Is work in July for Problems or Plans? Choose with the Rockefeller Habits

Many nonprofit leaders face an unending mountain of tasks with no clear path to a better life and leadership. I managed the chaos — by Mastering the Rockefeller Habits. Capital One Bank has graciously agreed to host so its free for you. June 20 at 8:30am – 10:30am at 320 Park Avenue. Write me at… Read More

Wasting Money to Count Money?

I stopped rolling pennies to take to the bank. I realized that I can only fill, tape, and address a roll of 50 cents every five minutes. My maximum profit is $6.00 per hour and it’s cheaper to use the machine at the grocery store! Now the same process is happening at the school that… 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

Are You Reading the Wrong Financials?

If you’re out of cash, you’re not the first leader to have the experience. In 2010, the New York Metropolitan Opera ran out of cash. They were surprised. They had a balance sheet which was filled with rich things. They had a budget of $291 million. Here they were, humiliated and humbly asking singers to… Read More

Getting Past Cash Problems When You Can’t Find 500 Donors to Give More

I’ve never been in a plane that ran out of fuel. Having fuel is such a critical part of travel but airlines plan carefully. I have never heard a pilot announce that we have to land in the wrong city because we need more jet fuel. Non profits are having more and more trouble with… Read More