Service Sector Snapshot: News and Tips for Nonprofits (September 2014)
Posted Thursday, September 25th, 2014 by Verified Volunteers Staff
When you think about nonprofit organizations, the phrase “Return on Investment” or ROI is likely not the first thing that comes to mind. But this phrase simply means that an organization is investing in something intelligently, with the expectation that it will lead to positive growth.
The types of investments made by nonprofit organizations might be in new projects or resources, research into better processes, or even investments made in background screening their team of people. Regardless of the investment, utilizing metrics and reporting to track the success of these initiatives is pivotal for any organization.
In this post, the latest in our monthly Service Sector Snapshot series, we’ve gathered helpful articles and information to plan for your organization’s success in the coming months. With the right tools, nonprofit groups are better able to understand their strengths and weaknesses, track the impact of their projects, and perhaps find more creative ways to raise funds!
Tips and Tools for Nonprofit Managers
Tracking Metrics – What, When and How?
Metrics and reporting are necessary parts of any successful endeavor, whether it’s professional or personal. But translating spreadsheets of numbers into endless graphs and tables is neither enjoyable nor effective for tracking progress and success. During the American Institute of CPAs (AICPA) Not-for-Profit-Industry Conference, Joan Benson and Mary Frances Pidgeon outline the key metrics that nonprofits should prioritize in their self-reflection. Check out the article here.
Calculating Project Impact
As a nonprofit organization, a big part of measuring success is trying to understand the impact your projects and efforts have on the community around you. Struggling to measure the effect of their own work, the Low Income Investment Fund decided to create their own Social Impact Calculator. Using the tool allows organizations to monetarily understand the impact of their community investments. Try it now!
#Fundraising Taking Flight
If your organization is not engaging with the community via social media, you might want to check out our July post about growing an online community of supporters. Now is the time to expand your reach via digital channels – not only to share your message and garner support, but to launch fundraising campaigns too.
News in the Service Sector
- United Way to Accept Donations Via Bitcoin
- Is Raising Visibility A Waste Of Time?
- Members Are Also Volunteering
- How to Inspire People to Make a Difference
Making a Difference
This month, we wanted to highlight two Daily Point of Light Award Winners, Michaela Coplen and Grace Franklin, who were honored for their unique volunteer efforts to benefit military families. Michaela (18) learned to channel her stresses and emotions into poetry to help cope with her parents’ deployments. Deciding that this might be a beneficial tool for other military kids, she began conducting poetry workshops around the country to help individuals channel and cope with their emotions. Grace (8) channeled her emotions a little differently. Recognizing that ending phone calls with her father while he was deployed was becoming increasingly difficult, she decided to start a new trend of ending each call with a joke. The funny habit quickly grew into a book of jokes that has sold more than 600 copies. Grace donates all proceeds to charities.
These extraordinary young women are excellent examples of individuals finding a creative solution to a very personal struggle. More importantly, they found a way to translate their own mechanism into something that can be shared with individuals around the world.
The service sector is constantly evolving and changing. Connect with us on Twitter, Facebook and LinkedIn for more news on industry trends and issues. If you’ve read an interesting article or found a useful tool recently, tell us about it in the comments below or contact us and we may feature it in future blog posts.