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Why Are Nonprofits Experiencing An Insurance Crisis? And What Can the Nonprofit Sector Do About it?

Blue Avocado

If you’re reading this, you probably already know about the problems that nonprofits like yours are facing with their insurance: Rising insurance premiums, poor coverage from commercial insurance carriers, and in some cases, the loss of coverage altogether. Why are insurance rates soaring for nonprofits?

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Learning from peers to refine your nonprofit funding strategy

Candid

These include categories like grants, donations from individuals, support from companies, and earned income from services or products. Annual reports can provide valuable insights.

Funding 98
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What Are 7 Common Nonprofit Startup Costs?

GrantNews

” (fundraisingIP.com 2023) Once you’ve completed your state filing, you must then submit IRS ‘Form 1023’ to be granted tax-exempt status. This will include money for payroll, benefits, payroll taxes and contract employees. The price of this insurance can vary depending upon the coverage plan chosen.

Insurance 113
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How to Build a Better Nonprofit Budget in Less Time and with Less Stress

Blackbaud

Review funding history, including donations, grants, sponsorships, or program income, to determine which sources can be repeated for the budget year, what areas have room for growth, and where diversification is needed. These are set costs like headquarters rent, insurance, and administrative salaries.

Budget 119
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Philanthropy Officers and Grant Professionals

Grant Professionals Association

Across the nonprofit sector, there are countless variations in the relationship between organizational grant professionals and philanthropy departments. Traditionally, philanthropy was considered relationship-dependent while grants have been viewed as transactional. Is this a grant? A decision tree is a great first step.

Grants 59
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Analyzing Budgets and Saving Money at a Nonprofit

Get Fully Funded

Speak with your accountant to explore what “contract positions” entail. It might be possible to keep staff members on a contract basis until your organization can sustain employees long-term. Service Contracts – Don’t forget to reassess annual service contracts. But you can’t avoid it.

Budget 98
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10 Steps to Turn Your Brilliant Idea into a Grant!

Sharpshooter Communications

A grant would help you implement it. Here are ten steps to help you focus your idea and start turning it into a winning grant proposal. The district attorney’s office typically files 866 domestic violence cases per year and the court system grants more than 11,000 protective orders. Never assume a grantor will share your vision.

Grants 52