Is Your Nonprofit Run Like a Business?
By Erica Crenshaw In Financial Leadership Posted September 17, 2015 0 Comments
The biggest problem funders have with nonprofits is that they don’t operate enough like a business. Nonprofits are accused of having lofty goals, and not having a solid plan that is backed by financial realities. Nonprofits, on the other hand, are often underfunded and can’t afford to keep quality employees. The problem remains cyclical; therefore, […]
FINANCIAL LEADERSHIP: THE DIFFERENCE BETWEEN SURVIVAL AND INSOLVENCY FOR NONPROFITS
By Erica Crenshaw In Financial Leadership, Podcasts Posted September 17, 2015 0 Comments
The nonprofit community recently lost a 123 year old prolific leader and strategic partner that opened doors for many others with a strong desire to change lives. That leader was none other than the renowned, Chicago‐based Jane Addams Hull House Association – a social service agency that served more than 60,000 people each year, offering […]
The worst of economic times brought out the best
By Erica Crenshaw In Financial Leadership Posted September 16, 2015 0 Comments
  “A crisis is a terrible thing to waste,” American economist and NYU professor Paul Romer was credited for saying in 2004. His sentiment, unfortunately, is appropriate again today as nonprofits throughout the sector learn from tough decisions that help them recover from the Great Recession and what we are now seeing will likely be […]
Finance and Fundraising: Don’t Underestimate the Power of Collaboration
By Erica Crenshaw In Collaboration / M & A Posted September 23, 2014 0 Comments
Dear Readers, I had the pleasure of speaking to the Association of Fundraising Professionals (www.afpnet.org) yesterday about the critical relationship between finance and development. As I was putting my presentation together, it only made sense to write about it as well. I hope you enjoy the latest blog. Finance and Fundraising: Don’t Underestimate the Power […]
Financial costs of mergers
By Erica Crenshaw In Collaboration / M & A Posted September 23, 2014 0 Comments
Financial costs of mergers “The benefits of mergers are what motivate organizations to consider this option, but the costs are not always clear at the outset,” explains Thomas McLaughlin, director of consulting services for the Nonprofit Finance Fund. Small hospitals look at mergers Credit-rating agency, Standard and Poor’s, recently reported that stand-alone hospitals, in particular, […]
What you should know about the end of corporate giving
By Erica Crenshaw In Foundations Posted August 22, 2014 0 Comments
What you should know about the end of corporate giving As corporate social responsibility evolves, businesses are questioning if traditional philanthropic giving is an antiquated expense line. Today, stakeholders and investors expect more integrated methods for tying social impact to core business activities. While this is a worthwhile endeavor, many companies are finding the reality […]
Greenpeace: A cautionary tale of financial mismanagement
By Erica Crenshaw In Strategic Finance Posted August 22, 2014 0 Comments
Greenpeace: A cautionary tale of financial mismanagement The blogosphere and nonprofit trade publications are all abuzz with the story of Greenpeace’s loss of $5.2 million thanks to a reckless investment decision made by the senior financial officer who has since been fired. This costly error prompted subsequent discoveries of financial disarray and allegations of hypocrisy […]
Talk is cheap, implementation is not
By Erica Crenshaw In Accounting Posted July 24, 2014 0 Comments
Talk is cheap, implementation is not “A mediocre plan well implemented will outperform the most brilliant plan accompanied by mediocre implementation,” say the coauthors of The Nonprofit Business Plan. The strategic planning process is an exciting time for many nonprofits because of the potential the plan promises. However, the emphasis should be placed on potential. […]
Cost per outcome: The new crystal ball for nonprofit success
By Erica Crenshaw In Accounting Posted July 3, 2014 0 Comments
Cost per outcome: The new crystal ball for nonprofit success Nonprofits are constantly looking for new ways to demonstrate impact to funders, particularly to foundations that have less to invest and apply increased scrutiny to their grantees. So you can imagine why “How to predict the success of a nonprofit program before it starts” captured […]
Good news for nonprofits seeking operating grants
By Erica Crenshaw In Fundraising Posted July 3, 2014 0 Comments
Good news for nonprofits seeking operating grants Few of us have the chance to ask program officers or foundation board members to tell it like it is. And if they do, how often must their answer be filtered to protect their foundations and positions? If you don’t have a foundation officer you can ask to […]