In a recent survey of nonprofit leaders about earned revenue, 17 percent said understanding the risks and legal issues was important to them. To clear up confusion and provide insights, I turned to my friend and colleague, nonprofit attorney Morgen Cheshire and founder of Cheshire Law Group in Philadelphia to guide us.
An important member of your advisory team on earned revenue is your accountant or auditor whose ideas and counsel can save you surprises at tax time. For insights about tax and other planning issues, Gail Bower turned to colleague Bruce W. Braunewell, Principal at CliftonLarsonAllen LLP.
Hundreds of nonprofit leaders across the country shared important questions they had about earned revenue and how this source could be of benefit to their organizations, supplementing less reliable philanthropic revenue. During a webinar on earned revenue I presented last week, I answered many of these questions, but there were still lots of good ones that remained unanswered. This post, along with a Guide to Earned Income I compiled, attempts to answer more.
Q&A with M&A Specialist Kevin Fee. A topic on many nonprofit executive and board members’ minds in recent years is mergers. The decision to strategically consolidate operations with another organization’s and become one organization can be advantageous. I interviewed Kevin Fee who represents human services organizations in mergers and acquisitions to give us an inside scoop.
In honor of International Women’s Day, consider the rich, resonant sound we make when diversity of gender, age, ethnicity, and perspective is part of our lives, communities, and workplaces.