One often hears criticisms of nonprofit boards, which usually don’t take into account the many hats board members are expected to wear and all the good work that they do as volunteers. Seasoned nonprofit board leader Jacqueline Rixen shares her insights into governing a nonprofit board.
Cash reserves key for nonprofit survival
Cash reserves are key for nonprofit survival. They are essential for assessing and ensuring the long-term sustainability of a nonprofit. The Board is responsible for agreeing a reserve amount and including it in the financial policies. Tracking where the organization is in relation to the funds can literally mean the difference between catching financial crisis […]
Former Board Members – Hidden Assets
Former board members are hidden assets in plain sight! They typically have a wealth of knowledge, experience and a passion for your mission and can be powerful contributors in strengthening your organization for years to come. Capitalize on their value by intentionally keeping them involved in whichever way works for them and your organization.
Strategic thinking crucial in these uncertain times
Strategic thinking is even more crucial in these uncertain times. There are some immediate questions for an organization’s board and executive staff to be asking now, the most important of which in my view is “So What?” If you can’t answer “so what?”, leaders need to go back to the drawing board.
An imposter’s confession
Hi, my name is Jane Baxter Lynn and I have (or suffer from) imposter syndrome. It is a real thing. Why do you care? Because many of you may be challenged by this feeling of not being enough, of guilt for being too much, or simply inadequacy, without understanding why.
Beyond Belt Tightening Part 3 – Strategic Investing
Many nonprofits are busier than ever as they respond to Covid-19 but don’t necessarily have the strategic tools in place to deal with the enforced change. Those that take extra time to respond strategically will come out stronger on the other side.