April 26, 2015

Financial Management

State Audits on the Way for University Foundations in North Dakota

 

UniversityThe state legislature in North Dakota has redefined the scope of the state auditor to include the ability to audit not only state universities, but also the private foundations that are affiliated with them.

Join the Conversation Read more

Court of Appeals to Directors of Nonprofits: “Nonprofit” Does Not Mean “No Risk for You”

Risk

 

The business judgment rule offers directors some protection, but it is not an all-purpose shield against claims based on dereliction of duty, let alone disloyalty or self-dealing.

 

Join the Conversation Read more

An Unusual Employee Onboarding Requirement—Or Is It?

Holocaust MuseumNonprofits might want to think about this values-laden example of an employee onboarding process and consider what they themselves can do.

Join the Conversation Read more

NeighborWorks Doesn’t Miss a Beat after Unwarranted “Exposé”

 

Crisis FundWhatever came of that scathing Bloomberg News article about NeighborWorks? We can’t find anything, and the NeighborWorks America network is simply plugging along doing what it has always done to rebuild and revitalize urban and rural communities.

Join the Conversation Read more

As FEGS Tries to Transfer Programs, Staff Resign and Costs Mount

NewsPerhaps unsurprisingly, the FEGS bankruptcy appears to be messy and costly despite attempts to control it.

Join the Conversation Read more

For Discussion: Ukrainian Pianist Dropped from Toronto Symphony for “Offensive” Tweets

Toronto Symphony memberIs asking a prominent figure in a public-facing institution to restrain her political tweets legitimate, or a violation of her free speech rights?

Join the Conversation Read more

Timing Could Be Deciding Factor in Sweet Briar Case: Will Court Act Quickly to Prevent Damage?

 

TimeIf the court doesn’t take action on Sweet Briar soon, the whole process may become moot as students and teachers prepare to flee.

Join the Conversation Read more

National Review Magazine Goes Nonprofit to Prepare for Growth

National ReviewDylan Byers of Politico reports that, lured by the potential of tax-deductible donations, the conservative National Review is apparently transitioning to become a nonprofit.

Join the Conversation Read more

A Museum’s Unpaid Pledges Raise Questions on Capital Campaign Preparedness

Royal MuseumThe Royal Ontario Museum has produced a great cautionary tale about the need for clear policies relative to pledges made during capital campaigns.

Join the Conversation Read more

Building a Culture of Philanthropy in Your Organization

HallwayResearch shows that an organization’s culture dramatically affects its effectiveness. Culture is pervasive, affecting all areas of the organization, including fund development.

Join the Conversation Read more

A Radical Proposal to Convert the Assets of Blue Shield of California

MoneyIs another conversion foundation in the works in California with the revocation of Blue Shield’s state tax-exempt status?

Join the Conversation Read more

Loud New Voices Emerge to Protect Quiet Library Spaces

LibrariesLast week, attention was drawn to the precarious place of public libraries in various parts of the country.

Join the Conversation Read more

A “Shark Tank” Competition for Nonprofits Emerges in Boston

SharksIn Boston, venture capitalist Todd Dagres says he is organizing a Shark Tank-style competition for early-stage nonprofits and he’s inviting contestants.

Join the Conversation Read more

Nonprofit Leaders: Optimistic yet Exhausted in Face of “Recovery”

RecoveryA new study indicates that recovery from the recession may not be as quick and complete as nonprofit leaders would like. These leaders retain their optimism, but many feel exhausted and stressed much of the time.

Join the Conversation Read more

Anatomy of a Mega-Nonprofit Headed for Bankruptcy

WarningNew York City is likely to be a source of deep information about what precedes nonprofit failure in the next little bit. The sources will include documents like this affidavit from FEGS.

Join the Conversation Read more

Deep Recession Cuts at State Colleges and Universities Persist

DollarsLast week, Arizona leaders completely eliminated state funding for two of their largest community colleges. These activities follow similar cuts throughout the state higher education system and in college systems across the country.

Join the Conversation Read more

Getting the Most out of Evaluation

DataJust as every nonprofit organization or program is unique, so every evaluation presents its own challenges and opportunities; one size does not fit all.

Join the Conversation Read more

Special HSC Commission Will Autopsy Failures in NYC Human Service Groups

AutopsyThis should be a treasure trove of lessons: an expert group autopsy of a group of high-profile failed organizations in New York.

Join the Conversation Read more

“Just a Volunteer” No Excuse for Fatal Inattention of Board Chair

ResponsibilityA defunct Roxbury community health center owes $760K in fees to the Massachusetts Department of Unemployment Assistance, which is now under the purview of the ex-president of the center’s board.

Join the Conversation Read more

Curating Change: The Merger of Two Historic Women’s Organizations

Nonprofit DeathsThis case study looks at the factors that led up to the International Museum of Women’s (IMOW) decision to merge with the Global Fund for Women (GFW) in March of 2014. If IMOW was so successful in achieving its mission and advancing global gender equity, what events led to its decision to merge?

This mini–case study is part five of a series of studies featured in NPQ’s winter 2014 edition, “Births and Deaths in the Nonprofit Sector.” Click here to read part onepart two, part three and part four.

Join the Conversation Read more

Death by Social Enterprise: The Case of the Missing $19 Million

Missing moneyAn eighty-year-old social service organization announced its closure in January, but what exactly brought it to its knees? A revenue scheme?

Join the Conversation Read more

Frank Music in NYC: A Tiny Cultural Institution Closes for Good

Music notesAnother brick-and-mortar casualty as an era draws to a close with the loss of a historic landmark.

Join the Conversation Read more

Sector Jumping among Higher Ed Institutions Doesn’t Change Their Stripes

 

sector-jumping-masksSome for-profit colleges are eying the nonprofit sector for a better perch, despite the ban on “ownership.” It takes a little financial creativity and a lot of conflicts of interest.

Join the Conversation Read more

Exponent Philanthropy Survey Offers Insights into the World of Small Foundations

ChrystalExponent Philanthropy’s 2015 Foundation Operations and Management Report offers important insights into the world of foundations with only a handful of professional staff—or none at all.

Join the Conversation Read more

Chicago’s “Fiscal Free Fall” Worsens: Bond Rating Downgraded

ChicagoLast year, it was Detroit and Sacramento going bankrupt. Will Chicago follow?

Join the Conversation Read more

Heads Up, Boards! Even the Most Trusted Managers Don’t Warrant Blind Faith

NewsOrganizations that neglect their financial checks and balances because they trust the staff are being unfair to everyone involved, including staff.

Join the Conversation Read more

Line of Credit Blues: PA County Cash Flow Crunch Hurts Local Nonprofits

Cash FlowWhat to do when your major source of revenue won’t pay on time? This agency paid almost $10,000 in interest for a line of credit while the county withholds payment to deal with its cash flow.

Join the Conversation Read more

Changing the Game: How to Make Your Human Service Organization a Powerful Policy Advocate

GamesBuilding your organization’s advocacy power pays off in many ways. Find out here how one mental health agency embraced the task full-on.

Join the Conversation Read more

How to “Manage” in Chaos

RuthI want to call people’s attention to the fact that in every story of a management fiasco, there are artifacts that you can point to—odd details that reflect the whole gestalt.

Join the Conversation Read more

Another Clinic, Another Unmet Payroll, Another Set of Patients Abruptly Informed of a Closing

ClosingA mental health services nonprofit in Austin, MN, closed Friday, joining several other clinics across the country. Is this an emerging pattern?

Join the Conversation Read more

More Articles...