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The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Because your organization cant turn a profit by definition, the goal of tracking your finances is to demonstrate to donors, funders, the government, and the community that youre using your funding responsibly to further your mission. Internally, this report is most useful for budgeting.

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Which Fundraising Events Bring in the Most Money for Small Nonprofits?

Get Fully Funded

You don’t want to spend more than you raise, and poor planning can turn an event into a budget buster that wastes your most precious resource – time and volunteers. Tupperware parties, garage sales, and candle fundraisers will not sustain your budget. The RIGHT event: Raises 10-20% of your annual budget. BUT the flip side?

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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.

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Estate Planning Essentials: 10 Crucial Documents for Organizing Your Affairs

Planned Giving

However, modern online tools have simplified this process, making it more accessible and budget-friendly than ever before. These non-probate assets include 401(k) accounts, pensions, and life insurance policies. What Is Estate Planning? Its important to keep these designations updated, as they take precedence over your will.

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Stories from Donors in the 2021 Burk Donor Survey on Why They Give

Penelope Burk

. ————————————————– In my early twenties, living on my own and under a very tight budget, I was walking the 16th Street Mall on my lunch hour. There were times in my life when money was pretty tight, and my food budget was really limited.

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Write Your Nonprofit Business Plan in 9 Sections

Get Fully Funded

Be ready to share in the Financial section how this growth will impact your budget, both in revenue and expenses. Don’t forget things like legal and accounting services, insurance, website upkeep, internet, phone bills, and utilities. Will you need more refrigerated space? More trucks? More staff or volunteers? Will you expand hours?

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Importance of Estate Planning: Why You Need an Estate Plan

Planned Giving

Definition and Purpose of Estate Planning Think of the importance of estate planning as your way of taking care of your loved ones from beyond the grave (sounds a bit spooky, I know). You may not want to pick the friend who can’t budget their way out of a paper bag. But choose wisely.