Remove Contracts Remove Donation Remove Liability
article thumbnail

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
article thumbnail

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

Blackbaud

Revenue Revenues represent the total income a nonprofit organization receives from various sources, such as donations, grants, program fees, and investment returns, during a specific period. Additionally, donations may come in the form of professional services or goods, which should also be accounted for.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Does Revenue Diversification Actually Work for Nonprofits?

Peak Proposals

But what if your organization has successfully relied on donations and fundraisers for many years? To generate enough unrestricted funding to cover general operating costs, most nonprofits conduct some kind of fundraising, such as holding fundraising events, soliciting cash donations, or both.

article thumbnail

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

Blue Avocado

Lower liability insurance limits First, the community-based nonprofit sector generally must carry lower limits of liability insurance. Most insurance companies have reinsurance in order to protect their solvency and transfer a portion of their liability to the reinsurer. The answer is fourfold.

article thumbnail

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

Qgiv

Be sure you understand expectations while going through the contract process. If you plan on having cash exchanged at your event, it’s never a bad idea to have an officer on hand to monitor and ensure the safety of those responsible for accepting cash donations. Your in-kind contracts will most likely not need to be as robust.

article thumbnail

5 Strategies To Keep Your Office Safe

The NonProfit Times

As you focus your efforts on soliciting donations, don’t forget about emergency preparedness up to and including an armed intruder. Many times, they will assume liability when they are responding to criminal activity at your facility. Private security contractors – An established security contract with a professional security service.