In this episode of The NonProfit Nook, host Wendy Kidd tackles prevalent myths that hinder nonprofit organizations. She addresses misconceptions such as non-profits shouldn't make a profit, nonprofits can't pay well, nonprofits are competitors, and the anxiety around fundraising. Wendy emphasizes the importance of financial sustainability, fair compensation, collaboration, and relationship-based fundraising to build stronger and more effective nonprofits. Tune in to learn how to challenge these myths and improve your organization's practices.

Links:

https://www.bosslevelengaged.com/services-for-nonprofits-nonprofitnook

https://thenonprofitnook.com/

https://www.youtube.com/@BossLevelEngaged

00:00 Welcome to The NonProfit Nook

00:52 Myth Busting for Nonprofits

01:52 Myth 1: Nonprofits Aren't Supposed to Make a Profit

03:39 Myth 2: Nonprofits Can't or Won't Pay Well

05:28 Myth 3: Nonprofits Are Each Other's Competition

07:02 Myth 4: I'm Not Good at Fundraising

08:35 Conclusion and Call to Action

Mentioned in this episode:

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Benevolate

In this episode of The NonProfit Nook, host Wendy Kidd is joined by Andrew Lee from First United Bank to discuss the importance of cultivating strong relationships between nonprofits and their banks. With nearly 18 years of banking experience, Andrew highlights key benefits and strategies for nonprofits, emphasizing the importance of open communication and understanding the organization's needs. He also shares practical advice on financial management, internal controls, and common mistakes to avoid. This episode provides valuable insights for nonprofit leaders seeking to strengthen their financial foundation.

Links:

Andrew’s LinkedIn: https://www.linkedin.com/in/andrew-l-b360892b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app

https://www.bosslevelengaged.com/services-for-nonprofits-nonprofitnook

https://thenonprofitnook.com/

https://www.youtube.com/@BossLevelEngaged

00:00 Introduction to Open Communication in Nonprofits

00:21 Welcome to The NonProfit Nook

01:05 Introducing Andrew Lee from First United Bank

01:50 Building Relationships with Your Banker

03:54 Benefits of Having a Go-To Banker

06:09 Common Mistakes Nonprofits Make

13:34 The Importance of Internal Controls

18:24 Key Moments to Consult Your Banker

18:54 The Role of Community Banks

20:13 Identifying Green Flags in Banks

21:38 Purpose in a Pocket: First United's Community Commitment

23:04 The Importance of Nonprofit-Banker Relationships

29:04 Supporting Small Nonprofits

30:32 Final Thoughts and Encouragement

32:31 Conclusion and Contact Information

Mentioned in this episode:

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Benevolate

In this episode of The Nonprofit Nook, host Wendy Kidd interviews Michael Garrett, a nonprofit innovator and efficiency strategist, about the practical use of AI in the nonprofit sector. Garrett discusses treating AI as a new employee that requires onboarding and training to become effective. They delve into how nonprofits can utilize AI for grant writing, managing tasks, and social media. Garrett also highlights the importance of constantly questioning AI outputs and feeding it accurate information. They conclude with actionable tips for nonprofit leaders to get started with AI and avoid common pitfalls.

Links:

https://trustedworld.org/

https://missionmetrics.org/

AI Toolkit for Nonprofits: https://missionmetrics.org/ai-prompt-toolkit-for-nonprofits/

https://www.linkedin.com/in/michael-garrett-nonprofit-innovator/

https://www.bosslevelengaged.com/services-for-nonprofits-nonprofitnook

https://thenonprofitnook.com/

https://www.youtube.com/@BossLevelEngaged

00:00 Introduction to AI and Onboarding

00:28 Welcome to The Nonprofit Nook

01:16 Introducing Michael Garrett

01:58 The Power of Data in Nonprofits

03:04 AI in Nonprofits: Grant Writing and Beyond

04:42 Training Your AI: The Merlin Example

10:13 AI for Daily Operations and Efficiency

11:51 Six Sigma and Nonprofit Applications

13:01 Getting Started with AI: Tools and Tips

14:33 Understanding Human Bias in AI

15:50 AI Toolkit for Nonprofits

17:55 Navigating Nonprofit Finances

18:53 AI Data Security Concerns

20:11 AI Hallucinations and Guardrails

24:09 Practical Uses of AI in Nonprofits

26:22 Training AI for Better Results

28:54 Final Thoughts and Future Workshops

Mentioned in this episode:

Benevolate

Enji