Many individuals start a nonprofit to solve a social problem. However, having passion for a cause is not enough to guarantee success. Building a prosperous nonprofit from the ground up is not for the faint of heart. While nonprofits often have an admirable goal at their core, they need to put in as much effort […]
Insurance can be expensive, and after investing in general liability, workers’ compensation, errors and omissions (E&O) insurance, and more, many nonprofits may be wondering if they really need directors and officers (D&O) insurance. The short answer is yes. Here are some compelling reasons why: Understanding D&O Insurance The name is a bit of a misnomer […]
It’s true that nonprofits function in several different ways than their for-profit counterparts. However, when it comes to human resources, the issues are similar. The biggest dissimilarity is nonprofits have less money and resources to manage them. Thankfully, this challenge is surmountable. The following are several suggestions for HR professionals to manage their nonprofit’s challenges […]
Non-profit organizations strive to make the world a little better. Whether they work to save orphaned and sick animals, clothe or house the homeless, or provide after-school programs to at-risk communities, these organizations serve a purpose beyond the bottom line.
The nonprofit community is just as susceptible to the dangers posed by potential risks as those in the for-profit business community. However, the concept of risk is unique for nonprofit and social service organizations because, unlike in the corporate world where business owners and CEOS determine policies, these risks are often left unmitigated because many […]