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How can nonprofits adopt social enterprise strategies to create sustainable revenue streams?

ASU Lodestar Center

Organizations that rely on donations and grants for funding are being forced to look at their revenue portfolios and determine whether their revenue streams will be sustainable in the foreseeable future. The pandemic has impacted unemployment rates, thereby limiting household income available for donations to charity.

Stream 52
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How can nonprofits strategically implement digital tools to achieve impact?

ASU Lodestar Center

pandemics, climate change, economic variations, and donation ups and downs) should be assumed as inevitable future dynamics. Josh Haynes is a graduate of the Master of Nonprofit Leadership and Management program at Arizona State University. Not surprisingly, those that did have a digital strategy have done far better.

Digital 98
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Goal Setting for Your Nonprofit

ASU Lodestar Center

July 1 represents a new fiscal year for many nonprofits, a time to review programs and previous goals to be sure they’re aligned with the mission and to establish new benchmarks. That’s why we recommend reviewing the mission, to be sure goals are aligned with the overall purpose of the organization. What are long-term goals?

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How to effectively communicate impact to nonprofit stakeholders

ASU Lodestar Center

As nonprofits rely heavily on donors to provide their revenue, the question becomes, how do prospects determine an organization’s donation-worthiness? Studies show that donors ask less about where their money is spent and more about the impact their donation is making. What criteria do they use to make these decisions?

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Recommendations for nonprofits to leverage technology

ASU Lodestar Center

While the majority of nonprofits are using technology to increase donations, it is not always being utilized efficiently and successfully. Meaning that donations are not large in dollar amount, but they are large in quantity of donations obtained. Review resources being provided to individual fundraisers.

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How Can Nonprofits Make the Most of Overhead Funds?

ASU Lodestar Center

The higher the level of overhead associated with a donation to charity…the lower the percentage of participants who chose to donate to it.” Stanford Social Innovation Review – Stanford Nonprofit Management Institute, 1-2. Anna is the Comptroller at Critical Path Institute, a nonprofit organization in Tucson, Arizona.

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Why the new revenue recognition and nonprofit standards are significant for nonprofits

ASU Lodestar Center

For the general public, the designation “nonprofit” is often correlated with donations. Nonprofit entities will now be required to review the terms of all their contracts to determine whether they need to apply the new revenue recognition standard. You must perform an analysis by reviewing the contract terms to make this determination.