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Q: What's in a Vision Statement?
One of the first things most newly-formed nonprofit organizations are told to do is create their mission statement and vision statement. And nothing stresses out a board more than trying to create a mission statement and vision statement!
So what are they and why do you need them? Let’s start with your Vision Statement, because that is an internal statement or document that your organization uses to remind itself what you want to accomplish.
A vision statement describes an organization's objectives and indicates what it would like to eventually accomplish. Your nonprofit should use it as a guideline to remind the board what you’d like to eventually become, based on your stated objectives for organization growth.
MOST organizations will start out with one vision, but that vision will sometimes change over time. There’s nothing wrong with slightly adjusting your Vision Statement as time goes by – just make sure you stay within your originally-stated purposes. Your Vision Statement is a formal statement, and should be included in organization documents.
Q: What are "Unqualified" individuals?
The IRS is pretty clear about individuals they'd like to see - and not see...serving on your nonprofit organization. They don't need to be rocket scientists, have a degree, or be a genius, but they should be qualified to advise the board on the purposes for which the board was organized.
They also should be involved in the management of the board and advise the organization staff on day-to-day operations. That's not to say they should be running the organization - but advising the staff who do run the organization, and being materially-involved, is important. If they don't know what's up, how can they serve and advise on your board?
Additionally, the IRS has specified those individuals they do NOT want to see serving on a nonprofit organization's board of directors, and those individuals are called "disqualified individuals."
Based on the IRS, their specifications are as follows:
Q: Brand Development for Nonprofit Organizations in 5 Easy Steps!
Ah yes..."brand development." This is something so many nonprofit organizations shy away from, but why? Have you ever heard of Goodwill? How about United Way or the Salvation Army? St. Jude's Research Hospital? YMCA?
Yeah - you know all of these. But how? Did they just appear one day and everyone started giving them money? Hardly!
Most of these nonprofit organizations were started years ago, and they all started small. They provided services and relief to individuals and families in their communities. They pounded the pavement, made their services known, helped their targeted clientele, and pretty much forced their brands (brand development) on the public! Not that that's a bad thing...
Click on the links and you'll see what those organizations make in profits today, and how they help their communities. You can help your community too - but it just might take a bit of time to develop your organization. But that's okay, because if you just help one person, or one family, or one community in need - you'll have done good for others. Isn't that what it's all about?
Read more: Q: Brand Development for Nonprofit Organizations in 5 Easy Steps!
Avenues to Independence - An Organization for Special Needs Adults
So many great people out there who want to setup a tax-exempt, 501(c)(3), nonprofit corporation, and the following video is a great illustration of just how effective such nonprofit organizations can be in a community. What a great story!
Avenues to Independence is a non-profit organization that provides homes, jobs and community living programs to Chicago-area adults with physical, intellectual, and other developmental disabilities, such as Down syndrome, autism, epilepsy and cerebral palsy. It is their goal to provide work and living opportunities enabling those with disabilities to be as independent as possible.
For more information, please visit the Avenues to Independence website.
Stimulus Check Calculator
The Stimulus Check Calculator computes how much money you are eligible to receive from the coronavirus (COVID-19) checks promised by the US government.
Click the dollar sign to go to the calculator and see if you qualify for a stimulus check.
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Nonprofit Quarterly
Non Profit News | Nonprofit Quarterly
24 July 2021
Journalism for Non-profit Organizations and Leaders
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Black Women in Philanthropy: The Art of Everyday Giving as Activism
Studies show that Black donors give 25 percent more than white donors. A few stories of Black women donors offer a window into some of the reasons why.
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PowerUp: An Impact Investing Approach to Building Latinx Wealth
Traditionally, Hispanics in Philanthropy has focused on grants. But COVID-19 pushed it to take on a new role as an impact investor.
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Advocates’ Report Highlights Barriers to Community Investment
A new US Impact Investment Alliance report, published by the New York Fed, is not shy about identifying obstacles to more widespread community investing.