We love being a B Corp. Sharing in a community passionate about making the world a better place inspires us to do the best we can to do the same. B Corp companies commit to a higher standard of social and environmental performance, transparency, and accountability. With the season of gift giving right around the corner, we've decided to give some props to B Corps that allow you to do good while giving things people will love.
We’ve forded the depths of the internet to find 5 great articles that you and your nonprofit can benefit from reading. A Graphic Re-visioning of Nonprofit Overhead Nonprofit Quarterly addresses the fact that the nonprofit community has yet to develop a simple, consistent message to share with their audience when it comes to overhead. Instead of using dated terms, they have imagined a visual blog that depicts their understanding of nonprofit structure, and how programs shape the overhead debate.
You know better than most that charitable organizations are often stretched to their limit. That time is precious, and there never seems to be enough of it. Outsourcing can be a real solution for your time deficiencies. By outsourcing some of your specialized operations you can free up some of your time, allowing you to devote more to your mission. It’s a simple solution, but also one that involves a great deal of research.
What it is Fiscal sponsorship really began in 2012, when the IRS was inundated with requests for tax exempt statuses by newly formed nonprofits. A fiscal sponsor (sponsor) is a non-profit organization that shares its corporate and 501c3 tax-exempt status with another charitable group (project). The sponsor accepts all financial and legal liabilities for the project. How it works 1. An already-established 501c3 nonprofit agrees to sponsor a project.
1. Nonprofits shouldn’t make money We’ve discussed this one before, and yet it comes up time and again. Nonprofits are like any other business, if they don’t make money they will be unable to sustain their mission or stay in business. As long as the profits are used to benefit the organization and further its mission, profit is not only allowed but essential for survival. Whether a non-profit makes a profit or not in any given year, there will still be financial activity.