CPAs and Advisors with a Growth Agenda

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Finding Additional Revenue Opportunities in a Down Economy

By Kurt M. Miller , Cherry, Bekaert & Holland, L.L.P. (CB&H) In this rapidly changing economy, most nonprofit organizations are watching their bottom lines suffer. Investment losses and other factors are weighing heavily on the decrease in net income, which is forcing organizations to evaluate operations with a fresh eye. Initially, most organizations focus on cost containment. But once costs have been cut to bare levels for continued operations, it is the time to turn to what may generate additional revenue moving forward. Corporate Support Many nonprofits solicit corporations for contributions to support their operations. However, now that we are experiencing the worst. Read More.