FASB Updates Financial Statement for Nonprofits
It has been 25 years since accounting standards changed the way nonprofit entities (NFPs) present their financial statements. The FASB has rolled out an update with new financial reporting requirements applying to all nonprofits effective for years ending December 31, 2018. These changes will both reduce confusion surrounding net asset restrictions and create transparency about the liquidity of nonprofits through more robust disclosures.
Click here to learn more courtesy of Litman Gerson Associates:
|
|
Making Magic Happen with Appreciative Inquiry
by Heidi Holtz, Stillworks Consulting
Only a few times in my life have I been fortunate to have one of those head-smacking, magical moments where a process blends seamlessly with a philosophy. You know the feeling – you talk the talk, and you even walk the walk – but how do you help others to “get it?”
Simply put, Appreciative Inquiry (or AI) is a strengths-based approach predicated upon the idea that organizations thrive when they continually ask themselves about, and focus on, their own existing success. It explores what works in an organization or situation rather than what is not working. Positively framed inquiries and interviews help discover times and conditions when the organization or individual felt most successful, valued and fruitful.
Click to continue reading
|
|
MNN Annual Conference - October 10, 2018
The 2018 Annual Conference will be held on October 10, 2018, at the Sheraton Hotel in Framingham. It is one of the largest gatherings of nonprofit professionals in the state and an ideal place for those working in the Massachusetts social sector.
You will have the opportunity to attend the workshops on a variety of topics for every stage in a nonprofit career, from fundraising skills to strategies to address equity, diversity, and inclusion in your organization. To register click here.
|
|
Cummings 100k for 100. 2019 Letters of Inquiry - Open Until October 1, 2018
Each year, Cummings Foundation awards grants of $100,000 each to 100 local nonprofits. This $10 million in funding supports a diverse range of causes, including human services, education, healthcare, and social justice. While some of these grants are made as single-year awards, most are multi-year awards, with payments spread over two to 10 years
Cummings Foundation accepts brief Letters of Inquiry (typically one to two pages in length) via its website from July 1 through October 1 each year.
Click here to begin a 2019 Letter of Inquiry
|
|
Do We Need a Budget for Diversity?
When formulating your diversity strategy, you must consider your budget. Yes, your budget. In the corporate world, where money is not a barrier, companies like SAP and Microsoft have created Autism at Work programs. SAP alone has committed to a goal of employing 650 Autistic team members. (Click here) to see a video on diversity and inclusion from SAP).
Achieving your diversity goals in the nonprofit arena can also impact the bottom line and needs to be built into financial plans. For example, I have worked with groups in the Deaf community, where boards are required to have a certain percentage of deaf members.
Click here to read more
http://emergingexecutive.com/budgeting-for-diversity/
|
|
On the Lighter Side
Birds of a Feather by Lorin Lindner. A wonderful book with a story of hope, healing and the power of animals, mainly birds.....and wolfdogs too. Inspirational easy read that brings a tear to the eye.
Two great movies: BlacKkKlansman and Sorry to Bother You: I dare you to see both movies and have nothing to talk about after!
Don't know much wine, but want to find some hidden gems? Bright Cellars Wine Club, launched by two MIT grads, created a "quiz" to find your unique taste profile. Then each month you get 4 different wines to try. Take the quiz here:
www.brightcellars.com
|
|
|
|
You are the architect of your life....It is in your hands to make of it as YOU please.
|
|
A Quick Reminder
Our services at Emerging Executive help nonprofit organizations through the most appropriate combination of consulting, executive coaching, or training for your organization, and always incorporates practical experience and feedback. Services include: board and leadership development, executive coaching, strategic planning, and grant writing.
|
|
Testimonial
“Nadia has been exceptional at helping me gain a better sense of the work and has been an adviser, teacher, implementer, and guide as I navigate chairing the organization’s Development and Marketing Committee. She wears all of these hats with ease and is always accessible."
Deb Farrar-Parkham
Board Member and Development, Communications and Creative Strategist
|
|
|
|
|
