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 83

Finance AI Federal Grants Indirect Cost 83

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 90

Budget Nonprofit Finance Management 90

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 Policies Policy Nonprofit 146

Blackbaud

DECEMBER 20, 2024

A good finance team will make sure bills are paid on time, reports are accurate, and the Board of Directors has access to the current financial statements. A good finance team will help you stay where you are. A good finance team will help you stay where you are. A world-class finance department will help you evolve.

Finance 79

Finance Policies Policy Training 79

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 97

Finance Budget Indirect Cost Indirect 97

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 85

Budget Finance Calendar Software 85

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

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

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

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.

Policies 172

Policies Policy 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

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 104

Government Indirect Cost Indirect Grant 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

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 82

AI Finance Funding Training 82

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 72

Finance Strategic Plan Budget Nonprofit 72

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 76

Finance Organizational Budget Budget Nonprofit 76

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

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

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 69

Finance Budget Nonprofit Liability 69

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

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 77

Finance Strategic Plan Nonprofit Goals 77

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

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 83

Indirect Cost Indirect Finance Government 83

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 121

Fundraising Budget Demographics Finance 121

Ann Green's Nonprofit

APRIL 29, 2024

Let’s explore some forward-thinking and (perhaps surprisingly) accessible ways for small nonprofits to drive sustained success and reduce the need for constant cost-cutting and budget anxiety. But planned giving is also very accessible—any donor, regardless of wealth, can easily create bequests.

Fundraising 176

Fundraising Retainer Demographics Funding 176

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

NOVEMBER 5, 2024

To produce meaningful reports to help you do this, you must track all financial activity and ideally compare it to your budget, or your financial representation of what you think you’ll pursue during the year. You can run them with just a few clicks, and easily add columns for budget to actual, balances, and activity year-over-year.

Liability 98

Liability Finance Template Budget 98

Pamela Grow

OCTOBER 19, 2022

Insights to glean from this statement When you compare your nonprofit statement of activities with your budget, the line items in both the revenue and expenses sections should match up. So, the first insight that the statement of activities can show is whether your organization is on track to stick to your prepared budget for the year.

Liability 147

Liability Nonprofit Funding Budget 147

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 113

Letter Of Inquiry Nonprofit Proposal Training 113

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 71

Finance Nonprofit Liability Indirect 71

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 73

Management Pass-Through Budget Demographics 73

GiveSmart

OCTOBER 11, 2023

As your finance team is preparing for year-end, with prepping reports and making sure your budget is on track, your donor development and fundraising teams are hard at work, too. While your finance team is buttoning up the reporting and chart of accounts, the rest of your revenue team can take part in a financial check, too.

Finance 96

Finance Retainer Calendar Budget 96