Are you in the year-end fundraising time crunch? The end of the year is often one of the busiest times for nonprofits, with teams hustling to achieve their year-end fundraising goals. That’s why I am so excited to have a special guest and fundraising expert, Morgan Gross in this podcast episode. 

Morgan shares how she’s helped nonprofits achieve their fundraising goals and expand their reach internationally. She also shares with us what strategies she’s used to achieve these goals like leveraging the power of technology, utilizing peer-to-peer fundraising techniques, and navigating the fine line of ethical storytelling. Morgan gives listeners creative ideas for not only engaging donors but also educating them, furthering fundraising impact. If you’re a nonprofit leader looking to meet your year-end fundraising goals, then this episode is for you. 

About Morgan Gross

Morgan is the founder and CEO of Fundraising Beyond Borders. Her mission is to help international nonprofits fundraise with confidence. She works with organizations to give them the strategies to succeed so that they can continue making the world a better place. 

She co-founded her first nonprofit in 2014 and has years of experience building from the ground up. After traveling and creating award-winning fundraising campaigns across East and Southern Africa, she learned the success of international nonprofits lies in a customized fundraising plan, realistic fundraising goals, targeted messaging, and global donor engagement techniques. Years later, she’s now dedicated to coaching individuals and groups that strive to make a material impact on causes they love. 

Read the podcast transcript here.

Episode Summary

In today’s episode, you’ll learn strategies for meeting your year-end fundraising goals and expanding your reach internationally, like:

•Focusing on the power of storytelling (8:10)

•Conducting international fundraising campaigns (10:00)

•The power of technology (11:20)

•Leveraging peer-to-peer fundraising (13:10)

•Why you need a donor management system (15:25)

•Tweaking your storytelling methods to speak to your different audiences (19:00)

•Navigating the fine line of ethical storytelling (22:30)

•Perspective on the future of the nonprofit sector (24:35)

•Creative methods for engaging donors (27:00)

•Educating your donors (30:00)

Teasers

“The power of peer-to-peer fundraising is incredible.”

“You have to do a ton of research on that and figure out who your donors are, who and who your ideal donor is. In regards to storytelling, that is so crucial.”

“We may need a different message for different people on our list at different times.”

“How are we actually engaging our donors? …Yes, it’s communication, but it’s also education. How are we educating our donors? And also, how are we making a community and providing a community for our donors to get engaged?”

Resources

Visit Fundraising Beyond Borders website: www.fundraisingbeyondborders.com 

Connect with Morgan on LinkedIn: https://www.linkedin.com/in/morgan-ann-gross/ 

Follow Fundraising Beyond Borders on Facebook, Instagram, LinkedIn, YouTube, and TikTok

FREE Cash Flow Template: https://100degreesconsulting.com/cash 

Keep up to date with the podcast: @100degreesconsulting

Follow Stephanie on Instagram: @stephanie.skry/ 

Connect with Stephanie on LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/ 

Visit the podcast page: https://100degreesconsulting.com/leveraging-consultants 

Want more of the podcast?

New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast.

Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode!

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Are you leveraging consultants for your nonprofit? Maybe you’re debating on bringing on a consultant but aren’t sure where to start. Or maybe you’re not even sure if bringing on a consultant is the right move for your organization. If you’re in consultant limbo, then this episode is for you!

In today’s episode, I share my experiences hiring consultants for organizations as well as being a consultant for organizations. I dive into some of the legal nuances of consultant vs. employee and some of the common areas where nonprofits use consultants. I also break down the benefits and downsides of working with consultants, so you can determine if using a consultant is the right fit for your organization.

This episode also covers strategies for selecting the right consultant for your nonprofit and how to set them up for success. Plus, I share how to ensure you’re leveraging consultants in the most strategic way possible with a deep dive into the process of working with a consultant so that you can have an idea of what to expect when bringing one on for your organization. 

Read the podcast transcript here.

Episode Summary

In this episode, you’ll learn strategies for leveraging consultants in your nonprofit, including:

•Legal nuances of categorizing someone as a consultant contractor vs. employee (2:00)

•Common areas where nonprofits use consultants (3:10)

•Benefits of working with a consultant (5:20)

•Downsides of working with a consultant (8:05)

•Selecting the right consultant (11:40)

•Setting your consultants up for success (14:10)

•The process of working with a consultant (17:15)

Teasers

“A consultant is often able to pop in and pop out as you need them. Instead of being tied to a particular salary for an indefinite period of time, you can hire a consultant or contractor as you need them. You’re really getting more bang for your buck.”

“Make sure that you are able to set the consultants up for success and have really strong communication. Don’t hire them and then expect them to jump in and do everything.”

“What you don’t want is to hire a consultant for a period of time or for a project and then inadvertently neglect to tell them about a big deadline you have coming up. And then, it’s a disorganized chaotic process.”

Resources

FREE Cash Flow Template: https://100degreesconsulting.com/cash 

Keep up to date with the podcast: @100degreesconsulting

Follow Stephanie on Instagram: @stephanie.skry/ 

Connect with Stephanie on LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/ 

Visit the podcast page: https://100degreesconsulting.com/leveraging-consultants 

Want more of the podcast?

New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast.

Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode!

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Are you looking for ways to build an inclusive culture in your nonprofit? Organizational culture can be a challenge for many nonprofit leaders. One of the main reasons is that every organization has blind spots. It can be difficult to see what your organization is missing, especially when you’re on the inside all day every day. 

In this episode, I sit down with Yanira Castro to chat about how she uses strategies to help nonprofits build an inclusive culture. She discusses how she uses respectful storytelling and ways to use language that is inclusive and nonexclusionary. Yanira also dives into how to use core values to set the tone and transform your culture. She also gives some great examples of what not to do when you’re building a culture of inclusivity.  

About Yanira

Yanira M. Castro (she/her/ella) is a speaker and communications professional with more than 20 years of experience in telling inspiring stories to audiences ranging from national television shows to leading digital channels. 

Yanira founded Humanity Communications Collective in 2017 to inspire people with stories of joy and justice. The team, made up of amazingly talented women and people of color, is highly focused on digital engagement and storytelling, by reminding people to embrace technology, business, and life in a way that focuses on people’s humanity. Humanity Communications Collective has also shared important and groundbreaking client stories on CBS This Morning, ABC News, 60 Minutes, Essence, Now This!, O, The Oprah Magazine, and many others.

Read the podcast transcript here.

Episode Summary

In this episode, you’ll learn strategies for building an inclusive and understanding organizational culture for your nonprofit, including:

•Using respectful storytelling (8:40)

•Ensuring your language is inclusive and nonexclusionary (11:30)

•Filling in the gaps between the nonprofit team and the community they’re serving (13:50)

•Transforming the culture of your organization (17:10)

•Assessing your organization’s blind spots (19:20)

•Using core values to set the tone for your culture (23:50)

•Finding job candidates that fit your culture (27:50)

•Intentionally embodying core values every day (30:05)

•What not to do when creating an inclusive and understanding culture (33:15)

Teasers

“There’s more power in telling a story that is centered in somebody’s lived experience in a way that showcases them as a hero of their own narrative and not the nonprofit being the hero.”

“Feedback can be tough, but we need to hear the tough things in order for us to really change, especially if we’re looking at changing people’s hearts and minds.”

“Values that we hold really build our culture in a way that people really enjoy.”

Resources

Check out the Humanity Communications Collective website: https://humanitycom.com/donate/ 

Connect with Yanira on LinkedIn: https://www.linkedin.com/in/yanira-castro/ 

Follow the Humanity Communications Collective on LinkedIn: https://www.linkedin.com/company/humanity-communications-collective/ 

FREE Finance Routine Checklist: https://100degreesconsulting.com/routine 

Keep up to date with the podcast: @100degreesconsulting

Follow Stephanie on Instagram: @stephanie.skry/ 

Connect with Stephanie on LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/ 

Visit the podcast page: https://100degreesconsulting.com/inclusive-culture 

Want more of the podcast?

New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast.

Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode!

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Have you started the process of budgeting for 2024 yet? It’s already October, so if you haven’t started yet, you’re behind. This podcast episode will help you get caught up so you can go into 2024 prepared and ready to make a big impact on the communities you serve.

This episode covers six tips for improving your nonprofit’s 2024 budgeting process. We dive into what mistakes many organizations make during this process, and more importantly, how to avoid them. Plus, strategies for boosting your team’s morale during this often difficult time. Hint: it’s not giving them free rein to make their department’s budget and then slashing it in half. 

There is a better, more effective, and more collaborative way to budget that also accounts for sustainability, like having a cash reserve. You can learn how to be more proactive and strategic about budgeting for 2024 so you and your team can hit the ground running in January. Lead your team into the new fiscal year stronger than ever and ready to make an even bigger impact. 

Read the podcast transcript here.

Episode Summary

In this episode, you’ll learn how to get caught up to speed on your 2024 budgeting so that you can go into the new fiscal year ready to hit the ground running and make a larger impact, like…

•The first thing to think about when creating your budget (2:50)

•Why you need to involve others in the budgeting process (5:00)

•How to plan for sustainability (10:05)

•Using a variety of sources to create your budget (14:30)

•Creating a plan for revenue (16:30)

•Why your nonprofit needs to invest in financial management (22:40)

Teasers

“We want to be thinking strategically about allocating the resources that we have to achieve our biggest goals.”

“Think from a 30,000-foot view instead of just taking this year’s profit and loss statement or income statement and tweaking it a little bit.”

“One big mistake I see a lot of nonprofits making is that we are building a break-even budget every single year. We’re budgeting for as much revenue as we have expenses and vice versa.”

“We want to make sure we have time to really be strategic and not just plunk some numbers into Excel based on what we did last year and hope for the best.”

Resources

Keep up to date with the podcast: @100degreesconsulting

Follow Stephanie on Instagram: @stephanie.skry/ 

Connect with Stephanie on LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/ 

Visit the podcast page: https://100degreesconsulting.com/budgeting-for-2024 

FREE Cash Forecast Template: https://100degreesconsulting.com/cash 

Want more of the podcast?

New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast.

Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode!

Subscribe to the show so you don’t miss a thing!

Are you leveraging technology to create better outcomes for your nonprofit? Do you immediately get a feeling of overwhelm or dread when you hear the term “leveraging technology?” It’s understandable if you do, technology can be complicated to say the least. However, it can also be a game changer when it comes to freeing up extra time.

In today’s episode, I chat with Heather Johnson about her experience of helping nonprofits leverage technology. We dive into how the nonprofit space has evolved over the last two decades, especially regarding technology and awareness. Heather also tells us her first-hand experiences of how organizations are having a much greater impact on their communities when they have a solid financial foundation and good technology systems in place. 

She also shares how nonprofits are experiencing high ROIs when they incorporate more efficient processes into their backend business operations. Plus, you’ll learn more about how to use one of your greatest assets, your team, when identifying and improving inefficiencies within your organization. 

About Heather

Heather Johnson has spent two decades working with technology for nonprofits. With experience working with nonprofits at every step of their journey to revolutionize their organizations, she has come to learn what good looks like and where technology can be the nonprofit’s friend or their worst enemy.

Read the podcast transcript here.

Episode Summary

In this episode, you’ll learn how leveraging technology can create better outcomes for your nonprofit like: 

•How the nonprofit space has grown and evolved over the past 20 years (5:20)

•The ROI of having good technology in place (7:30)

•Identifying opportunities for improved efficiencies (12:00)

•How a solid financial foundation leads to more revenue (17:10)

•Using your team’s perspective to help identify and fix inefficiencies in your organization (22:00)

Teasers

“We’ve seen the business of nonprofits explode over the last 20 years, and I really believe that it’s just going to continue to grow as folks become more and more focused on social good.”

“Let the machines work so the people can think.”

“You cannot have the impact that you want to have if your backend (system) is broken.”

“Any platform is only as good as its level of adoption.”

Resources

Connect with Heather on LinkedIn: https://www.linkedin.com/in/heather-johnson-a170b3157/ 

Follow Blackbaud on Instagram: @blackbaud

Keep up to date with Blackbaud on LinkedIn: https://www.linkedin.com/company/blackbaud/ 

For more information on Blackbaud, visit their website at: www.blackbaud.com 

Download the free Finance Routine Checklist: https://100degreesconsulting.com/routine/

Keep up to date with the podcast: @100degreesconsulting

Follow Stephanie on Instagram: @stephanie.skry/ 

Connect with Stephanie on LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/ 

Visit the podcast page: https://100degreesconsulting.com/leveraging-technology

Want more of the podcast?

New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast.

Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode!

Subscribe to the show so you don’t miss a thing!

Do you ever feel alone as a nonprofit leader? You may feel like you don’t have anyone to talk to within your organization about the challenges you’re facing. Finding peer connections can sometimes feel impossible for nonprofit leaders. In today’s episode, I chat with Ellen Kehl about how she’s helping to foster connections within the nonprofit leadership community to help leaders overcome the many obstacles they’re experiencing. 

We talk about the different challenges nonprofit leaders are facing in the post-COVID world like staffing issues, a remote workforce, different funding priorities, and why it’s so important for them to find a sense of peer connection with their fellow nonprofit leaders. We also discuss different strategies thriving nonprofits use to stay ahead of these challenges. 

Ellen shares some of her favorite resources that support nonprofit leaders, especially those that create peer connections. Plus, we chat about common characteristics of thriving nonprofits and how leaders can start applying strategies like being more tolerant of risk in their organizations. This episode is full of practical tips you can start implementing today. 

About Ellen

Ellen Kehl is the Associate Director with The Nonprofit Partnership. Ellen has her Bachelor’s Degree in Social Work from the University of Pittsburgh and her Master’s Degree in Public Administration from Gannon University. She began with The Nonprofit Partnership as a student intern in January 2015 and secured full-time employment after receiving her MPA in June 2016.

Ellen enjoys acting as the bridge between The Nonprofit Partnership and its member organizations. She’s responsible for the organization’s brand management, member relations, programming, partnerships, and more.

Read the podcast transcript here.

Episode Summary

In today’s episode, you’ll learn

•The mission of The Nonprofit Partnership (5:00)

•The needs and challenges nonprofit organizations are facing right now (7:15)

•Why a sense of connection is so important for nonprofit leaders (9:55)

•Strategies nonprofits are using to keep up with constant changes (13:40)

•Resources to support nonprofit leaders (15:55)

•Characteristics of thriving nonprofits (22:20)

•Why risk tolerance is an important part of being a nonprofit leader (29:30)

Teasers

“I like to think we’re the Google for nonprofits.”

“I think about my time in the nonprofit sector and I felt like I was all by myself. I didn’t have anybody. I didn’t have any peers that I could go to.”

“The way that these groups are keeping up is through different things, like embracing technology.”

“I think just being a human and being a good human, those have been the best qualities.”

Resources

Connect with Ellen on LinkedIn: https://www.linkedin.com/in/ellenkehl/  

Keep up with The Nonprofit Partnership on LinkedIn: https://www.linkedin.com/company/the-nonprofit-partnership  

Visit The Nonprofit Partnership on Facebook: https://www.facebook.com/nonprofitpartnership/  

Follow The Nonprofit Partnership on Instagram: @npp_erie

Download the free Finance Routine Checklist: https://100degreesconsulting.com/routine/

Keep up to date with the podcast: @100degreesconsulting

Follow Stephanie on Instagram: @stephanie.skry/ 

Connect with Stephanie on LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/ 

Visit the podcast page: https://100degreesconsulting.com/peer-connections 

Want more of the podcast?

New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast.

Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode!

Subscribe to the show so you don’t miss a thing!

How are you integrating core values into your nonprofit’s everyday work? Are you utilizing these values as a decision tool and a means for navigating your organization through changes? How do all of your employees, from those on the front lines to the leadership team embody core values every day? 

In this episode, special guest Chad Zibelman talks about how he and his organization integrate core values into their everyday work. He discusses how to use these values to help your organization grow by leveraging your professional network, building a flexible organization, and strategically looking at “failure.” Chad also gives us practical tips for building relationships with donors all while advocating for your organization’s mission, and turning to these values to know when to say no. On top of all of that, Chad also tells us how he lands the ever-sought-after corporate partnerships. 

About Chad

Chad Zibelman is the CEO of The Sonder Project, an international 501(c)(3) non-profit organization whose mission is to empower impoverished communities through high-impact, sustainable development. Chad grew up in the Philadelphia area and graduated from Temple University with a degree in Education. He then joined the Peace Corps and taught in a rural school in the African country of Namibia. Upon completion of his service, Chad returned to the US and began an 8-year career with the non-profit organization buildOn. 

buildOn constructs schools in developing countries and Chad worked his way up to become Trek Director, responsible for a program that brought over 1,000 volunteers/year abroad to immerse in communities and help build schools. The founders of The Sonder Project came to know Chad when they participated in a buildOn Trek to Burkina Faso in 2015, and three years later, they asked him to lead the organization. Chad resides with his wife, two daughters, and their pet rabbit in Sonoma County, CA.

Read the podcast transcript here.

Episode Summary

In today’s episode, you’ll learn strategies for meaningfully integrating your organization’s core values into your everyday work including:

•Leveraging your professional network to help your organization grow (9:05)

•Strategies to implement for a more flexible organization (10:45)

•A different way to look at “failure” (14:10)

•Building relationships with donors and supporters (16:30)

•Advocating for your organization’s vision (20:15)

•Exemplifying your core values in your everyday work (22:30)

•Utilizing your core values as a decision-making tool (24:20)

•Landing corporate partnerships (27:25)

•Incorporating core values into your interview process (36:00)

Teasers

“We really try to live by our values. One of our values is to listen to others, and that includes our beneficiaries, includes partners on the ground, includes our donors, but we take that seriously.”

“I think it’s important for individuals working, whether it’s a small organization or a big organization, to not be afraid of the vision that you set and to make sure you are a constant advocate for that vision.”

“It was a really collaborative experience with all of our board members and our staff to understand what drives us.”

“Creating an environment where people are not afraid to speak their minds and share in a safe space only allows the whole organization to be more prosperous.”

Huge thank you to our sponsor, Grants Works!

With billions of dollars in federal grant funding available, now is the time to learn about how to apply for and manage federal grants from Patrice Davis, an expert who simplifies federal grants. Her Federal Grants Simplified Bootcamp is a six-week hybrid training that gives you the freedom to access on-demand training on your schedule and to attend live weekly Q&A sessions with Patrice. Plus, GrantsWorks is an ACFRE approved continuing education provider. Use code DEGREES for 10% off your registration.

Resources

Connect with Chad on LinkedIn: www.linkedin.com/in/czibelman/

The Sonder Project: thesonderproject.org 

Grantsworks: www.grantsworksacademy.com/federal-grants-simplified 

Keep up to date with the podcast: @100degreesconsulting

Follow Stephanie on Instagram: @stephanie.skry/ 

Connect with Stephanie on LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/ 

Visit the podcast page: 100degreesconsulting.com/integrating-core-values

Want more of the podcast?

New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast.

Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode!

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Is organizational culture top of mind for your nonprofit? If it isn’t, it really should be. Special guest, Alissa Novoselick, explains exactly why in today’s podcast episode. She brings us her unique perspective as a modern CFO who prioritizes building a strong organizational culture because she sees just how much it impacts the nonprofit’s bottom line. 

Alissa discusses how she created a finance department that plays a big role in building her organization’s culture, instead of being seen as the “nay-sayers” with a bad rap, (something many of us in the nonprofit finance world are very familiar with). She gives listeners practical tips and strategies that nonprofit leaders can start implementing to build a strong culture and create an organization that people actually want to be a part of. 

We also dive into what works well in a CEO-CFO relationship and how to better understand other members of the leadership team. Plus, different nonprofit trends impacting modern CFOs and how data and technology play a part in this role. 

About Alissa

With fifteen years of experience as a nonprofit executive, consultant, and educator, Alissa loves working with organizations and small businesses to develop healthy strategies and practices that give back tenfold. While her skills focus on finance and operations, what sets her apart are the educational values and governance principles woven into every aspect of her work.

Over the course of her career, she’s been called to serve multiple organizations and small businesses. And when a mass of leaders came to her in 2019 to ask for some support, she saw there was a need for genuine, trustworthy, and loyal collaboration from someone who can marry industry knowledge with an understanding of the day-to-day. Her practice in coaching and mentorship, technical assistance, and financial strategy among peer executive directors and small business owners blossomed. This all led her to Greater Impact — because, without a financial backbone, the most important programs, interventions, and products don’t get to the communities that need and deserve them the most.

Read the podcast transcript here.

Episode Summary

In this episode, you’ll learn strategies for building a strong organizational culture including:

•Creating a participatory finance department (8:45)

•Intentionally building a culture that people want to be a part of (12:00)

•Practical strategies to build a strong organizational culture (13:45)

•Factoring in culture initiatives in your budget (16:30)

•What works well in a CEO-CFO relationship (20:40)

•Understanding other members of the leadership team on a deeper level (25:20)

•Nonprofit trends impacting modern CFOs (29:50)

•The role of technology and data in the role of a nonprofit CFO (38:55)

Teasers

“But what I’ve found is just, there’s so much value in the co-creation of financial documents, instruments, things of that sort… to create a financially savvy culture, but also to move forward some bigger strategic initiatives.”

“We are all stewards of this mission and this organization, no matter where we sit in the org chart.”

“If you’ve got constant turnover in your organization, you are going to see that is going to impact your bottom line.”

“Culture is created through relationships, and if you are a leader of an organization in any capacity, you have the power to influence your team.”

Huge thank you to our sponsor!

This series is sponsored by Blackbaud, the essential software provider for the organizations and people who change the world. Blackbaud has been working with finance professionals at nonprofit and social good organizations for almost 40 years with its Blackbaud Financial Edge, NXT Fund, accounting software expertise, and services. You can streamline your financial operations, strengthen your accountability, and make data-driven decisions to increase your impact. To learn more, visit https://www.blackbaud.com/   

Resources

Greater Impact’s Facebook Page: https://www.facebook.com/greaterimpactllc 

Greater Impact’s LinkedIn: https://www.linkedin.com/company/greater-impactllc/  

Follow Empowerment Plan on Instagram: @empowermentplan 

Empowerment Plan’s LinkedIn: https://www.linkedin.com/company/empowermentplan/  

Connect with Alissa on Linkedin: https://www.linkedin.com/in/alissa-novoselick-mba-a1800b25/  

Blackbaud Nonprofit Accounting Software: https://www.blackbaud.com/   

Keep up to date with the podcast: @100degreesconsulting

Follow Stephanie on Instagram: @stephanie.skry/ 

Connect with Stephanie on LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/ 

Visit the podcast page: 100degreesconsulting.com/organizational-culture

Want more of the podcast?

New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast.

Leave us a review! Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Let me know what you loved most about this episode!

Subscribe to the show so you don’t miss a thing!

Are you on the nonprofit cash flow rollercoaster? Managing cash flow is one of the trickiest things for nonprofit leaders because so much of it is out of our control. And while it can feel dizzying to be on the constant up and down of cash coming in and going out, there are ways to manage. 

In this episode, we dive into different strategies your organization can use to help better manage your cash flow like leveraging your strategic plan, keeping up to date with your bookkeeping, and putting better financial controls into place. We also discuss how you can diversify your revenue streams to help fill in the gaps during your cash flow “off seasons.”

While managing cash flow is a common struggle for organizations, there are resources out there to help. We explore different tools nonprofits can use to help them better plan and manage their finances, including a free cash flow forecast template. 

Read the podcast transcript here. 

Episode Summary

In today’s episode, you’ll learn practical tips and strategies for managing your nonprofit’s cash flow, including: 

•Cash flow challenges (1:05)

•Why you should include cash flow management in your strategic plan (6:30)

•How to manage when your nonprofit is on a revenue rollercoaster (7:50)

•Why good bookkeeping is vital to your organization (12:10)

•Resources to help forecast cash flow (14:45)

•Strategies for diversifying your revenue (16:40)

•Strengthening financial controls (18:20)

Teasers

“Our revenue is solid, so why in the world does it feel so, so hard to make payroll?”

“There’s a lot that’s within our control, a lot beyond our control, but it all impacts our cash flow.”

“Often expenses just get out of control really quickly and so it takes some intention and some planning to make sure we’re reigning them in.”

“You don’t have to stare at a blank Excel sheet and freak out.”

Huge thank you to our sponsor, Grants Works!

With billions of dollars in federal grant funding available, now is the time to learn about how to apply for and manage federal grants from Patrice Davis, an expert who simplifies federal grants. Her Federal Grants Simplified Bootcamp is a six-week hybrid training that gives you the freedom to access on-demand training on your schedule and to attend live weekly Q&A sessions with Patrice. Plus, GrantsWorks is an ACFRE approved continuing education provider. Use code DEGREES for 10% off your registration.

Resources

Cash Flow Forecast Template: 100degreesconsulting.com/cash 

Grantsworks: www.grantsworksacademy.com/federal-grants-simplified 

Keep up to date with the podcast: @100degreesconsulting

Follow Stephanie on Instagram: @stephanie.skry/ 

Connect with Stephanie on LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/ 

Visit the podcast page: 100degreesconsulting.com/nonprofit-cash–flow  

Want more of the podcast?

New episodes are released weekly! Find them all plus show notes and exclusive bonus content at 100degreesconsulting.com/podcast.

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Are you looking for strategies to strengthen your donor relationships? Or how to overcome some of the many challenges nonprofits are facing today? In today’s episode, we chat with Dr. Mark Scott from the Oishei Foundation, an organization dedicated to strengthening and supporting nonprofits. We dive into how his organization provides support for nonprofits and discuss new demands and challenges nonprofits are facing around staffing shortages, competition with the corporate sector, and the struggle to find good help. Plus, Dr. Scott gives us some strategies to help overcome these obstacles.

He also talks about how nonprofits can be more realistic with their overhead costs when submitting grant proposals to funders and how to build better relationships with them. He gives great strategies for strengthening these donor relationships like taking small relationship-building actions over time and how this can help your organization succeed and better serve your community. This episode is full of practical tips nonprofit leaders can take action on today.

About Dr. Mark Scott

Mark joined the Foundation in January 2022 to lead Oishei’s philanthropic support practice that is designed to strengthen and support the WNY nonprofit ecosystem. He works closely with Foundation staff to enhance the capacity and work of grantee organizations and community partners. He oversees the Foundation’s initiatives in leadership development, network building, and convening, most notably the Karen Lee Spaulding Oishei Fellowship for Leaders of Color, Community Conversations for Leaders of Color, and the Oishei Leader program.

Mark holds a Ph.D. in Organizational Leadership and Policy, an MBA from Niagara University, and a BS in Hotel, Restaurant, and Institutional Management from Cheyney University in Cheyney, Pennsylvania, the nation’s oldest Historically Black College & University (HBCU).

Read the podcast transcript here.

Episode Summary

In this episode, you will learn strategies for strengthening donor relationships and overcoming obstacles in the nonprofit sector, like:

•Providing support for nonprofit organizations (8:20)

•Building capacity in your communities (12:05)

•New demands nonprofits are currently facing (15:00)

•Overcoming challenges of not being able to find good employees (18:35)

•Being realistic with overhead costs in grant proposals (22:45)

•Making the funding process easier (29:05)

•Tips for nonprofits to build better donor relationships (34:45)

Teasers

“But what we are finding is that because nonprofits stepped up and they had become so heavily dependent on government resources during the COVID pandemic period, they have kind of lost their way.”

“Nonprofits really need unrestricted support.”

“People are doing nonprofit work and not being paid a living wage. So it’s like helping to fight poverty, but being in poverty themselves because they’re not making a living wage.”

“When we play with the ask, we perpetuate this vicious cycle of undercutting the work.”

“If you build that relationship over a period of time, and you don’t always have to ask, the funder will see it.”

Huge thank you to our sponsor!

This series is sponsored by Blackbaud, the essential software provider for the organizations and people who change the world. Blackbaud has been working with finance professionals at nonprofit and social good organizations for almost 40 years with its Blackbaud Financial Edge, NXT Fund, accounting software expertise, and services. You can streamline your financial operations, strengthen your accountability, and make data-driven decisions to increase your impact. To learn more, visit https://www.blackbaud.com/   

Resources

The OiShei Foundation https://oishei.org/ 

Connect with Dr. Mark Scott on LinkedIn: http://linkedin.com/in/dr-mark-j-scott-6a8a058 

Blackbaud Nonprofit Accounting Software: https://www.blackbaud.com/   

Keep up to date with the podcast: @100degreesconsulting

Follow Stephanie on Instagram: @stephanie.skry/ 

Connect with Stephanie on LinkedIn: https://www.linkedin.com/in/stephanieskryzowski/ 

Visit the podcast page: 100degreesconsulting.com/donor-relationships 

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