Fiscal Strategies For Nonprofits

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Fiscal Strategies For Nonprofits

  1. 1. Fiscal Strategies for Nonprofits How Community Groups Can Effectively Operate in Today’s Fiscal Environment
  2. 2. What are the top 2 challenges/ concerns facing your nonprofit?
  3. 3. NPCC’s member survey in Summer 2005 showed that 83% had fundraising/funding as a top concern. Top 10 Challenges Facing Members* 83% 1. Funding / Fundraising 2. Board Development / Governance 21% 3. Staffing 17% 4. Growth and Expansion 14% 5. Planning and Capacity Building 10% 6. Marketing and PR 8% 7. Space / Facilities 7% 8. Membership Development / Retention 6% 9. Program Improvement 5% 10. Political / Regulatory Environment 5% * Each respondent was asked to name two.
  4. 4. What goes around… Comes around
  5. 5. Seth Godin’s book, Tribes, challenges the reader to think about whether a small, loyal group (think: funders) is better than a large, diffuse group. What do you think? Seth Godin is the bestselling author of ten books, including The Purple Cow, and Small is the New Big. He writes about marketing, the spread of ideas and managing both customers and employees with respect. Frequently, he includes nonprofit content. First organization to join NPCC with “Councilman Jackson” as the referral -from his website sethgodin.com will receive a copy of this book!
  6. 6. IS BIGGER BETTER?
  7. 7. Too many nonprofits? Also known as, your competition. # of registered nonprofits with IRS Nassau, 5,178 Suffolk, 3,978 Westchester, 4, 305 Queens, 4,656 Bronx, 2,448 Staten Island, 933 Manhattan, 18, 747 Brooklyn, 9,34 0 Total in NYC area: Total in New York State: 49,585 75,783 Source: http://nccsdataweb.urban.org/tablewiz/form.php?st=NY
  8. 8. IRS approved 54,969 new 501(c)3 nonprofit applications in 2008 across the nation.
  9. 9. I won’t even talk of the economy… (You’ve heard it all before)
  10. 10. So, what do we do?
  11. 11. First of all, make sure you file your Form 990 with the IRS! Gross receipts File Form ≤ $25,000 990-N > $25,000 & < $1 million, & 990-EZ or 990 Total assets <$2.5 million ≥ $1 million or 990 Total assets ≥ $2.5 million For 2008 tax year. Filed in 2009 or 2010. Source: www.IRS.gov
  12. 12. About fundraising… Workshop on Fundraising is about   contracts relationships.  NPCC’s GGIS  Get the Board The deeper  involved connection to the donor, the greater the  Individuals continue gifts from that donor. to be the greatest source of giving and opportunity. (GivingUSA)
  13. 13. More about fundraising Get 100% giving Think about local   from Board – Businesses  Ask your Board to – Friends make your nonprofit – Friends of friends (Facebook) one of their top 3 - 5 – Teachers giving priorities – Parents – Who else in neighborhood can become a friend?
  14. 14. Q: What’s better? Receiving a $5,000 grant or Saving $5,000 in expenses?
  15. 15. Look into organizations like NPCC to help cut costs. Use NPCC discount Spend less on   programs (see red administrative costs folders) so more goes to programs.  Attend free workshops throughout NYC (listed at NPCC, Idealist, NYNP)
  16. 16. What about rising health care costs? NYS law prohibits association-type health plans  – nonprofits should NOT want one.  www.healthpass.com  www.freelancersunion.org  Look into employee leasing programs (Research Foundation at CUNY) TASC through American Corporate Benefits  (www.Acbi.com) does offer a discount to NPCC members
  17. 17. Resources for Nonprofits Foundation Center  http://www.foundationcenter.org Capacity Building database  http://www.humaninteract.org/reports/pcbrdatabase.asp Chronicle of Philanthropy  (NPCC discount!) http:///www.philanthropy.com BoardSource  (NPCC discount!) http://www.boardsource.org
  18. 18. Free Legal Resources Lawyers Alliance for New York  www.lawyersalliance.org New York Lawyers for the Public Interest  www.nylpi.org Pro Bono Partnership  www.probonopartnership.org
  19. 19. Free Technology Resources www.grassroots.org  – Free web design & hosting www.nycharities.org OR www.paypal.com for donations  – Free online donation & event registrations www.facebook.com & www.twitter.com  – Free Web tools to promote your nonprofit www.guidestar.org  – Look up any nonprofits’ Form 990 www.techsoup.org  – Software of all kinds for huge discount www.salesforce.com (or www.salesforcefoundation.org)  – Database; nonprofits can receive 10 free licenses
  20. 20. NPCC resources not in packets GGIS  – Service that alerts you of city, state & Fed grant opportunities Who Does What? Database  – Nonprofit technical assistance providers How to Read the Form 990   Salary & Benefits Surveys (need NPCC membership to access)  New York Times Company Nonprofit Excellence Awards
  21. 21. Questions? Craig Weinrich Membership Outreach & IT Director Nonprofit Coordinating Committee of New York (212) 502-4191 ext. 30 cweinrich@npccny.org www.npccny.org Twitter: weinrichc Facebook: become a fan of Nonprofit Coordinating Committee
  22. 22. Thank you! (Join NPCC)

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