How nonprofits can treat “Founder’s Syndrome”

Of the many afflictions that can impede a nonprofit organization’s growth, one of the more deadly is “Founder’s Syndrome.” This occurs when a single individual — typically the founder, executive director or other long-term leader — wields a disproportionate amount of power and resists efforts to redistribute authority. Fortunately, there’s a potential cure. Note the […]

WW&D receives two awards

Wheeler Wolfenden and Dwares, CPAs has been recognized for the firm’s website by the Hermes Creative Awards and the Delaware Press Association. Hermes Creative Awards presented the firm with a Gold Award in the Professional Services Website category. With nearly 6,000 entries from across the US, Canada and 35 countries, the Hermes Creative Awards is […]

3 traits of growth-oriented nonprofits

What does it take to grow a nonprofit from a concept to a $2 million-plus revenue organization? A November 2016 study attempted to answer this question by surveying 200 social entrepreneurs funded by impact investing portfolios such as the Skoll Foundation and Silicon Valley Social Venture Fund. Even if your organization’s growth goals are relatively […]

Bidding made better with go/no-go analysis

To bid or not to bid? For contractors, this is always the question. When times are tough, you may be tempted to bid on anything and everything. During a more stable economic climate, however, you can and perhaps should be as selective as possible. How to make this critical decision is the question beneath the […]

Facilitating a smooth independent audit

Few of us enjoy taking tests, and unfortunately that’s what independent audits sometimes feel like. Even if you have no reason to be anxious about what your nonprofit’s auditor will find, preparing for and accommodating an audit can be stressful for you and your staff. But if you understand what the process entails and ensure […]

Improve your bottom line with accurate contract schedules

Tracking the financial minutiae of your contract schedule requires great attention to detail. But do you know what else requires great attention to detail? Construction projects! In the hustle and bustle to win, work on and complete jobs, it’s understandably easy to make accounting mistakes with your contract schedule or to simply lose perspective on […]

5 tips to find and keep event sponsors

Your special event’s attendees are critical to its success. But for any successful fundraiser, individual participants and donors are only half the equation. Corporate sponsors are the other half, whether they’re local businesses, Fortune 500 companies or in-kind service providers. Here are five tips for finding — and keeping — these valuable supporters. Tip #1: […]

Should you outsource HR management?

If your nonprofit organization has too much work and not enough staff to go around, consider outsourcing your human resources function. It could give your internal team more time to spend on other core duties, mission-driven programs and strategic plans. Benefits and drawbacks Labor-intensive responsibilities such as recruiting, training, benefits planning and administration, compliance monitoring, […]

Timekeeping doesn’t have to be a burden

There are several good reasons for nonprofits to make timekeeping a priority — including the requirements of government and private funders. But even if you weren’t obligated to track and allocate employee time, careful timekeeping can make your organization stronger. If your staffers aren’t always enthusiastic about the task, take heart. Newer software helps make […]