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How to Develop Your Nonprofit Operating Reserves

Blackbaud

Request a Demo Strategies for Budgeting and Raising Funds for Reserves Once you know how much should be in your operating reserve, you can start setting funds aside for that purpose. The more dependable and regular your funding is, the less risk you have and the lower your reserves can be.

Contracts 103
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Is It Time for Your Nonprofit or School to Make a CRM Change?

Blackbaud

Read contracts carefully to avoid surprises. Narrow the possibilities : Create a list of CRMs that interest you and schedule demos. Watch recorded demos as well and be sure to review all publicly available product documentation. Purpose-built for fundraising : Is the CRM youre considering designed with nonprofits in mind?

CRM 105
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How to Improve On-Time Tuition Payments

Blackbaud

The tuition cycle starts with the school’s contract, which should clearly outline policies, expectations, and consequences that families acknowledge during enrollment. Having that contract roll from the school’s admissions software into its tuition management system helps eliminate chaos and confusion.

Contracts 105
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4 Financial Metrics to Increase Transparency for Your Nonprofit

Blackbaud

Organization’s reliance on contributions: If an organization relies heavily on contributions from the general public—as opposed to program service fees or large government contracts—they are more likely to respond to donor requests for transparency. This is the percentage of revenue left over after all expenses, and the higher the better.

Metrics 116
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Donors and “Marchers”: Build an Equitable Following With Major and Small Donors

Qgiv

This concern is pertinent for nonprofits who rely on government grants and reimbursement contracts, or whose funding comes from a small number of mega-donors. Keep doing what your grant makers and government contracts expect, so those grants and contracts will be renewed. Maintain robust stewardship practices.

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Why Your Fund Accounting System Needs a Strong Partner Network

Blackbaud

There was a time when you had to find one single solution that hopefully met the majority of your needs and priorities, which often meant you were stuck in a binding contract for years. Request a Demo The post Why Your Fund Accounting System Needs a Strong Partner Network first appeared on The ENGAGE Blog.

Funding 104
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Fees: The Four-Letter Word in Fundraising Software

GiveSmart

And what fees are companies using to nickel and dime an organization, making their “free” contract actually too good to be true? With GiveSmart, whether an organization raises $1 or $1 million, their software contract and credit card fees are fixed, and we don’t add on more and more fees like some others do.