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 […]
A charity’s financial management starts in the home
A charity’s financial management starts in the home April is financial literacy month so it’s the perfect time to reflect on how much Americans know about their finances. As you can imagine, this knowledge translates directly to your ability to exercise proactive financial habits at the nonprofits you manage. Some of the statistics I’ll explore […]
Lessons Learned From Fallen Nonprofits
By Erica Crenshaw In Financial Leadership Posted January 22, 2014 0 Comments
Lesson learned: A reflection of nonprofits in 2013 There were pivotal moments during the last decade when the board should have made different, tougher decisions but didn’t,” explained Stephen Saunders, former director of the Hull House. As I’ve shared in prior posts and in my Monday radio segments, the Hull House is emblematic of so […]
Great Financial Management
By Erica Crenshaw In Financial Leadership Posted December 24, 2013 0 Comments
Great financial management: the road to smart growth Christy Ross is like so many of us who are drawn to the nonprofit sector. A connection to something greater than ourselves is what spurs us on every day. Ross was compelled to apply for her new position because she wanted to be part of the incredibly […]
Part II Millions diverted from nonprofit coffers
By Erica Crenshaw In Financial Leadership Posted December 3, 2013 0 Comments
Part II: Millions diverted from nonprofit coffers In my last post, I introduced a heartbreaking article in The Washington Post, “Inside the hidden world of thefts, scams, and phantom purchases at the nation’s nonprofits.” According to The Post, more than 1,000 nonprofits that filed 990 tax forms between 2008 and 2012 checked the box indicating […]
Historical organization goes from relic to rejuvenation
By Erica Crenshaw In Financial Leadership Posted November 19, 2013 0 Comments
The NAACP: from relic to rejuvenation It’s hard not to marvel at the transformation that has taken place within the NAACP over the last five years under the direction of Benjamin Todd Jealous, a 40-year-old Columbia University graduate who has grassroots advocacy experience, knowledge of the news media and an impressive track record for collaborating […]
Part I_ Millions diverted from nonprofit coffers
By Erica Crenshaw In Financial Leadership Posted November 19, 2013 0 Comments
Heartbreaking is the word I would use to describe this article, “Inside the hidden world of thefts, scams, and phantom purchases at the nation’s nonprofits,” in The Washington Post. I decided to tackle this article through a two part series. The first part is more obvious, which is the lack of oversight within the nonprofit […]
Why does this tough decision demonstrate good judgment
By Erica Crenshaw In Financial Leadership Posted September 5, 2013 0 Comments
Why does this tough decision demonstrate good judgment? The signature nonprofit newscast, “PBS NewsHour,” announced it would be cutting staff this week to compensate for a drop in corporate sponsors. It will eliminate the “noncritical production positions” in San Francisco and Denver and save more money by leaving open positions unfilled and streamlining technical operations. […]