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News Update:
Tips of the
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| Editor's Note:
Most nonprofits have been tightening budgets
across the board. While some sector conferences have experienced
double-digit declines in attendance, others have sold out with
people scrambling on the wait list.
We want to hear from you. What makes a
conference hot or not? Are your conference choices made by
budget constraints or are some conference topics no longer
appealing?
Please take a minute to fill out this survey
- and feel free to forward it to friends and colleagues in
the sector. As always, thank you for your
participation.
http://www.surveymonkey.com/s.aspx?sm=enn8ZQ_2bnOQbR2HKl3G_2f1Ig_3d_3d |
|
TV Programming To Spotlight Volunteering And
Service
Celebrity star power will be on hand at the
nation’s largest conference on volunteerism to detail
plans for a new multi-year campaign to help make public service
a national priority.
As reported exclusively on www.nptimes.com this past
Tuesday (June 16), the centerpiece of the Entertainment Industry
Foundation’s (EIF) push will be to include national
service into programming by the major television networks this
fall. ABC, CBS, NBC and Fox have all agreed to write service
into the fall programs, multiple sources told The NonProfit
Times.
To read
the complete article click here... |
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Finance ...
7 relevant
factors with UPMIFA
Appropriate? Accumulate? What is
an organization to do with those funds?
Speaking at the AICPA
Not-For-Profit Financial Executive Forum in Anaheim, Gary McGee,
CPA explained the Uniform Prudent Management of Institutional
Funds Act (UPMIFA), is law in 25 states and has been proposed in
eight others.
Uniform Law Commission passed
UPMIFA in 2006. It replaced the 1972 UMIFA, which has been
considered a success but has portions that are considered to be
out of date. The new act establishes a more sound and unified
basis for charitable fund management. It is intended to address
prudent investing and endowment spending.
McGee said that, in making a
determination to appropriate or accumulate, an institution is
expected to act in good faith, with the care that an ordinarily
prudent person in a like position would exercise under similar
circumstances, and consider, if relevant, the following seven
factors:
-
The duration and preservation of
the endowment fund.
-
The purposes of the institution
and the endowment fund.
-
General economic
conditions.
-
The possible effect of inflation
or deflation.
-
The expected total return from
income and the appreciation of
investments.
-
Other resources of the
institution.
-
The investment policy of the
institution.
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Human Resources ...
Beating back 10 career
roadblocks
There might be many roadblocks
in your path to success, according to James Weinberg, founder
and CEO of Boston-based Commongood Careers. But identifying
those roadblocks can help you plan an alternate route -- or
blast away obstacles in your path, according to Weinberg during
NTEN’s 2009 Nonprofit Technology Conference.
Here are some common obstacles
you may find:
-
Planning. You need to
identify your goals.
-
Confidence. You know those
goals you just made? Triple it, according to Weinberg.
It’s still possible.
-
Skills. You can acquire
skills by education or learn by experience.
-
Experience. This can be done
on-the-job or outside of work.
-
Family. Your job
shouldn’t be your whole life. Strike a balance that works
for you.
-
Boss. Tell your boss if you
don’t feel you are being cultivated as an employee. If
that doesn’t work, try to find another job. It will be the
boss’s loss in the long run.
-
Money. Education is
expensive.
-
Networks. Look for quality
and quantity. Networks will help you get where you need to
be.
-
Resolve. Try to keep
advancing but stay flexible, according to Weinberg.
-
Other. Analyze what you
think is holding you back. |
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Legal ...
5 tips for Form 990 conflict
compliance
It would take most of the day to enumerate
all of the parts of the revamped Form 990 issued by the Internal
Revenue Service (IRS) -- and anyone who tried to read them would
have a nervous breakdown before getting to the end
anyway.
Probably the most important features to
remember about the new 990 are that it is here to stay and it
covers an extremely wide range of areas.
Catherine Oetgen and Sarah Siegel,
associates in the law firm Perlman and Perlman, LLP in New York,
caution that one possibly overlooked area in the new 990 is that
of conflict of interest.
Many problems can now incur much stiffer
penalties. Authorities can impose financial sanctions, remove
directors (in extreme cases the entire board) or seek criminal
penalties.
With that in mind, Oetgen and Siegel offer
their five tips for conflict compliance. They are:
- Adopt a comprehensive conflict of interest
policy.
- Annually distribute disclosure
questionnaires to directors, officers and key
employees.
- Create a conflict decision tree to address
conflict scenarios before they arise.
- Educate the board and staff on the
importance of conflict disclosure.
- Review the conflict policy periodically to
make sure it continues to meet the organization’s
needs.
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