By: Melissa Lagowski CEO/Founder/Queen Bee Big Buzz Idea Group Does your organization have a reserve fund? According to an annual survey conducted by the National Council of Nonprofits, less than 25% of the survey participants had six months of reserves. The majority had less than three months of operating reserves, and 10% had less than 30 days cash on hand. Many nonprofit organizations have budgets that have them eking through the year with a minimal surplus or worse yet, a financial loss. Why any board member would disregard fiduciary responsibilities and approve a negative budget is beyond me, but that...
By: Melissa Lagowski Founder, CEO and Queen Bee, Big Buzz Idea Group With Thanksgiving upon us, it seems like everyone is talking about gratitude. (To be fair, it's always top of mind around here-gratitude is one of our core values at Big Buzz!) Is there anything better than feeling appreciated? For nonprofits, acknowledging the contributions of those people directly tied to your organization is important. A simple, inspirational gesture of appreciation cultivates a sense of community, generosity and support for your mission. WHO to Thank Think about all of the people who are a part of your organization. They keep...
By: Melissa Lagowski Founder, CEO and Queen Bee, Big Buzz Idea Group “Insanity: Doing the same thing over and over again and expecting different results.” ~Albert Einstein Do you feel like your organization is in a rut? Does it seem like no matter what you do, your budget hasn’t seen growth and programs don’t expand as you had anticipated? Are you still struggling with staffing shortages or failing to fill those seats on the Board with engaged leaders? It is not uncommon for nonprofit organizations to rollover their same plan from year to year, but the reality is that if you...
By: Melissa Lagowski President, Founder and Queen Bee, Big Buzz Idea Group When I first became an Executive Director, I was so excited! I couldn’t wait to roll up my sleeves and dig into the work to make my organization and the community prosper and thrive. But it didn’t take long to realize that running an organization as a team of one was exhausting, though I couldn’t fully understand why the task seemed so daunting. After many years, as I reflect on my first nonprofit role, it now seems so clear: executive directors are expected to wear many hats. How...
By Guest Blogger: Sherry Quam Taylor Consultant, QuamTaylor LLC Nonprofit organizations are often staffed with sacrificial leaders striving hard toward achieving admirable missions, full of passion and great ideas to make an even greater impact in the world. At the same time, many are struggling to grow beyond their initial successes. Research indicates that 74% of the 1.4 million charitable organizations registered in the U.S. never reach the $500,000 mark in revenue, and most of these never hire more than five employees (Source: Urban Institute’s Center on Nonprofits and Philanthropy). This begs the question: Why is the $500,000 mark such...
