Fiscal Strategies For Nonprofits

How Community Groups Can Effectively Operate in Today’s

Fiscal Environment

Fiscal Strategies for Nonprofits

What are the top 2 challenges/ concerns facing

your nonprofit?

NPCC’s member survey in Summer 2005 showed that 83% had fundraising/funding as a top concern.

Top 10 Challenges Facing Members*

1. Funding / Fundraising 83%

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.

What goes around…

Comes around

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.

-from his website sethgodin.com

First organization to join NPCC with “Councilman Jackson” as the referral will receive a copy of this book!

BIGGER

IS

BETTER?

Too many nonprofits?Also known as, your competition.

Bronx; 2,448

Brooklyn; 9,340Manhat-

tan; 18,747

Staten Island; 933

Queens; 4,656

Nassau; 5,178 Suffolk; 3,978Westchester;

4,305

# of registered nonprofits with IRS

Total in NYC area:49,585

Total in New York State:75,783

Source: http://nccsdataweb.urban.org/tablewiz/form.php?st=NY

IRS approved 54,969 new 501(c)3

nonprofit applications in 2008 across the

nation.

I won’t even talk of the economy…(You’ve heard it all before)

So, what do we do?

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, & Total assets <$2.5 million

990-EZ or 990

≥ $1 million or Total assets ≥ $2.5 million

990

Source: www.IRS.gov

For 2008 tax year. Filed in 2009 or 2010.

About fundraising…

Workshop on contracts

NPCC’s GGIS Get the Board

involved Individuals

continue to be the greatest source of giving and opportunity. (GivingUSA)

Fundraising is about relationships.

The deeper connection to the donor, the greater the gifts from that donor.

More about fundraising

Get 100% giving from Board

Ask your Board to make your nonprofit one of their top 3 - 5 giving priorities

Think about local– Businesses– Friends– Friends of friends

(Facebook)– Teachers– Parents– Who else in

neighborhood can become a friend?

Q: What’s better?

Receiving a $5,000 grantor

Saving $5,000 in expenses?

Look into organizations like NPCC to help cut costs.

Use NPCC discount programs (see red folders)

Attend free workshops throughout NYC (listed at NPCC, Idealist, NYNP)

Spend less on administrative costs so more goes to programs.

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

Resources for Nonprofits

Foundation Center http://www.foundationcenter.org

Capacity Building databasehttp://www.humaninteract.org/reports/pcbrdatabase.asp

Chronicle of Philanthropy (NPCC discount!)

http:///www.philanthropy.com

BoardSource (NPCC discount!)

http://www.boardsource.org

Free Legal Resources

Lawyers Alliance for New Yorkwww.lawyersalliance.org

New York Lawyers for the Public Interestwww.nylpi.org

Pro Bono Partnershipwww.probonopartnership.org

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

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

Questions?

Craig WeinrichMembership Outreach & IT Director

Nonprofit Coordinating Committee of New York(212) 502-4191 ext. [email protected]

www.npccny.orgTwitter: weinrichc

Facebook: become a fan of Nonprofit Coordinating Committee

Thank you!

(Join NPCC)