Developing a sound budget that provides the Board and Executive team the key information for Planned (based on the budget prepared at the beginning of the year) vs. Actual (what is actually spent per category on a weekly or monthly basis) is critical to the success of a nonprofit. Grantspace, a service of Foundation Center, provides an excellent collection of information and tools for nonprofit budgeting. Project Budget All budgets have two common elements: your estimate of the true costs of the project and your anticipated income to meet those costs. Your expenses will be direct costs—any personnel and non-personnel […]
Monthly Archives: April 2017
Exploring Success Strategies for Nonprofit Mergers
The number of US nonprofits actually grew 7 percent between 2007 and 2011 to 1.58 million, an average of nearly 40 nonprofits per US zip code. But the rate of mergers in the nonprofit sector has remained flat. This is unfortunate. Mergers can make good sense for many nonprofit organizations. But there are challenges on the way to achieving success. Below is a checklist from some of the best of the “nonprofit merger” literature to help Boards and Executives get started thinking about this opportunity. Nonprofit Mergers Most Likely to Succeed Done for strategic reasons Combining separate competencies Joining contiguous or related […]
IES Helps MetroWest & CAN-DO Nonprofits to Merge
Nonprofits Announce Merge to Better Meet Affordable Housing Needs Long-time Newton-based nonprofit Citizens for Affordable Housing in Newton Development Organization (CAN-DO) announces its affiliation, as of January 1, with Metro West Collaborative Development, Inc., also of Newton. Both organizations say that their affiliation move will help grow and support affordable housing in the area. On February 1 Metro West will take over management of the CAN-DO properties through its offices on Chapel Street in Newton. “CAN-DO was attracted to becoming an organization with a more diverse collection of income sources and the opportunity of working in numerous towns said Susan Davidoff, […]