Remove Contract Remove Liability Remove Utilities
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What Are 7 Common Nonprofit Startup Costs?

GrantNews

This will include money for payroll, benefits, payroll taxes and contract employees. This plan includes general liability insurance, commercial property insurance and business income insurance. These costs include rent/mortgage, utilities, office supplies and technology, as well as any regular maintenance that you need.

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Statement of Activities (SOA): A Nonprofit’s Income Statement Equivalent

Blackbaud

Contract Services: Expenses related to payments for services provided by contractors who are not on the regular payroll. This may include rent, utilities, repairs, and maintenance. 401(k) contributions, payroll taxes, paid time off, workers’ compensation, etc.).

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How to create your new nonprofit’s first budget

Get Fully Funded

Expenses Staff Payroll Benefits Payroll taxes Contract staff Facilities Rent/mortgage Utilities (electricity, water) Pest control Maintenance Program Equipment Supplies Materials Mileage (specifically related to conducting your program’s activities) Administrative Office supplies Software (Quickbooks, donor tracking software, merchant account, etc.)

Budget 98
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Safety First: How to Mitigate Risk at In-Person Events

Qgiv

Be sure you understand expectations while going through the contract process. It’s always a good idea to have pre-event meetings with vendors to go through expectations and complete a formal contract. Your in-kind contracts will most likely not need to be as robust. Consider digital programs and utilizing QR codes.

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Does Revenue Diversification Actually Work for Nonprofits?

Peak Proposals

Without unrestricted sources of funding, you cannot cover your executive director’s salary, the salaries of your administrative staff (which includes grant writers), or ongoing costs like rent and utilities for your office. Fundraising activities and events must comply with local laws and carry adequate liability insurance.