Managing a non-profit organisation is one of the most rewarding things that anyone can think of. It comes as no surprise that those who are part of non-profit organisations, regardless of the field or sector, are truly working towards making this world a better place. As a non-profit manager, you should often step back and take pride in what you do; you know that you are making a difference even if you are still at the beginning stages. All the activities that go on inside the organisation are intended to improve it, making the organisation even more influential. In a non-profit organisation, you have the chance to treat people and be treated as a person and not just a figure or a number as opposed to the corporate world. The rewards of managing a non-profit are endless. However, it is a challenging job that never gets easier. We know that you may wonder if the tiny milestones are worth all the challenges that come your way at times, and this is why we are here to tell you how managing a non-profit can be as easy as it is rewarding.
Review Your Policies
Any non-profit organisation’s board must cover all the fundamental policies in the aspect of good management and governance. New policies should also be established regularly whenever new issues or topics of interest arise. The key to effective management is to ensure that the policies cover all issues, are reviewed frequently, and are updated whenever necessary. Having a “Code of Conduct and Professional Ethics” policy is a must; it is one of the basic management policies that organisations should have. This policy serves as a guide for the organisation’s ethical and moral principles, behaviours, and management decisions. A “Conflict of Interest” policy is also one of the most basic and important non-profit policies. This policy prohibits that any party can benefit personally from the organisation. Parties must announce the conflict and abstain from voting on anything that has to do with it. A “Whistleblower” policy that allows employees to point out inefficient accounting or financial practices without being at risk of retaliation is another fundamental policy. A policy that outlines document destruction and retention practices is also needed. You should refer to IRS Form 990 to find out the standards of this policy. Your policy should generally state when and how documents should be destroyed, which documents should be kept, and how long they should be kept.
Technology and innovation have undoubtedly made various jobs much easier. As a non-profit manager who has plenty to take care of, you should make use of novel software, click here to find out how it can make your job easier and efficiently manage your resources. Using board management software, board directors and vital members of the organisation will be able to share files and communicate effortlessly, easily, and securely. This saves time, diminishes miscommunication, and decreases cyber-security threats. You will ensure that all your data is present on one platform and is available whenever you need it, wherever you are.
Non-profit organisations are all about the public good and trust. Having people’s trust is one of the most important aspects of a successful non-profit organisation. This can be made possible by being totally transparent with the public and holding yourself accountable for your actions. You should always keep in mind that negative feedback spreads faster than positive. If one donor loses their trust or speaks up about a negative experience, your non-profit organisation will be quick to lose its reputation. As a result, your organisation’s finances will be severely hindered as well. Having clear policies and disclosing copies of the organisation’s tax-exempt status application, the most recent tax annual returns, and similar documents can help earn the trust of the public. You should also consider answering the optional questions at the end of IRS Form 990. These questions typically revolve around executive compensation, conflict of interest, document retention policies, and other topics of importance. Being transparent with your policies can show the public that your management practices are well.
Fundraising and Financing
Having a finance committee for your non-profit can help you manage your organisation better. This committee should be able to work on a budget and follow the financial policies. You should regularly follow up with and oversee the committee. It is great to have access to financial experts that the board can consult whenever needed.
Managing a non-profit organisation is one of the most rewarding jobs you can find. There is nothing that compares to knowing that you are making a difference as you set out for work each morning. Though, like everything else, being a non-profit manager has its challenges. Hopefully, these tips can help make your job easier.