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We encourage you to contact Hood & Strong LLP for help or advice in any of these areas to keep your non-profit strong and successful.
Your comments on the
e-newsletter format are welcome and encouraged, please direct them to notforprofitgroup@
hoodstrong.com
Sincerely,
Hood & Strong LLP
Not-for-Profit Niche
Kathy Grogan
Lynn Henley
Susan Malone
Mollie Marshall
Stephen Piuma
Robert Raffo
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Back to the future—Rely on financial statements to make decisions for the future
 Financial statements provide a wealth of financial data on a nonprofit’s most recent month, quarter or year. But they also have valuable information to make business decisions and plan for the organization’s future. This article discusses the purpose and components of different financial statements, and how the information can be used to investigate budget variances, plan for the near future, and evaluate the organization’s effectiveness in meeting its mission. A sidebar explains how benchmarking against industry statistics can help identify strengths or weaknesses.
Full Article
Avoiding donor fatigue
 Year after year, not-for-profits contact the same people to solicit donations or sponsorships for a special event. But at some point, even the most benevolent souls experience donor fatigue and don’t want to be asked again. This article offers tips on how to stay engaged with a donor base while not having fundraising efforts erode hard-won relationships.
Full Article
Lease negotiations—Is it time for a new home base?
 With the economy still on the mend — and the commercial real estate market far from top form — it might be a good time for a nonprofit to look for a new building space to lease. Or it might want to renegotiate its current lease with a landlord who doesn’t want to risk the financial impact of a vacant space. This article discusses some of the costs of leasing a new space, and offers six important points to weigh before signing a lease.
Full Article
News for Nonprofits
 This issue’s “News for Nonprofits” explains how reluctant not-for-profits can break into social networking and looks at payroll reporting for deferred compensation payouts.
Full Article
This publication is distributed with the understanding that the author, publisher and distributor are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and, accordingly, assume no liability whatsoever in connection with its use. ©2011 NPAas11
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