Nonprofit Westchester Executive Director Joanna Straub
The Sector’s Top Challenges: “Most government contracts haven’t had any increase to their funding to be able to cover the increased cost of doing business, putting a bigger strain on nonprofits to raise additional private funds…. [we also face] challenges around board member recruitment and engagement, as well as implementing the ever-increasing number of regulations such as those included in the Nonprofit Revitalization Act. “
Funding: “Funding is always a challenge for nonprofit organizations. [At the meeting,] we focused on how to tell your organization’s story while sharing the ways your nonprofit can craft the presentation and narrative to focus your board, staff, and funders on what’s important, and the impact they can have.”
Building a Board: “Board involvement is crucial, as is finding that balance between narrative and a good grasp of the fundamentals of the numbers. There was also universal agreement that the group needed to meet regularly in order to share ideas and information.
Want to know more about the business side of the nonprofit sector? Stay tuned for our Business of Nonprofits article in the Q4 issue of 914INC.