Not-for-Profit on Purpose

Setting up a not-for-profit: Financial Governance when starting an NFP

Tue, 04 Mar 2025 11:00:00 +1000

In past episodes we’ve spoken about Financial Governance, but what does that mean for anyone who is preparing to set up a new NFP? How do you create financial governance?

Opening a bank account, tracking expenditure and reporting? It might sound simple, but there is a process. I’ll touch on some key areas that I think are worth considering as well as how your systems and processes can even aid you in measuring your overall impact.

As a new NFP, you’ll find this information particularly useful, as we are looking to ensure you meet your obligations and manage the NFP effectively from the beginning.

Connect with me on LinkedIn or visit our website rightsource.com.au

If you have any questions, are in the process of starting up an NFP, or interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Visit the downloads page to access helpful diagrams, accounting spreadsheets, templates and budgets.

Right Source Empowering Your Purpose Is Ours.

Setting up a not-for-profit: Who does the doing at a new NFP?

Thu, 20 Feb 2025 11:00:00 +1000

Delivering on purpose requires people ‘doing’ something, and as the founder of a new NFP, setting up a framework for people and organising the ‘doing’ is essential.

In this video we’ll discuss the evolution of the doing and what that looks like for the founder, as well as the people they will ultimately work with along the way. What should we consider when developing a framework for people? What is to be done, who is going to do it and when are they going to do it?

Let’s talk about who does the doing at a new NFP, because building and managing a workforce is the greatest asset of any NFP and this will ultimately drive the organisation towards its purpose.

Setting up a not-for-profit: Risk Management for new NFPs

Fri, 14 Feb 2025 10:00:00 +1000

Risk management may seem a bit of an overkill when starting or setting up an NFP, and for those setting one up it can feel like you are already going all in, so what is a little extra risk going to matter.

In today’s episode I provide some clarity around risk and highlight the benefit of managing risk early on the NFP set-up journey. I’ll talk through why we look at risk, where to start and some simple but effective methods.

Risk management is a valuable tool which will certainly develop as an organisation evolves. For new NFPs, risk management doesn’t have to be extensive or perfect at this point, the key is to keep it simple and make a start.

Setting up a not-for-profit: Building Governance

Wed, 12 Feb 2025 11:00:00 +1000

So, you’re in the process of setting up a NFP and you want to ensure it has a good foundation for its governance practices. Where should you start?

In this episode we get clear on what governance is and identify components that set the foundation for governance. Do you need all of them? No, it’s about developing them on the journey and using them as tools to create alignment with your purpose throughout the organisation.

Once an initial framework of governance is established, you have a starting point. I talk through what’s next, and how governance develops to ultimately support you in achieving your purpose.

Setting up a not-for-profit: Generating cash for your NFP

Thu, 06 Feb 2025 10:00:00 +1000

Understanding your customer and who you are selling to is important in any business, but did you know it is even more important for NFPs? We need to look a bit deeper in the NFP space as we often have more to sell than the product or service we are providing.

So, in today’s episode I will discuss the practicalities of generating cash for your NFP and getting clear on the revenue side of a NFP and accessing various revenue streams.

Once you can access revenue streams, you are able to help more people.

Setting up a not-for-profit: Understanding Members, Directors and Employees in NFPs FAQs

Wed, 29 Jan 2025 10:00:00 +1000

Two of the most common questions I get from people who are looking to start a not-for-profit are: "Can I pay myself?" and "Can I be on the Board while working in the NFP?"

Whether you have an NFP or are looking to set up an NFP, it can be very useful to understand the relationship and dynamics between Members, Directors and Employees. As a founder, can you be all three at once?

In today's episode, I clarify these roles and responsibilities and discuss how to achieve a balanced NFP structure.

I'll be focusing on the practicalities of starting a NFP in upcoming episodes, each will cover a different aspect for you to consider when starting up a NFP.

Download (Diagrams)
https://www.rightsource.com.au/downloads/

Setting up a not-for-profit: What preparations are needed to start a NFP?

Thu, 23 Jan 2025 10:00:00 +1000

In this podcast I talk through the NFP start-up process - from a practical point of view. What should you consider when starting your NFP journey?

If you are in the planning stages or looking to take the plunge and start your NFP journey, you might want to have a pen and some paper handy!

I'll be focusing on the practicalities of starting a NFP in upcoming episodes, each one will cover a different aspect for you to consider when starting up a NFP.

Why we need more not-for-profits

Mon, 13 Jan 2025 10:00:00 +1000

In this video I share my views on the number of not-for-profits as well as touch on the role not-for-profits play, how innovation and diversity play a key role, and some data that might help further frame this conversation.

Ultimately, I believe it is important to have a strong not-for-profit sector which is supported into the future. It is a sector that has its own characteristics and nuances that are important to understand as well as potential advantages that other sectors don’t have.

If you are thinking about setting up a not-for-profit or charity, or have recently set one up, join us for the NFP Rendezvous Friday, 17 January. This is an ideal opportunity to have your questions answered and it is free to come along.

We look forward to you joining us. See the link below for details.

Rendezvous Event Details
Setting up a Not-for-Profit or Charity
Friday, 17 January - 1.00pm to 2.00pm (AEST Brisbane)
https://events.humanitix.com/nfp-governance-rendezvous-jan2025

How to change the Constitution of your Not-for-Profit

Wed, 26 Jun 2024 11:00:00 +1000

It is a good practice to read through and review your Constitution annually to ensure it remains fit for purpose. And if there are changes required, it is important that these aren’t put off because the process seems intimidating or too difficult. Updating a constitution to stay in line with an organisation's evolution, is critical to governance and not as impossible as you might have thought.

In today’s video we discuss the process of making changes to your constitution; how to make changes and what to consider. If this is something you wish to do this will get you started.

Interpreting Board Best Practice

Wed, 05 Jun 2024 09:00:00 +1000

Are you following Best Practice in governance? This term is utilised in many board discussions and is often taken as the ‘way’ of doing things. However best practice isn’t always “best” for your Board, especially when looking through the eyes of a high performing Board. In this video I’ll explain why, from the perspective of a high performing Board.

Does best practice make a better Board, or is it something else? Feel free to share your comments, head over to Right Source YouTube or LinkedIn.

Understanding the Merger process for Not-for-Profits

Wed, 05 Jun 2024 09:00:00 +1000

There are many reasons why an NFP would look to merge or be acquired but like everything, a merger or acquisition is more likely to succeed if you have a plan or strategy to achieve it rather than just hoping.

In assessing the viability of a merger or acquisition it’s important to obtain the ‘why’ and the ‘common motivation’ for all in this process. In today’s video I’ll discuss the merger process for not-for-profits and touch on a few key areas for consideration.

Moving from Treasurer to Director

Wed, 29 May 2024 12:00:00 +1000

What does it mean when you are a Treasurer of an Association moving to a Company Limited by Guarantee and then becoming a Director on the Board, and what affect does the role change bring?

Before we start thinking about the size and sophistication of your organisation, it’s important to see things from an operational perspective when defining roles and responsibilities. Some Treasurers of Associations, who look to understand the implications for their role when moving to a Company Limited by Guarantee, become a little overwhelmed or fearful. In this video I’ll explain this is not necessary and changing to a Company Limited by Guarantee can deliver benefits and clarity for all.

When moving from Treasurer to Director, what are your responsibilities - are they different or do they remain the same? And what is there to consider for all Directors on a board? Feel free to share your comments on our social media channels below.

It’s better to be lucky than good

Wed, 22 May 2024 10:00:00 +1000

In a business or work context, the phrase “better to be lucky than good” is one that I have come to associate with. On face value the phrase seems a little comical, but there is a meaning to this and one that I personally align to.

In doing this it requires an exploration of what being lucky means versus being good, in the context of business and personal success. Is it the lucky characteristics that drive your achievements? Or the fact that you are good at what you do?

Feel free to head over to YouTube or LinkedIn to comment and share your thoughts... do you consider yourself lucky?

In-Camera Session

Wed, 08 May 2024 10:00:00 +1000

What is an “in-camera” session at an NFP Board meeting? In today’s podcast I discuss the; what, who, why, when, and where… of the in-camera session.

When executed well, everyone stands to gain from the in-camera session, from the Board, the executive, through to the way the organisation creates an impact.

Does your NFP Board meeting include in-camera sessions? Share your thoughts in the comments on LinkedIn or visit our YouTube channel.

Customer vs Beneficiary

Wed, 01 May 2024 12:00:00 +1000

As a not-for-profit, are you clear on who your customers and beneficiaries are? In my experience, those that are clear on this perform better overall in terms of sustaining their organisation and delivering long-term impact.

In this video we’ll discuss customers and beneficiaries from both a for-profit and non-profit viewpoint. It’s useful to reflect on how they're different and why that might be a consideration for you.

Your NFP's Impact: Enduring versus Sustainable

Wed, 24 Jan 2024 00:00:00 +1000

When I think about the NFPs we work with, I would like to see that their impact endures. That the changes they made, the lives they touched is remember and continues to have ripples long after the NFP ceases to exist. Being in a NFP is about playing to win, while sustainability is more about playing not to lose. So, how do we make your NFP enduring? In this video we discuss what you might like to think about, the next time your Board broaches sustainability.

Incorporated Association to a Company Limited by Guarantee

Wed, 17 Jan 2024 12:00:00 +1000

Thinking about becoming a Company Limited by Guarantee? In Australia, when an incorporated association is looking to make the transition, each state is slightly different. With that in mind, I’ll talk through the principles involved the overall process, before touching on a few issues for you to consider. Changing to a company limited by guarantee, is an involved process and will cost time and/or money. Information and experience therefore, become crucial.

Financial Governance for Not-for-Profits

Wed, 10 Jan 2024 12:00:00 +1000

Is Financial Governance something unique to the NFP space? No, but it is needed, and it’s very obvious when an NFP doesn’t have it in place. Financial reports left to organically grow, can turn into lot of reports. This is something that is very painful to deal with at a Board level, so how do we turn these excessive reports into good governance?

I’m not talking accounting specifically, it is about having knowledge of these aspects and lifting what are “normal” accounting processes, into value added processes - fit for your NFP. In this video I discuss what Financial Governance is and why your NFP should put it in place.

Accounting as a Language to tell your story

Wed, 25 Oct 2023 12:00:00 +1000

As the CEO of an NFP, telling your story in meaningful and consistent ways is vital to delivering on your purpose. In this video I discuss storytelling through the language of accounting, and why the CEO, Board and stakeholders should speak it regularly to tell their story. Creating a meaningful story with the numbers on the page may be challenging at first, however when spoken regularly, this unique approach has many benefits. Using the language of accounting in storytelling creates consistency and aligns your purpose throughout the organisation.

Why NFPs shouldn't Consolidate

Wed, 18 Oct 2023 12:00:00 +1000

Are there too many not-for-profits? Is this causing the NFP sector to be ineffective? Would consolidation improve efficiency in the NFP space? These questions frequently play into conversations. However, let’s not forget, in the NFP space our DNA is all about finding solutions to problems not yet solved. In this video I discuss the consequences of NFP consolidation and offer an alternative. With NFPs being a space of innovation, I believe there is a better solution.

The importance of an Independent Secretary

Wed, 11 Oct 2023 11:00:00 +1000

How does an independent Company Secretary contribute to a high-functioning Board? Why would a Board consider recruiting an independent CoSec when they can source this role in-house?

In today’s video we consider this specialised role from the truly independent perspective, as there are many benefits to an outsourced solution. A governance professional who can make calls and give advice with courage, from a place of independence, brings a lot of value to a Board.

Some benefits include improved training, continuity, skills base, a peer for the CEO, board level mindset and strategic outlook.

How to facilitate Board meetings

Tue, 26 Sep 2023 11:00:00 +1000

As a Board Chair, are there skills you bring to the role other than being able to run a Board meeting? Would not having to run the Board meeting allow you to add more value in the role of Chair?

With NFPs being all about innovation, it’s only natural that they would be drawn to solutions that allow the Chair and leadership team more time to what they do best in the role, utilizing their own unique skill set for the organisation.

Running a good meeting requires specific skills. In this video I discuss some innovative options to support the Chair and Board without modifying their Board responsibilities. The NFP sector stands to gain a lot from outsourcing Board Facilitation as it ends in great results for all concerned.

What makes a good Board Chair?

Wed, 20 Sep 2023 11:00:00 +1000

What makes a good Chair? I have worked with many Boards, and I have worked with good and great Chairs. However, never have I come across a Chair able to do the litany of tasks required of a Chair.

In exploring the role and responsibilities of the Chair, which is always a much bigger role than it appears on paper, what is the common thread amongst Chairs and what makes them great? How do you go from a good Chair to a great one.

Connect with me on LinkedIn visit our website rightsource.com.au

How to fix a collapsed Board

Tue, 18 Jul 2023 11:00:00 +1000

There are several reasons why a Board collapses, and it is never fun when it does. When the majority of the Board decides the situation is untenable and a lot of knowledge and history walks out the door, how do you recover? How do you rebuild?

In this podcast I discuss options for consideration, specifically in the NFP space. Bringing back stability and replenishing the Board requires an effective team with certain skills and components.

Do not be afraid to use external resources and specialists for Board recruitment. It is not about a quick recovery; it is about the right recovery process, one that is appropriate for your NFP.

Board Accountability

Wed, 12 Jul 2023 12:00:00 +1000

Who is accountable when Boards aren’t performing well? Technically it is the members, but for those working in the NFP space this is not always an effective relationship and can be very nuanced. In this video I discuss situations that affect Board accountability and highlight why it’s important to be proactive. It’s not only when Boards are performing poorly that we should concern ourselves with this topic.

A Board must ultimately be self-aware, and to effectively understand they need to monitor and measure their performance and have a process embedded in its governance.

Working with a poor performing Board in an NFP?

Wed, 05 Jul 2023 10:00:00 +1000

We are often asked if we help with NFP Boards that are performing poorly, and this often leads to some interesting conversations.

The most common being what defines a poor performing Board and how you accurately judge poor performance. In my experience, looking into poor Board performance can be a very subjective exercise. Here I discuss some insights about how to identify poor Board performance, as well as what can help assist the Board to improve and serve the organisation’s purpose.

A brief history of director indpendence

Wed, 28 Jun 2023 11:00:00 +1000

The history of director independence and how we have dealt with conflicts in the past, can assist and guide us in the future. How do you determine director independence in your NFP, and should you?

There are unique considerations for NFPs, because they are set up by people who have a personal interest from the start, for example they been affected by an illness in some way or are heavily invested in a cause. So there is intrinsically, a conflict. Here I discuss what to look out for when considering director independence.

NFP Federated Models - Part 2

Thu, 22 Jun 2023 10:00:00 +1000

Have you considered the Federated Model structure for your NFP? This week we continue the topic of Federated Models and discuss the benefits and opportunities. I also deliver thoughts on when and why, NFPs don't merge. While federated models can be a joy for some and frustrating for others, it is important to obtain clarity on your structure requirements. The points raised here will aid the conversation, however if you have questions about federated model structures or NFP Governance, feel free to contact us.

Listen to the podcast episode NFP Federated Models - Part 1

NFP Structures: The Dynamics of the Chair, CEO and Secretary

Wed, 31 May 2023 11:00:00 +1000

You can create a powerful decision making structure with a dynamic of three. This week we continue on the topic of NFPs and structure, and focus on the dynamics of the Chair, CEO and Secretary. Regardless of whether you outsource a secretary or hire internally, there are some important factors to consider when it comes to setting up an optimal NFP structure with a dynamic team of three. I discuss the roles of CEO vs Secretary, who reports to the CEO/Chair, and more.

Connect with me on LinkedIn click here for more information visit our website. https://www.rightsource.com.au

#companysecretary #notforprofit #boardmeeting #governance #charity #ACNC #NDIS #CEO

NFP Subsidiary Structures

Wed, 24 May 2023 12:00:00 +1000

This week we continue with the topic of NFP structures. What are the implications of having an NFP subsidiary? What should you be aware of when thinking of having a subsidiary? In this video I discuss subsidiary structures, how they can occur, what are the implications and the importance of paying attention to the element of ‘control’.

NFP Federated Models - Part 1

Wed, 24 May 2023 12:00:00 +1000

As an NFP with a federated model structure, there are a couple of things to be aware of to ensure success and maintain a meaningful impact. What are federated models and how are they efficient?

While federated models can be a joy for some and frustrating for others, it is important to effectively maintain structure to ensure success. If there is frustration or a lack of clarity, there needs to be a process to resolve it efficiently and effectively, so everyone is working together as a collective.

We should take our time investigating structures such as federated models and seek a process to adapt and change, as necessary. With clarity federated models can be a joy to work with in the NFP space.

Listen to the podcast episode NFP Federated Models - Part 2

NDIS Quick Growth for NFPs

Tue, 14 Mar 2023 12:00:00 +1000

The NDIS has ushered in a rapid growth of the not-for-profit space. There are strategies and capabilities to consider when turnover grows from 1 to 10 million, or 10 to 50 million, within two or three years.

In this podcast I discuss how organisations, boards, and CEOs might evolve to successfully maintain their rapid growth. I also include the challenges that can present, because the roles and considerations, are very different.

NDIS Rediscovering Purpose

Tue, 14 Mar 2023 12:00:00 +1000

The NDIS has impacted the not-for-profit space in many ways. One of the challenges for organisations that have fully embraced the NDIS, is the allocation of funding.

In this podcast I discuss how you might tackle this strategically, by suggesting a clear separation of your purpose and your allocation of funding.

New ACNC Requirements for NFPs - related party transactions

Fri, 24 Feb 2023 11:00:00 +1000

One of the new requirements for ACNC is increased disclosure - related party transactions. While compliance is important, in this podcast I focus on understanding related party transactions from a governance perspective specifically why and how to implement these changes.

Related party transactions are similar in principle to managing conflict of interest, openness, and clarity. By taking a step-by-step approach you will create alignment in your organisation, alignment that only governance can achieve.

NFP CEO Transitions - what happens when your CEO leaves the organisation?

Fri, 24 Feb 2023 11:00:00 +1000

Not-for-profit CEO transition is topic that has come up a lot in the past 12 months. Most people agree there are two undeniable truths regarding the CEO, they are the most pivotal and key personnel in the organisation, and one day the CEO will inevitably leave the organisation. Has your board identified a process for when your CEO moves on? In this video I discuss what your board needs to consider when managing this process.

How governance can influence board culture: tools to manage culture (part 4 of 4)

Mon, 08 Aug 2022 11:00:00 +1000

This is the fourth in the series on governance and culture.

Culture is important and it’s something the board need to be aware of and actively managing. In this podcast I discuss how understanding governance tools, can help you affect the culture of the organisation.

How governance can influence board culture: tools to manage culture (part 3 of 4)

Wed, 11 May 2022 14:00:00 +1000

This is the third in the series on governance and culture.

Goals have to incorporate: vision, expectations, accountability and responsibility. Watch my video to see how these lead to the alignment of goals and how this helps you manage culture.

How governance can influence board culture: leaving a legacy (part 2 of 4)

Wed, 04 May 2022 14:00:00 +1000

Legacy is something you leave behind. Will you leave behind something of value from your time on a not-for-profit board? How can you protect your legacy?

How governance can help influence board culture: motivation (part 1 of 4)

Tue, 03 May 2022 10:00:00 +1000

What is board culture? You can't see it, you can’t hold it - how can you effect it or change it?

We’ll discuss the motivation of directors, director roles, board charter and how they can affect an organisation’s culture.

The importance of having a Board charter

Tue, 07 Dec 2021 11:00:00 +1000

Board charter is also known as Board terms of reference. Board charters should reference the constitution, director appointment, Board meeting details, Board papers, sub-committees, diversity/lived experience on the Board and more.

Remember, governance is always evolving, it’s ok to change things along the way.

Benefits of Independent Research for NFPs

Wed, 24 Nov 2021 14:00:00 +1000

Would you not-for-profit benefit from some independent research?

We’ll talk about the pros and cons of in-house, collaboration and outsourcing.

Research helps with advocacy and provides an independent viewpoint to lean on when applying for funding.

It confirms the value your organisation is adding to society.

Should your NFP CEO sit on other Boards?

Wed, 10 Nov 2021 11:00:00 +1000

Yes! It can provide a great deal of opportunity for both the CEO and the not-for-profit organisation. It can help with strategic thinking, teamwork, collaboration, networking and growth opportunities.

There are also a few risks, which I will discuss.

Having a more strategic Board

Wed, 27 Oct 2021 12:00:00 +1000

How do you move from being an operationally focussed Board towards being a strategically focussed Board? You need to have strategic long-term goals and visions.

If you want the board to be strategic, you need to have CEO/exec team who can focus on operations.

Think about whether the Board papers are operational or strategic, because that’s what the Board will be discussing and providing feedback on. You can also consider alternating the focus of Board meetings between operations one meeting and strategy the next meeting.

How To Prepare for Board Meetings

Wed, 13 Oct 2021 12:00:00 +1000

As a Company Secretary, it takes me around 15-20 hours to prepare for a Board meeting. Some people are shocked at this amount of time, but it’s worth it when it helps the Board run more efficiently and effectively.

What’s involved in preparing for a Board meeting: setting the agenda, working out the flow of the meeting, organising board papers, looking at previous action items, creating shell minutes in advance and lots more.

Board Level Power Bias

Tue, 28 Sep 2021 12:00:00 +1000

There is bias everywhere. If you can be aware of bias, you can do something about it.

At a Board level, there should be equal input in decisions etc, but that is not always the case.

Authority bias or power bias, is when Board members defer to someone (perhaps the Chair), instead of putting their own ideas forward. Listen to this episode to find out how to spot it and what to do about it.

Dealing with the Board as CEO

Wed, 15 Sep 2021 11:00:00 +1000

CEOs do not need to placate the Board, rather they need to know the Board’s direction, and navigate the organisation on that path. CEOs need to be curious and ask questions of the board. How is the CEO moving towards their strategic objectives and moving the organisation in the right direction? CEOs need to articulate challenges to the Board clearly. It’s all about communication and developing relationships.

Board Meeting Structure

Wed, 01 Sep 2021 11:00:00 +1000

The attendees of the board meeting are usually the directors and CEO. Who else should attend your board meeting? Sometimes inviting more of the exec team to the board meeting can feed information back to the other staff better than if it comes only from the CEO.

It also allows the board and the operations team to understand each other better. But bear in mind that the more people you invite, the longer the meeting might take. Inviting others to the board meeting can have a positive impact on organisational culture too.

Not-for-Profit Skills Matrix

Wed, 04 Aug 2021 12:00:00 +1000

Governance is a toolkit. A skills matrix is an inventory of the skills possessed by your board of directors. It comes in handy when you are recruiting, and helps achieve your organisation’s goals. Running an NFP in Australia - you should use a skills matrix.

NDIS - Change and Opportunity

Wed, 21 Jul 2021 14:00:00 +1000

Did you know that there are often business opportunities during crisis? We just need to train our eyes to be able to see them! Fortunately in this video, I’m taking the brain work out of it for you and helping you shift perspective to see how this time can be fruitful for you.

As a National Disability Insurance Scheme provider you have your own set of challenges that other businesses simply don’t have to face, so to look for opportunity through change can be difficult.

That’s essentially why I’ve created these NDIS provider toolkit videos for you. If I can help you navigate the finance and business backend then it allows you more time to focus on taking care of your customers.

NDIS Provider Payments - How to receive your money faster

Wed, 21 Jul 2021 14:00:00 +1000

Are you an NDIS provider who struggles with the NDIS payment system in Australia? In this episode we look at how, often times, it’s not actually a systems issue within the business but more likely a few simple tweaks you need to make in order to streamline the process a little better.

For any NDIS providers, if you’re wanting to discuss any of this at a deeper level or you have any nonprofit accounting questions, please reach out. I’d be more than happy to answer them!

NDIS Providers - Getting Your Systems Sorted

Wed, 21 Jul 2021 13:00:00 +1000

Now that we’ve looked at invoicing, the customer journey and capturing data you are probably wanted to know how to get your systems sorted out.

If you’re a non profit in the NDIS space in Australia then listen to this to see how to pull together your systems to effectively manage NDIS customers.

If you’re an NDIS provider, and wanting to discuss any of this at a deeper level or you have any nonprofit accounting questions, please reach out. I’d be more than happy to answer them!

Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/

NDIS Providers: How To Invoice Clients

Wed, 21 Jul 2021 13:00:00 +1000

If you need help understanding how to invoice clients in the NDIS system in Australia then this episode is for you!

In this episode I walk you through the steps you need to know in order to successfully invoice your clients in the most efficient way possible.

For any NDIS providers, if you’re wanting to discuss any of this at a deeper level or you have any nonprofit accounting questions, please reach out. I’d be more than happy to answer them!

NDIS Provider: How To Capture Client Data Effectively

Wed, 21 Jul 2021 13:00:00 +1000

Do you need clarity around capturing data for NDIS Australia customers? In this episode I dive deeper into the NDIS providers’ responsibility around data capture and how that affects employees and ultimately the organisation.

The National Disability Insurance Scheme is here to help families get the help THEY need in difficult times and I’m here to help anyone in the National Disability Insurance Agencies in Australia get the not for profit accounting help they need!

For any NDIS providers, if you’re wanting to discuss any of this at a deeper level or you have any nonprofit accounting questions, please reach out. I’d be more than happy to answer them!

NDIS Provider: Understanding The Client Journey

Wed, 21 Jul 2021 12:00:00 +1000

If you are an NDIS provider, I created this episode to help you understand the client journey better so you can make better decisions around your processes.

In this episode I delve into client journey mapping for NDIS Australia providers to help improve overall customer experience.

For any NDIS providers, if you’re wanting to discuss any of this at a deeper level or you have any nonprofit accounting questions, please reach out. I’d be more than happy to answer them!

Excess Cash in Not-for-Profits

Tue, 20 Jul 2021 12:00:00 +1000

What should you do if your NFP in Australia finds itself with too much spare cash?

You need some cash on hand for working capital and your business continuity plan, but what do you do if you have more than that? You could invest the spare cash, grow your funds until you’re ready to spend them according to you purpose.

NFP Indigenous Organisations

Tue, 06 Jul 2021 12:00:00 +1000

The Office of the Registrar of Indigenous Corporations (ORIC) registers and assists Aboriginal and Torres Strait Islander corporations to run properly—according to their own rules and cultures—and ensure they don't break the law. ORIC provides training and charges no fees.

Think of it like ASIC, but it’s specifically for indigenous corporations in Australia.

5 tips for Starting Your Not-for-Profit Director Career

Tue, 29 Jun 2021 12:00:00 +1000

Looking to start your not-for-profit director career in Australia?

Make sure you’re there for the right reasons! What can you bring to the organisation? Watch the video to find out my other tips.

Innovation and Not-for-Profits

Wed, 23 Jun 2021 10:00:00 +1000

Not-for-profits and charities are some of the most innovative in The Australian economy. They are out there solving problems that government and corporate have not found solutions for yet, usually with a small budget.

What charities are often NOT doing, is investing in their own capabilities. What we’re trying to do at Right Source, is help NFPs access that capability, scale up, and help more people.

Governance and Company Secretaries

Wed, 16 Jun 2021 12:00:00 +1000

How can a dedicated Company Secretary help your Not-for-profit in Australia?

A good Company Secretary can be like a personal trainer for your organisation 🏋️‍♀️ or perhaps a marriage counsellor 🤔 Company Secretaries facilitate communication between parties.

NFP Board Committees

Wed, 16 Jun 2021 12:00:00 +1000

The workload of your Board Members is a tricky thing to manage. One way to lessen the load is through committees.

Board committees are a subset of the Board, challenged with a certain task. This can make more efficient use of the Board’s time.

Not-for-Profit Governance and Compliance

Wed, 16 Jun 2021 12:00:00 +1000

Governance and compliance are so important for not-for-profits in Australia. What are the difference between a compliance-mindset and a governance-mindset? Listen to find out my tips and tricks and make sure your governance and compliance are always up to scratch.

Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/

Virtual Aggregation for Not-for-Profits

Wed, 16 Jun 2021 12:00:00 +1000

Are there too many not-for-profits in Australia? Do we need to aggregate some of them? Mergers and acquisitions are not always easy.

Another idea is virtual aggregation. The benefits of a merger, while staying true to your own purpose. The advantages are providing scale to your back office, providing efficiencies and saving costs.

We do this at Right Source for a number of not-for-profits. Listen to find out more.

Not-for-Profit Mergers and Acquisitions

Tue, 15 Jun 2021 15:00:00 +1000

Mergers and Acquisitions in the NFP space in Australia

You can’t buy a Not-for-Profit in the traditional sense, so what you can do?

Things to consider: what does each party bring to the table? Is there a cultural fit? Will scale give you bigger impact? Costs vs benefits?

Scaling Your Not-for-Profit

Tue, 15 Jun 2021 14:00:00 +1000

Scaling your NFP in Australia.
Sometimes NFPs hit a growth ceiling and can’t get past it.
Scaling is all about growth. You need to invest and you need more knowledge and capabilities.

How does an NFP get more funding to grow? Listen to find out more.

Your Not-for-Profit's Purpose

Mon, 14 Jun 2021 14:00:00 +1000

What does purpose mean in a not-for-profit in Australia?

When you first set up your not-for-profit you are very clear on your purpose.

We’ll talk about starting on purpose, staying on purpose, reviewing your purpose, and ending on purpose.

The Role of Chair of an NFP Board

Mon, 14 Jun 2021 14:00:00 +1000

What exactly is the role of the Chair of the Board in Australia?

Legally the chair has the same responsibilities as the other directors.

The chair is the facilitator of the board. They lead the decision making process (they are not THE decision maker).

Connect with me on LinkedIn https://www.linkedin.com/in/justin-hogg-right-source/

Not-for-Profit Board Performance Reviews

Mon, 14 Jun 2021 13:00:00 +1000

In Australia, organisations are familiar with performance reviews for staff, so why not for board members too? Board performance reviews ensure that everyone on the board is doing the best they can, and that everyone is happy with how they’re performing. They also show each person where they could improve. This is a key governance task usually undertaken by the Company Secretary.

Should you conduct an annual board review, or do it more frequently? Should it be formal or informal? What are you hoping to gain? What will you do with the results? I’ll answer all these questions and more.

Setting up a Not-for-Profit Board

Mon, 14 Jun 2021 13:00:00 +1000

Setting up a not-for-profit in Australia is a different process than setting up a for-profit company. For starters, you need a board.

To set up a board you will first need to think about the NFP’s purpose, the ‘why’.

The NFP should outlive you. It shouldn’t be about the founder, it should be about the purpose.

Board members you might need: people with experience being chair, governance, finance, IT, HR, legal, operational, fundraising, donations, grants etc.

Not-for-Profit Delegation of Authority

Tue, 08 Jun 2021 15:00:00 +1000

A key aspect of Not-for-profit governance in Australia is the Delegation of Authority. It is a simple document stating which responsibilities the Directors are delegating to the CEO and/or other staff members. To empower a CEO, you need three factors to be aligned: authority, responsibility and accountability.

One important thing to note is to make sure the governance is lived, that it’s not just a piece of paper.

How Nonprofit Bookkeeping Is Different To Regular Bookkeeping

Tue, 08 Jun 2021 15:00:00 +1000

If you’re a not for profit then it’s really important that you have someone who understands nonprofit bookkeeping. They need to know how not-for-profit bookkeeping is different to regular bookkeeping and how to apply that.

In this nonprofit accounting basics tutorial I will run through nonprofit bookkeeping vs regular bookkeeping so you can understand nonprofit best practices around bookkeeping.

5 Things You MUST Include in Your Not-for-Profit Annual Report

Tue, 08 Jun 2021 14:00:00 +1000

Have you ever put together a nonprofit annual report? In this episode I list the 5 things you must include in your nonprofit annual report to ensure that it’s thorough and well rounded.

I believe these are non profit best practices that will give you a tidy framework for your report. Knowing how to prepare annual reports is an essential part of budget preparation (to come) and reflection on the year gone by.

If you have any more questions, or need an Australian accountant please connect with me over on Linkedin - https://www.linkedin.com/in/justin-hogg-right-source/

Preparing for your Not-for-Profit Audit

Tue, 08 Jun 2021 12:00:00 +1000

PREPARING FOR YOUR NOT FOR PROFIT AUDIT 💰// A not for profit audit can be a daunting experience if you’re not prepared for it. That’s why I created this video about preparing for your not for profit audit.

In this video I talk about how to select a nonprofit auditor as well as nonprofit best practices during an audit. As you might imagine accounting for not for profit organizations is an important role that will contribute to the NFP audit process. Make sure you have a great not for profit accountant who can steer you in the right direction.

Should My Not-for-Profit do well or do good?

Tue, 08 Jun 2021 12:00:00 +1000

Should my Not For Profit in Australia Do Well or Do Good? // If you’re a not for profit in Australia then at some point you might ask yourself, should my not for profit in Australia do well or do good?

Nonprofit management will often go back and forth with between these two outcomes and really they tend to fall into two different categories. If you’re wanting to do well in your nonprofit then typically that would fall under nonprofit strategic planning or nonprofit strategy as it’s business outcome based. However, the desire to do good falls into the non profit project management category as it’s about the ventures you’re taking on to make a difference.

Nonprofit management 101 will see to it that both of these outcomes are met but through this video I want to dive deeper into what a not for profit organisation is likely to encounter by pursuing either one of these outcomes. If you run a nfp in Australia or you’re putting together a non profit organization business plan then this episode is for you.

Setting KPIs for Your Not-for-Profit

Tue, 08 Jun 2021 12:00:00 +1000

How To Set KPIs For Nonprofits // Setting KPIs for nonprofits it’s just as important in knowing how to set KPIs in any other business. In this video I want to walk you through how to set KPIs for nonprofits so you are able to measure your success.

Nonprofit KPIs should take into consideration the overall strategic objectives of the organisation. This should come from Nonprofit management and will set the tone for how you begin to set your nonprofit KPIs. Key performance indicators in non profit organisations should also consider that the ‘key’ in KPI is about less than more.

If you are a not for profit in Australia and you are diving into your nonprofit strategic planning then take the time to consider adding KPIs into your nonprofit strategy in order to help the team understand what is expected of them.

5 Tips when Expanding Your Not-for-Profit

Tue, 08 Jun 2021 11:00:00 +1000

5 TIPS WHEN EXPANDING YOUR NOT FOR PROFIT IN AUSTRALIA // If you have started a not for profit in Australia then chances are the time will come when you need to expand past the kitchen countertop. In this video I give you 5 tips when expanding your not for profit in Australia.

These tips centre around your nonprofit strategic planning and require you to consider each major area of your not for profit to ensure governance is adhered to, budgets are running well and staff are managed appropriately. Nonprofit management requires a little more attention than regular for profit companies as there are extra areas of governance and policy that need attention.

Your not for profit organisation needs leadership to consider the nonprofit business plan, budgets, staffing, premises, governance, policies and subsequent documentation. Any not for profit organization ignoring any one of these aspects will, at some point, find themselves in hot water.

If you have any more questions, please connect with me over on Linkedin - https://www.linkedin.com/in/justin-hogg-right-source/

Nonprofit Accounting Basics - 5 Things Your Accountant Should Do!

Tue, 08 Jun 2021 11:00:00 +1000

Nonprofit Accounting Basics - 5 Things Your Accountant Should Do! // Today I want to run you through some nonprofit accounting basics from an accountant’s standpoint. 5 things your accountant should do and the five things that matter most accounting for a non profit organisation.

So what does your accountant do? Accounting in a not for profit organisation means anything from grant accounting to financial mentorship to cash forecasting, all of which I dive into in this video. The same applies for church accounting and really is nonprofit accounting 101.

Please understand that not for profit accounting is different from regular accounting and if you are a not for profit in Australia then it’s important to have an accountant in Australia who understands NFP accounting.

Setting Up A Not For Profit In Australia: Tax Concessions - PART 4/4

Wed, 02 Jun 2021 14:00:00 +1000

Setting Up A Not For Profit In Australia: Tax Concessions - PART 4/4 // Tax concessions is the topic for today’s episode. If you are a not for profit in Australia or looking to set up this type of company then make sure you go back and listen to the other episodes within this series.

We are on the home stretch as we talk about how to start a not for profit in Australia. Setting up a not for profit would not be complete if we didn’t discuss the tax concessions and fringe benefits tax in Australia. Now, as with anything I strongly recommend that you obtain professional advice in this area as the video I present to you is a general guide to setting up a not for profit in Australia.

We have so far covered how to start a not for profit in Australia, governance under the ACNC and nonprofit board governance.

So, if you’re looking at starting a nonprofit or you’re in the process of starting a nonprofit organization then this series is for you!

Setting Up A Not For Profit In Australia: Governance - PART 3/4

Wed, 02 Jun 2021 14:00:00 +1000

Setting Up A Not For Profit In Australia: Governance - PART 3/4 // Are you looking to start a not for profit in Australia? This is the third episode in a 4-part series rolling out on the subject and today we take a look at governance

This episode dives into nonprofit governance and what that entails when you’re figuring out how to start a not for profit in Australia.

Setting up a not for profit has a number of different elements that need to be considered including how a nonprofit board operates and the board governance guidelines that need to be adhered to. When setting up a not for profit in Australia you need to make sure that you are clear on these processes to ensure you are not inviting unnecessary risk into the organisation.

So, if you’re looking at starting a nonprofit or you’re in the process of starting a nonprofit organization then this series is for you!

Setting Up A Not For Profit In Australia: ACNC - PART 2/4

Wed, 02 Jun 2021 14:00:00 +1000

Setting Up A Not For Profit In Australia: ACNC - PART 2/4 // Thinking of starting a not for profit in Australia? Well, I have a 4-part series rolling out on the subject and today we look at the ACNC and their role in setting up a not for profit in Australia.

This episode looks into the process of registering your charity with the (ACNC) Australian Charities and Not for profit Commission, creating a constitution for your business and your reporting requirements to the ACNC.

Understanding how to start a not for profit in Australia requires you to understand the landscape in which you’re working. Setting up a not for profit has a number of different elements that need to be considered before starting so that you can build your not for profit on the right foot. Understanding where the ACNC fit in is one of those important elements.

When thinking about setting up a not for profit in Australia it's a good idea to look at the ACNC to get an understanding of who else is vying for the same space you are. Perhaps instead of starting a nonprofit or charity you could partner with someone that already exists? In the following 2 parts of our series we'll be diving into governance and your board, and also the ATO and tax concessions available to not for profit organisations (nfp Australia).

So, if you’re looking at starting a nonprofit or you’re in the process of starting a nonprofit organization then this series is for you!

Setting Up A Not-For-Profit In Australia - PART 1/4

Wed, 02 Jun 2021 14:00:00 +1000

Setting Up A Not For Profit In Australia - PART ¼ // Thinking of starting a not for profit in Australia? Well, I have a 4-part series coming on the subject and today we start with setting up a not for profit in Australia.

Understanding how to start a not for profit in Australia requires you to do some groundwork first. Setting up a not for profit has a number of different elements that need to be considered before starting so that you can build your not for profit on the right foot.

When thinking about setting up a not for profit in Australia you should be taking into consideration your why. What is your reason for going down this path? In this video we are going to look into this question as well as an overview on how to start a not for profit organization (starting a nonprofit). In the following 3 parts of our series we'll be diving into registration with the ACNC, governance and your board, and finally the ATO and tax concessions available to not for profit organisations (nfp Australia).

So, if you’re looking at starting a nonprofit or you’re in the process of starting a nonprofit organization then this series is for you!

Should NFPs Compete