Shoes That Fit’s Post

Contrary to popular belief, recent research from my colleagues has shown that diversifying isn't necessarily the best funding strategy for nonprofits. Join Bridgespan at this upcoming webinar to learn more about how a well-defined funding strategy can position your organization to attract the dollars needed to achieve your mission.

Solid advice! Stay tuned as I will do a deep dive into some of this suggestions by Donorbox during upcoming #tuesdaytips

RE-IMAGINING NONPROFITS: Turning Your Mess Into a Masterpiece https://a.co/d/bE3jjIe Re-Imagining Nonprofits is available on Amazon or at NANOE.org. Learn the 10 ways to turn your nonprofit into a masterpiece!

Is your nonprofit making any of these mistakes? Read on for some answers from Nonprofit leaders.

Growing your nonprofit's revenue doesn't have to be a slow grind. I recently came across an insightful video by @AmberMelanieSmith, a nonprofit founder and former executive director, where she shares her personal journey of transforming her nonprofit's revenue stream. Amber's strategies are not just theories—they’re tested and proven. Here are the two key takeaways that resonated with me: 1. Diversify Your Funding Sources: - Move beyond relying solely on donations and grants - Embrace earned income and program service fees - Example: Charge for services directly related to your mission 2. Invest in Staff Infrastructure and Capacity: - Hire skilled professionals to manage new revenue streams - Free yourself from doing everything; focus on your strengths - Amber’s experience: Delegating tasks allowed her to focus on fundraising and outreach, accelerating their growth These strategies transformed her nonprofit's revenue landscape, enabling them to reinvest in their mission and expand their impact. How are you thinking about diversifying your organization's revenue or exploring new revenue streams? For more insights and actionable tips, follow @AmberMelanieSmith Want a deeper dive? Check out the slide below.

Revolutionize Your Nonprofit Approach with ReThink Nonprofits 💟 🎗️Are you part of the nonprofit sector, grappling with the complexities of making a real impact? “ReThink Nonprofits: A New Approach to Making a Difference” is your guide to navigating the nonprofit world with innovative strategies and actionable insights. 📖 In this groundbreaking book, we challenge conventional nonprofit methods and introduce fresh perspectives for effective change. Written with nonprofit professionals, volunteers, and leaders in mind, “ReThink Nonprofits” is more than a book – it’s a movement. #nonprofit #books #bookstagram #philanthropy rethinknonprofits.com

Is Your Nonprofit an "Institution?" Many nonprofit founders, CEOs and Boards dream of the day that the newer, smaller nonprofit they serve becomes an institution--- an organization that will always be there, growing larger, increasing its reach and visibility and virtually indestructible. There are many, mostly national and international nonprofits that come to mind for you I am sure. Is this really what you want as a leader for your nonprofit? For one thing, the concerns and questions over the costs for operations of more 'institutional' nonprofits tend to be of much greater frequency. and intensity coming from donors and prospects. The history, visibility and appearance of financial stability of most tend to be excellent. But, what about the organizations' flexibility to change when the times and opportunities demand it? How about the NPOs' impact per dollar spent? There is often more bureaucracy within larger, more institutional nonprofits. They can be 'top-heavy,' weighed down with more administrative staff than needed to get the job done. This is costly! Smaller nonprofits can often do more good work with fewer resources. The larger nonprofits can learn from them! Let's consider a national nonprofit's Chicago affiliate programs. Are there smaller, unaffiliated nonprofits in Chicago that do similar work, that run more efficiently while devoting more of their time to serving the Cause and solving the problems. You bet there are! Being bigger and more widely known doesn't always translate into better results for nonprofits. A hunger for wanting to do more good most often does. #nonprofits #operatingcosts #budgets #programimpact #programcosts #institutionalcosts

The Alabama Association of Nonprofits is in the news again, this time for our first-ever #StateOfTheSector report! Learn all about our deep dive into the state of Alabama's nonprofit sector in this special report from our friends at The Bama Buzz Brand-new 📈📊data 📊📈 and big insights abound—tell us what you think in the comments below! https://lnkd.in/gKTzXTF3

Last week we had the chance to co-present as part of the Maryland Nonprofits accelerator program. Thank you to the great group of nonprofit fundraisers and leaders who took time out of their day to join us and engage in the discussion. We talked a lot about Fundraising Planning and Strategies and wanted to share the top takeaways. Here are just a few that we loved discussing: 📍 Know where you are. Know who your people are. Know what resources you have to get started with. Start with understanding this to efficiently go after what you need. 🚗 When you go on vacation, you have a plan of how you’re getting there, right? The same thought process applies to your fundraising planning. You need to know your final destination (how much you’re trying to fundraise) and how you plan to get there (your fundraising plan.) 💰 Diversify your fundraising and your revenue streams. Know what’s involved with each and understand that if one method of your fundraising isn’t successful, you will have other reliable methods to help sustain your fundraising. 🤓 BE REALISTIC and be fair.  Knowing what you have to work with and what is available is necessary to understand what you can accomplish with your team. 👏 The community you create is everything. Regardless of how you set out to build yours, build it with transparency in mind and an alignment to ensure that your community becomes your organization's “Swifties.” Thank you to Maryland Nonprofits for having us!   If you are one of our Maryland nonprofit friends and not already a member, check them out! They are an organization that provides local nonprofits with resources and connections to strengthen the nonprofit community. Let us know if we can help you to connect. 💛 https://lnkd.in/gxw9JNrx