Remove Budget Remove Indirect Remove Publishing
article thumbnail

3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

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 104
article thumbnail

Nonprofit Accounting Basics: 5 Fundamentals to Know

Get Fully Funded

Budgeting Your nonprofit’s annual budget is a key financial planning document that guides your organization’s spending and fundraising efforts. Most nonprofits break down the revenue side of their budget by source. It details all of the costs you expect to incur and the funds you predict you’ll bring in throughout the year.

Policy 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is There Any Grant Money?

Tech Soup

The grantseeking challenge of organizational lack of time and staff relates to indirect and administrative cost control techniques; almost two-thirds of our respondents (65 percent) reported reducing staff in order to control overhead. Respondents were asked, "How did you reduce your indirect/administrative costs?"

article thumbnail

Debunking Myths About Nonprofits – Let’s Make Sure to Get the Facts

GrantNews

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.

article thumbnail

The Overhead Solution: A New Nonprofit Pride Movement

Tech Soup

The CEOs of BBB Wise Giving Alliance, Charity Navigator, and GuideStar USA published a second open letter last year with the express goal to "crush" the overhead myth, the idea that overhead ratios should serve as the sole basis for evaluating nonprofit performance. Budgeting, fiscal policies, and internal control resources.

article thumbnail

Treat Your Website Project Like an Investment Rather than an Expense

Tech Soup

Every day, cultural and nonprofit institutions face unique challenges while working towards a mission with a small technical staff and digital budget. They receive ongoing budget priority and dedicated resources. This blog post was originally published on Elevated Third's blog. Think in Terms of Conversions. Image: TechSoup.

article thumbnail

Questions to Ask Before Responding to a Funding Opportunity

Peak Proposals

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. Still others may provide level-of-effort guidelines, such as “Key personnel must be budgeted for a minimum of x% FTE [full-time equivalent] on the grant.”

Funding 40