What are nonprofit Best Practices?
To assist Nonprofits in their pursuit of operational excellence, standing committees comprised of best-in-class Nonprofits and Experts, (and Funders where appropriate) collaborate in the development and maintenance of a circumspect set of Best Practice standards in the following six Sections of Nonprofit operations:
- Program Management & Accountability
- Fundraising, Marketing & Communications
- Governance, Legal & Risk Management
- Accounting & Financial
- People & Organizational Development
- Technology & Business Systems
Each of the categories above are broken down into many sub-categories. For more detailed information about each area of nonprofit Best Practices, please click here. OpX360® was born here.
Are there other areas of Best Practices other than listed?
Yes, we get new subcategories recommended all the time. Some of the recent suggestions include:
- Social Responsibility
- Commercial and quasi-commercial activities
- Strategic Planning
- Defining or refining the mission
- Strategic Partnerships, Collaborations and/or Amalgamations
- Crisis Management or Damage Control
- Maximizing protections, exemptions, accommodations, and privileges
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How is The Center structured?
The Center is structured as a social enterprise. A social enterprise is an organization that applies commercial strategies to maximize social impact alongside the potential of profits for external shareholders. Although most of our nonprofit and funder membership work within 501(c)3 structures, most of our industry expert members do not. Since nonprofits and funders already engage their professional service providers outside of a nonprofit structure, we concluded that a social enterprise would be the best business structure for all involved.
Using this kind of for-profit business model, we can generate revenue from commercial sources such as advertising, affinity programs and partnering with professional service providers rather than charging a membership fee. This then allows us to invest in tools and resources which we provide to the Nonprofit community through free membership.
How does The Center make money?
The Center makes money only when value has been added. This is accomplished through our direct effort, our Recognized Experts, and professional programs like OpX360® created to help Nonprofits gain operational competency through applied Best Practices.
Each OpX360® assessment was developed by and for nonprofit leaders and practitioners, their funders and recognized experts serving the specific area of operations; and overseen by a Principal Advisor from The Global Center for Nonprofit Excellence®.
How long does the OpX360® assessment take?