Remove Budget Remove Definition Remove Indirect
article thumbnail

What’s New and What’s Next: Why Your Finance Team Should Attend bbcon 2024

Blackbaud

There are several exciting times of the year for nonprofit finance professionals—budget season, audits, year-end close. From required statements of financial position and budgets to dashboards that compare your revenue streams over time, you often share your financial stories through your reports.

Finance 87
article thumbnail

The Nonprofit Administration Dilemma: How Much Should You Spend on Fundraising?

Get Fully Funded

As the costs add up, you might be asking: How much of a nonprofit’s annual budget should be spent on administrative tasks and fundraising? Look at it this way: If you’re not spending at least 15% of your budget on fundraising, you may be standing in the way of your own success. You may find yourself spending money on the tech tools.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nonprofit Accounting Basics: 5 Fundamentals to Know

Get Fully Funded

However, nonprofits like yours can’t turn a profit by definition—all of the funding you bring in has to be reinvested into your organization. Budgeting Your nonprofit’s annual budget is a key financial planning document that guides your organization’s spending and fundraising efforts.

Policy 52
article thumbnail

Untangling the New Uniform Grant Guidance

RBW Strategy

We’ll start by discussing the “why” of these changes, why the Office of Management and Budget (OMB) decided to make them now, and how they align with larger changes happening in the federal government. This has led to a more robust definitions section and ensures a lack of ambiguity. Let’s examine each one. Plus, there’s more….

UEI 130
article thumbnail

Questions to Ask Before Responding to a Funding Opportunity

Peak Proposals

The areas where questions typically come up tend to fall into one of six buckets: (1) eligibility, (2) formatting, (3) scope, (4) personnel, (5) budget, and (6) partnerships. The definition of “key personnel” is not fixed and varies by funder. Most funders list their policy on indirects in the solicitations.

Funding 40
article thumbnail

A Look at 2024 OMB Uniform Guidance Updates By: Kellie Brungard, GPC

Assel Grant Services

Office of Management and Budget (OMB), an agency within the Executive Office of the President, issues government-wide grants-related guidance for federal departments and agencies and is responsible for the maintenance of this document. There are six subparts and twelve appendices: Subpart A – Acronyms and Definitions (2 CFR 200.0

GPC 40
article thumbnail

A special Q&A session

Get Fully Funded

If we break our budget down by number of families, months, days, etc. A: Asking once during the year is definitely not enough and asking once a month is probably too much. You definitely want to be communicating with your donors throughout the year in addition to the times you ask for money. Indirect service Nonprofits.