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A higher calling means higher financial standards

Posted By Erica Crenshaw, Execute Now!, Wednesday, August 28, 2013

It's never a comfortable position when you find yourself defending your financial position as a nonprofit leader. It's one of the most common concerns among our clients at Execute Now! when we discuss their financial management goals.

Our clients want to demonstrate confidence and transparency in all matters relating to their financials—not only to the board but to their immediate community as well. 

Why? Because they know...

 

Read more in the Finance Fundamentals blog 

 

By Erica McGeachy Crenshaw, CEO of Execute Now!

Tags:  Execute Now!  Finance Fundamentals 

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Large nonprofit deliberately chooses the road less traveled

Posted By Erica Crenshaw, Execute Now!, Tuesday, July 30, 2013


"Whenever I hear nonprofit executives say they cannot build capacity or make investments necessary for long-term sustainability because they ‘just don't have the money,' I know they are not really telling the truth, even though they think...

by Erica McGeachy Crenshaw, CEO of Execute Now!

 

Read more in the Finance Fundamentals blog

Tags:  Execute Now!  Finance Fundamentals 

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The murky business of grantseeking

Posted By Erica Crenshaw, Execute Now!, Tuesday, July 16, 2013

In spite of how informed we've all become about how to run our nonprofits, how to measure our impact and how to update our business models, a recent study by the Center for Effective Philanthropy reports a variety of telling statistics that reveal we still don't know a lot about how foundations choose grantees. Close to 140 nonprofit leaders were surveyed by the Center. Some of the topics charity executives want to clarify include...


By Erica McGeachy Crenshaw, CEO of Execute Now!

 

Read more in the Finance Fundamentals Blog

Tags:  Center for Effective Philanthropy  Execute Now!  Finance Fundamentals 

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Catholic schools have faith in their new financial model

Posted By Erica Crenshaw, Execute Now!, Tuesday, July 2, 2013


As a longtime resident and business leader in the South where a Catholic school education is a popular choice among families, I found a recent New York Times article especially interesting and relevant. A Lifeline for Minorities, Catholic Schools Retrench  
introduced a compelling look at one of the most longstanding assets in education for minorities and how that asset has reinvented its business model to meet the ongoing demand for a parochial education. According to the Times...

Read more in the Finance Fundamentals Blog

 

by Erica McGeachy Crenshaw, CEO of Execute Now!

 

Tags:  Execute Now!  Finance Fundamentals 

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Why does this tough decision demonstrate good judgment?

Posted By Erica Crenshaw, Execute Now!, Tuesday, June 18, 2013


The signature nonprofit newscast, "PBS NewsHour,” announced it would be cutting staff this week to compensate for a drop in corporate sponsors. It will eliminate the "noncritical production positions” in San Francisco and Denver and save more money by leaving open positions unfilled and streamlining technical operations. The reorganization will take place over the next several months starting in July and will help balance the budget.

When I read news like this, I am always reminded of the tough conversations I've had with some of my clients about...

 

by Erica McGeachy Crenshaw, CEO of Execute Now! 

 

Read more in the Finance Fundamentals blog

Tags:  Execute Now!  Finance Fundamentals  PBS 

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Organizational and financial strategy alignment is a must

Posted By Erica Crenshaw, Execute Now!, Thursday, June 6, 2013

"Few things inspire terror in the hearts of administrators and board members as much as an unanticipated shortfall near the end of the fiscal year.

"Yet deficits happen—and often to groups that do not deserve them,” asserts author and consultant Richard Linzer. This quotation couldn't be more accurate, yet I am still amazed by the common practice of ...

By Erica McGeachy Crenshaw, President of Execute Now!  

 

Read more about aligning organizational and financial strategy in the Finance Fundamentals Blog

Tags:  Execute Now!  Finance Fundamentals 

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Execute Now!'s Erica Crenshaw hosts new “Finance Fundamentals” radio segment on “Eyes Open with Tony Brown”

Posted By Erica Crenshaw, Execute Now!, Friday, May 31, 2013

Execute Now! President, Erica McGeachy Crenshaw, announces a new radio segment on "Eyes Open with Tony Brown” every other Monday, beginning June 3, 2013 at 7:10 a.m. on KAYT-FM. Crenshaw's show is aptly named "Finance Fundamentals,” and covers essential financial management matters for nonprofits and business leaders alike...

by Erica McGeachy Crenshaw, President, Execute Now!

 

Read more details about the Finance Fundamentals bi-weekly radio broadcast 

 

 

Tags:  Execute Now!  Finance Fundamentals 

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Donors can ask better financial questions and build sustainability

Posted By Erica Crenshaw, Execute Now!, Friday, May 17, 2013

"The sector has fallen into a trap we created. By focusing on what we DON'T spend, and not on what has been accomplished, we have completely missed the mark in our messaging."

"We are part of this problem and it's up to us to educate our way out of it,” asserted Paulette Maehara, former president of Fundraising Professionals in Dan Pallotta's groundbreaking book Charity Case (Jossey-Bass 2012).

I recently re-watched...

 

Read more in the Finance Fundamentals blog about

what questions donors need to ask

 

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

Tags:  Dan Pallotta  Execute Now!  Finance Fundamentals 

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What we can learn from Girl Scouts' financial tipping point

Posted By Erica Crenshaw, Execute Now!, Tuesday, April 30, 2013

"As a movement, we are at a tipping point,” says EVP and CEO of Northeast Texas Girls Scouts, Jennifer Bartowski in a recent Chronicle of Philanthropy article.

Sometimes what we learn from history isn't enough. 100-year old Girls Scouts is undergoing financial strain and "shrinking pains” after merging many of their councils in an effort to increase efficiencies in running their programs. Despite its longevity, the Girls Scouts are facing uncharted territory and huge challenges ahead.

At the front end of these mergers that shrank 312 councils to 112, Girl Scouts' leadership anticipated...

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

 

Read more in the Finance Fundamentals blog

Tags:  Execute Now!  Finance Fundamentals  Girl Scouts 

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Introducing Execute Now!'s Jody Deffes

Posted By Erica Crenshaw, Execute Now!, Tuesday, April 16, 2013

 

Jody Deffes, senior staff accountant  

"I have a small problem—I can't do anything halfway,” confesses Jody Deffes.

Deffes is a senior staff accountant with Execute Now! and has been assisting nonprofits with their financials for the past year. The nonprofits who've worked with Deffes during the past year have no doubt experienced his tenacious approach to financial management and his passion for educating his clients.

His first job as a teenager was in a bank performing the now extinct position of Coin Room Teller. "Twenty years ago, they would find a kid like me who wanted to work in a bank, wasn't afraid of ...

 

 

Read more about Deffes and the Execute Now! team in the Finance Fundamentals blog

 

Tags:  Execute Now!  Finance Fundamentals 

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