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Turning Tax Season Tears Into Cheers: Your Chance To Cultivate Donors

Bloomerang

As 2023 has drawn to a close, tax season looms on the horizon, and we nonprofits gear up for a unique opportunity—issuing tax summaries to our donors. Bloomerang refers to them as tax summaries—which they are—but they also summarize each donor’s cumulative giving. What are tax summaries? Allow me to explain.

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Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

The Statement of Activities—commonly referred to as an SOA—is one of four essential financial statements for nonprofit organizations. How to Avoid: To avoid this mistake, organizations must develop robust systems for tracking and reporting on restricted versus unrestricted funds.

professionals

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What are Donor Impact Reports?

Whole Whale

A short summary from the CEO and/or any key officers. Updated snapshot of the current year’s target and how the impact is tracking toward the goal. Program summary of what is going well and where the nonprofit is focusing to improve. Email summaries with attached graphics to make it easy to digest. Podcast format.

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How to Retain Your Year-End Donors

Neon CRM

The Donor Retention Rate Formula If donor retention is a priority for you, it’s important to know how to calculate and track your donor retention rate. Keep this formula handy—you’ll want to periodically calculate your donor retention rate to make sure you’re on track. Let’s take a look. Make the most of these receipts!

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The Ultimate Nonprofit RFP Guide

Whole Whale

We recommend creating an excel doc to track the bids and give grades across desired criteria for each vendor. Purpose Overview: Purpose and objectives with summary statement of what you’re looking to do. Internal evaluation Create clear guidelines for your project and try to rank the proposals across different attributes.

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The Better FAFSA: What Colleges Need to Know Right Now

sgEngage

Referred to as “The Better FAFSA,” the new process promises greater transparency, including better visibility into potential Pell Grant eligibility. Video from FSA FAFSA Simplification Act Changes – Summary from FSA Top 5 Improvements Coming with the Better FAFSA from the National College Attainment Network What has not improved?

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3 Strategies To Elevate Your Association’s Impact in the New Year

Association Analytics

Get more serious and practical about AI Much of the work around AI these days is what we’d refer to as ad hoc. AI can be used for brainstorming, content creation and ideation, event planning, content translations, data analysis, topic modeling, summary creation, and as chatbots or virtual assistants. With all these uses (and more!)

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