Almost all nonprofit organizations have a finance committee and most mid to large size nonprofit organizations have an audit committee. However, for most nonprofit organizations, these two very important committees exist in name only with little to no “Thoughtful Structure” or working rules to guide them. Enhancing and empowering these committees with a “Strong Sense […]
Discover the Many Fiscal and Financial Benefits of Embracing Transparency
A common thread among high-performing nonprofit organizations is having a culture of embracing transparency. You can feel it from the moment you walk in the room. It will be fully on display through comportment at board meetings, how the organization generally conducts business, how staff and management carry themselves and, most importantly, how it is […]
Creating a Culture of Projections: The Many Benefits of Looking Ahead (Part II)
Consider each of these three factors and the important role they play when creating a culture of projections. Factor 1: Create Effective Budget Systems that Support Program and Project Managers In continuing to explore creating a culture of projections, you must first remember that the most effective budget systems are designed to support the program […]
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