle to find and keep qualified staff to run their organization. A new report by Oliver Wyman, SeaChange Capital Partners, and GuideStar, which examines the finances of more than 219,000 U.S. nonprofits, reveals sobering realities: Around 50% have…

How Can Nonprofits Measure Success and Impact?
February 22, 2018
How Can Nonprofits Measure Success and Impact?

How do you know if your nonprofit is making an impact—if your mission is a success? The answer to this question affects everything about your organization, from day-to-day operations to the success of your fundraising efforts. The National Council of Nonprofits alludes to five actions: Identify what success looks like to you. Make a plan…

Outputs vs. Outcomes: What’s the Difference and Why Does It Matter?
February 6, 2018
Outputs vs. Outcomes: What’s the Difference and Why Does It Matter?

Donors want to know if their donations are impacting the work of your nonprofit through its mission. Increasingly, this means telling your story through numbers—something that nonprofits don’t always do well. Marc J. Epstein, co-author of the book, Measuring and Improving Social Impacts: A Guide for Nonprofits, Companies, and Impact Investors, says that “The need…

How to Tell Your Nonprofit’s Story
How to Tell Your Nonprofit’s Story

How do you measure the success and impact of your nonprofit’s mission? Similarly, how do your donors—be they individual, foundations, or corporate—know if their donations are impacting the work of your nonprofit through its mission? Many nonprofits gauge their impact through statistics such as the number of people served, families fed or housed, or the…

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