Arts & Cultural Articles
Effective Strategies for Nonprofits to Reduce Expenses Without Cutting Staff
Posted by Elizabeth Krause on March 04, 2025
Nonprofit organizations can reduce expenses without cutting staff by investing in technology, leveraging partnerships and shared services, and optimizing business operations and vendor contracts. Additionally, focusing on employee development, utilizing volunteers, and implementing eco-friendly practices can lead to significant cost savings while maintaining the organization's mission and morale.
Managing Leadership Transitions in Nonprofits: The Role of Exit Agreements
Posted by Sarah Hopkins on December 24, 2024
Exit agreements are essential for nonprofit organizations to manage leadership transitions smoothly and fairly. These agreements, developed by the board of directors, outline the terms of a leader's departure, focusing on compensation and the ongoing relationship with the organization.
BDO Nonprofit Standard Newsletter | Fall 2023
Posted by Sarah Hopkins on October 23, 2023
Take a look inside the Fall 2023 Nonprofit Standard Newsletter.
BDO Nonprofit Standard Newsletter | Summer 2023
Posted by Sarah Hopkins on August 11, 2023
Take a look inside the Summer 2023 Nonprofit Standard Newsletter.
Using Benchmarking to Measure Nonprofit Performance
Posted by Robert Torella on June 19, 2023
Who needs benchmarking? You, your nonprofit’s employees and board of directors do! We explain how best to measure performance to reach mission-critical goals.
Nonprofit Standard | Spring 2023
Posted by on May 10, 2023
Take a look inside the Spring 2023 Nonprofit Standard Newsletter.
IRS Audit Rules for Nonprofits
Posted by Robert Torella on April 07, 2023
Your nonprofit may do everything by the book and still be selected for an IRS audit. Don’t panic! We explain the typical correspondence audit process and how to get through it.
Key Measures to Improve Operation Efficiencies for Nonprofits
Posted by Peter DeSabio on April 05, 2023
What if we told you that only four ratios mattered when it came to managing your nonprofit? Okay, that would be an exaggeration, but there are four measures that generally matter more than the rest.
Nonprofit Standard | Winter 2022
Posted by Sarah Hopkins on January 04, 2023
Take a look inside the Winter 2022 Nonprofit Standard Newsletter.
Nonprofits: Build-up Your Operating Reserves
Posted by Robert Torella on November 29, 2022
Just like the experts recommend you have an emergency fund for personal expenses, the same is true of building up your operating reserves. Start with a written policy and plan to weather emergencies.