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Government funding: Overcoming too little and too late

Posted By Erica Crenshaw, Execute Now!, Tuesday, September 11, 2012

According to the Nonprofit Finance Fund's 2012 Survey Results, more than 75 percent of nonprofits depend on federal or state funds. Yet, these contracts often fail to cover the full cost of the program but also over half these contracts are paid behind schedule. If the majority of nonprofits depend on resources that are too little and too late, there are several strategies you should put to work in your organization.

While rural nonprofits are particularly affected by these sobering funding statistics, my team at Execute Now! has actually observed this problem across the board with virtually all organizations that tap state government resources. If you plan to make federal or state funding part of your funding mix, we'd like to offer the following strategies...

Read recommended strategies at the Finance Fundamentals blog

 

By Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc.

Tags:  Execute Now!  Finance Fundamentals  government funding 

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Don’t make cold calls; make tepid calls instead

Posted By Denise McMahan, CausePlanet, Monday, September 10, 2012
In our recent live interview with "Insider's Guide to Winning Foundation Grants,” author, Marty Teitel, we asked all of you on the webinar, "How many of you have received a grant?” A surprising 30 percent had never been a grantee. I would have confidently guessed 90 percent or more of you had earned the support of a foundation.

 

It's a good reminder there are many organizations still in their founding years or perhaps securing a mix of earned income and other funds that makes cultivating foundations less critical. For the rest of you aspiring to be among the 70 percent who call foundations their friends, author Marty Teitel is anxious to share...

Click here to read more at the Page to Practice blog, download this Page to Practice book summary for free or register for next live author interview.

 

Special thanks to the Blue Cross and Blue Shield of Louisiana Foundation for underwriting a Page to Practice subscription for all LANO members in 2012.

by Denise McMahan

Tags:  CausePlanet  Martin Teitel  Page to Practice  Winning Foundation Grants 

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BRAC Recommends Coordination After Storm

Posted By Baton Rouge Area Chamber, Saturday, September 1, 2012

The Baton Rouge Area Chamber is encouraging businesses to register with the Louisiana Business Emergency Operations Center as the state assesses damage following Hurricane Isaac.

The center is a partnership of the Louisiana economic development department, the Governor’s Office of Homeland Security and Emergency Preparedness, the National Incident Management Systems and Advanced Technologies Institute at the University of Louisiana at Lafayette and Stephenson Disaster Management Institute at LSU.

The center helps coordinate the activities and resources of businesses and volunteer organizations in Louisiana with the state’s Emergency Operations Center. By registering and completing a company profile, businesses can describe their products and services that can assist the state during a disaster.

To register, go to http://www.labeoc.org.

The chamber also listed resources businesses can tap for information or assistance. They include:


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Offering Free IT to Storm Affected Baton Rouge Nonprofits

Posted By Trust IT, Friday, August 31, 2012

Dear LANO Network:

Trust IT will be donating free consulting services to Baton Rouge area nonprofits who were affected by Hurricane Isaac, starting today and extending through the month of September.

If area nonprofits are having any issues getting their IT systems back up or have sustained damage to their IT equipment, we would like to provide them free assistance.  We also have access to used IT equipment that can be donated.

Please contact me if we may be of any assistance to you!

Jeff Hanson
President | Trust IT (a LANO Corporate Member)
235 Marilyn Dr. #15741, Baton Rouge, LA 70815
Direct Line
(225) 573-0391| Fax (225) 410-3630

 

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Part two: Build a financially strong nonprofit with cash flow management

Posted By Erica Crenshaw, Execute Now!, Tuesday, August 28, 2012

As we discussed in the first installment on this subject, financial vulnerability isn't something we readily discuss with one another. Yet, it's one of the most important core competencies in leading your nonprofit organization.

In my last post, we explored the importance of understanding and legitimizing your overhead expenses with donors and funders. Low levels of overhead funding leave nonprofits financially vulnerable, which directly impacts the quality of your programming. Setting cash flow goals, acknowledging the factors that may impact cash flow and monitoring your cash flow position are a few of the most important strategies for building your...

Read more at the Finance Fundamentals blog

 

by Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc. 

 

Tags:  cash flow  Execute Now!  Finance Fundamentals 

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STORM PREPARATION

Posted By Matthew Mullenix, Louisiana Association of Nonprofit Organizations, Monday, August 27, 2012

As the threat of Tropical Storm Isaac rises for Louisiana and other Gulf Coast states, the need to prepare organizations for potential disruption of business becomes a growing concern.

LANO asks its members and others in the nonprofit community to do all they can to assure the safety of their staff and constituents as they deal with effects of the coming storm and its aftermath.

LANO Member the Baton Rouge Area Chamber shared a useful message and website today detailing measures every business should undertake in the event of potential disruption.

BRAC recommends that businesses should:

  • Have an evacuation plan that provides for everyone on the premises to leave the workplace safely and quickly
  • Maintain a list and contact information for all employees and mission-critical business partners (including work and cell phones, work and/or personal email addresses, PIN numbers, etc); the list should include employees, customers, vendors, bankers, attorneys, and insurance agents,
    establish a means of and plan for contacting employees who have been displaced from their homes by the disaster
  • Make clear arrangements for all staff to be able to contact the business or locate information about the business if it is temporarily closed or forced from its normal location
  • Establish procedures for succession of management
  • Identify operations critical to the company's survival and recovery
  • Decide which personnel and what records, procedures, and equipment are necessary to keep the business operating
  • Preserve vital business records, financial data, accounting records, personnel information, inventory information, etc.
  • Back up computerized records daily and store the backups, along with other vital records, at an off-site location (consider the use of a remote data center, if possible)
  • Plan how to continue operating if the building, plant, or store is not accessible
  • Prepare for lengthy power interruptions during and after a disaster (i.e., arranging for alternate power sources, fuel supplies, etc.), and
    maintain and distribute to employees and partners the contact information for FEMA and SBA disaster assistance.

In addition to these suggestions, BRAC recommends several online resources available to assist businesses with their hurricane planning and disaster response:


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Download CausePlanet's latest free book summary

Posted By Denise McMahan, CausePlanet, Friday, August 24, 2012
Is your business model broken or in need of repair? CausePlanet is pleased to announce our latest Page to Practice book summary of "The Nonprofit Business Plan: The Leader's Guide to Creating a Successful Business Model by David La Piana, Heather Gowdy, Lester Olmstead-Rose, and Brent Copen.

 

You can download this summary for free, thanks to generous underwriting from the Blue Cross and Blue Shield of Louisiana Foundation during 2012.

The Nonprofit Business Plan helps you:

· Understand the method for assessing the health of an organization's current business model.

· Learn about the important differences between strategic planning and business planning and how the two efforts should interact with one another.

· Find out what six questions every planning team should answer at the beginning of the business planning process.

· Determine what the basic framework is for creating your plan and discover the specific financial tools nonprofit leaders can use.

Visit CausePlanet's Page to Practice blog at LANO for summary download instructions of The Nonprofit Business Plan and other titles.

by Denise McMahan

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Author describes the best grantor/grantee partnerships

Posted By Denise McMahan, CausePlanet, Monday, August 20, 2012
Rarely do I come across a book where the author, who's been on the inside of a foundation, is sharing the grant maker's perspective like Martin Teitel does. His sense of humor and quick wit make The Ultimate Insider's Guide to Winning Foundation Grants a fast and informative read. New and seasoned nonprofit leaders alike will find the author's insights immensely practical.

 

This book contains insider information no one before has revealed and Teitel does it with complete transparency. Teitel wrote this book with the goal of leveling the playing field. Enjoy this interview excerpt with Teitel about the best partnerships he's observed and the single most important idea he wants you to take away from his book...

Read more of this post, download the free Page to Practice book summary and register for the author interview at this link.

by Denise McMahan

 

 

 

Special thanks to the Blue Cross and Blue Shield of Louisiana Foundation for generously underwriting a CausePlanet subscription for all LANO members in 2012. Click here to learn more.

Tags:  CausePlanet  Martin Teitel  Page to Practice  Winning Foundation Grants 

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Build a financially strong nonprofit with cash flow management

Posted By Erica Crenshaw, Execute Now!, Tuesday, August 14, 2012

Financial vulnerability isn't something we readily discuss with one another, yet it's one of the most important core competencies in leading your nonprofit organization. In my last post, we discussed the importance of understanding and legitimizing your overhead expenses with donors and funders. Low levels of overhead funding leave nonprofits financially vulnerable, which directly impacts the quality of your programming.

Below are a few of the most important strategies for building your financial stability:

1) Set cash flow goals

2) Acknowledge the factors that may impact cash flow

3) Monitor your cash flow position

 

Click here to read more in the Finance Fundamentals blog

 

By Erica McGeachy Crenshaw, President/CEO of Execute Now!, Inc.

 

 

Tags:  Execute Now!  Finance Fundamentals 

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Laughter is the Best Medicine

Posted By Judy Ginsburgh, Central Louisiana Arts & Healthcare, Inc., Monday, August 13, 2012

On Sat., Oct. 20, 2012, Arts & Healthcare, Inc. will host a fundraising event featuring Alexandria native and stand up comic/author, Christee Gabour Atwood. 

The event will be held at Spirits Food and Friends located at 1260H Texas Ave. in Alexandria.  There will be 2 seatings - one at 6 pm and the other at 8:30 pm.  Tickets are $50 each and include the comedy show, dinner and a cash bar.  All proceeds go to continue the mission of Arts & Healthcare, Inc. to provide innovative arts experiences in healthcare settings.

Tickets may be purchased at: www.brownpapertickets.com/event/257856

For more info, contact judy@artsandhealthcare.org or leave a message at 318 769=7602 and we will call you back.

Tags:  comedy  comic  food  fun  laughter 

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