Jennifer E Goldman, Nonprofit Consultant

Somewhere in time it became standard practice for nonprofit organizations to plan a balanced budget for their upcoming fiscal year. I don’t know where that came from, but can we please send it back? Ask any small business owner and they will tell you that the bottom line matters. They’re looking to be profitable in their year. They want their budget to indicate sustainability and growth. They’re ok with expenses going up as long as income increases even more. I encourage nonprofit organizations to adopt this mindset as well. How will your nonprofit be able to serve your community next year if you aren’t making money? Your annual budget should be a reflection of your growth plans, your program development , and the increased impact you plan to make in your community. Here are a few examples of things I encourage you to STOP doing to your nonprofit budget: ·         Stop purposely making your income and expenses equal – for two basic reasons. If y...

And start funding planning for your programs, your overhead, your growth. When I was the Executive Director of a small nonprofit, I can remember feeling like I spent all of my time either fundraising through special events or running the special events. We needed the event to add money to our bank account to keep us afloat until the next special event. Essentially, each event was paying for the overhead and event expenses. It was a vicious (and exhausting) cycle. I’ve been working on two basic things with my clients recently: Proving your value by showing the impact your organization has on its community Raising the funds you need to sustain and grow your nonprofit in a way that allows you to focus on your mission and your programs. By fundraising through events, nonprofits are rarely introducing people to their organization, their mission, their impact and importance. It’s the equivalent of a retail shop having a sale or hosting a pop-up. You may get a bunch of people excite...

When was the last time you got an appeal letter at home that included a self-addressed, stamped envelope...so you ran for your checkbook? I can’t remember either. It may have been enough to get you bonus donors back in our mothers’ day, but today the extra money spent on double the envelopes and double the postage is just an added expense to an already low-netting fundraiser. On average, fundraising appeal letters see a return of around 5%. That’s not a lot. To put it into perspective, here’s a little math I did for you. You’re welcome ;)      100 = number of letters you sent out          5 = the number of donations you receive If your ask in the letter was $100, then you may (or may not) have grossed $500 for that fundraiser. Total. And here’s likely what you spent on this “fundraiser”: 5-10 hours of your time creating, composing, collating, and mailing out – if you make $30/hour that’s $150 - $300 of your time $126 on posta...

  Many nonprofits struggle with fundraising . I see several of them addressing funding concerns by adding events to their already busy calendars. And I get it. An overwhelming majority of people aren’t comfortable with asking for money. It may seem easier to raise funds through ticket sales, silent auctions or cash bars. But in reality it takes a lot more time (not to mention energy) – from your staff and your volunteers. I’d like to help organizations be more comfortable with asking for money. It ties into my 2023 theme of value proposition . It’s easier to ask for money when you believe in yourself and you believe in what you’re asking money for. See and feel the value of yourself and what you bring to the table as well as your organization, your programs, your projects and the level of service that you bring to your community. The first step, in my mind, is to realize (visualize) your own strengths and assets. We all have different personalities, different attitudes, different ...

Have you ever been invited to an event coordinated by a nonprofit organization and thought, "That's strange. Why would  they  be hosting something like  this?"  If so, then chances are that the organization didn't think about their mission when they planned the event. There's no alignment there.  The main concern with events that don’t align with an organization’s mission is that it dilutes the understanding of what that nonprofit was set up to do. It’s Branding 101 – be consistent in your messaging. Always. I’ve seen private schools who boast instilling education, values, and citizenship for its students and then hosts a Monte Carlo Night with cigars, booze and gambling. I’ve seen historic preservation organizations coordinating Halloween parades for children. I’ve seen community small business support organizations create a haunted forest event out in the middle of nowhere. The allure for nonprofits is the idea that creating super big, fun events will give the...

I’m blaming it on summer fun! I’ve been teasing you about the eBook on events that I’m putting together...and it’s not finished yet. :(  So to help ease the pain, I’m going to give you a fun, outside-the-box idea that I’ve come up with that can be a great supplement – or maybe even a substitution - for your nonprofit fundraiser ticketed event. In all honesty, I didn’t invent this – it’s an idea that I heard of several years ago that I believe should become a bigger idea, so I’m adding a new level to it. Back in the day, I caught wind of an organization holding a “plateless” dinner. And, wow, was I jealous! Here I was running around like a chicken with my head cut off organizing a black-tie fundraiser gala - spending more and more hours of my week on just this one thing as the end of September neared – while some genius was raking in the money and planning nothing!? To explain further, the plateless dinner was a fundraiser for this particular nonprofit organization. They sent out fa...

Funding Planning seems to be on a LOT of minds right now. Perhaps you're feeling a bit squeezed dry from all we've been through in the past 2.5 years. Maybe it's just a 'holy moly the new fiscal year is starting...NOW!' bit of anxiety. Whatever the reason, if you're stressing about moolah, here are a few things you can do to get yourself a bit more organized and ready to make money this fiscal year: Determine your income goal for the next fiscal year and compare it to what the organization brought in last fiscal year. What's the difference? Talk to board members and current funders about possible ways to bridge that gap. Make a list of funding you know is guaranteed this fiscal year. Make a list of current income streams that you feel you can increase this year. Dust off last year's donor solicitation letter, update it with juicy data and stories of success and compelling statements about your new plans. Send the new draft of your letter to your board an...

The most common question I get from nonprofit leaders when they hear about my business is “Do you do grant writing?” I used to say yes, but then the conversation typically continued like this: Nonprofit: Great! There’s a grant we’d like to go after and applications are due in two weeks. Me: Ok. Tell me about the program this grant will be funding. Nonprofit: {crickets} Me: Ok. Then tell me what you’d like to use the grant money for. Nonprofit: General operations. Me: Did you read through the grant to see if they allow for their funds to be used that way? Most don’t allow for use of funds to pay for payroll, rent and other operational expenses. Nonprofit: {crickets} Me: I could help you try to find funding to help with specific programs that you have, or even see if we can find a funder who has a particular interest in helping nonprofits with a mission like yours who will allow funds to be used for operational funds. What is your budget? Nonprofit: How much can you get us? And it’s ok i...