In 2014, GuideStar and BoardSource partnered to create a vehicle for nonprofits to share information about how their organizations are governed on the GuideStar Exchange. To date, nearly 11,000 organizations have done so. “Strong governance is vital to a nonprofit’s success,” says Jacob Harold, president and CEO of GuideStar. “Now, the new GuideStar Nonprofit Profiles make it easier to find board information and highlight best practices in governance. We thank BoardSource for partnering with us to develop this section of the profiles.”
This post also appears on the GuideStar blog. It is cross-posted with permission.
I’m excited to announce a major milestone in GuideStar's history.
GuideStar's vision is to drive philanthropy by increasing nonprofit data collection, distribution, and innovation. Today, we take a giant leap toward further achieving that vision. I am happy to officially debut our completely redesigned GuideStar Nonprofit Profiles.
We started this redesign process by asking you and ourselves one question: In 2016, what will matter most when sharing a nonprofit’s story? Using this framework, here are some of the major updates we’ve made:
Enhanced presentation and clarity of information
Our reorganized profiles offer a clearer view of each nonprofit organization. We begin with a summary and then group your information into three categories:
- Programs and Results
Increased focus on information that matters most
Our new profiles emphasize answers to key questions about nonprofit programs and performance. This means simple financial metrics will no longer be the primary focus when telling a nonprofit's full story (goodbye, overhead ratios!) Instead, we’re highlighting the progress organizations are making toward accomplishing their overall missions.
Turning snapshots into stories
Data is meaningless without context. That’s why our new profiles share information over the entire lifespan of an organization. Users can now see organizational growth, revenue, expenditures, and funding in a historical context. Interactive graphs highlight patterns and differences from one year to the next, showing as many as 15 years of data.
New information adds new chapters to nonprofits’ stories
Not only are our profiles redesigned they are filled with new information, such as:
- Narratives indicating the progress organizations are making toward their mission, called Charting Impact (in partnership with Better Business Bureau’s Wise Giving Alliance and Independent Sector)
- Information about essential board leadership practices (in partnership with BoardSource)
- Diversity information of nonprofits, their employees, and their boards (in partnership with D5 and Green 2.0)
It’s simple. Increasing the depth and clarity of nonprofit data increases the quality of decisions in the nonprofit sector. More accessible and relevant data therefore strengthens trust in the nonprofit sector. This combination of improved trust and quality is critical in effecting more and better giving.
How you can engage
We encourage everyone to visit our website and explore the new GuideStar Nonprofit Profiles. Tell us what you think by leaving a comment below!
Lastly, if you’re a nonprofit, make sure you are using the profile to tell your organization’s full and complete story to our 7 million annual users. Claim and update your profile today.
Thank you for investing in a better world,
President and CEO, GuideStar