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Seven Things You Need To Know Before You Become A Member Of A Nonprofit Board
Congratulations! You have been asked to join a nonprofit Board of Trustees. That is certainly an honor, but it comes with many caveats and responsibilities you should know before you accept. You should know that beyond the demands on your time, there may

Outreach Intent: The Key To Fundraising Through Your Website
While it's true that your website is the information center for your organization, and the way you let the world know about your programs and efforts, you may be missing out on one of the most powerful fundraising opportunities available.

Archive for January, 2008

How to Talk About Finances So Non-Financial Folks Will Listen

Thursday, January 10th, 2008

A really interesting and topical article from Bridgestar tackles the challenges of getting everyone in the organization to grasp its financial workings.

A worthwhile read (registration required).

How to Talk About Finances So Non-Financial Folks Will Listen
Nonprofit staff members almost universally understand the importance of achieving the mission of the organization and are trained in delivering direct services such as feeding the hungry, educating low-income children, or advocating for a more sustainable environment. However, many of these individuals, while highly skilled in a particular program area, do not have a lot of training and experience in working with financial data. Understandably, when prioritizing their work, nonprofit line managers will often choose to spend their time feeding the hungry over examining numbers on a departmental budget spreadsheet.

The challenge and opportunity for the nonprofit chief financial officer (CFO) is to learn how to make numbers come alive for those on the frontline of the organization, and help them embrace numbers as a critical step on the path to achieving the mission of the organization. The following are ideas and advice from a variety of CFOs of nonprofit organizations and technical assistance providers on how to talk about finances so non-financial management and staff will listen. The summary is: It’s not easy, but with some creativity and perseverance it is possible to get people to understand and to care about the numbers.