Blackbaud

APRIL 16, 2025

The finance team shoulders immense responsibility to make sure funds are well-stewarded, often while being understaffed and under-resourced. When your accounting system is correctly configured and you can manage your data easily, you can make more confident and transparent decisions for your organization.

Finance 75

Finance Budget Nonprofit Management 75

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 Consulting Consulting 105

Blackbaud

APRIL 7, 2025

Like your K12 private school budget. A well-crafted budget is essential for aligning financial resources with the strategic goals of your private school, and with the right processes and tools, it doesnt have to be stressful. Your school may have multiple budgets, each with a different purpose.

Budget 53

Budget Strategic Plan Template Conference 53

Blackbaud

FEBRUARY 13, 2025

As a nonprofit finance professional, you want all your data to be accurate. Keep reading for actionable tips to improve your allocation processes and avoid issues common to managing your nonprofit payroll and time tracking for grant reporting. Maintaining compliance can protect existing funding, as well.

Grant 99

Grant Grants Indirect Cost Budget 99

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 73

Finance Strategic Plan Proposal Goals 73

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. When you break down the process into manageable tasks, making your organization official is easier than you’d expect. Event management software. Event revenue.

Finance 98

Finance Management Nonprofit CRM 98

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 117

Budget Strategic Plan Finance Insurance 117

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 100

Contracts Contract Budget Nonprofit 100

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

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. Use real numbers.

Budget 98

Budget Finance Organizational Budget Management 98

Get Fully Funded

FEBRUARY 10, 2025

When you start a nonprofit, one of the most important things to figure out is how to manage your organizations finances. As your organization expands and evolves, many complexities can arise, making financial management more difficult for your team. Visualize your actual financial data and compare it to your budget.

Management 52

Management Nonprofit Finance Software 52

Blackbaud

AUGUST 20, 2024

There are several exciting times of the year for nonprofit finance professionals—budget season, audits, year-end close. Whether you want to hear about product updates like automated payments and AI or brush up on fund accounting best practices, you don’t want to miss these bbcon 2024 financial management sessions.

Finance 104

Finance AI Federal Grants Indirect Cost 104

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

DECEMBER 30, 2024

Coffman stated in their GuideStar article : Theres no question that nonprofit organizations have an obligation to manage their finances responsibly. Can a new financial management solution help drive better efficiency in meal delivery? Is an expense management or purchasing solution part of mission delivery?

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. Here are some examples of CRM integration: When you connect Eventbrite to Blackbaud Raiser’s Edge NXT , the industry-leading fundraising CRM, managing events becomes much simpler.

CRM 92

CRM Software Nonprofit Readiness 92

Blackbaud

JANUARY 14, 2025

As a tech leader at a growing social impact organization, you know that migrating to an enterprise-scale constituent relationship management (CRM) system can be a daunting proposition. At some point, you will realize that more staff and more budget can take you only so far. Your technology has to keep pace, too.

CRM 105

CRM Readiness AI Management 105

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

Blackbaud

MARCH 31, 2025

Set a benchmark so any payments under that amount, such as $5,000, only need to be approved by the grants manager. Any payments over that amount need to be approved by the grants manager and a member of leadership. These can include disbursement timelines, budget allocation, and project progress.

Grant 53

Grant Grants Grant Management Award 53

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

Candid

MAY 13, 2021

Manage budgets based on multiple projects. For instance, investing in an automated program, such as expense management software , can help you save time, yield better results, and increase efficiency. This post discusses the signs a nonprofit should consider expense management software. Managers need to approve them.

Software 111

Software Management Policy Policies 111

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 97

Budget Nonprofit Finance Management 97

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. Each piece of your revenue pie needs to be well managed, clearly forecasted, and carefully monitored for ROI. Use budget scenarios to plan for possible outcomes and contingencies.

Management 96

Management Pass-Through Budget Demographics 96

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 118

Finance Budget Indirect Cost Indirect 118

Blackbaud

AUGUST 12, 2024

Modern technology and clear rules are key to strong nonprofit financial management. But how do you perfect your nonprofit financial management? What is Nonprofit Financial Management? Nonprofit financial management is the process of managing the money that flows through your not-for-profit organization.

Management 98

Management Policy Policies Budget 98

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 Applicant 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? Learn four ways your CFO can help with your nonprofits grant management.

Budget 78

Budget Finance Burnout Grant 78

Blackbaud

JULY 8, 2024

That is wonderful—if you have the tools to accurately track and manage all the moving pieces. From maintaining donor intent to tracking distributions and appreciation across funds, endowments have a lot of details to manage. The Importance of Strong Endowment Management Endowments symbolize strength for an organization.

Management 94

Management Funding Finance Software 94

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. Bruce Pankey is the new chief financial officer and treasurer of Americares in Stamford, Connecticut.

Procurement 52

Procurement Finance Budget Education 52

Blackbaud

JULY 24, 2024

Effective nonprofit financial management is a team effort. 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 is this nonprofit doing well when it comes to financial management?

Finance 105

Finance Strategic Plan Budget Nonprofit 105

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. This boosts morale and encourages long-term commitment.

Budget 52

Budget Burnout Transportation Utilities 52

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 104

Budget Template Nonprofit Finance 104

Blackbaud

APRIL 10, 2024

You know how important it is to manage your funds according to their purpose and source. Many nonprofit organizations struggle with managing restricted funds in an accounting system built for businesses, not nonprofits. If this mess of circumvention sounds familiar, you are not alone.

Funding 111

Funding Management Software Finance 111

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

FEBRUARY 4, 2025

Without the tagging functionality, nonprofits must now find alternative ways to manage restricted revenue , potentially adding more manual steps to an already cumbersome process. Managing financial information across multiple programs can lead to disjointed and unreliable reporting, undermining the credibility of your financial data.

Software 70

Software Nonprofit Finance Management 70

GiveSmart

MAY 8, 2024

Nonprofits face countless challenges managing financial operations and harnessing full fundraising potential. While working towards accomplishing your organization’s mission, development and finance teams have different timelines and metrics. On average, nonprofit employees spend a third of their day managing data.

Finance 52

Finance Strategic Plan Budget Software 52

Allied Grant Writers

DECEMBER 25, 2024

Businesses Small businesses and startups can obtain grants to finance new projects, conduct research, or expand operations, often helping them gain a competitive edge in the market. This includes evaluating the merit of the proposal, budget, and overall alignment with the funding source’s objectives.

Grant Writing 52

Grant Writing Grant Grants Budget 52

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? You manage complex and diverse financial data. These finance functions require a high level of accuracy, attention to detail, and analytical skills.

AI 103

AI Finance Funding Training 103