Healthy competition helps nonprofit groups

May 21, 2014

Healthy competition helps nonprofit groups

The concept of competition may seem better suited for a for-profit business than a nonprofit organization. While competition in the business field is often viewed as a race to use the most advanced technology and employ especially qualified staff to improve revenue, there are some methods that nonprofits can use to enhance their own operations. Competitive hiring practices such as exciting jobs and sustainable career paths instead of high salaries, can help a charitable organization continue to grow. Developing competition during fundraising drives can also provide extra motivation. While employees at nonprofits are dedicated to the mission of their organization, a good-natured contest to see who can raise the most money can not only add a new dimension of encouragement, but can also lead to better results.

Nonprofit Information points out that charitable organizations compete against each other for a variety of limited resources – government and corporate grants, volunteer hours, money from individual donors and more. Because these items are all scarce, nonprofits need to focus on organizing internal resources to boost performance.

Set lofty goals and encourage staff members
One way nonprofits can encourage healthy competition is by setting internal goals. While it's easy enough to have a contest to see who can get the most donations during a specific fundraising program, there are other metrics that can encourage employees and improve the organization's efficiency. For example, co-workers can apply those same simple competitive principles to signing up volunteers and distributing information about their organization.

There's another element of competition that is less understood and still developing, but extremely important. Fast Company recently highlighted the growing influence of trustworthiness on the operations of for-profit businesses, and how developing that trust is a long-term business booster. The same principle easily applies to nonprofits, where supporters are donating their funds not to receive goods, but to improve the local, national and global communities. Nonprofits should focus on trust by improving their transparency, allowing donors to see exactly where money goes and how operating budgets are structured.

Trustworthiness may turn into a competition with other nonprofits as well. The organizations that can provide the most information and show that they're doing the most good will likely win that contest.

Content presented by First Nonprofit Group, the leading provider of state unemployment insurance solutions for 501(c)(3) nonprofit employers.

single-post14628

Ready to chat?
Get in touch today to request a no-obligation savings evaluation.

Testimonials

Working with Marshal Whittey at First Nonprofit has been a great experience. He handles our request as a priority and goes above and beyond to resolve any issues we have in a timely manner. Marshall follows through to the end and ensures our needs are met. He has been a great resource for LSC and our “go to” for any tax questions we may have. With LSC transitioning several facilities into one federal tax identification number, First Nonprofit was able to assist and provide guidance with best practices resolving claims to each entity. Additionally First Nonprofit provided knowledge (information materials) and one on one training to HRS group with best practices to handle claims state adjudicated, fraudulent claims, and appeals. And processing information in the First Nonprofit [unemployment claims] system allows for timely information can be collected.

Lutheran Services Carolinas, Salisbury, NC

My experience with FNP has been wonderful. Unemployment in general is quite confusing and FNP has simplified the process for us. Everyone we have reached out to or worked with has been very helpful and follows up to be sure we understand the information. I am so happy we made the switch to FNP!

Stone Valley Community Charter School, Huntingdon, PA

First Nonprofit smoothed the unemployment perils for our organization during Covid. Without the ability to cap our UI exposure, we would not have been able to weather the storm. The program worked perfectly and we have come out of the pandemic ready to forge on. Thanks FNP!

Jewish Silicon Valley, Los Gatos, CA

My experience with the FNP has been fantastic. The idea of setting funds aside for the unemployment tax liability is a bedrock for nonprofit organizations like mine, namely ASHBA; what is even more advantageous is having the FNP as a custodian of those funds. 100% recommended!

American Saddlebred Horse & Breeders Association, Inc., Lexington, KY

I would like to comment on my experience with FNP….to date our District has saved $1,000’s of dollars by being enrolled in the First Nonprofit program. My only regret is that we did not know about this method of paying unemployment tax years ago….as I had figured about five years

ago, had we enrolled 15-20 years ago, we could have saved our small school district upwards of $500,000 in payments to IDES. Also we would have had a pretty hefty sum of money in our Reserve Account. Thankfully I attended a workshop hosted by First Nonprofit back in 2015 which got the ball rolling!

Beardstown Community Unit School District 15, Beardstown, IL

I have worked with the First Non-Profit Team for many years, and I appreciate the quick response and care that Cecilia and the team provides anytime I have questions. While there are other providers that may provide like services, First Nonprofit will always be my first choice! I appreciate you!

Innovative Services, Inc., Green Bay, WI

First Nonprofit has been easy to work with and makes the administrative process easier and smoother. We enjoy working with you.

Visually Impaired Preschool Services, Louisville, KY

Luckily for us, our interactions regarding any issues with staffing has been very minimal! I can say that all other interactions with regards to billing, 941 reporting, etc. have been extremely pleasant, accommodating and easy to work with. Kim Ghanayem is always prompt, professional and friendly. Thank you so much!

Neurologic Music Therapy Services of Arizona, Phoenix, AZ