From top left: Dennis McCuistion, Jim Falk, Roslyn Dawson Thompson, Monica Egert-Smith and Froswa Booker-Drew discuss the effects of COVID-19 on non-profit organizations on The McCuistion Program.
The nonprofit community has been hit hard by the COVID pandemic.
For many, funding and resources are down, making it even more challenging to accomplish their work. Over 40 % of development leaders anticipate a double-digit percentage drop in their revenue this year.
Several of my nonprofit clients are experiencing the effects COVID is placing on this community, as has our own nonprofit. Especially challenged are smaller nonprofits and those in the Black community.
It prompted me to produce one of our McCUISTION TV programs on these concerns and ask some of North Texas’ key nonprofit leaders to share their experience and insights. (The program airs Sunday, September 13th on KERA, PBS Dallas).
Joining the program’s hosts, Jim Falk and Dennis McCuistion are:
Roslyn Dawson Thompson
President and CEO,
Texas Women’s Foundation
Monica Egert-Smith
Chief Relationship Officer,
Communities Foundation of Texas
Froswa Booker- Drew
Vice President, Community Affairs and
Strategic Alliances, State Fair of Texas.
The period from 2016 to 2020 saw consistent growth in the number of 501(c)(3) Public Charities. According to a 2019 report by the Center for Civil Society Studies at Johns Hopkins University, “nonprofits account for roughly one in 10 jobs in the U.S. private workforce, with total employees numbering 12.3 million in 2016. Since 2007, nonprofit jobs grew almost four times faster than for-profit ones”.
Yet even though nonprofits contribute so much to the economy, they are hampered by the economy itself, decreasing funds and donations, and now COVID has forced most to cancel the fundraisers and events that brought in their major source of operating revenue.
Concerns about their survival are very real.
