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13 Tips for Ensuring Government Grant Compliance for Your Nonprofit Organization

Blackbaud

Pre-Award Preparation Have certain policies and processes in place before applying for a grant so you can be confident you meet their requirements and there are no surprises. Tip 1: Have your leadership drive the conversation on grant funding and the policies associated with this revenue stream. Update your policies accordingly.

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. Tip 1: If you have an operating reserve, review your policy. Update the policy based on your current and future needs.

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Taking the Fear out of Grant Management: Indirect Cost Allocation By: Kellie Brungard, GPC

Assel Grant Services

Check out the previous posts on conflict of interest policies and procedures and time and effort ! finance staff, grant writers, program staff, consultants, and grant administrators). Have you ever wondered what indirect costs entail, or heard the term “de minimus rate” and questioned what that means? What are indirect costs?

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Why Fund Accounting Software Beats Spreadsheets for Nonprofit Grant Reporting and Compliance

Blackbaud

So how can you minimize these errors and create data entry policies for your users? Understand Your Indirect Costs Tracking and allocating your indirect costs is one of the most tedious aspects of grant applications and reporting. Tracking: Cut Out the Spreadsheets! Ready to tackle the tasks of grants?

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How to Develop Your Nonprofit Operating Reserves

Blackbaud

What the Nonprofit Finance Fund calls consistent surpluses is the best way to build reserve funds. There are several strategies your organization can use to budget and raise funds for your nonprofits operating reserve. The most successful method is to budget for operating surpluses annually.

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Nonprofit Accounting Basics: 5 Fundamentals to Know

Get Fully Funded

The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission. Jitasa’s nonprofit financial management guide recommends creating the following fiscal policies: Gift acceptance. Expense reimbursement. Staff compensation.

Policy 52
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The Overhead Solution: A New Nonprofit Pride Movement

Tech Soup

Guidelines from the Office of Management and Budget ( Circular A-122 for information on indirect costs and Uniform grant guidance for updated information on indirect costs determination ). Budgeting, fiscal policies, and internal control resources. Finances accounting fundraising donors overhead' More Resources.