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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. Chief financial officer (CFO).

Finance 147
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How to Make The Most of December: Plan for a Great 2024

Lightning Fast Grant Writing

As a new grant writer, I always put this information into an Excel spreadsheet. Today, I record this information in Salesforce. You can always take advantage of the funder information storage features of your grant research funding software. It is then that I review the year’s results, and update my business plan.

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Building a nonprofit budget: 4 steps to get started

Candid

You should also have a plan for how to effectively manage your funding, which is where your financial strategy comes into play. In this guide, we’ll walk through four essential steps to build an operating budget for your new nonprofit. Budgeting your revenue based on its source allows you to make the most accurate projections.

Budget 109
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Gaining Leadership Approval for Major Technology Investments: A Practical Guide for Nonprofit CFOs

Blackbaud

However, having the right backend infrastructure helps you make informed decisions and streamline processes that benefit the organization in the long run. But how do you justify spending money on a budgeting tool instead of supplies for an after-school program?

Finance 77
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How to Evaluate a New Revenue Stream

Blackbaud

Review your strategic plan to ensure the new revenue stream fits within your organizational objectives. Factor in all costs, including staff time, and forecast different scenariosbest case, worst case, and most likelyto understand the impact on your budget. Delve into the numbers to determine the potential return on investment.

Finance 105
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Technology policies and practices to leave behind in 2025

Candid

Stop leaving technology out of your strategic plans An organizations strategic plan is shared widely, both internally and externally, to map out its diligence, effectiveness, and direction. Yet, one thing is still often missing from so many of them: technology. Technology effectiveness is a year-round investment.

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How to secure essential technology funding to deliver on nonprofit missions

Candid

NTENs Nonprofit Digital Investment Report notes 45% of nonprofits indicated they werent spending enough on technology, citing lack of budget (77%), lack of funder support (47%) and lack of donor support (38%). With small budgets come small staffs juggling multiple priorities. Seek out capacity-building opportunities.

Funding 87