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Balance Sheet : Provides a quick overview of the nonprofit's financial position at a specific point in time, detailing its assets (what it owns), liabilities (what it owes), and equity (the net assets or funds available to the organization). Liabilities) These are amounts the nonprofit must pay, either now or in the future.
Drafting an organizationalbudget based on fundraising is challenging for sure. But you STILL need to make a budget and stick to it. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability. There’s always that possibility.
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