May 9, 2013
Many managers at nonprofit associations hear about big data and think to themselves, "How am I going to use these massive data streams to my advantage?" And they are not alone, as businesses throughout the world have struggled to maximize the potential of big data.
"The amount of information and data that we're collecting now is truly enormous in terms of the volume that is outside the four walls of the organization," Anand Rao, principal at PricewaterhouseCoopers, told CIO magazine. "Organizations don't have the right people, they don't have the right structure in place and they're still struggling with some of the tools and techniques."
Nonprofits must set concrete goals with big data
An article for Nonprofit Quarterly stated nonprofits need to focus on one set of numbers they can take insights from to improve marketing and fundraising. There are many people in the world talking about social change on blogs, websites and sites such as Twitter and Facebook. These are the pieces of information nonprofit organizations should focus on when deploying big data initiatives. Associations struggle when they try to harness too much information, making it difficult to provide any real-time insight to decision-makers.
Bring in the necessary talent
Capitalizing on big data doesn't happen overnight. In fact, it often takes a lost of planning and the necessary talent to ensure big data deployments are a success. The magazine featured the 5th annual Digital IQ Survey produced by PwC that showed learning from big data is often more difficult than originally believed for businesses, and nonprofits often face the same challenges.
While nonprofits may struggle to come across funding, if they want to truly benefit from massive information streams, the associations must bring in people that have a feel for the importance of big data insights into its infrastructure. Budgeting for data experts will help organizations realize the benefits of big data more quickly.
"You need someone who understands the business, can translate the business from a problem into a solution," Rao told CIO. "They have to understand enough about analytics to know that this type of problem requires that type of solution or analytics technique. If you can't find a single person, a team approach could work."
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.
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!
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!
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!
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!
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!
First Nonprofit has been easy to work with and makes the administrative process easier and smoother. We enjoy working with you.
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!