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Financial Sustainability for Nonprofits: 4 Considerations

Ann Green's Nonprofit

You’ll create strategic plans, brainstorm new projects and programs, and organize campaigns to raise the necessary funds to execute your ideas. One important but sometimes overlooked step in future planning is ensuring proper nonprofit financial management. Methodology. Chief financial officer (CFO).

Finance 148
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4 Ways Effective Grant Management Impacts Nonprofit Finances

DH Leonard Consulting & Grant Writing Services

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
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How to Evaluate a New Revenue Stream

Blackbaud

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. Review your strategic plan to ensure the new revenue stream fits within your organizational objectives.

Finance 105
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Gaining Leadership Approval for Major Technology Investments: A Practical Guide for Nonprofit CFOs

Blackbaud

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
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Take the Stress Out of Budgeting for Your K–12 Private School

Blackbaud

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. It sets in motion the goals youve outlined in your strategic plan.

Budget 53
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How to Build a Better Nonprofit Budget in Less Time and with Less Stress

Blackbaud

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
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Building Capacity Without Breaking the Budget: Coping with Inflation’s Ongoing Effects

Grant Professionals Association

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