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Pre- and Post-Award is like PB&J

RBW Strategy

There needs to be a robust budget and budget justification that outlines how you will spend your funds, and that these funds comply with federal requirements. If there are specific funding restrictions or caps in specific cost categories, how are you accounting for that in your budget, and does this impact your project narrative?

Award 130
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How to Develop Your Nonprofit Operating Reserves

Blackbaud

Find the Right Number for Your Nonprofit Operating Reserves The Nonprofit Operating Reserves Initiative (NORI) Workgroup suggests that the minimum operating reserve ratio at the lowest point during the year should be 25 percent, or about three months of the annual operating expense budget. However, this is not a universal benchmark.

Contracts 104
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Is It Time for Your Nonprofit or School to Make a CRM Change?

Blackbaud

There is no simple answer to the question of whether to consider a new constituent relationship management system. Change management: How does your team respond to change ? Save budget talks for the evaluation phase. Would you like to connect your CRM with your financial management system ? What about reports?

CRM 105
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3 Signs Your Organization Needs a Nonprofit Accounting System

Blackbaud

When your nonprofit is just getting started, your budget for an accounting system is likely very close to $0. Those low-cost tools can be a great way to launch and gain momentum, but there comes a point for every nonprofit when the time it takes to manage your fund accounting workarounds outweighs the cost of upgrading your system.

Finance 105
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How to Build a Better Nonprofit Budget in Less Time and with Less Stress

Blackbaud

Like a good recipe, your nonprofit budget requires high-quality ingredients, easy-to-follow steps, and a knowledgeable cook or two to put it together. Here are a few simple steps to help you create a solid budget that helps your organization allocate resources effectively and makes your budgeting process easier.

Budget 119
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How to create your new nonprofit’s first budget

Get Fully Funded

When you’re just getting started, it’s critical that one of your first steps is to create your nonprofit’s first budget to help you manage both your organization and your finances as it grows. Without a budget, you can find yourself in deep water, fast, with more money going out than coming in.

Budget 98
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9 Best Practices for Strong Nonprofit Financial Management

Blackbaud

Modern technology and clear rules are key to strong nonprofit financial management. But how do you perfect your nonprofit financial management? What is Nonprofit Financial Management? Nonprofit financial management is the process of managing the money that flows through your not-for-profit organization.