Remove Funding Remove Liability Remove Organizational Budget
article thumbnail

Back-to-School Basics with Nonprofit Finance Fundamentals

Just Write Grants

Balance Sheet : Provides a quick overview of the nonprofit's financial position at a specific point in time, detailing its assets (what it owns), liabilities (what it owes), and equity (the net assets or funds available to the organization). Grants ,, : Funds that nonprofits receive from public or private organizations.

Finance 52
article thumbnail

Why You Should Run Your Nonprofit Like a Business

Get Fully Funded

Similarly, if you’re a nonprofit and you don’t have these business essentials in place, you can’t raise the money you need to fund your programs. Drafting an organizational budget based on fundraising is challenging for sure. But you STILL need to make a budget and stick to it. And that’s not helping anyone.