Financial challenges have plagued our sector for decades. We're doing our part to support organizations that want to build financial acumen and resilience. Apply for #RoadToResilience by December 2nd!
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📢 Nonprofits Are Facing Financial Challenges—We're Here to Help Build Resilience! 📢 According to Nonprofit Finance Fund, too many nonprofits are running on fumes. Their 2018 State of the Nonprofit Sector Survey reveals two-thirds of nonprofits struggle to offer competitive pay, half have less than three months of cash on hand, and 86% are bracing for increased demand. This funding gap isn’t new; it’s a crisis that’s plagued our sector for years. In 2020, at the height of the pandemic, we at NEW (Nonprofit Enterprise at Work) took action. First, we secured funding to provide rent relief for tenants in need. But we knew a deeper solution was necessary, so we launched Road to Resilience—NEW’s financial leadership program, built to support nonprofit leaders and finance staff on the path to long-term resilience. Road to Resilience is more than a program; it’s a community-driven experience to build financial acumen and resilience, focusing on strong balance sheets, reserves, and participatory budgeting. Our next cohort kicks off in January 2025! 🚀 Applications close on December 2nd at 9:00 am. Apply here: https://lnkd.in/eMWMYu4W Program Highlights: 🔸 Strengthen your nonprofit finance fundamentals 🔸 Build strategies for clear, transparent financial communication 🔸 Connect with other leaders navigating the “accidental finance” space Learn more: https://lnkd.in/gJcZdjR4 Let’s build resilience together! 🌱 #NonprofitFinancials #Flourishing #RoadToResilience #NEW