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. Calculating indirect costs can be challenging. Do we have the funds this year to maintain our programs?

Finance 102

Finance Budget Indirect Cost Indirect 102

Blackbaud

DECEMBER 20, 2023

Working with a lean budget means even the slightest unexpected expense can create a stressful situation. Lead a Revenue-Wise Strategy Session As a financial leader, you touch all areas of your nonprofit organization through budgeting, forecasting, and expense management. So many nonprofits found 2023 to be particularly stressful.

Indirect Cost 88

Indirect Cost Indirect Finance Government 88

Assel Grant Services

MARCH 24, 2024

It’s alarming how much we lie on our org budgets and shortchange ourselves…. Stop thinking a shoe-string budget is some mark of resourcefulness and efficiency. The assumption that overhead or operating expenses are somehow “bad” undermines the reality that it costs money to deliver a nonprofit’s mission ( Council of Nonprofits, 2023 ).

GPC 40

GPC Indirect Cost Budget Narrative Indirect 40

Candid

AUGUST 29, 2023

budget, team members, skillsets, technology, time, emotional support). Consider increasing resources by providing more funding to cover indirect costs and general operating support. Unfortunately, an undisputable trend these days is burnout. What causes burnout To stop burnout, we first must understand why it happens.

Burnout 94

Burnout IT Indirect Cost Indirect 94

Candid

JULY 13, 2023

Proposal budgets Proposal budgets may seem a bit dull, but many funders say it’s the first part of a grant proposal that they read. Your budget should show your credibility and impact with numbers. A proposal budget should include: Sources of income: Grants and other funding contributions. Needs statement.

Proposal 91

Proposal Letter Of Inquiry LOI Grants 91

Blackbaud

AUGUST 20, 2024

There are several exciting times of the year for nonprofit finance professionals—budget season, audits, year-end close. From required statements of financial position and budgets to dashboards that compare your revenue streams over time, you often share your financial stories through your reports. Can’t Make It to Seattle?

Finance 87

Finance AI Federal Grants Indirect Cost 87

Candid

FEBRUARY 7, 2023

Project budget Here you’ll get down to the dollars and cents required to address your need or problem. Your project budget will ideally mirror the associated direct and indirect costs of the items outlined in your project description, such as staffing, rent, supplies, promotion, and the like.

Proposal 95

Proposal Grants Grant Indirect Cost 95

Blackbaud

APRIL 8, 2024

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. For years, nonprofits and funders have operated on the premise that success means keeping operating costs—like salaries and marketing—low. What are Unrestricted Funds?

Funding 96

Funding Indirect Cost Pass-Through Donation 96

Get Fully Funded

FEBRUARY 22, 2022

As the costs add up, you might be asking: How much of a nonprofit’s annual budget should be spent on administrative tasks and fundraising? Look at it this way: If you’re not spending at least 15% of your budget on fundraising, you may be standing in the way of your own success. And fundraising. The training. The postage.

Fundraising 132

Fundraising Budget Nonprofit Indirect 132

GrantNews

JANUARY 11, 2024

Reality: Operating costs, such as paying utility bills, rent, salaries, and investing in office equipment are referred to by a variety of names, including “overhead,” “administrative costs,” and “indirect costs.” Funding supports libraries with little access to budget assistance.

Indirect Cost 67

Indirect Cost Nonprofit Grants Grant 67

Grant Writing Made Easy

MAY 20, 2024

Budget: A clear and detailed budget is essential to assure funders that their money will be spent wisely. Itemize and justify each cost associated with the project, from direct costs like materials and labor to indirect costs such as administrative expenses.

Grant Writing 52

Grant Writing Grants Grant Proposal 52

Tech Soup

JANUARY 29, 2015

Hydeh Ghaffari, a partner at the accounting firm of DZH Phillips, points out the urgent need for nonprofit administrators to distinguish between and fully account for programmatic and overhead costs. If the shelter tracks its program costs just by grant/contract, what happens to expenses that are not chargeable to either of the two contracts?

Indirect Cost 66

Indirect Cost Contracts Contract Indirect 66

Blackbaud

NOVEMBER 8, 2023

Tip 4: Calculate your indirect cost or make an intentional decision to use the de minimis rate. Knowing how you want to handle indirect costs before you apply for government grants will speed up the application and reporting processes. Review them regularly against the approved budget.

Government 108

Government Indirect Cost Indirect Grants 108

Get Fully Funded

SEPTEMBER 17, 2012

You start down a path to raise money to meet budget or to keep from closing a program, and before long, you get overwhelmed. Be sure to include both direct and indirect costs. Figuring out what is causing your disheartening results is the first step in fixing it. You’re at a loss as to what to do next. So you put it off.

Fundraising 68

Fundraising Indirect Cost Indirect Budget 68

RBW Strategy

JUNE 11, 2024

We’ll start by discussing the “why” of these changes, why the Office of Management and Budget (OMB) decided to make them now, and how they align with larger changes happening in the federal government. As overhead and administrative costs grow, organizations often scramble to find ways to recoup this funding. Let’s examine each one.

UEI 130

UEI Grants Grant Federal Grants 130

Assel Grant Services

JULY 21, 2024

Office of Management and Budget (OMB), an agency within the Executive Office of the President, issues government-wide grants-related guidance for federal departments and agencies and is responsible for the maintenance of this document. Clarification of allowable costs associated with data and evaluation. What is Uniform Guidance?

GPC 40

GPC Indirect Cost Federal Award Indirect 40

Peak Proposals

AUGUST 1, 2023

The areas where questions typically come up tend to fall into one of six buckets: (1) eligibility, (2) formatting, (3) scope, (4) personnel, (5) budget, and (6) partnerships. in terms of scope, cost, complexity, or all three). But jumping into the writing phase without first reading through the solicitation carefully is always risky.

Funding 40

Funding Proposal Indirect LOI 40

Peak Proposals

DECEMBER 22, 2019

Understanding Proposal Budgets a. Budget Preparation and Review b. Key Budgeting Concepts VI. In addition, we hope you’ll share in the comment section any tips you have for finding research funding. This post is lengthy. What Are You Proposing: Is It a Research Project, Or Could It Be a Project with an Evaluation Component?

Funding 52

Funding Proposal Grants.Gov Budget 52