Nonprofit Finance Disasters Writing expectations include competency in the following: Sentence Structure Punctuation Spelling Focus and Organization Thesis Statement & Conclusion. A 5-8 page essay (excluding title page and references page). You should use a minimum of 4-5 sources.
In Spring 2015, one of New York City’s largest nonprofits with a budget of over $200 million closed its doors leaving hundreds of thousands of poor and disabled without services.
Please watch the following news clip:
http://pix11.com/2015/02/09/accounting-snafu-forces-major-charity-to-shut-doors-clients-learn-of-closure-from-pix11-news/ (2:54)
Then read the following articles:
1) Major social service nonprofit to shutdown. Retrieved from http://www.crainsnewyork.com/article/20150130/NONPROFITS/150139985/major-social-service-nonprofit-to-shut-down
2) The wrecking of a blue-chip New York nonprofit. Retrieved from http://www.capitalnewyork.com/article/albany/2015/03/8564054/wrecking-blue-chip-new-york-nonprofit
Research nonprofit finance and address the following questions:
1) Why did FEGS close down?
2) What specific financial issues were there?
3) Should its executives receive the compensation that they did?
4) Should there have been greater financial oversight?
5) How could this scenario been avoided to begin with?
6) If you were given the organization to run as is now, what would you do? Would you close? Would you partner? Please backup your opinions and answers with source materials your own external research.
Writing Guidelines Must be double-spaced with 1-inch margins and typed in12-point Times New Roman.
Essay should have a Title Page and References Page. Essay should be in APA style. You must cite all texts used, including page numbers to avoid plagiarism. The essay must have a thesis statement and conclusion that are both supported by research and analysis.
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