Various nonprofit sectors have experienced a range of impacts. Conferences and group meetings are being delayed or cancelled. Nonprofits that provide services where direct contact or travel is required are heavily impacted. Fundraising and earned income streams are taking a hit. Other impacts will depend on sector:
Some of our recent work has highlighted for us the difficult path that certain nonprofit leaders tread when attempting to shift their revenue mix, especially when moving from reliance on contributed to a more sustainable revenue mix that might include earned income components.
PBS News Hour recently aired an interesting piece on a social impact bet Goldman Sachs placed on a New York City jail program run by the highly respected MDRC and underwritten by Mayor Michael Bloomberg’s personal foundation Bloomberg Philanthropies.
Salary survey data should come with use instructions and disclaimers, because they set incorrectly low expectations on compensation required to retain and recruit accomplished nonprofit executives. Here’s why.