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Tag Archives: Michelle M. Cain

Keeping Your Balance: Is it OK for nonprofits to generate a profit?

KYB_CAIN

Nonprofit organizations are structured to accomplish a mission. While nonprofit organizations may have a social purpose, they are, by definition, businesses that need to focus on profitability to further their mission. Like their for-profit brethren, they must have sound governance ...

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Keeping Your Balance: Every obstacle presents an opportunity

A nonprofit’s infrastructure is often complex and vulnerable to conflict, or even crisis, if not diligently self-monitored by the board and executive leadership. Below are two examples of organizations that found themselves at challenging crossroads. Example A: An extremely competent ...

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Keeping Your Balance: Nonprofits should prepare to manage transformational change

KYB_CAIN

Most nonprofit organizations will encounter leadership transformation at some point. Transition, whether it be the evolution of mission or executive departures, is inevitable. There are times when the board must make challenging decisions and protect the organization from financial and ...

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Keeping Your Balance: Liquidity – what it means for not-for-profits

Cain,-Michelle-FEAT

Liquidity is crucial for not-for-profit entities to have the right amount of liquid and non-liquid resources available when needed to accomplish an organization’s mission. Defining liquidity Liquidity is a multifaceted concept that encompasses many different meanings. Liquidity is typically defined ...

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Keeping your balance: Social media and tax implications for nonprofits

More and more nonprofits actively participate on social media channels to get in front of potential donors. I’m sure you’ve heard of success stories such as the ALS Association’s Ice Bucket Challenge. U.S. nonprofits saw 37 percent growth in followers ...

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Keeping Your Balance: Uniform grant guidance (supercircular): subrecipient monitoring

The federal government places many requirements on entities that receive government funding. In December 2013, the Office of Management and Budget effectively consolidated and streamlined these administrative requirements for not-for-profit entities into what has been referred to as the “Uniform ...

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