Remove Budget Remove Indirect Cost Remove Policy
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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

Blackbaud

So how can you minimize these errors and create data entry policies for your users? Managing your grants within your fund accounting system will allow you to budget by grant, report on budget vs actuals, and review grant activity, so you can quickly and easily answer these questions. Tracking: Cut Out the Spreadsheets!

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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Pre-Award Preparation Have certain policies and processes in place before applying for a grant so you can be confident you meet their requirements and there are no surprises. Tip 1: Have your leadership drive the conversation on grant funding and the policies associated with this revenue stream. Update your policies accordingly.

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Taking the Fear out of Grant Management: Indirect Cost Allocation By: Kellie Brungard, GPC

Assel Grant Services

Check out the previous posts on conflict of interest policies and procedures and time and effort ! Have you ever wondered what indirect costs entail, or heard the term “de minimus rate” and questioned what that means? These indirect costs can be allocated to grant proposals. What are indirect costs?

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Working with a lean budget means even the slightest unexpected expense can create a stressful situation. Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Tip 1: If you have an operating reserve, review your policy.

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Untangling the New Uniform Grant Guidance

RBW Strategy

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.

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The Essential Guide to Nonprofit Budgets in 2024

Grant Writing Made Easy

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.

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Why we’re all burned out and what to do about it  

Candid

budget, team members, skillsets, technology, time, emotional support). Consider increasing resources by providing more funding to cover indirect costs and general operating support. Essentially, burnout occurs when the demands of your job (e.g., Also consider easing demands (e.g.,

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