Remove Indirect Remove Insurance Remove Management
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization.

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The Nonprofit Administration Dilemma: How Much Should You Spend on Fundraising?

Get Fully Funded

When you track your nonprofit administration spending, you will have several categories feeding into what is considered overhead, including management, general, and fundraising. These are also known as indirect costs, expenses that cannot be tied directly to programs. What is Considered Fundraising Spending? Expenses related to events.

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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. Fund Accounting for Unrestricted Funds You need to be able to accurately track and manage your donations by fund or subfund so you can provide clear reporting for all your income streams, restricted or unrestricted.

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Understanding Nonprofit HR: What Sets It Apart?

Get Fully Funded

For-profit organizations tend to have sufficient resources to manage HR, flexibility in how they schedule projects, and the resources and bandwidth necessary for effective employee recruitment and engagement strategies. Volunteer management aspect : Nonprofits frequently rely on volunteers to bolster their projects or programs.

IT 52
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Understanding Nonprofit HR: What Sets It Apart?

Get Fully Funded

You were the executive director, development officer, marketing manager, and HR department, all rolled into one. HR is the department responsible for managing hiring, onboarding, training, and benefits. Volunteer management aspect: Nonprofits frequently rely on the support of volunteers to bolster their projects or programs.

IT 52
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Nonprofit Accounting Basics: 5 Fundamentals to Know

Get Fully Funded

Now that your new nonprofit is up and running, developing a solid foundation for financial management should be a top priority. These professionals have the expertise necessary to set up your accounting system and work with you on nearly any aspect of financial management. The core of nonprofit accounting is accountability.

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Finding Funding for Research

Peak Proposals

A project proposal typically includes a background section, a management and personnel section, and a past performance section. Regardless of your area of expertise and whether you are employed by a nonprofit or educational institution, you will find that the list of viable funders is going to be manageable.

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