Sponsored by WizeHive.
With organizations like Charity Navigator using an overhead ratio as a key factor in their ratings, nonprofits are often afraid to invest in technology because donors expect low overhead. As a result, nonprofits skimp on vital systems and proudly affirm their low overhead, which in turn fuels donors’ skewed beliefs, strained staff, and potentially less-than-optimal grantmaking decisions and inadequate tracking of impact data. Thankfully, University of North Carolina researchers have suggested a new overhead algorithm called the Data Envelopment Analysis, which assigns weights to the inputs and outputs that maximize efficiency and then calculates an efficiency score. What are these areas and how can organizations show the real value and importance of an investment with these numbers? Participants will learn the costs (financial and otherwise) of not investing in their organization’s infrastructure and administrative needs, ways to better calculate and determine the value of technology investment, and how to demonstrate that investment can improve grantmaking, accountability, and data management.
Audience: All Audiences