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 105

Finance Strategic Plan Consultant Consulting 105

Blackbaud

MARCH 3, 2025

But how do you justify spending money on a budgeting tool instead of supplies for an after-school program? Here are a few considerations when advocating for technology investments in your accounting and finance departments. Would this investment speed up budgeting, provide more accurate data, or mitigate risk?

Finance 77

Finance Strategic Plan Proposal Goals 77

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 105

Finance Budget Organizational Budget Nonprofit 105

Blackbaud

MAY 6, 2024

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. But when you have all the pieces—accurate data, a clear process, and a finance team to put it together—you can make a three-course meal look easy.

Budget 118

Budget Strategic Plan Finance Insurance 118

Blackbaud

AUGUST 20, 2024

There are several exciting times of the year for nonprofit finance professionals—budget season, audits, year-end close. They will discuss the importance of having both your development and finances teams involved in donor stewardship. Reporting is a key part of any finance professional’s role.

Finance 105

Finance AI Federal Grants Indirect Cost 105

Get Fully Funded

AUGUST 27, 2023

Nonprofit budget. Yet a budget is a critical tool in managing your organization. A nonprofit budget can bring so many positives: Finances are much easier to manage because you know what expenses and revenue to expect. If you want to grow your nonprofit, a budget is not optional. and no organizational budget.

Budget 98

Budget Finance Organizational Budget Management 98

Grant Professionals Association

FEBRUARY 26, 2025

Although inflation has cooled, balancing budgets hasnt necessarily become easier. Dive Deep into Your Budget Cost-cutting isnt just a once-a-year task during the annual budget season. Dive Deep into Your Budget Cost-cutting isnt just a once-a-year task during the annual budget season.

Budget 40

Budget Grant Writing Strategic Plan Finance 40

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 103

Contracts Contract Budget Nonprofit 103

Grant Writing Made Easy

AUGUST 3, 2022

At our most recent Grant Writing Made Easy workshop, we did a deep dive into nonprofit program budgets. Of all the topics I teach inside the course, the budget is the one that students have the most anxiety and confusion around. (By Follow this 3-step process for creating nonprofit program budgets. Understand the key terms.

Budget 98

Budget Grant Writing Nonprofit Consultant 98

Veritus Group

APRIL 24, 2024

When your fundraising budget isn't properly allocated across the donor pipeline, it has economic consequences for your non-profit. The post How Should You Spend Your Fundraising Budget? (#5 5 of 6) appeared first on Veritus Group.

Budget 114

Budget Fundraising IT Finance 114

Get Fully Funded

MARCH 20, 2023

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

Budget Finance Software Liability 98

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 102

Grant Grants Indirect Cost Budget 102

Blackbaud

APRIL 4, 2024

Let’s face it—budget planning can cause a lot of stress and anxiety for nonprofits. Most organizations face frequent budget cuts, which creates organizational uncertainty and a scramble for new funding options. Analyzing your budget this way also allows you to understand the ROI of each program.

Finance 119

Finance Budget Indirect Cost Indirect 119

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 93

Budget Nonprofit Finance Management 93

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

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 92

Budget Finance Calendar Software 92

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

Grant Writer Team

MARCH 27, 2025

The board approves budgets, reviews financial reports, and ensures proper controls are in place to keep finances in check. Risk Management From finances to reputation, the board identifies and mitigates risks. They determine salary, define responsibilities, and establish oversight committees to ensure accountability.

Government 64

Government Ethics Proposal Finance 64

GrantNews

DECEMBER 11, 2024

Private foundations Community foundations Corporations State Government Local Government Federal Government Pro Tip: If your organization is small (budget under $1 million), new (in existence for less than five years), or has never received a grant larger than $45,000, smaller foundations will be your best funding sources.

Grant 113

Grant Grants Proposal Application 113

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 101

Budget Template Nonprofit Finance 101

Blackbaud

MARCH 31, 2025

These can include disbursement timelines, budget allocation, and project progress. For instance, you could share budgeting templates, provide a referral to a financial advisor, or recommend attending a workshop on managing large-scale funding. Consider creating reporting dashboards that clearly display key metrics.

Grant 53

Grant Grants Grant Management Award 53

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

Blackbaud

DECEMBER 30, 2024

Coffman stated in their GuideStar article : Theres no question that nonprofit organizations have an obligation to manage their finances responsibly. Unfortunately, philanthropies are typically (and problematically) judged by the first two criteria. As Chuck McLean and Suzanne E.

Metrics 111

Metrics Finance Management Goals 111

Blackbaud

JANUARY 24, 2025

It helps you better understand your donors, keep them engaged, and work more efficiently with your finance, marketing, programs, and leadership teams. Integrating finance and fundraising makes reconciliation easier and helps improve donor stewardship. Volunteer management platforms: Keep all your volunteer information in one place.

CRM 95

CRM Software Nonprofit Readiness 95

Allied Grant Writers

DECEMBER 26, 2024

Provide a Budget : Include a detailed budget that outlines how grant money will be used. Detailed Budget Shows understanding of costs and financial planning. Prepare Required Documents : Common documents include project proposals, budgets, resumes, and letters of support. Below is a sample budget template.

Grant 52

Grant Grants Grant Writing Application 52

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 105

Finance Strategic Plan Budget Nonprofit 105

The NonProfit Times

JANUARY 8, 2025

He oversees all aspects of Americares financial management, including planning, budgeting, forecasting, procurement, treasury, investments, accounting, grants and financial reporting, according to a statement from the organization. He most recently was chief finance and administration officer for Counterpart International, a Washington, D.C.

Procurement 52

Procurement Finance Budget Education 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 86

Budget Grant Grants Proposal 86

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

DECEMBER 17, 2024

Nonprofit Grant Proposal Budget Calculations: A Road Map Whats the best way to make your nonprofits budget stand out on a grant application? Finance Once your nonprofit or private foundation is tax-exempt, you never have to deal with the IRS again, right? Simple acts can have a big impact on the community!

Budget 74

Budget Finance Burnout Grant 74

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

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 105

AI Finance Funding Training 105

Blackbaud

JANUARY 14, 2025

At some point, you will realize that more staff and more budget can take you only so far. You Need to Customize Your Workflows and Integrate Systems Growing fundraising teams typically want to leverage custom workflows and integrate with related software systems like those used by finance and digital marketing.

CRM 105

CRM Readiness AI Management 105

Blackbaud

FEBRUARY 14, 2025

Budget Line Item for Reserves: Include a specific line item in the budget dedicated to contributing to the operating reserves. Multi-Year Capital Budgets: Incorporate reserve contributions into multi-year capital budgets to ensure consistent replenishment over time.

Management 101

Management Policies Policy Budget 101

The NonProfit Times

NOVEMBER 21, 2024

You need to reframe your thinking in three critical areas to get there: budgeting, creative and reporting. 3 key areas for reframing Budgeting: Prioritize audience needs. Rather than allocating budgets by channel, focus on the specific needs of different audience segments.

Fundraising 75

Fundraising Budget Metrics Utilities 75

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 116

Government Indirect Cost Indirect Grant 116

The Fundraising Coach

JANUARY 17, 2025

From tight budgets to limited staffing, these hurdles can make even the simplest event feel overwhelming. Budget Constraints Tight finances can make it difficult to secure venues, hire vendors, and provide high-quality experiences for attendees. Group discounts can also inspire more people to attend.

Budget 52

Budget Burnout Transportation Utilities 52