First, the good news. There are plenty of young, ambitious and talented people eager and ready, or almost ready, to take leadership roles in the nonprofit sector.

The large pipeline of younger leaders should help mitigate fears that organizations that provide crucial services and social support could be crippled by a “leadership deficit” in the next decade as members of the baby boom generation change gears, according to a new report conducted by CompassPoint Nonprofit Services, Idealist.org, the Annie E. Casey Foundation and the Eugene and Agnes E. Meyer Foundation.

Now, the bad news. Many of those potential leaders are leaving the nonprofit sector because of pay, long hours and what they perceive as limited chances for training and promotion, according to the report, “Ready to Lead? Next Generation Leaders Speak Out.”