Remove Contracts Remove Insurance 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. Nonprofit Insurance Many nonprofits purchase nonprofit insurance when starting their organization. Business insurance is to protect nonprofits from any claims against the nonprofit made as a result of normal operations.

Insurance 114
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Analyzing Budgets and Saving Money at a Nonprofit

Get Fully Funded

These are bills that you pay monthly, such as salaries, rent, utilities, landscaping, pest control, or accounting fees. 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.

Budget 98
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How to Build a Better Nonprofit Budget in Less Time and with Less Stress

Blackbaud

Work with the heads of each department to analyze expense history, review contracts for any automatic expense increases, and evaluate the strategic plan for any additional expenses to include. These are set costs like headquarters rent, insurance, and administrative salaries.

Budget 117
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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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Can Small Businesses and Entrepreneurs Apply for Grant Funding?

Grant Writer Team

Sample grant from GrantWatch , a reputable grant database: Minority-Owned Businesses in the Restaurant Industry – Grants to Illinois minority-owned for-profit food establishments for working capital including payroll, rent, insurance, utilities, taxes, operations, and contractors.

Funding 52
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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.

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Finding Funding for Research

Peak Proposals

USG Agency Websites For grant opportunities (as opposed to contract opportunities, which you can find on beta.SAM.gov) , grants.gov is the preferred search tool if you want to go to one site to look at opportunities across the federal system. Overhead covers general operating expenses like rent, utilities, and administrative expenses.

Funding 52