Get Fully Funded

OCTOBER 26, 2022

Getting your programs off the ground, ensuring legal compliance, recruiting staff and volunteers, and correctly managing your nonprofit’s finances can be daunting. Events have some of the highest ROIs of any fundraisers, but they require careful planning and room in your budget. Event revenue.

Finance 98

Finance Management Nonprofit CRM 98

Blue Avocado

FEBRUARY 4, 2022

And the story of what your organization plans to do in the coming fiscal year is called the budget. Every year, organizations like yours go through the process of creating a budget to be approved by your board of directors. […]. The post Practical Tips for Nonprofit Budgeting appeared first on Blue Avocado.

Budget 91

Budget Nonprofit Finance Management 91

Ann Green's Nonprofit

NOVEMBER 26, 2024

In it, include guidance on gift acceptance, conflicts of interest, expense reimbursement, and staff compensation, among other aspects of nonprofit finance. According to Jitasa , most nonprofits start out using the cash accounting method to track their finances—i.e., Methodology. Chief financial officer (CFO).

Finance 146

Finance Policy Policies Nonprofit 146

Veritus Group

JANUARY 26, 2024

The post Question of the Month: Why do we recommend creating both budget AND aspirational goals? In this Question of the Month video, Jeff and Richard share more about why it's important to have these two different goals in mind. appeared first on Veritus Group.

Budget 111

Budget Goals IT Finance 111

Millionaire Grant Lady

JANUARY 24, 2025

At minimum, you will always want to submit your IRS Determination Letter, proving that youre a non-profit, and a program budget (or overall budget, if youre looking for general operating funding). Program Budget: An ideal program budget will include both revenue and expenses, and these amounts should balance or come close to it.

Funding 130

Funding Grant Grants Budget 130

DH Leonard Consulting & Grant Writing Services

DECEMBER 6, 2024

Effective grant management goes beyond tracking funds in your CRM its also about budgeting effectively, prioritizing programs that need financial support, and delivering timely reports to grantmakers. Many grantmakers request a proposed budget along with grant applications to show youre thinking about these goals from the start.

Finance 52

Finance Grant Management Management Grant 52

Peak Proposals

APRIL 3, 2023

Grant proposals have at least two parts: the project narrative and the budget (aka cost proposal). There may not be a division of responsibilities between the cost and narrative proposals at a small nonprofit, leaving the project lead (or the grant writer) to both write the proposal narrative and prepare the budget.

Budget 69

Budget Grant Grants Proposal 69

Blue Avocado

JUNE 27, 2022

There are as many forms of nonprofit budgets as there are forms of organizations. Unlike financial statements, which have some rules and guidelines according to accounting standards, the same level of industry-imposed standardization for budget documents and formats doesn’t really exist. appeared first on Blue Avocado.

Budget 98

Budget Template Nonprofit Finance 98

Blackbaud

JULY 24, 2024

Having multiple people working on your organization’s finances helps ensure accuracy—not only by delegating tasks efficiently, but also by allowing for additional review of records and reports. What practical steps can we take to get this organization where it needs or wants to be with its finances? Analyzing budgets.

Finance 104

Finance Strategic Plan Budget Nonprofit 104

GiveSmart

NOVEMBER 27, 2023

Managing your annual budget—and multiple budgets within it—is one of the most crucial components of running a nonprofit organization. Learn more about what a nonprofit fiscal year is and how you can arrange your budget to best meet your organization’s financial needs below. What is a Nonprofit Fiscal Year?

Budget 73

Budget Finance Calendar Software 73

GiveSmart

MAY 8, 2024

While working towards accomplishing your organization’s mission, development and finance teams have different timelines and metrics. Executive directors are responsible for bridging the gap and promoting collaboration between finance and development teams.

Finance 52

Finance Strategic Plan Budget Software 52

Blue Avocado

NOVEMBER 6, 2023

Is your organization’s CFO ready to put together a grant proposal budget that will make an impact with potential funders? The post The Art of Grant Budgeting: A Guide for Nonprofit CFOs appeared first on Blue Avocado.

Budget 84

Budget Grant Grants Proposal 84

Blackbaud

JANUARY 13, 2025

Ask the finance team. Finance teams can help their nonprofit organizations evaluate new revenue streams, enhancing the organizations stability and mitigating risk while intentionally experimenting with varied income sources. Even your IT team suggested selling the research tool they built to other organizations.

Finance 104

Finance Strategic Plan Consultant Consulting 104

Blackbaud

MAY 27, 2024

It’s budget season, and the spreadsheet chaos has begun. You want to document your process to save yourself valuable time next budget season. You want to be able to easily report on budgets in a variety of accurate, clear ways without too much fuss, and know what was approved versus what’s been modified. What if it raises more?

Budget 59

Budget Software Funding Utilities 59

Blackbaud

NOVEMBER 8, 2023

Relying on core policies that include both finance and program offices improves collaboration because everyone knows what their roles are and where the directive comes from. Tip 10: Make sure everyone understands the reporting cadence and process for tracking the budgets vs actual, reviewing invoices, and indirect cost monitoring.

Government 115

Government Indirect Cost Indirect Grant 115

Blackbaud

JULY 3, 2024

A Director of Finance at a nonprofit shared this sentiment with us during our research on the value of AI in fund accounting. What Do Nonprofit Finance Professionals Want from AI? These finance functions require a high level of accuracy, attention to detail, and analytical skills. The future of nonprofit accounting is analysis.

AI 100

AI Finance Funding Training 100

NonProfit PRO

AUGUST 9, 2024

Join us as we discuss how overspending on personnel costs is a challenge for many non-profit finance leaders. You’ll learn how position control can help departments better manage spending, how to develop a position control system for your agency and how to integrate position control within your existing budget.

Finance 92

Finance Budget Nonprofit Management 92

Ann Green's Nonprofit

JULY 16, 2024

Maybe this sounds impossible, especially if you’re a small organization and worried about your finances , but you can do this! Will certain policies or budget cuts affect your organization? Many states have issued their budgets for the next fiscal year. I’m a big fan of advocacy alerts.

Policy 172

Policy Policies Electronics Budget 172

Just Write Grants

SEPTEMBER 6, 2023

With our digital school bells ringing, it's time to attend a masterclass in nonprofit finance. Organizational Budget : A detailed outline of how a nonprofit plans to earn and spend money over a certain period. Creating a budget involves: Making realistic projections about revenue and expenses.

Finance 52

Finance Liability Organizational Budget Budget 52

Blackbaud

DECEMBER 23, 2024

When your nonprofit is just getting started, your budget for an accounting system is likely very close to $0. And this data rolls up into your organizational budget to give you a holistic view of your finances. It may be time to look for a fund accounting system with subfund capabilities when you notice these three signs.

Finance 104

Finance Organizational Budget Budget Nonprofit 104

Grant Writing Made Easy

MAY 1, 2024

If hearing about nonprofit budgets makes you cringe a little ( or a lot ), keep reading. In 2024, the grant landscape for nonprofits has evolved significantly, emphasizing the need for meticulous financial planning and transparent budgeting to meet funder expectations. We’ve got you.

Budget 52

Budget Grant Writing AI Utilities 52

Fundraising HayDay

APRIL 15, 2021

Getting comfortable with understanding and developing program/project budgets is essential for winning grants. Most grant professionals do not have a finance or accounting background, but budget building skills are necessary for every grant proposal. Consider this episode grant budgets for English majors.

Budget 40

Budget Grant Grants Finance 40

Blackbaud

MAY 28, 2024

Responsibilities such as running the audit, preparing the fiscal year budget, paying bills, telling finance committees what the numbers mean, and identifying what’s at risk are all important. Identify cash reserves , fixed assets, and designated investments to keep the business office ahead of the Finance Committee curve.

Finance 96

Finance Strategic Plan Nonprofit Goals 96

Blackbaud

FEBRUARY 13, 2025

As a nonprofit finance professional, you want all your data to be accurate. Discrepancies and Budget Overruns Manual time tracking and payroll allocation can result in discrepancies between recorded time and payroll provider data. These discrepancies can lead to budget overruns and difficulties in managing funds effectively.

Grant 94

Grant Grants Indirect Cost Budget 94

Not Your Father's Charity

APRIL 27, 2022

One of the most critical responsibilities is overseeing the organization’s finances. Therefore, when searching for a nonprofit board chair, the person has to have an adequate understanding of financial management and experience in overseeing budgets. A nonprofit board chair gets involved in many aspects of the organization.

Finance 130

Finance Nonprofit Budget Training 130

Blackbaud

DECEMBER 20, 2023

Working with a lean budget means even the slightest unexpected expense can create a stressful situation. From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store.

Indirect Cost 101

Indirect Cost Indirect Finance Policy 101

Grant Writer Team

AUGUST 1, 2024

Managing finances can be daunting for many nonprofit professionals, particularly those new to oversight roles within nonprofit organizations. But what exactly does a nonprofit finance committee do? Read on and explore the role of the finance committee with GrantWriterTeam. Why is it so vital to an organization’s success?

Finance 70

Finance Budget Nonprofit Liability 70

Blackbaud

SEPTEMBER 19, 2024

Nonprofits use the Statement of Cash Flows in several key ways: Planning and Budgeting: Forecasts cash needs and plans for future expenses. By analyzing cash flows from operating, investing, and financing activities, organizations can identify trends, manage expenses, and make strategic decisions about future initiatives.

Finance 90

Finance Nonprofit Liability Indirect 90

Grant Training Center

AUGUST 21, 2023

Project Management Abilities: Grant writing often entails creating project plans, budgets, and timelines. Financial Literacy: Grant writers often work on budget development and financial projections. This financial literacy is relevant to jobs in finance, accounting, and budget management.

Grant Writing 94

Grant Writing Grant Grants Strategic Plan 94

Blackbaud

JULY 22, 2024

Revenue diversity is a good hedge against the unexpected, but diversity alone is not enough when your budget is threatened or dismantled by outside forces. Use budget scenarios to plan for possible outcomes and contingencies. Save time by leveraging your technology so your finance team can focus on strategy, not bookkeeping.

Management 92

Management Pass-Through Budget Demographics 92

Blackbaud

JANUARY 9, 2025

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 96

Contracts Contract Budget Nonprofit 96

Assel Grant Services

OCTOBER 6, 2024

As a result, evaluation costs fluctuate, and the conventional guidance to devote 10% of the program budget to evaluation isn’t always accurate, at least for federal grant programs. There are three primary factors that influence the evaluation budget: program, evaluation design, and reporting/dissemination.

Budget 40

Budget Grant Grants Federal Grants 40

Blackbaud

APRIL 1, 2024

Cybersecurity on a Budget: Leveraging Open-Source Software and Trusted Vendors Presented by Don Rahn, Director of Security Operations, Blackbaud In the high-stakes world of cybersecurity, defending against threats is non-negotiable. But what if your budget doesn’t match the magnitude of the risks?

AI 102

AI Software Budget Conference 102

Get Fully Funded

JUNE 5, 2023

When set up right, your nonprofit accounting system will help you manage your nonprofit and streamline processes like budgeting, projecting cash flow, and even hiring. Your Accounting system should be your # 1 tool in managing your nonprofit’s finances and keeping it financially healthy. The same rule applies to credit cards and loans.

IT 98

IT Budget Nonprofit Software 98

Candid

MAY 13, 2021

Manage budgets based on multiple projects. Making it possible to define a project’s budget and limit expenses by category to ensure expenses are within the allocated budget. Most nonprofit leaders and staff tend to focus on the mission solely, but they also have to accomplish basic business tasks to keep the organization going.

Software 111

Software Management Policy Policies 111

Candid

NOVEMBER 16, 2021

It provides free information on nonprofits’ missions, visions, values, programs, leadership, and finances. You can review nonprofits’ tax returns on GuideStar to find out more about their budgets, expenses, and how much top salaried employees are paid. These include cover letters, proposals, letters of inquiry, budgets, and more.

Letter Of Inquiry 119

Letter Of Inquiry Nonprofit Proposal Training 119

Candid

JULY 26, 2022

Overhead ratio essentially refers to the amount of a nonprofit’s budget that’s dedicated to overhead costs (i.e. Work with a nonprofit accountant to create an ironclad budget and stick to it. The nonprofit overhead myth is a pervasive challenge, causing both external and internal limitations on a nonprofit’s finances.

Fundraising 122

Fundraising Budget Demographics Finance 122