Building Bridges - The TANGO Blog
TANGO’s mission is to build bridges between the nonprofit sector and the business sector. The mission is based on the belief that the interests of the sectors are capable of being aligned, and that communities do better when their interests are aligned.
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An alignment of interests is not the same as a merger of interests. Each sector is responsible for different tasks within a community, both sets of tasks are necessary conditions for community stability, and each sector should be allowed to perform the tasks for which it is best suited without undue interference from the other. However, recognizing the equally important role each sector plays in the community, the sectors should support each other, and doing this will require a bridge over which information, ideas, problems, solutions, and goals are exchanged freely in both directions. |
The principles upon which the bridge will be built are the TANGO Founding Principles appearing at the beginning of our textbook, The TANGO Nonprofit Method. This Blog is one component part of the bridge we will be building, and it will be both a platform and a portal to identify relevant information, ideas, problems and solutions and to discuss them openly and critically. Finally, our roots are in the business sector, and we will bring “business-like” rigor to our commentary. We will be frank and clear so as not to be misunderstood, while always being respectful. We also invite counter-opinion from those who disagree. Having said this, our critique of nonprofit sector organizations will be based on the following rigorous standards and principles: |
ONE: Tax-exempt status is a privilege conferred by federal and state legislative acts. Tax exemptions and tax deductions reduce public tax revenue, and, as such, indirectly subsidize nonprofit sector operations.
TWO: The governing boards and management teams of these organizations must adhere strictly to high fiduciary standards when expending and managing the funds and assets of the organizations they serve. Moreover, as fiduciaries of financial and other assets dedicated to a public/charitable purpose, nonprofit governing boards have a higher level of responsibility than do our elected officials who are not held to fiduciary standards when they exercise their voting authority over public assets.
THREE: Nonprofit governing boards have a duty to develop a set of measures and metrics to gauge both internal operating functions and the social impact of their organizations. The applicable measures and metrics should be prepared in conformance with the fiduciary standards mentioned above consistent with applicable benchmarks, data, and known industry standards.
FOUR: Organizations should report prominently and candidly the results of operations relative to the measures and metrics. The fiduciaries governing boards of these organizations must have the courage to report poor measures and metrics, not unlike the manner in which publicly traded business organizations are required to do so – even if over the objections of management.
FIVE: Nonprofit Organizations should not misuse the emotional appeal of their mission. The emotional appeal of a mission statement should be subordinate to the measurement and metric outcomes.
The Financial Intersection of COVID Expenses and the (inflated) Stock Market
What impact, if any, should unusual expenses arising from the Pandemic have on the spending policy? Is it prudent to tap the extraordinary market appreciation of the last 12 months?
Understanding Facebook Metrics
Understanding Facebook Metrics Eric Heineman, Senior Business Development Consultant & Director of Strategic Partnerships There are many different metrics to measure performance in Facebook Ads Manager, and some of them seem very similar. When advertising on...
The Pandemic at the Community Foundation level – How the Main Street Community Foundation weathered the Storm
Jack Horak talks with Susan Sadecki of the Main Street Community Foundation about the lessons they learned during the COVID-19 pandemic.
Tips for building remote-work policies that last
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A Discussion with Hartford Youth Scholars
Jack Horak interviews Anthony Byers and Roxanna Booth Miller of Hartford Youth Scholars and the success their nonprofit has seen in recent years.
Pandemic-related unemployment claims will force Connecticut to raise taxes
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Employers’ Focus on Health Benefits Shifts
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TANGO’s Board Diversity Initiative
Jack Horak discusses the start of the TANGO Board Diversity Initiative and the programs TANGO has designed to help nonprofits address their diversity challenges.
Using and Recognizing your PPP Dollars Accurately
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Revisiting Nonprofit Metrics – TANGO Trends interview with Dr. Sam Coy
Jack Horak talks about Revisiting Nonprofit Metrics and the book, The Outcomes Movement in Philanthropy and the Nonprofit Sector, with Dr. Sam Coy, Founder Coy Consulting Group, LLC a Massachusetts state certified minority/woman owned business enterprise.
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