Money is a constant topic of conversation among nonprofit leaders: How much do we need? Where can we find it? Why isn't there more of it? In tough economic times, these types of questions become more frequent and pressing. Unfortunately, the answers are not readily available. That's because nonprofit leaders are much more sophisticated about creating programs than they are about funding their organizations, and philanthropists often struggle to understand the impact (and limitations) of their donations. There are consequences to this financial fuzziness. When nonprofits and funding sources are not well matched, money doesn't flow to the areas where it will do the greatest good. Too often, the result is that promising programs are cut, curtailed, or never launched. And when dollars beco...
The field of strategic leadership, or the study of how top-level leaders influence organizational performance, has not yet been widely extended to the nonprofit sector. Prior research on nonprofit leadership suggests strategic leadership theory is applicable in nonprofit organizations. However, the exercise of nonprofit strategic leadership may differ from that found in the for-profit sector. Drawing from the literature on both strategic leadership and nonprofit leadership, propositions are offered to explain the ways in which nonprofit strategic leadership contributes to organizational performance. Propositions developed to explain organizational performance concern learning capacity, capacity for change, managerial wisdom, organizational context, organizational innovation, and mission...
The past few years have not been overly kind to Maryland's nonprofit industry, which has had to deal with declines in giving, drops in government funding and market erosion of assets. The health of the nonprofit industry is vital for the state, as it is one of the largest employers in Maryland. According to a 2011 study by the Maryland Nonprofits trade association, nonprofits of all sizes accounted for almost 11 percent of the state's workforce in 2010 and provided 10 percent of the total payroll.
COLUMBUS, Ohio - He called himself Bobby Charles Thompson and gave himself the rank of lieutenant commander as he headed a nationwide nonprofit for U.S. Navy veterans. Donations solicited by telemarketers poured in to his U.S. Navy Veterans Association from around the country - largely individual gifts under $50 - piling up tens of millions of dollars intended for veterans' needs and other military causes.
BALTIMORE - A Baltimore educational nonprofit has agreed to buy a shuttered Catholic school to make way for an expansion of its charter school in Glen Burnie, a spokesman for the group said Thursday. The Children's Guild has signed a contract to buy St. Rose of Lima Catholic School in Brooklyn. Once the first stage of renovations are completed next year, the guild plans to move 19 special needs students there from the building they currently share with Monarch Academy Charter School, said Bonnie Heneson, a spokesman for the guild.
Many qualified nonprofit hospitals have received great financial benefits from tax exemption. A 1990 report by the GAO showed that 57% of the nonprofit hospitals provided less charitable care than the value of the tax exemption they received. This conflicts with the rationale for tax exemptions: that the benefits nonprofit hospitals provide to society outweigh the benefits that the government would receive from taxing the organizations. The debate over deservedness has recently reignited, and nonprofit hospitals have been under great scrutiny for the tax exemptions they receive. The Senate Finance Committee's staff, keenly aware of the ineffectiveness of the community benefit standard, has proposed reforms in this area. The IRS, also aware of the need for improvement in the reporting re...
Link: Database of no longer listed as tax- exempt. REDLANDS - While the news that several local had lost their tax-exempt status sounded ominous, most have said it has had no significant impact on them or they weren't aware of the loss, while others believe they have corrected or are correcting the problem.
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