Managing a nonprofit (foundation) organization requires knowledge of state regulations or applicable Internal Revenue Service (IRS) codes dictating the requirements for maintaining your nonprofit status. Also required are basic business management principles to keep the organization on a sound financial footing to meet its mission effectively.
Understanding the aspects of nonprofit management allows us to apply the appropriate management principles to your nonprofit. Through our services, we are responsible for directing activities and the use of resources for your nonprofit in order to produce a community service. We also offer a very extensive background in Sports Administration for community organizations focused on athletics as their tool for fulfilling their mission and reaching their target market.
- Review and understand the requirements under which you must operate your organization to stay within the laws governing your nonprofit.
- Determine whether your organization has an IRS 501(c) classification. nonprofit must do the proper legal filings to obtain a 501(c)3 tax-exempt status from the Internal Revenue Service.
- Read and understand your bylaws to ensure you follow the requirements to operate the organization under which your IRS status was granted.
- Groom future board and committee members in advance of their service by recruiting potential officers and chairs to serve on committees. Recruit from your membership base, industry vendors and suppliers, academia or well-known celebrities or industry leaders.
- Work with legal counsel and a tax attorney to ensure that your operating procedures, accounting and any activities your organization conducts fall within the limits of your nonprofit designation.
- Look for ways to improve what the organization is already doing by getting input from those who run events, organize fundraisers or receive benefits. You may be able to cut budget costs or increase community awareness by talking to those who have been doing the bulk of the work in any one area.
- Responsible for liaising with the board members to make sure they are being effective
- Develop policies, objectives and measures of performance for volunteers as well as for paid employees.
- Responsible for identifying the resources necessary to achieve the organization’s goals.
- Review the successes and failures of all events, fundraisers and community projects. Evaluate with your key people (board members, event chairmen or community leaders) what worked and what could be improved upon. Always keep things positive and moving forward.
- Develop relationships within the community’s political, nonprofit and business sectors. These relationships will help in spreading the word about your organization’s mission and improving community involvement.