Remove Finance Remove Indirect Remove Policy
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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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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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Taking the Fear out of Grant Management: Conflict of Interest By: Kellie Brungard, GPC

Assel Grant Services

This can include finance staff, grant writers, program staff, consultants, and grant administrators (among others). Conflict of Interest A conflict of interest (COI) /financial conflict of interest (FCOI) policy is one of the essential policies a nonprofit board must establish. Subscribe to our blog to follow along!

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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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Is Your Organization Following 501(c)(3) Donation Rules?

DoJiggy

Direct or indirect participation in political campaigns on behalf of or in opposition to any candidate for public office is prohibited. Organizations must keep detailed records of activities, finances, and operational procedures to demonstrate compliance with tax laws and regulations.

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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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The Essential Guide to Nonprofit Budgets in 2024

Grant Writing Made Easy

Regulatory Changes: Ongoing changes in government policies and regulations can affect funding, operations, and compliance, requiring constant vigilance and adaptability from nonprofit organizations. They are critical for grant applications as they demonstrate to funders how their contributions will be specifically utilized.

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