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Why Accurate Payroll and Time Allocation Is Crucial for Your Nonprofit Grant Reporting

Blackbaud

By having a clear picture of how funds are being used, you can make informed decisions about staffing, program development, and other resource-related matters. Train Your Staff Training staff on the proper procedures for time tracking and payroll allocation is crucial.

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The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

The primary parts of a grant budget include personnel costs, project expenses, and administrative and indirect costs. Personnel Costs Personnel costs encompass the expenses related to the staff involved in the grant-funded project. These may include utilities, rent, and general administrative costs.

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What Are Payroll Grants and Where Can I Find Them?

GrantNews

Applicants may request an indirect cost rate of up to 15 percent of the total award request. Costs may include but arent limited to payroll processing , audit fees, and office equipment. In addition, grants are also frequently available for workplace training and workforce development.

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Taking the Fear out of Grant Management: Indirect Cost Allocation By: Kellie Brungard, GPC

Assel Grant Services

Have you ever wondered what indirect costs entail, or heard the term “de minimus rate” and questioned what that means? These indirect costs can be allocated to grant proposals. The key is knowing how your organization’s policy and procedure for allocating indirect costs and what this entails.

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

Blackbaud

Knowing that information will help you identify the amount you need to keep in reserve. Tip 2: Gather information on your revenue diversity (do you have different types of income, or does it all mainly come from fundraising, for example), restricted vs. unrestricted balances, profit margin, and months of cash on hand.

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Crafting Opportunities: Exploring the Grant Writing Process

Allied Grant Writers

Capacity Building Grants often fund training and development efforts, helping organizations to grow and improve their services. Network with other organizations and professionals in the field to access insider information about upcoming grants. Sustainability Plan Information on how the project will continue after grant funding ends.

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Elevate Your Funding Prospects: Key Grant Writing Resources Revealed

Allied Grant Writers

For more information about grants, refer to our article on what is a grant. Budgets should include: Direct Costs : Expenses that can be directly attributed to the project, such as salaries, materials, and equipment. Indirect Costs : Overhead costs, such as utilities and administrative expenses.