Bridgestar Launches Web-based Resource for Nonprofit Chief Financial Officers (CFOs)

Bridgestar, a nonprofit initiative of the Bridgespan Group dedicated to attracting, connecting and supporting senior leaders for the sector, today introduced a new area on Bridgestar.org designed specifically for nonprofit chief financial officers (CFOs).

[ClickPress, Mon Mar 19 2007] Bridgestar, a nonprofit initiative of the Bridgespan Group dedicated to attracting, connecting and supporting senior leaders for the sector, today introduced a new area on Bridgestar.org designed specifically for nonprofit chief financial officers (CFOs). The site offers ideas, tools and resources for prospective and current leaders as well as hiring managers

Available at https://www.bridgestar.org/Resources/Roles/CFO/Default.aspx, the site is one of Bridgestar’s robust portfolio of offerings that includes a companion site for chief operating officers (COOs) launched in Nov. 2006.

“The role of the nonprofit CFO often goes well beyond the role of CFOs in the private sector. For example, figuring out how much working capital an organization may be relatively simple in the private sector – but can be a real challenge in the nonprofit world, given restricted grants that can be used in limited ways,” said David Simms, Managing Partner, Bridgestar. “The CFO portal is designed to serve as a resource for organizations and individuals: for CFOs who are looking for information about those differences and are evaluating nonprofit careers, as well as for those within the sector who are looking to advance their careers; and for nonprofit organizations seeking to understand, create and hire for the CFO role.”

The CFO section is comprised of six key areas:
 About the Role: Information about what the CFO role entails, and profiles of nonprofit CFOs, for those looking to learn more about the role and how it is fashioned in different organizations.
 Prospective CFOs: Resources specifically for leaders preparing for job searches, including FAQs.
 Current CFOs: Connections to the Bridgestar CFO community, and resources for career planning.
 Recruiting a CFO: Information and tools for hiring managers, from tips on creating the position and sample job descriptions, to ideas for finding the right candidate.
 CFO Positions: Ability to view available operations positions from the Bridgestar job board, and/or post positions.
 Bridgespan Knowledge: Related content from the Bridgespan Group on topics such as business planning and managing growth.

“The launch of the CFO portal on Bridgestar.org is part of Bridgestar’s strategy to provide more resources to help members build and strengthen their organizations, and their careers. Our growing body of articles and tools, together with our services designed to connect senior leaders to Bridgestar and to each other, are designed to help business professionals decide whether a nonprofit leadership role is for them, to provide career- and recruiting-related ideas and tools for sector professionals, and to support nonprofits’ searches for senior leaders,” Simms added. “Bridgestar membership continues to increase, and our job board continues to grow. We believe this is the ultimate proof of concept for the value that Bridgestar brings to the nonprofit community.”

Bridgestar will continue to add content and features to the section. Over the next few months, Bridgestar plans to roll out additional companion sites later this year, along with an update of “Explore the Nonprofit Sector,” Bridgestar's area specifically for those senior managers in the private or government sectors beginning the journey of learning about nonprofit work.

About Bridgestar
Bridgestar (www.bridgestar.org), an initiative of the Bridgespan Group, is a nonprofit organization providing talent-matching services, content, and tools designed to help organizations build strong leadership teams and individuals pursue career paths as nonprofit leaders. Bridgestar’s goal is to attract, connect, and support senior talent, leading to greater organizational effectiveness and social impact.

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