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Six key areas your association should identify to improve member engagement scoring

Nimble AMS

TECH TIP: Improve member engagement scoring at your association by adopting Nimble AMS and utilizing the committee leadership function to document member participation and easily organize constituent groups for reporting purposes. To determine value, reflect on membership duration and a member’s service in committee leadership. .

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It’s Giving Season. Here’s how to donate wisely.

Candid

Contrary to popular assumption, these indicators can give you a fuller picture of an organization’s performance than just focusing on what percentage of its budget is dedicated to overhead costs (also known as overhead ratio). Additionally, you can visit a nonprofit’s website and read its annual report to find this information.

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7 Step Policy Guide for Creating Operating Reserves

sgEngage

Development: The designated members of the finance committee and staff should review other policy examples, references, and tools for establishing an operating reserve and determining the reserve ratio that makes sense for your organization. Outline how this will be documented and what the approval process will be.

Policy 71
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Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

As a CPA working with nonprofits of all sizes, I’ve encountered numerous errors in Board of Directors’ financial reports and Statements of Activities documents. Without that, the SOA can misrepresent the financial health of the organization and lead to future funding issues.

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How can nonprofits acquire skilled talent to better achieve their mission?

ASU Lodestar Center

Overhead ratio” refers to the amount of money a nonprofit spends on its mission vs. money spent on overhead costs. Furthermore, the pressure created from unrealistic operation expectations cause underreporting and falsified financial documents. Organizations that provide a suitable work environment typically attract better candidates.

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Ask A Nonprofit Specialist - Engaging the Board in Financial Reports

ASU Lodestar Center

Focus Attention on Critical Factors by Using Ratios, Dashboards and Other Strategies. Many ratios and other information can be derived from financial documents that are useful to interpretation. The Nonprofits Assistance Fund has a great resource that describes 14 different types of financial ratios.

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8 Event Budgeting Tips Every Event Planner Should Know

AccelEvents

If you’ve run a similar event in the past, then you have some sense of expense ratios and trends. Keep Your Event Budgeting Initiatives Documented And Expenses Organized. As you move through the event budget, be sure to keep all your receipts, document the expenses coming in regularly and any known, large costs coming in later.

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