Merger and Acquisition Territory

Exactly 10 years ago as I write, I applied for a Vice President position at Edwin Gould. I just checked the cover letter and it was a masterpiece. Of course, one reason that I’m writing this is that I was rejected. No one could have known that Edwin Gould would be acquired by the former… Read More

990 Snooping – Revenue is Vanity, Income is Sanity, Cash is Cash

There are four long-term sources of financing for nonprofits – Fee for Service, Government Grants and Contracts, Donor Advised Funds, and Charitable Giving. The 990 does not make this information available easily. On Page 1, they blend charitable donations with government contracts*, Schedule B is a report of all donors over $5,000 and frequently that… Read More

990 Snooping – 990s Reveal Term Limits on ?

What is the effect of a long-term CEO and management team on a nonprofit? What is the effect of a board with relatively little turnover? The 990 reports the name and position of each board member and senior manager annually. Let’s compare the lists over a 4 year period (2013-2016). Unfortunately, the truth is a… Read More

990 Snooping Sundays – How to Avoid Bad Boards of Directors

All 990s report on Board Members and Managers. When you join a board, the risk is to avoid one that is stuck or failing. The 990 information is a springboard to other sources and patterns emerge of the best boards – and the worst!   What is the worst number of directors for a healthy nonprofit?… Read More

990 Snooping Sundays – Is Your Paycheck Safe?

This is the 5th of 10 articles on Sundays that look at the 990s to understand what is happening to nonprofits in general and give you some data for your own nonprofit. Today, the focus is on the ability of companies to make payroll. Is your next paycheck safe? I advocate for nonprofits to set… Read More

990 Snooping Sundays – Getting Paid More

No gossip column on 990s can omit the juicy topic of what we’re all getting paid. The 990 tracks highest paid compensation in two places – Part VII, Line 1d on the main form and also Schedule J (There are 16 additional schedules that can accompany the main form and sometimes this is where the… Read More

990 Snooping Sundays – Sleeping Assets

Are Your Assets Resting? Why would you buy a truck or a bus for your company and fail to use it?  Why would you hire a new accountant and fail to use her? We are supposed to buy fixed assets and employ people and get more money back than we spent. Nonprofits will focus on… Read More

990 Snooping Sundays – 10% Surplus

I’m doing a 990 study. Each Sunday for 10 weeks, I will give out one insight for leaders. Most people ignore the 990 and its 16 additional schedules. Life is too short to do all that reading! Sustainability Let’s start with a critical number – Net Income or Surplus. To start a company, cash is… Read More