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 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 24, 2025

Many organizations use CRMs to track donor information, but most are missing out on the benefits that come from integrating them with their other software. It helps you better understand your donors, keep them engaged, and work more efficiently with your finance, marketing, programs, and leadership teams.

CRM 95

CRM Software Nonprofit Readiness 95

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

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 management software. Event revenue.

Finance 98

Finance Management Nonprofit CRM 98

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 Policies Policy 111

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

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

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.

Budget 59

Budget Software Funding Utilities 59

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

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

FEBRUARY 4, 2025

QuickBooks is depreciating the tags functionality in their accounting software starting March 8. If your nonprofit has chosen to use the tagging feature in QuickBooks to help identify your restricted revenue, this means you will be juggling even more spreadsheets outside of your software. There is a better way.

Software 74

Software Nonprofit Finance Management 74

Blackbaud

APRIL 2, 2024

With a fund accounting software system designed for nonprofits, you can fully track all your grants, especially restricted grants, in one place. Fund accounting software can allow you to accurately curate grant reports to track restrictions, set budgets, and audit grant awards.

Indirect Cost 115

Indirect Cost Indirect Software Funding 115

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

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

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 Grants Grant Proposal 69

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. Solution: Invest in Dedicated Accounting Software As soon as its feasible given your nonprofits budget, add an accounting platform to your tech stack.

Management 52

Management Nonprofit Finance Software 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 116

Government Indirect Cost Indirect Grants 116

Blackbaud

MARCH 21, 2024

Any major project—such as implementing new fund accounting software—needs a well-developed charter to keep stakeholders focused on the goals and desired outcome. Give your project an easily identifiable name, such as Fund Accounting Software Implementation. Are there budget requirements? What is a Project Charter?

Software 111

Software Funding Metrics Goals 111

Blackbaud

NOVEMBER 6, 2023

Now, your technology and software needs evolve fast, and you can’t be tied to a system that can’t change with you. As technology and the times have changed, you now can be more flexible and utilize integrations and partners to expand your current software to meet your changing needs. Customization without the price tag.

Funding 104

Funding Software Finance Utilities 104

Blackbaud

MAY 3, 2024

Fund accounting software with sub-fund capabilities makes it easy to manage multiple budget scenarios, understand encumbrances, and automate your internal controls for the highest level of accuracy and transparency. With fund accounting software, you get an extra level of control over grant expense tracking and reporting.

Funding 104

Funding Budget Software Grants 104

DoJiggy

JANUARY 8, 2025

Event Management Software can simplify ticketing, registrations, and event promotion. Here are some tips to keep your finances organized: Set a Budget Determine the costs of your event, including venue, marketing, supplies, and any other expenses. A clear budget prevents overspending and ensures profitability.

Fundraising 52

Fundraising Donation Management Goals 52

Blackbaud

APRIL 10, 2024

Typically, this means needing to keep track of not only which funds are restricted in the accounting software, but also managing how they’re restricted elsewhere. Without fund accounting software, tracking at that level of detail must be done manually outside the system.

Funding 111

Funding Management Software Finance 111

Blackbaud

APRIL 1, 2024

Whether you’re interested in learning about responsible AI, cybersecurity, APIs , staff empowerment, or something specific about Blackbaud software , we’ve got a session for you. But what if your budget doesn’t match the magnitude of the risks? Yet humans need information for audits, budgeting, and reconciliation.

AI 105

AI Software Budget Conference 105

DoJiggy

OCTOBER 29, 2024

Integrations : Seamless integration with your church’s existing systems, such as accounting software or church management systems, can streamline operations and save time. Best Free Giving Platforms for Churches Finding a cost-effective solution is crucial for churches mindful of their budgets (and who isn’t?).

Donation 52

Donation Management Fundraising Budget 52

Blackbaud

AUGUST 12, 2024

Nonprofit financial management also includes the structures and workflows that enable your finance team to operate efficiently and effectively. In a perfect world, your budget will always be balanced. How to do it Pull a list of your income sources from your accounting system or fundraising software.

Management 98

Management Policies Policy Budget 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 105

Indirect Cost Indirect Finance Government 105

Allied Grant Writers

DECEMBER 25, 2024

Budget Details how funding should be allocated. Budget A detailed account of the financial resources needed, including direct and indirect costs. To delve deeper into managing finances related to your proposal, explore our article on budgeting for grants. Objectives Outlines the goals the grant aims to achieve.

Grant Writing 52

Grant Writing Grants Grant Indirect Cost 52

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. This means that when someone donates online, that information automatically transfers from your Donor Management software to your accounting software.

IT 98

IT Budget Nonprofit Software 98

Tech Soup

APRIL 23, 2009

Earlier this week, I blogged about a promotional offer for Sage Fundraising 50 software. Pacific tomorrow so if your nonprofit (with a budget between $1 million–$10 million annually) hasn't requested yours yet, you need to shake a leg. Sage Fundraising 50 is software that is built specifically with larger organizations in mind.

Software 43

Software Finance Fundraising Budget 43

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 96

Finance Nonprofit Liability Utilities 96

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 97

Management Pass-Through Budget Demographics 97

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

Qgiv

JANUARY 8, 2025

Teach kids math and leadership skills: A recent study found that just 18% of high schoolers and 26% of college students said they have a somewhat high or very high knowledge of finance. Planning school fundraisers can make learning about finances fun and relatable. Raffles You can host a raffle at any time and with almost any budget.

Fundraising 98

Fundraising Donation Education Template 98

DonorSnap

SEPTEMBER 1, 2023

So we have broken it down to the necessities and offered our top choices in the following categories: Nonprofit CRM Accounting Software Email Marketing Design Keep reading to discover the best tools you can get started with today that will help launch your nonprofit. As a 501c3 you will have to file a 990 every year.

Software 52

Software CRM Nonprofit Budget 52

Blackbaud

JULY 8, 2024

Minimize manual entry with integrations between your key systems, such as your fund accounting and fundraising software. Role-based access enables your finance team to securely pay invoices and review expenses. You can also set spending controls that prevent a fund from going over budget.

Management 97

Management Funding Finance Software 97

Blackbaud

FEBRUARY 12, 2024

How Fund Accounting Systems Improve Nonprofit Compliance Fund accounting software with subfund accounting capabilities provides functionality that makes reporting and transparency an integrated part of your workflows. Here are four ways that accounting software built for nonprofits helps you improve your compliance processes.

Software 96

Software Grants Grant Nonprofit 96