The Distinguishing Features of Nonprofit Organizations
Cate Doty's article on "Training to Lead Nonprofits," which appeared in the November 11, 2008 edition of the New York Times, provides a summary of the activities that distinguish nonprofit organizations from for-profit enterprises. These activities are:- Fund-raising
- Community engagement
- Meeting ethical standards and legal requirements specific to non-profits
- Volunteer management
- Governance — the legal responsibilities of boards of directors and how boards operate.
- Financial management — the basic accounting and audit requirements for nonprofits. Subtopics include stewardship of the organization's assets, assurance of adequate resources, development and approval of an annual budget, current and year-to-date financial reports, and assurance that the organization is prepared for the annual audit functions.
- Program knowledge — how to develop programming and evaluate its effectiveness.
- Resource development — how to develop donor relationships that lead to effective fund-raising; foundation and corporate fund-raising.
- Nonprofit law and ethics — what specific laws to know and how to understand and make decisions that are ethical and sound.
Labels: Business acumen, Classroom training, Competencies, Decision-making, Employee development, Learning resources, Management practices, Professionalism
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