Blackbaud

MARCH 20, 2025

This can be as simple as paying your semi-annual insurance premiums every month or setting up automatic payments instead of waiting for invoices to arrive. Understand Your Finance Committees Needs Know what your finance committee needs to see and provide those outputs to them. Its important to get something on paper to start.

Management 89

Management Finance Budget Nonprofit 89

Blackbaud

MAY 6, 2024

But when you have all the pieces—accurate data, a clear process, and a finance team to put it together—you can make a three-course meal look easy. These are set costs like headquarters rent, insurance, and administrative salaries. Without those, it can be a struggle just to make a plate of spaghetti.

Budget 118

Budget Strategic Plan Finance Insurance 118

Get Fully Funded

FEBRUARY 10, 2025

When you start a nonprofit, one of the most important things to figure out is how to manage your organizations finances. However, you can strategically cut other administrative costs by: Evaluating your organizations insurance plan to ensure youre getting the right amount of coverage for the best price.

Management 52

Management Nonprofit Finance Software 52

Blackbaud

DECEMBER 20, 2023

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 2: Bring both your program and finance teams into the grant application and award process.

Indirect Cost 105

Indirect Cost Indirect Finance Government 105

Get Fully Funded

MARCH 20, 2023

When you’re just getting started, it’s critical that one of your first steps is to create your nonprofit’s first budget to help you manage both your organization and your finances as it grows. Use accounting software to help you manage your finances. Miscellaneous revenue (interest income, etc.)

Budget 98

Budget Finance Software Liability 98

Blackbaud

APRIL 8, 2024

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. These can be used to pay operating costs such as rent, utilities, and salaries. Restricted funds often outline what they will fund and what they won’t. What are Unrestricted Funds?

Funding 111

Funding Indirect Cost Pass-Through Donation 111

Get Fully Funded

AUGUST 16, 2024

When handling your nonprofit’s finances in any capacity, a professional’s expertise is always your best bet for getting it right. Instead, you should continuously reference and update this document to ensure it reflects up-to-date financial information. Use the following tips to maintain your COA. Work With a Nonprofit Accountant.

Liability 52

Liability Federal Grants Utilities Nonprofit 52