Just finished participating in the first ever GuideStar Impact Call: bit like an earnings call for a corporate – just adapted for non-profits (see more further down).
If you run a charitable / voluntary organisation and want to be both transparent and accountable to your stakeholders, then this is a format worth experimenting with. Don’t take my word for it though – check out the feedback comments people have posted here: http://trust.guidestar.org/2014/02/21/feedback-to-first-impact-call/
Why? Here’s a strong case put across in less than 140 characters:
From @GuideStarUSA CFO: There is a cost to #npos for *not* being transparent. Timely data adds effectiveness of decision making. #GuideStar — Lori Larson (@LoriLarson_KC) February 24, 2014
I hope the good people at GuideStar are planning to make a how-to or other good practice documentation available so that others can easily replicate.
Meanwhile, if you need help thinking through broader alignment of of your strategy with your reporting, get in touch.
Michael Ambjorn is founder of // Align Your Org and board director @IABC – follow @michaelambjorn for more of the above. You can also join the conversation: #ALIGN and in this case of course #GuideStar
GuideStar led the first revolution in nonprofit transparency by posting IRS Forms 990 online nearly two decades ago. That resulted in greater accountability in nonprofit practice and greater transparency in compensation, program effectiveness, and giving across the sector.
James Lum, GuideStar’s CFO
Now we’re helping to lead a second revolution. We want to expand the definition of transparency to be more timely, interactive, inclusive, and comprehensive.
On Monday, February 24, at 2 pm ET, we are holding the first ever Impact Call, and we invite you tojoin us. Loosely based on the quarterly earnings calls held by publicly-owned companies, the Impact Call is open to everyone and will be the first step in addressing these new transparency definitions.
- Timely – It takes almost a year for nonprofit results to become widely available through IRS Forms 990. That’s just too long. We’re holding our Impact Call fewer than 60…
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#alignyourorg 