Building Bridges - The TANGO Blog
TANGO’s mission is to build bridges between the nonprofit sector and the business sector. The mission is based on the belief that the interests of the sectors are capable of being aligned, and that communities do better when their interests are aligned.
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An alignment of interests is not the same as a merger of interests. Each sector is responsible for different tasks within a community, both sets of tasks are necessary conditions for community stability, and each sector should be allowed to perform the tasks for which it is best suited without undue interference from the other. However, recognizing the equally important role each sector plays in the community, the sectors should support each other, and doing this will require a bridge over which information, ideas, problems, solutions, and goals are exchanged freely in both directions. |
The principles upon which the bridge will be built are the TANGO Founding Principles appearing at the beginning of our textbook, The TANGO Nonprofit Method. This Blog is one component part of the bridge we will be building, and it will be both a platform and a portal to identify relevant information, ideas, problems and solutions and to discuss them openly and critically. Finally, our roots are in the business sector, and we will bring “business-like” rigor to our commentary. We will be frank and clear so as not to be misunderstood, while always being respectful. We also invite counter-opinion from those who disagree. Having said this, our critique of nonprofit sector organizations will be based on the following rigorous standards and principles: |
ONE: Tax-exempt status is a privilege conferred by federal and state legislative acts. Tax exemptions and tax deductions reduce public tax revenue, and, as such, indirectly subsidize nonprofit sector operations.
TWO: The governing boards and management teams of these organizations must adhere strictly to high fiduciary standards when expending and managing the funds and assets of the organizations they serve. Moreover, as fiduciaries of financial and other assets dedicated to a public/charitable purpose, nonprofit governing boards have a higher level of responsibility than do our elected officials who are not held to fiduciary standards when they exercise their voting authority over public assets.
THREE: Nonprofit governing boards have a duty to develop a set of measures and metrics to gauge both internal operating functions and the social impact of their organizations. The applicable measures and metrics should be prepared in conformance with the fiduciary standards mentioned above consistent with applicable benchmarks, data, and known industry standards.
FOUR: Organizations should report prominently and candidly the results of operations relative to the measures and metrics. The fiduciaries governing boards of these organizations must have the courage to report poor measures and metrics, not unlike the manner in which publicly traded business organizations are required to do so – even if over the objections of management.
FIVE: Nonprofit Organizations should not misuse the emotional appeal of their mission. The emotional appeal of a mission statement should be subordinate to the measurement and metric outcomes.
November 2023 – Founders Forum by Rollin Schuster
As we approach the end of the year we are on track to have experienced the biggest growth of our membership since the early days of our existence. This is exciting because member growth drives innovation and the subsequent resources that we can deliver into supporting the sector. The old adage “ the bigger we get, the more we can do to help the sector” is true!
October 2023 – Founders Forum by Rollin Schuster
We’ve finally entered the Fall season; with that comes the beautiful foliage here in New England, the sweet taste of fresh apple cider from the local orchards and families getting together for the upcoming holidays. This is also the season of our Annual Conference which goes by the title “Building Bridges”.
Maximizing Nonprofit Impact: Leveraging Salary Budgets for Talent Acquisition Success
Nonprofits should carefully evaluate their budget constraints and consider the advantages of collaborating with Talent Acquisition firms. Redirecting funds from vacant position salaries should align with the organization’s broader financial strategy and mission.
September 2023 – Founders Forum by Rollin Schuster
Fall is upon us. It is truly is one of my favorite times of year here in New England . With it always comes a significant increase in activity as we move toward the close of another year.
As TANGO Member’s you will see an acceleration in the number of workshops and webinars we are hosting. This includes two of our most popular events; TANGO’s HR Forum, slated to take place on October 5th.
Celebrate Nonprofits at the Worcester Red Sox – August 30, 2023
It was a great night for Baseball and Nonprofits On August 30, 2023, The Alliance for Nonprofit Growth & Opportunity, known as TANGO, along with the Worcester Red Sox, hosted many leaders of nonprofit organizations from Central Massachusetts. There are big things...
Partners Perspective – September 2023
Financial Health Check Paul Ballasy, CPA Partner Financial Healthcheck With the pandemic over and the additional funding related to the pandemic ending, now is a good time to review the financial health of your organization. While the audit does provide you with some...
August 2023 – Founders Forum by Rollin Schuster
I love summer time and hope you had an opportunity to take a break and enjoy some time with family and friends. The older I get the faster time seems to fly by and I find it hard to believe that Fall is upon us.
Partners Perspective -Wealthspire Advisors August 2023
Impact Investing: Why it Matters for Investors Benjamin D. Kille, CFP®, CIMA®, AIF®, Managing Director Wealthspire Advisors What is “Impact Investing”? While the term was coined just over a decade ago, all investments have always had some sort of impact, even if those...
July 2023 – Founders Forum by Rollin Schuster
The collaborative platform we have built inspires socially conscious businesses to uniquely support the sector through their professional endeavors…and when executed perfectly, creates a classic win win for both parties.
Risks of Copyright Infringement
Learn more about copyright infringement and what to do if your organization receives a notice. Learn how to determine whether the notice is legitimate and when to seek legal advice and, more generally, understanding the risks of copyright infringement claims and taking steps to mitigate those risks where possible.
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