Blog

By Jim Mellor and Brian Keel

Recently the CEO of a major charity told us: “People here are dancing in the street! They can’t believe how much funding is now available to us.”  With the passage of the $1.9 trillion “American Rescue Plan”, YMCAs, health and human service agencies, private schools, faith-based organizations, camps, and other nonprofits have access to unprecedented funds. In addition, there were other federal stimulus plans passed in 2020 and programs like 21^st Century Grants, Head Start and others continue to be open for business.

Throughout the past few months, conversations with clients from around the country have centered on one basic question:

By the DBD Finance Team

Congress has enacted several key pieces of legislation over the last year to help businesses continue operations during the COVID pandemic. As we move deeper in 2021 it is important to know that several types of assistance for non-profit organizations still exist. While not every organization qualifies based on size or adverse economic impact, it is worth looking to see where you fit in.

By the DBD Financial Management Team

In the latest episode of the DBD Podcast, Jon Simons talks to DBD teammates Brian Keel and Jim Mellor about managing nonprofit finances in the coming year. From budget forecasting to working with your bank, their forthright advice will help you make better decisions now and in the future.

Cultivating sustainability in an organization has long been a best practice. During 2020, we have seen this importance magnified as those who embraced a philosophy of sustainability are generally weathering the pandemic and related economic turmoil better than the rest.

The good news: it’s never too late to embrace a sustainable mindset!

Our current crisis has revealed the financial strengths and weaknesses in our companies, in our families, and in nonprofits. While no one could have anticipated this particular set of circumstances, history tells us that challenges will always come. 

The National Aeronautics and Space Administration (NASA) is planning a four-year mission in 2022 to travel to the asteroid Psyche 16.  While space missions are interesting by default, this one is gathering a great deal of attention.  According to the headlines, this space rock is believed to be composed of platinum, nickel and enough gold to make every person on Earth a billionaire many times over. The math is straightforward. Gold sells for a certain amount per ounce, the asteroid may contain a certain number of ounces and the Earth’s population is easily estimated.