Numbers vs. strategy: The bane of financial executives
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by Eric Obernauer
Manual, time-consuming reporting necessitated by inefficiencies and lack of process automation topped the frustrations of 600 nonprofit finance leaders responding to a recent survey on technology trends.
It’s a concern because too many of these leaders are bogged down in mundane tasks and minutiae that limit time available for strategic work and planning that their organizations require for long-term success, wrote the authors of the “2023 Nonprofit Technology Trends Report” by enterprise software company Sage.
The finding was underscored by the 71 percent of respondents who said they would like to spend half or more time working on strategy and planning versus the just 34 percent of that group of 71 percent who actually do. Researchers also found that 42 percent of respondents spend 80% or more time on tactical and routine tasks.
“For nonprofit organizations to thrive, especially in times of economic uncertainty, nonprofit executives and finance leaders must allocate more dedicated time to strategic planning,” the authors wrote.
It’s partly for this reason that 72 percent of respondents cited the ability to do automated financial reporting as their top priority, which was up from the 63% who gave the same answer when the survey was last done a year ago. “It’s a theme we’ve seen every year in our conversations with nonprofit leaders, that their biggest frustration is around reporting,” Natalie Anderson, senior nonprofit industry marketing manager at Sage, told The NonProfit Times.
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Growing a nonprofit: Structuring your nonprofit for success
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by Charitable Allies
If your nonprofit is growing and you’re wondering what the best way to structure it to enjoy sustainable growth, our nonprofit lawyers are here to help. Below, we answer some of the most common questions our attorneys get surrounding the topic of expanding a nonprofit organization. From franchises to multi-site churches, Charitable Allies covers a high-level view of the topic. However, keep in mind, this can’t substitute legal advice for your unique situation.
Can nonprofits have franchises? Can nonprofits have affiliates?
If you’re wondering if you can “franchise a nonprofit,” the answer is no, but you can still accomplish your goal. There is a more cost effective and compliant way to go about having other people start different locations of a nonprofit. Create an affiliate model instead. You can still provide training to those affiliates and allow them to use your nonprofit’s name and branding. Some nonprofits with affiliates even keep a record of all their affiliates on their main website to help them reach new people.
Keep in mind, it’s prudent to still have safety and quality standards in place for affiliates to ensure the program is consistent and safe no matter where it’s being offered. We helped Rock Steady Boxing with this challenge and would be happy to advise on creating an affiliate model, and how to ensure standards across affiliates.
How can I structure a nonprofit to have local chapters?
There are a few ways to go about structuring a national nonprofit to have state or local chapters, with pros and cons either way. First, if you’re looking to start a local chapter of an existing organization, reach out to the original organization to learn about the process of doing so.
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Re-released Join Bryan Orander as he speaks with Damian Dunn of Your Money Line about an innovative program to provide on-call financial advice and coaching to employees and increase job satisfaction and retention. The pair also talk about the two student loan forgiveness programs that could benefit nonprofit staff. Listen
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Central Indiana Land Trust, Inc., has promoted Cliff Chapman to president and CEO. Previously, Chapman was executive director. — Indiana Business Journal
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Central Indiana Land Trust, Inc., has promoted Stacy Cachules to COO. Cachules previously was assistant director for the organization. — Indiana Business Journal
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Fay Biccard Glick Neighborhood Center has promoted Nikisha V. Buckner to deputy director. Previously, Bucker was director of business operations for the organization.
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Fay Biccard Glick Neighborhood Center has named Minette Kamara as family success director. Kamara has experience working with children and adults with complex trauma.
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91 Place, a near-east side nonprofit, has purchased Neidhammer Coffee Co. to give youth work experience that can lead to the disruption of generational poverty and chronic homelessness. Read more
LUNA Language Services has announced a new partnership with GLOBO, a technology-focused language solutions company. The partnership, which includes the shared use of a revolutionary cloud-based platform for both onsite and remote language services, will allow the companies to expand language access solutions to clients nationwide.
The Humane Society for Hamilton County received $12,000 from Kroger’s Community Rewards program in 2022 — a fundraising milestone that was recently recognized. Through the program, Kroger shoppers can card link their account to their preferred charity — directing a portion of their transactions to the nonprofit. Learn more
Get on Board is accepting exhibitor applications for its event on June 27. The gathering supports nonprofits’ efforts to recruit board members and volunteers. Last year’s Get on Board event, which is sponsored by Leadership Indianapolis, attracted nearly 90 nonprofits and more than 500 individuals. Get on Board also sponsors informative workshops on June 6 and 13. The exhibition cost is $85. Learn more and apply by June 2.
Northwestern University’s Kellogg School of Management is offering a free comprehensive nonprofit essential management course program. The program, which is fully funded by The Allstate Foundation, includes flexible learning formats for emerging nonprofit leaders and those new to the sector. Learn more
Emergency relief funds are available for Monroe County and Sullivan County, areas that recently experienced damaging tornadoes and severe weather.
Floors for Good, an initiative launched by Floors to Your Home, is accepting nominations from nonprofits that need new flooring and installation. The deadline for nominations is April 14. Nominate
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Evidence-based research for grant proposals workshop on April 12 at 10:30 a.m.-12:30 p.m. at Central Library, 40 E. St. Clair St. Learn about resources for locating data and evidence-based research for your nonprofit organization’s grant proposals and how to answer critical needs statement questions. Presented by the Indianapolis Public Library. Cost: Free. Register
Accelerating your mission with nonprofit financial reporting & dashboards webinar on April 19 from noon-1 p.m. Learn what is driving forward-thinking nonprofits to place a strong emphasis on outcome metrics and how to efficiently access them through real-time reporting and dashboards. Presented by FORVIS. Register
Mental health stigma and the Latinx immigrant community webinar on April 20 at noon. Gain a better understanding of the ways Latinx immigrants cope with acculturative stress and mental health stigma and how to address stigma through mental health promotion and community engagement. Presented by Aspin. Cost: Free. Register
Fearless asking: How to build an individual giving program session on April 22 from 10:30 a.m.- 12:30 p.m. at Central Library, 40 E. St. Clair St. Learn about the current fundraising environment and how to overcome the fears that get in the way of asking for the support your nonprofit needs. Presented by the Indianapolis Public Library. Cost: Free. Register
Shifting Gears: Trends, best practices, and new opportunities in human resources session on April 26 from 10 a.m.-3 p.m. at 13400 Allisonville Road, Fishers. Excelling at human resources can require a complex arrangement of soft skills and policy/legal requirements with board and staff leadership acting in unison. Presented by Indiana Philanthropy Alliance. Cost: Members: $75; non-members $150.00. Register
2023 Higher Education R3 Summit on April 27 from 8:30 a.m.-2:30 p.m. at Marian University. Learn about tax and GAAP updates, ransomware and GLBA considerations, tools for improving enrollment and retention, an institution’s reflections on Name, Image and Likeness, and more. Presented by FORVIS. Cost: Free. Register
Believing in a world of impact through vision, innovation, and transformative faith seminar on April 27 from 6 p.m.-7:30 p.m. at Indiana Historical Society and live streamed. Presented by Lilly Family School of Philanthropy. Cost: Free. Register
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Preparing your board for the next ED/CEO Leadership Transition webinar on April 19 at 11 a.m. As younger leaders replace long-term leaders, we find the commitment is often three to five years. Join Charitable Advisors’ Bryan Orander as he shares his knowledge from over 100 successful nonprofit ED/CEO searches. Whether you are in the midst of a transition or want to be prepared when the next one arrives, this webinar provides invaluable insights. Presented by Charitable Advisors. Cost: Free. Register
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Keep Indianapolis Beautiful is seeking volunteers to support its goal to plant 100,000 large trees in strategic locations. The organization seeks to grow the city’s tree canopy, making Indianapolis a better place to live, work, and play.
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Grant makers are hiring historians and taking other steps to learn whether their founders harmed people or the environment to get rich and then deciding how best to make up for what has caused the problems of today.
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Nonprofits will need to contend with many challenges in 2023, including labor shortages, inflation, donor hesitancy, rising costs, cyber threats, and falling endowments. Check out the trends that will impact nonprofits throughout 2023.
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Our sponsor marketplace serves to further connect our readers with our advertisers who are focused on serving nonprofits. To learn about each sponsor's nonprofit services, click on its logo.
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FUND DEVELOPMENT
STRATEGIC PLANNING
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BANKING/
ASSET MANAGEMENT
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Nonprofit office space in great location (Butler University area)
Indiana Interchurch Center, which is centrally located in Indianapolis at 1100 W. 42nd St., has available office spaces ranging from 200 to 1,600 square feet for 501(c)3 organizations. Free parking, utilities, high-speed internet, and shared meeting rooms are included. The facility is home to a diverse group of nonprofit and church organizations that are making an impact in the community. Contact Kris Keys or call (317) 923-3617.
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Coworking office memberships available (Northwest side)
Enhance your productivity and meet like-minded people at Nexus’ shared coworking space. Nexus offers month-to-month memberships for open desks and dedicated desks. Memberships include meeting room credits, access to high-speed internet, and free printing, and coffee. Besides having a great place to work, you’ll connect with small business owners and nonprofit employees that care about making a positive difference in their communities. Coworking office memberships range from $59/month to $149/month. Learn more
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Executive Leadership (CEO/ED/COO)
Fund Development/Marketing/PR/Advocacy
Admin Support/Clerical
Finance/Accounting/HR/IT/Facility
Controller - Jewish Federation of Greater Indianapolis
Data/Research/Quality Assurance
Programs/Program Support
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