Episode 059 | Balancing Mission and Funding in the Nonprofit Industry Artwork

The Wrap

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Episode 059 | Balancing Mission and Funding in the Nonprofit Industry

June 07, 2023 • Warren Averett

While many industries are facing post-pandemic issues with labor shortages and changing regulations, organizations in the nonprofit industry often see these issues amplified due to their tighter budgets and compliance requirements. The need for nonprofit services is higher than ever before, but pandemic funding from PPP loans, the CARES Act and ERTC credits is disappearing.

So, how do nonprofits keep up?

Our hosts are joined by two of the firm’s nonprofit industry experts Michelle Sanchez, CPA, and Jennifer Williams, CPA, to discuss how nonprofits should use their missions to build overall business strategies. Learn how your nonprofit can address funding, hiring and budgeting issues in this episode of The Wrap.

In this episode, you’ll hear:

Information about how labor shortages and turnovers are affecting the nonprofit industry’s ability to find the best employees
Commentary on budgeting and finding sources of funding in a post-pandemic world
Insight and advice on whether ERTC funds might be too good to be true
Advice on how to use your nonprofit’s mission to build an overall business strategy

Resources for additional information: