Community Foundation Investments – from DWD “Mission-Minded” blog

CarrieMinnichwebCarrie Minnich, CPA recently posted “Community Foundation Investments″ for Mission Minded, Dulin, Ward & DeWald, Inc.’s nonprofit blog.

Carrie’s post highlights information specific to the recording of investments with the Community Foundation of Greater Fort Wayne.  Although most community foundations are similar, please contact your accountant for details specific to your [organization’s]investment.

Here’s a snippet and link to her post:

Many nonprofit organizations partner with their local community foundation by placing endowment funds with the foundation.  A community foundation is able to combine funds from various nonprofits into professionally managed portfolios that allow greater diversification of investments than an individual nonprofit may likely be able to achieve.

Read more at Mission Minded

Indiana Secretary of State Reinstatement – From DWD Mission Minded Blog

Carrie Minnich (2) (576x800)
Carrie Minnich, CPA

Are you up to date on your business entity reports with the state of Indiana? Carrie Minnich in a blog post from August 2016 addresses how an organization can be reinstated if the reports have not been filed. The problem with not filing is that the organization will be administratively dissolved and may not conduct business.

Below are the steps Carrie mentions that are required to be reinstated.

1. “Complete Form AD-19, Affidavit for Reinstatement of Domestic Corporation and Form ROC-1, Correct/Change of Responsible Officer Information to obtain a Certificate of Clearance from the Indiana Department of Revenue.”

2. “The Certificate of Clearance will be mailed to you by the Indiana Department of Revenue in approximately 4 weeks.”

3. “Complete Form 4160, Application of Reinstatement. You must have a Certificate of Clearance from the Indiana Department of Revenue before the Application for Reinstatement can be filed.  There is a $30 reinstatement fee required with this form.”

4.  “Complete Form 48725, Indiana Business Entity Report and pay the required filing fees for all years owed.  It is not necessary to complete a separate form for each filing year owed; however, you must pay the filing fee for each year and complete the most current form.”

5. “Mail the Certificate of Clearance, Application for Reinstatement and Business Entity Report, along with the required fees noted in 3 and 4 above to the Indiana Secretary of State.  All four of these must be mailed together.”

To check your status with the state of Indiana, go to inbiz.in.gov/business-entity/filing/.

To read Carrie Minnich’s full blog post, click here.

 

Planning for Strategic Planning

 “Plans are of little importance, but planning is essential.” Winston Churchill

“…plans are worthless, but planning is everything.” U.S. General Dwight D. Eisenhower

Plan to PlanInteresting quotes aren’t they?  Neither great man was referring to the strategic plan nonprofit organizations should have, but the principle is certainly apropos nonetheless.  Planning for Strategic Planning is essential to effective organizations and often required for applying for foundation funding.

Below is the information that was presented at the August 23@4 program.

Strategic Planning to Plan PowerPoint

All About Strategic Planning

Effective Strategic Planning

Facilitation

How Not To Do Strategic Planning

How To Start Strategic Planning

Matrix Map

Strategic Planning Toolkit

Strategic Planning Kit for Dummies

 

Is Your Strategy Sound? – Mike Stone, Impact Strategies

Mike Stone, of Impact Strategies with a plethora of experience in strategy work, has identified two key elements that make your strategy sound. The first is organizational core and the second is strategy driver.sound-strategy

Organizational core is defined by Mike as “your strongest competencies aimed at the highest priority needs of your targeted population, within your defined domain.” He uses the example about a nonprofit who’s mission it is to reduce recidivism of ex-offenders by giving them the tools necessary to gain and retain employment. So, their strongest competency would be educating, priority needs are the skills for gaining and retaining employment, and the domain would be the criminal justice system of the area.

The second piece, strategy driver, is the “nature of your business and consequently provides the lens through which program decisions and resource allocations are considered.” Now the ‘drivers’ can be three different options: client-driven (based on target population), service-driven (the nonprofit’s content expertise), or domain-driven (the nonprofit responding to the changing needs/preferences within their identified domain).

In utilizing Mike’s method of organizational core and strategy driver, your conversations about strategic development will be more focused and consistent.

To read Mike Stone’s full blog post about a sound strategy, click here.

Fall 2016 Board Boot Camps

Are you a new board member? Has your organization recruited new board members in the last year? Or curious about how you can begin to engage in nonprofit service? Sign them up for Board Boot Camp or Board Boot Camp 2.0 today!

Who?

Board Boot Camp is for emerging leaders or new nonprofit board members with one year or less board experience or who are wondering if board service is right for them.

Get on Board Logo Horizontal RGB-01Board Boot Camp 2.0 (prerequisite Board Boot Camp) is for emerging leaders who  one year or more experience on a committee or board.

What? 

Expert facilitator Mike Stone from Impact Strategies, Inc. leads Board Boot Camp, introducing: basics of the nonprofit sector, responsibilities of a board member, how to find a fit with an organization

Attendees in Board Boot Camp 2.0 will learn more about the responsibilities of serving on a board. Specifically this program will go in depth on finance and strategy. Facilitators Mike Stone and Erin Whittle will lead participants in engaging programmatic and financial case studies.

When?

Board Boot Camp – Saturday September 17th 9:30 am to 1:30 pm

Board Boot Camp 2.0 – Saturday October 22nd 9:30 am to 1:30 pm

Where?

Allen County Public Library, Main Meeting Room B

Details?

Program costs $15. Can be paid in cash or check.  Due by the event date. Payable to Paul Clarke Nonprofit Resource Center. Drop off payment at the Paul Clarke Nonprofit Resource Center or mail to Paul Clarke Nonprofit Resource Center 900 Library Plaza, Fort Wayne, IN 46802.

RSVP required. Click here to register for Board Boot Camp September 17th and click here to register for Board Boot Camp 2.0 October 22nd.

 

pcnrc and foellinger

Board Boot Camps are a Get on Board program of the Paul Clarke Nonprofit Resource Center with grant support by Foellinger Foundation.

Meet the Funders Re-Cap

In 2016 saw another successful Meet the Funders event which began in the ACPL Theater with a panel of foundation representatives discussing trends in the nonprofit sector, particularly philanthropy.

The Panel

20160802_094220The question of awarding general support or multi-year grants drew the following responses from our panelists:

CFGFW: 90% of our awards are for general support, but we do not award multi-year grants.

Foellinger: we provide both.

Lincoln: presently we provide program support only, though is includes overhead and they award some multi-year grants.

McMillen: our major interests is Wildcats for which we provide general support, for others only capital is funded.

AWS: our first priority is program support, which also includes overhead; second is capital and third is general support. We award few multi-year grants.

A question from the audience about the Fair Labor Act and its effects on local nonprofits elicited mutual concern from the foundations with at least one saying that are looking at the impact it will have. If you want to know more, a Briefing prepared by Indiana Nonprofit Sector Project Kirsten Grønbjerg, Director, Indiana University SPEA reports that “ …the new regulations in the Fair Labor Standards Act are likely to significantly threaten the financial capacity of many nonprofit organizations in Indiana and elsewhere.

Another audience member’s question was about whether having a professional grantwriter is advantageous to their nonprofit’s grant application. Responses from panelists included the following tips (paraphrased):

“A professional grantwriter is not always best…while their writing will be quite good, passion is often missing.”

“…this is a great opportunity for [your] nonprofit board…get them involved [in the application process and writing]”.

“Have the nonprofit’s name and the contact information on the proposal. [I] may not remember the organization and you, just because we spoke on the phone.” Continue reading

Strategy – what is it?!

We’ve heard the word ‘strategy’ a lot lately at the PCNRC. Has the word been tossed around at your nonprofit? It’s definately a buzz word for the nonprofit sector.

strategyMike Stone, founder of Impact Strategies (a company “helping nonprofits make a difference”), is a guru when it comes to talking about strategy. On the Impact Strategies website, Mike has a blog with a treasure trove of strategy information. Over the next few months, we will be sharing some of his posts. The first one – you guessed it – is about the word ‘strategy.’

I agree with Mike – one needs to understand the word before moving into core conversations about another buzz term ‘strategic planning.’ He mentions that the basic of ‘strategy’ is organizational effectiveness. It encompasses the organization’s position, trade-offs, and fit.

To read Mike’s full post, click here.