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Why Are Nonprofits Experiencing An Insurance Crisis? And What Can the Nonprofit Sector Do About it?

Blue Avocado

If you’re reading this, you probably already know about the problems that nonprofits like yours are facing with their insurance: Rising insurance premiums, poor coverage from commercial insurance carriers, and in some cases, the loss of coverage altogether. Why are insurance rates soaring for nonprofits?

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Learning from peers to refine your nonprofit funding strategy

Candid

A useful early step is to look at what peer organizations are doing. Benchmarking against peers can help you refine your assumptions about what being financially sustainable could look likeor develop entirely new assumptions. It helps to analyze both the most recent years revenue mix and data from previous years.

Funding 98
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Is There An Inequality Tipping Point for Nonprofits?

Blue Avocado

As smaller donations continue to decline, the philanthropic system is at risk of catastrophic failure if high-net-worth individuals, driven by natural human fears, feel a need to give less and less as insurance against a dangerous future. But as climate change is manmade, it may have not just ecological but also sociological tipping points.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

This will include money for payroll, benefits, payroll taxes and contract employees. Nonprofit Insurance Many nonprofits purchase nonprofit insurance when starting their organization. Business insurance is to protect nonprofits from any claims against the nonprofit made as a result of normal operations.

Insurance 114
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How to Build a Better Nonprofit Budget in Less Time and with Less Stress

Blackbaud

Work with the heads of each department to analyze expense history, review contracts for any automatic expense increases, and evaluate the strategic plan for any additional expenses to include. These are set costs like headquarters rent, insurance, and administrative salaries.

Budget 118
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Analyzing Budgets and Saving Money at a Nonprofit

Get Fully Funded

Speak with your accountant to explore what “contract positions” entail. It might be possible to keep staff members on a contract basis until your organization can sustain employees long-term. Service Contracts – Don’t forget to reassess annual service contracts. Fact: there are currently over 2.7 But you can’t avoid it.

Budget 98
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How to Improve On-Time Tuition Payments

Blackbaud

The tuition cycle starts with the school’s contract, which should clearly outline policies, expectations, and consequences that families acknowledge during enrollment. Having that contract roll from the school’s admissions software into its tuition management system helps eliminate chaos and confusion. Engaging quickly.

Contracts 105