Remove Indirect Remove Information Remove Insurance
article thumbnail

What Are Payroll Grants and Where Can I Find Them?

GrantNews

Hosting organization contributes to health insurance and other benefits, the requisite payroll taxes associated with having the fellow on payroll , and other costs. Funding is for working capital including payroll , rent, insurance, utilities, taxes, operations, and contractors. Fellows receive funding for professional development.

Grant 78
article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Your Unrestricted Funds Need Stewardship, Too

Blackbaud

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. You don’t know what you’ve accomplished, and you don’t have the information you need to get better at what you do.” Restricted funds often outline what they will fund and what they won’t.

Funding 111
article thumbnail

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. Fringe Benefits: This includes the cost of benefits given to personnel of the program, such as, health insurance, paid time off, pension, etc.

Budget 98
article thumbnail

Breaking Down the Budget

Grant Geek

When developing a grant proposal application, the funder will make a vast number of requests for information regarding your organization and program. Staying within the guidelines of the grant can sometimes include the maximum or minimum funding requests, cost per participant, and maximum caps on administration costs and indirect.

Budget 52
article thumbnail

Nonprofit Accounting Basics: 5 Fundamentals to Know

Get Fully Funded

The way you manage and report financial information holds your organization accountable to the government, the Generally Accepted Accounting Principles (GAAP) , and your supporters. 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.

Policy 52
article thumbnail

Finding Funding for Research

Peak Proposals

Elsewhere on our blog, you can find posts dedicated to how to find funding , with much of the information applying equally to nonprofits seeking project funding and to those seeking research funding. Without at least a ballpark figure, you won’t have the information you need to vet funding opportunities and potential funders.

Funding 52