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

Blackbaud

Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization. If you aren’t including indirect costs—such as salaries or rent—into your funding requests or program planning, you are setting yourself up for stress later in the year.

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What’s New and What’s Next: Why Your Finance Team Should Attend bbcon 2024

Blackbaud

But one of our favorites is right around the corner: bbcon 2024! Whether you want to hear about product updates like automated payments and AI or brush up on fund accounting best practices, you don’t want to miss these bbcon 2024 financial management sessions.

Finance 105
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3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Calculating indirect costs can be challenging. This post was originally published in March 2015 and updated in April 2024. For each program, break down its actual revenue and expenses, including its necessary overhead, such as your staff’s time devoted to office administration, marketing and fundraising for such program.

Finance 119
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A Look at 2024 OMB Uniform Guidance Updates By: Kellie Brungard, GPC

Assel Grant Services

The most recent updates are for 2024. The OMB’s recently approved revisions will go into effect on October 1, 2024. Costs for certain administrative costs associated with closeout to be charged to the final budget period, and clarification of right to receive any remaining and available funds. What updates were made?

GPC 40
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The Essential Guide to Nonprofit Budgets in 2024

Grant Writing Made Easy

In 2024, the grant landscape for nonprofits has evolved significantly, emphasizing the need for meticulous financial planning and transparent budgeting to meet funder expectations. As highlighted by the 2024 GPA report , a well-prepared budget is not just beneficial but essential for securing grants and sustaining operations.

Budget 52
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Advocating for Real Costs and Organizational Expenses by Megan Campbell, MPA, GPC

Assel Grant Services

Even the federal government is considering increasing the de minimus indirect cost rate from 10% to 15% in 2024. matching requirements, supplanting issues, indirect costs, prevailing rates, performance-based fees, client fees, collective bargaining, allowable versus non-allowable cost)

GPC 40
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The Grants Transparency Act of 2023: Good idea or spitting in the wind?

Seliger + Associates Grant Writing

A GAO report from January 2024 states that the OMB worked with the Department of Health and Human Services to offer data standards, but these are incomplete, according to the report. A February 2024 OMB memo states that the data dictionary in USAspending.gov serves for now as the initial core data elements.