PresenTense's Fiscal Responsibility to its Community
>>Mon Aug 31, 2009
What is the fiscal responsibility of a nonprofit to its community? This question is one that has been on my mind for a while, and one being dug into by our PresenTense management team over the course of these two months as we develop a strategic plan during these uncertain times.
One thing is for sure, PresenTense will learn from the lessons of the PLP closure, which I reflected upon in my article in the Forward. That is to say, our finances are currently divided into earned and donated revenue (60% earned through specific products, 40% financed through grants, much of which is restricted) -- but we seek to increase our earned revenue component to 80% over the next two years.
But that is only the fiscal side of our operations.
