By: Melissa Lagowski Founder, CEO and Queen Bee, Big Buzz Idea Group It happened again last week. A nonprofit organization called to discuss their annual gala, describing how much money they want to raise while lamenting that they have no budget to hire a planner to assist them. Shortest conversation ever. They’re married to this event, though, so who will they find to do the work, and does that appear in the event budget? If they don’t outsource, then they self-produce, which comes at a cost. And staffing costs are a line item expense, so if they aren’t even identified, then...
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...
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