Looking back, 2008 was truly a financial tsunami for many people, replete with bankruptcies, lost jobs, and home foreclosures.
But the financial upheavals were not restricted to individuals, big corporations, and governmental entities, they also took a toll on nonprofit organizations, both secular and religious, with one segment of the religious community especially hard hit by [...]
Archive for the ‘Impact of the economy’ Category
Looking Back, Looking Forward
Posted in Impact of the economy on January 31, 2009 | Comments Off
Winds of Change
Posted in Impact of the economy on January 31, 2009 | Comments Off
Take a step back for a moment and consider a long view of what could be the future for nonprofits. The revisions to the Form 990 have just been completed, but it seems the winds of change are blowing again with a forecast that could potentially bring a tsunami.
The Senate Finance Committee has oversight of [...]
Staying the Course in Changing Economic Times
Posted in Impact of the economy on January 31, 2009 | Comments Off
What should a leader do in 2008 as change swirls and carefully prepared goals for the ministry seem threatened? Who could have predicted the disruptions that would be caused by $4.00 gas prices, shrinking home values, a stock market in decline, which impacts 403(b) and 401(k) retirement accounts, rising unemployment and [...]