Found 589 Results
Reply To: Private: Managing and using cash reserves
There are at least 3 reserve funds for a nonprofit where I serve on the board: one reserved for the building, another a board reserve…
Reply To: Private: Budgeting for salaries and cost of living
One method I read about recently was to increase everyone the same amount — as an example say a $3000 increase for everyone. For some…
Reply To: Private: Budgeting for salaries and cost of living
These are weird times with inflation rising and unemployment low, giving employees more options. There is a tightrope to walk when you’re trying to retain…
Reply To: Private: One time windfall
This might be a good time to revisit your strategic plan. Does that give any guidance about program development, growth , or asset acquisitions? Does…
Reply To: Private: Advice for our first Single audit
What should we expect for additional cost for a single audit?
Reply To: Private: Advice for our first Single audit
Hi! I am happy to share some high level information about the Single Audit and what to expect. What we typically consider a “regular” or…
Reply To: Private: Advice for our first Single audit
tried to find a resource on this topic as if would be nice to know the difference between a “federal” single audit and a normal…
Reply To: Private: One time windfall
Couple of thoughts: 1) tell program managers that you will listen to ideas but first they need to show you how the “spending” will help…
Organizational Slack (or Goldilocks and the Three Budgets)
Organizational slack is an important concept in the management literature, but you won’t find it mentioned in articles on nonprofits. It has several definitions, but all boil down to extra resources or resources held in reserve. The difference between a hand-to-mouth organization and a vibrant one is slack. Think of slack as the financial aspect of organizational capacity.