ONEplace Blog

News, comments, resources, and more for nonprofits.

Economic Stimulus and the Nonprofit Sector

With all the buzz about economic stimulus monies flowing into the state, have you been wondering how - or if - your nonprofit could benefit? The following websites will connect you with federal and state programs and potential opportunities.

The stimulus initiative is huge and the information on these sites changes daily, as more specific programs and opportunities are finalized. Please note: grants being made available through the stimulus have very different rules, regulations, and deadlines than general, ongoing federal and state grants, so read the “fine print” carefully.

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State of Michigan's stimulus information
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http://www.michigan.gov/recovery
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Value of Volunteer Time

Volunteers are more valuable to your nonprofit than ever before—literally and figuratively. The Independent Sector has updated their estimated dollar value of volunteer time to an average of $20.25 per hour for 2008 ($19.29 for Michigan).

Keep track of volunteer hours and multiply them by $19.29 to learn the value of volunteer labor to your organization. Include the value as part of in-kind contributions in your budget. And, consider what it would cost your NP in real dollars should you need to purchase the services and expertise your volunteers currently provide.

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Value of Volunteer Time
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http://www.independentsector.org/programs/research/volunteer_time.html
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Essential Events

Two ‘must attend’ events for staff and board members responsible for nonprofit financial management and fund development will be offered during the next couple of weeks at ONEplace: Step-By-Step: Through The New 990 on Thursday, April 16, from 1 to 4 pm; and, Creating Sustainable Funding for Your Mission on Wednesday, April 22, from 2 to 4 pm. Both will be in the Van Deusen Room at KPL Central and both require preregistration.

The new 990 requires additional information aimed at increasing transparency and accountability in your financial management, relationships, and mission-focused activities and outcomes…items that will make the form more time-consuming to prepare and more helpful to donors and other funders. Come and learn what is expected with this year’s filings.

Sustainable Funding for Your Mission focuses on building a stable funding base through an individual-donor focused plan. A balance of funding sources is critical to NP stability. Too much emphasis is generally given to grants. Learn how to change that balance to individual donors for greater security over the long-term.

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ONEplace Workshops & Events
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http://www.kpl.gov/ONEplace/events.aspx
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