Biz Coach Terry Corbell
Nonprofit boards need to be extra careful now that corporate giving is down as a result of the recession, according to Biz Coach Terry Corbell.
A business publication, http://www.crainsnewyork.com, reports that a study by LBG Research Institute reveals corporate giving is down 52 percent this year. That’s despite a 72 percent increase in pleas for donations.
“Effects from the recession and individual mistrust of charities following a wave of nonprofit scandals in recent years underscore the need for intensified governance by boards of directors,” writes Mr. Corbell in his Web site column entitled, “How Nonprofits Can Win Maximum IRS and Donor Confidence.”
His Web site: http://www.bizcoachinfo.com.
“In the wake of nonprofit scandals, the Internal Revenue Service wants nonprofits to be more transparent, which is why the agency altered Form 990,” writes the business-performance consultant and columnist.
Mr. Corbell further explains:
“Aside from providing efficient services and using best practices in fundraising and board teamwork, the keys to success include: Streamlining of financial management to reduce costs and increases in efficiency leading to performance, and insuring transparency in GAAP – generally accepted accounting principles.”
So, The Biz Coach writes there are three salient initiatives and a myriad of details nonprofit boards must implement for success.
A profit professional, Mr. Corbell has systems and strategies to relieve a company's financial stress, which includes a financial turnaround program on a pay-for-performance basis. Mr. Corbell provides complete solutions for a small retainer and one percent of the net-profit increase.
As a business-performance consultant, Mr. Corbell has written 450+ business-coaching columns since 2001 for several media Web sites. He currently writes an Internet business-coaching column, The Biz Coach, for the Money News page at Seattle's KIRO, the "2009 National Edward R. Murrow Award Winner for Overall Excellence."
He is a member of Society of American Business Editors and Writers (SABEW).
Many of Mr. Corbell’s business-coaching columns are being updated and archived on his Web site: The Biz Coach, “Proven Solutions for Maximum Profits.”
Mr. Corbell is a business-performance consultant and is managing member of CMS Associates LLC, http://www.cmsassociatesllc.com.
Mr. Corbell was honored when The New York Times featured him twice. For some of his other business tips, simply Google each of these headlines:
• Been There... Done That... Here's How
• Advice on Taking an Entrepreneurial Leap
Photo:
http://www.prlog.org/
