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Your Unrestricted Funds Need Stewardship, Too

Blackbaud

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. What Are Restricted Funds? What are Unrestricted Funds?

Funding 95
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Accounting: Data Behind Functional Expense Reporting

The NonProfit Times

This categorization allows nonprofit managers to demonstrate how funds are spent across activities and is essential for transparency and accountability. This categorization enables financial managers to demonstrate to donors, grantmakers, and regulatory bodies how funds are being used to advance their mission. The occupancy costs (i.e.,

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

Blackbaud

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Like an emergency fund for your organization, an operating reserve allows you time to make data-driven decisions instead of having to react immediately.

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Breaking Down the Budget

Grant Geek

A grant proposal budget outlines your intended expenses if you are awarded the grant funding, specific to the project or program stated in your proposal. The budget is an extremely important piece of the grant proposal because it shows exactly how you will fund your project, which is helpful for both you and the funder.

Budget 52
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Introduction to Nonprofit Program Budgets

Grant Writing Made Easy

Indirect Expenses: These include administrative and overhead costs, all the costs of all departments outside of the program department, such as finance, human resources, and development. Revenue: All the funding coming in that you’re allocating to the program. For example, if they ask for matching funds, include those.

Budget 98
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Finding Funding for Research

Peak Proposals

The topic is research funding. Through our work in grant development, we’ve met many faculty members who have not received training on how to find funding or write grant proposals. In this post, we share what we’ve learned about finding research funding based on our experience working with faculty at US-based universities.

Funding 52
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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. However, nonprofits like yours can’t turn a profit by definition—all of the funding you bring in has to be reinvested into your organization.