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Posts by Tricia Love Thomas

5 Things to Consider Before Issuing Your Nonprofit’s Next Audit RFP

Selecting an accounting firm for your nonprofit’s next audit can be a daunting task. Not only might you be unsure of which qualities to look for in a firm, but requesting and reviewing proposals can be a long and tedious process, requiring time and...
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Why Donor Retention Matters: 3 Ways to Increase Your Fundraising Dollars and Keep Donors From Leaving

Nonprofits spend a lot of time and effort looking for donors. However, for all the effort put into attracting and getting gifts from new benefactors, many organizations drop the ball when it comes to retaining those who have given in the past. While it...
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4 Tips to Create Your Nonprofit’s First Succession Plan

Losing your nonprofit’s executive director is a lot like losing your trail guide in the middle of the forest – slightly terrifying, completely disorienting and leaving you wishing you’d spent more time watching which turns your guide had made along the...
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Room for Improvement: 3 Essential Areas Nonprofits Should Focus On

No matter how successful your nonprofit is, there is always room for improvement. Nonprofits are businesses, and as such, are expected to operate as efficiently as their private sector counterparts despite having less resources, staff and funds to get...
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Nonprofits — 6 Things to Look for When You Hire a Strategic Planning Facilitator

It’s a good day. You, your team and board just made the decision to develop a much-needed strategic plan for your nonprofit. It’s time to jump in and get started … or is it? When funds are limited you might be tempted to go it alone and handle your...
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Quick Guide: Functional Expense Classifications for Nonprofits

Nonprofit organizations are constantly under scrutiny as to how they allocate their functional expenses in their statement of activities. Unlike for-profit entities, nonprofits must provide a statement of activities in the financial statements about...
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