Jul. 21, 2014 12:31 pm
Guest Post: The Point of Profit — Do You Really Need It?
This column is part of a monthly series by Tivoni Devor on “The Business of Nonprofits.” What is profit? Profit is all the money your organization has minus expenses, including salaries, bonuses, debt management, etc. Revenue minus expenses equals surplus revenue. Surplus revenue can be used in many ways including expansion, reinvestment and savings. If […]
Nov. 25, 2013 9:30 am
Guest Post: Steal This Nonprofit
(Photo by Niklas Wikström) There shouldn’t be intellectual property in the 501c3 sector. Many economists agree that patents and copyrights kill innovation, and the 501c3 sector needs to be innovative now more than ever. Nonprofits are literally designed to disrupt. Their mission is to change the way things are and make them better. You shouldn’t be able […]