Expense Reductions
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.
NFP Seminar: Practical Strategies for Nonprofits in Today’s Economy (Ashland, VA)
Not-For-Profit organizations have their own distinguishing characteristics. And, while resources are often limited and restricted to charitable purposes, the operations of Not-For-Profit organizations must remain simplified yet efficient. Furthermore, your organization requires more detailed planning, and is under public scrutiny now more than ever before. Join us for CB&H’s Not-for-Profit Seminar where our panel of subject matter experts will provide audit, tax and investment planning advice to guide your organization in meeting its short- and long-term goals. Topics will include: Fair Value Accounting – What’s all the talk about and how does it affect me? As the world’s economy is becoming more complex and interrelated the. Read More.
NFP Seminar: Economic Challenges for Nonprofits in a Down Economy: Practical Strategies (Vienna, VA)
CB&H and Cordia Partners are teaming up to offer a Not-For-Profit Seminar in the Northern Virginia/Greater Washington area on “Economic Challenges for Nonprofits in a Down Economy: Practical Strategies to Increase Revenue, Contain Costs and Control Finances.” This will be a participatory forum led by three experienced nonprofit industry consultants that will focus on real measures that organizations can take immediately to help minimize damage and manage their finances in this difficult economic environment. The facilitators will share a number of innovations and participants will be encouraged to discuss measures they have implemented. Increased revenue, expense containment and staying in control of the. Read More.
Expense Reduction Opportunities for Nonprofits Looking to Cut Back
In this severe economic downturn, nonprofit organizations are looking for every possible way to trim expenses. Here are some very obvious ideas, as well as some that you may not have considered.