an environmental scan of the climate and operation of the organization in order to get SMART goals and to make decisions about what activity to continue to do more
Strengths (SWOT)
things your nonprofit does well, and internal factor
Weaknesses (SWOT)
things nonprofit does not do well, an internal factor
Opportunities (SWOT)
exploring innovation, an external or internal factor
Threats (SWOT)
things you have little control over, an external factor
Strengths mindset
started when gallup did research in high achievers and they found successful people build on what they are good at
Talent
a naturally recurring pattern of though, feeling, or behavior that can be applied
Talent x Investment = competence
what you are predisposed to being good at and what you invest time in is what you are good at
executing
implementing ideas into practice and turning ideas into reality
relationship building
help hold a team together. make a team greater than the sum of their parts
strategic thinking
help you make better decisions and create better outcomes. great at helping teams become what they can be
influencing
take charge, make sure your voice is heard and help others be heard, great at selling ideas inside and outside organization
fee-for-service
paying to use the service provided by nonprofit (museum)
special events
large events that have sponsorships
corporate grants
grants directly given by business, typically through their corporate social responsibility (CSR)
foundation grants
money given by an organization specifically established to grant funds to qualified groups
sponsorships
agreed-upon benefits for agreed-upon price (naming highway)
individual donors
people giving directly to the organization
restricted spending
money given for one specific program/cost
unrestricted spending
money given which you can spend however you want
profit and loss statement
chart outlining the profits and losses of an organization throughout an entire year. can be made month by month
990 form
tax form about nonprofit expenditures
overhead
payments made to people working the business, tools, and rented space. small as possible
guidestar
website which will help you find, read, and understand nonprofit publicly available
fiduciary
someone with special responsibility in connection with the administration, investment, monitoring, and distribution of property
duty of care
what an ordinarily prudent person in a like position would do
duty of loyalty
in the best interest of the corporation
duty of obedience
sticking with the mission
boards 2 primary roles
resource provider and monitor
high functioning boards
Focus on meetings, recruitment and board leadership, Set annual performance goals for the board, CEO and nonprofits, and Evaluate for purpose of improvement
succession plan
every board should have a plan on how it will be succeed in each cycle