Remove Contract Remove Indirect Remove Management
article thumbnail

How to Develop Your Nonprofit Operating Reserves

Blackbaud

Governance and Management factors: How does your Board feel about how much you should have in reserve vs spending on programs? Operating reserves are a crucial part of a healthy financial statement, and there are several ways to calculate, hold, and manage those funds. Revenue volatility factors: How volatile are your revenue sources?

Contracts 104
article thumbnail

What you can do about the chaotic federal funds situation

Future Fundraising Now

Within that okay for now group are many that may still be targeted for cuts: A memo from the Office of Management and Budget said: The use of Federal resources to advance Marxist equity, transgenderism, and green new deal social engineering policies is a waste of taxpayer dollars… Nonprofits in the rest of the world cant breathe easy.

Funding 62
Insiders

Sign Up for our Newsletter

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

article thumbnail

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. The new guidance states that cognizant federal agencies will uphold these indirect rates and pass-through entities (PTEs) must do the same.

UEI 130
article thumbnail

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

Assel Grant Services

By now, I hope you are realizing grant management doesn’t have to be a scary web of confusing topics and rules. With this grant management series, I aim to outline some of the commonly seen issues and provide resources to learn more. A grant manager is anyone involved in the management and administration of a grant (e.g.,

article thumbnail

The Overhead Solution: A New Nonprofit Pride Movement

Tech Soup

Ghaffari laid out a hypothetical situation: Imagine a homeless shelter funded through two contracts, one from HUD and the other from the City of San Francisco. The combination of the two contracts do not provide sufficient funding to carry out this program. Resources for Nonprofit Financial Management from the Wallace Foundation.

article thumbnail

How to Calculate Net Gain from Your Nonprofit Event 

GiveSmart

Along with expenses connected directly to the event, there are also indirect costs to account for, such as staff salaries. To figure out the event’s net gain, or how much the programming brought, nonprofit staff must subtract its direct and indirect expenses from the total proceeds.

article thumbnail

Taking the Fear out of Grant Management: Conflict of Interest By: Kellie Brungard, GPC

Assel Grant Services

Too often, grant management is seen as a scary, messy aspect of grant funding, and we have a vague understanding of the requirements or components. In the nonprofit field, it’s common for staff to be put in a role where they manage grants but might not have the knowledge or resources to understand what that entails.