article thumbnail

The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Here are some examples of natural costs that fall into each functional expense category in this report: Program costs: Vary widely according to your organizations missione.g., Here are some examples of natural costs that fall into each functional expense category in this report: Program costs: Vary widely according to your organizations missione.g.,

Liability 130
article thumbnail

What’s the Cost Behind Starting a Nonprofit Organization in 2025?

Grant Writer Team

Technology and Software: Budget around $1,000 annually for basic tools (email, accounting software, website hosting). Insurance: General liability insurance typically costs $500 to $1,500 annually. Employee Benefits: Health insurance, retirement plans, and other benefits can significantly add to staffing costs.

Insiders

Sign Up for our Newsletter

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

article thumbnail

GAAP for Nonprofits: How to Reconcile GAAP and Non-GAAP Results

Blackbaud

So, while bequests, insurance policies and planned gifts are exciting for the organization, those donations won’t be reflected in the GAAP reporting. Kudos to your development team for getting the payout from an insurance policy of a 45-year-old. It also integrates with your fundraising tools and automates the reconciliation process.

Insurance 103
article thumbnail

Medical grants software

Bonterra

Medical grants software Medical grants software Bonterra's grantmaking software makes it faster and easier for you to process approvals for medical education, research grants, and expanded access programs. Request a demo Frequently asked questions What is medical grants software?

article thumbnail

The Ultimate Golf Tournament Budget from DoJiggy

DoJiggy

Do you plan to purchase fundraising event software to help manage the event and accept online donations? Does your event require permits or event insurance? How much will you spend on decorations? Do you intend to spend money on event promotion (ads, posters, etc.)?

Budget 52
article thumbnail

4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

However, you can strategically cut other administrative costs by: Evaluating your organizations insurance plan to ensure youre getting the right amount of coverage for the best price. Solution: Invest in Dedicated Accounting Software As soon as its feasible given your nonprofits budget, add an accounting platform to your tech stack.

article thumbnail

Online Waiver Software: Our 6 Favorite Providers Reviewed

Fundly

Online Waiver Software: Our 6 Favorite Providers Reviewed Back in the year 2000, the Electronic Signatures in Global National Commerce Act (or the E-Sign Act, for short) was signed into law. For your convenience, we’ve compiled the top online waiver software in one convenient list and reviewed each in great detail.