Remove IT 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). Liabilities) These are amounts the nonprofit must pay, either now or in the future.

Finance 52
article thumbnail

Why You Should Run Your Nonprofit Like a Business

Get Fully Funded

You need a budget. Drafting an organizational budget based on fundraising is challenging for sure. But you STILL need to make a budget and stick to it. When you need to deviate from the budget, you capture that with a mid-year adjustment.). But doing good doesn’t pay the nonprofit’s bills, unfortunately.