If we can't answer your question with any of the FAQ's below, don't hesitate to send us an email and we will get back to you as soon as possible.Â
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
|
|
What is the single most important rule of thumb for nonprofits to follow in order to stay financially stable? |
|
Have diversified funding sources. Don’t become too reliant on one source because if it dries up, you have no other avenues to pursue. |
|
Why is it important for small nonprofits to have an annual financial audit, even if it is not required by law? |
|
Because having an audit provides legitimacy and a certain level of credibility. Funders prefer that their grantees have annual audits. |
|
Why is having a committee structure encouraged by PIP? |
|
Having multiple committees and requiring sitting board members to serve on at least one committee enables each committee to meet separately, discuss appropriate issues and come to the full board meetings with recommendations rather than involve the board in many lengthy discussions, therefore not being able to focus on the big issues of governance, policies and procedures. |
|
What does outcomes data show results of PIP consultancies to be? |
|
Historically, more than 80% of PIP’s consulting clients report that they have doubled their philanthropic revenues three years after the start of the consulting program. Some organizations have shown extraordinarily better results. |
|
How much time must a nonprofit board dedicate to a PIP consultancy? |
|
At the beginning, the board or a designated group, will need to participate in an assessment process so that the consultant can familiarize himself with all aspects of the organization. After the board approves the work plan, action steps and corresponding tasks must be taken on by the appropriate groups. PIP asks that the board remain engaged, accessible and committed to the process throughout the entire consultancy.  Success is commensurate to the amount of effort that the board and staff put in. |
|
Why do PIP’s criteria require that nonprofits eligible to become PIP clients have additional staff besides the Executive Director? |
|
Because Executive Directors of small to medium-sized nonprofits typically wear multiple hats and carry the weight of many different aspects of the organization. Taking on a PIP consultancy can put added burden on an already over-burdened administrator. It helps to have another staff member or volunteer to carry some of that responsibility. |
|
|
|
|
|
FAQs