Entrepreneurship in nonprofits: a holistic perspective
Going through all aspects of this course, the cross-linkages between the different weeks are highlighted in this video. This should help you keep in mind the most important aspects of …
Course: Entrepreneurship in Nonprofits
Indicators for impact measurement
Outcome and impact cannot be measured directly, so we use indicators to get information about the potentials of outcome and impact. A well-designed indicator has a title, a definition, and …
Reasons for Measuring from Different Angles
Impact measurement is often said to increase costs while offering little use for improvement. Additionally, small organizations find it difficult to adjust the elaborated methods to their limited resources. But …
The theory of change
The concept of the theory of change is closely linked to the logic framework we already discussed. The basic idea is to describe on a normative level a logical approach …
Introduction to impact measurement
Are we making a difference? This is a very important question for nonprofits and it is not easy to find a clear answer. The Social Impact Navigator was developed by …
Ethics in Measurement
What you can’t measure, you can’t control! This quote is a frequent dogma of management literature and it is especially relevant in hierarchical structures, where you need to have control …
The effects of impact measurement
Impact measurement is never art for art’s sake. But how exactly do we learn from the results? And who is involved in this process? In the communication with three major …
Impact Measurement Framework
We have seen before that transparency, causality, accountability, and acceptance are drivers for the use of impact measurement tools. In this way, we answer the question ‘Why impact measurement?’. Another …
How does a Social Impact Bond work?
Social Impact Bonds were developed as an answer to public financing deficits. The Social Impact Bond (SIB) is a specific type of the pay-for-success model. It combines private financing with …
Different Types of New Models of Financing Impact
This article offers some best practice cases and further information on prerequisites and time horizons of the three types of new financing models: debt/guarantee models, pay for success models, and …
Introduction to impact investing
What methods allow us to go beyond traditional funding methods and sources? To answer this question, let us have a look at the core ideas of impact investing. Impact investing …
Financial Reporting Standards
Choosing the right financial reporting standard depends not only on your activities but also on your constituents. The process of financial accounting is circular. Thus, it is not only about …
Managing your financial resources
How do you plan, manage, and control your financial resources? Let us have a look at the relevant concepts and indicators for practical use. Financial stability and financial capacity are …
Budgeting Methods
Budgeting is the process of operationalization of the financial plan. Depending on the size and activities of the organization, budgeting can vary strongly, but it has to be done in …
Finance in Non-profit Organizations
Elizabeth Searing is an Assistant Professor at the State University of New York at Albany. In this video excerpt, Searing explains the benefit theory of nonprofit finance and the relation …