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: Chris Baylis President & CEO, The Sponsorship Collective Events can be great. They can engage your donors, show off your cause, increase revenue and, most important of all (in my highly biased opinion) drive sponsorship dollars. Sponsorship sales can be a major revenue source from events. With a little effort, you can make your next event a sponsor’s dream! MAKE SURE YOUR ATTENDEES LOVE YOUR EVENT What do your attendees have to do with fundraising event sponsorship? Everything. Don’t fool yourself into thinking that the people at your gala are excited about another 30 second speech from a donor or sponsor....
By: Stephanie Nivinskus Founder, SizzleForce If you’re like many non-profits, fourth quarter is when you ramp up your fundraising campaigns. After all, Giving Tuesday, the biggest donation day of the year for many organizations, is right around the corner (November 28th, to be exact.) Knowing this, and the fact that more than 30% of annual giving usually occurs in the month of December, there’s no time like the present to prepare your most irresistible fundraising campaign yet. The problem? You may be planning to do fundraising as usual. And because of that, you may miss out on millions of potential...
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...
