Remove Finance Remove Policy Remove Strategic Plan
article thumbnail

Financial Sustainability for Nonprofits: 4 Considerations

Ann Green's Nonprofit

You’ll create strategic plans, brainstorm new projects and programs, and organize campaigns to raise the necessary funds to execute your ideas. One important but sometimes overlooked step in future planning is ensuring proper nonprofit financial management. Methodology. Chief financial officer (CFO). Bookkeeper.

Finance 148
article thumbnail

Resources for Navigating Uncertainty in the U.S. Federal Funding Landscape

Blackbaud

Weve created resources to help social impact organizations as they respond, from strategic planning to diversifying revenue streams to engaging new donors.

Funding 53
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nonprofit Accountant vs. Fractional CFO: The Key Differences

Blackbaud

Having multiple people working on your organization’s finances helps ensure accuracy—not only by delegating tasks efficiently, but also by allowing for additional review of records and reports. What practical steps can we take to get this organization where it needs or wants to be with its finances? Implementing fiscal policies.

Finance 105
article thumbnail

Helpful Ways to Measure and Optimize Your Nonprofit’s Performance

Blackbaud

There are short-term outcomes (cleaner beaches, better access to childcare); intermediate outcomes (boosting awareness, changing policies); and long-term outcomes (preserving the environment, improving society). Strategic planning helps your organization meet challenges effectively while also taking advantage of new opportunities.

article thumbnail

2024 Blue Avocado Year in Review

Blue Avocado

One nonprofit leader shared six lessons learned from a bad board experience organizational policies to help your nonprofit set expectations, prevent dysfunction, and avoid a laundry list of problems. Finance Once your nonprofit or private foundation is tax-exempt, you never have to deal with the IRS again, right?

Budget 78
article thumbnail

Take the Stress Out of Budgeting for Your K–12 Private School

Blackbaud

A well-crafted budget is essential for aligning financial resources with the strategic goals of your private school, and with the right processes and tools, it doesnt have to be stressful. It sets in motion the goals youve outlined in your strategic plan. Your school may have multiple budgets, each with a different purpose.

Budget 53
article thumbnail

3 Best Practices for Streamlining Your Endowment Management

Blackbaud

Endowments are the result of a successful long-term strategic plan. It’s important to have strong controls in place so you can preserve the purchasing power of your endowment while aligning with your overall investment policy. Role-based access enables your finance team to securely pay invoices and review expenses.