There are many steps to applying for large government grants. Each step is equally important to securing the funding your organization needs for growth. Over the next several weeks, we are planning to outline, step-by-step, the general process inherent in obtaining these grants. Our hope is that other professionals advising or working within the NPO community will comment and offer their own suggestions or opinions. We believe that such productive dialog will be helpful toward bringing more efficiencies (and money!) to Delaware nonprofits.Read More
Update on HB 187 (see previous alert on the proposed legislation regarding charitable organization registration requirements). The latest schedule for the Delaware House Economic Development/ Banking/ Insurance/ Commerce Committee shows that HB 187 is no longer on the agenda. This strongly indicates that HB 187 is no longer on track to become law. Innovincent will continue to monitor the committee's agenda over the remainder of this legislative session and further updates regarding HB 187 will be posted on this website.
The Delaware General Assembly is currently reviewing extensive legislation that, if passed, will have a significant impact on all Delaware nonprofits, including their staff, board, volunteers, and professional advisors. As discussed herein, House Bill 187, the Delaware Charitable Solicitation Act ("HB 187"), seeks to impose several new and potentially harmful state registration and reporting requirements on Delaware nonprofits and related parties, including in some cases the submission of annual audited financial statements and other registration information that greatly enhances the risk of disclosure of confidential donor information.Read More
The timing of the event is another aspect that can influence the budget for an event. Timing has two components – the date(s) of the event and the length of the event. Because timing varies greatly from event to event, I will focus this entry on some of the fundamental questions you will want to ask venues about when booking or looking to book an event.Read More
The location of the event is one of the primary aspects that can drive the budget of the event. In many ways, where the event is held can impact many other attributes to the budget. Here in Delaware, organizations have access to hundreds of possible locations up and down the state, as well as in the surrounding cities in Pennsylvania, Maryland, New Jersey, New York and DC. The costs of venues in each of these locations vary significantly. As you are planning an event, here is a non-exhaustive list of five things to think about or ask when considering a venue.Read More
Once the new event opportunity has been assessed and decided on, the next series of questions to ask involve budgeting for the event. Fiscal budgeting becomes an important thing to consider and evaluate throughout the planning process. There are many facets to budgeting, including the costs of venue, promotion, and amenities. I plan on elaborating on these things in different ways, but in the meantime, here is a non-exhaustive list of five things to think about when initially considering the financial budget for an event.Read More
Planning a new event for your non-profit is paramount to its success. Recognize first that regardless of the size and the success of similar events by other organizations, first-time events come with both financial and reputational risk. Thus, before committing your organization to take on a new event, it is important to think about several things in an objective manner. Here is a non-exhaustive list of five things I want clients to have thought about in the preliminary planning stages of a new event.Read More