Millionaire Grant Lady

JANUARY 24, 2025

At minimum, you will always want to submit your IRS Determination Letter, proving that youre a non-profit, and a program budget (or overall budget, if youre looking for general operating funding). Program Budget: An ideal program budget will include both revenue and expenses, and these amounts should balance or come close to it.

Funding 130

Funding Grants Grant Budget 130

Blackbaud

MARCH 20, 2025

While you may already have an annual budget and are reporting against it, the question remains: are you planning for cash? Begin by taking your monthly budget and assuming you pay everything on the first of the month. Scenario Planning Create a budget that zeroes out any government funding and make a plan from there.

Management 102

Management Finance Budget Nonprofit 102

Blackbaud

JANUARY 13, 2025

Ask the finance team. Finance teams can help their nonprofit organizations evaluate new revenue streams, enhancing the organizations stability and mitigating risk while intentionally experimenting with varied income sources. Even your IT team suggested selling the research tool they built to other organizations.

Finance 105

Finance Strategic Plan Consulting Consultant 105

Blackbaud

MARCH 3, 2025

But how do you justify spending money on a budgeting tool instead of supplies for an after-school program? Here are a few considerations when advocating for technology investments in your accounting and finance departments. Would this investment speed up budgeting, provide more accurate data, or mitigate risk?

Finance 88

Finance Strategic Plan Proposal Goals 88

Blackbaud

MAY 21, 2025

Budget scenario planning may not be for everyone. If your programs always bring in their budgeted revenue, if your major donors always come through when they say they will, and if you receive every grant you apply for, you dont need budget scenarios. And if it does sound like your organization, please share your secrets!

Budget 88

Budget Strategic Plan Pass-Through Federal Grants 88

Ann Green's Nonprofit

MAY 5, 2025

With all the economic uncertainty right now, you may be worried about your nonprofits finances. Dont skimp on your communications budget. Maybe you need to reallocate your budget to cover some of these expenses. Maybe your giving has gone down and youve cut back on some expenses. It may be something you should be investing in.

CRM 147

CRM Budget Nonprofit Finance 147

Lightning Fast Grant Writing

MAY 9, 2025

Your heart is racing, your inbox is a graveyard of unanswered pleas, and youre still waiting on a budget breakdown, an updated program description, and that one elusive staff bio written in something resembling human English. Picture this: the grant deadline is in 48 hours. Sound familiar? Its systemicand surprisingly fixable. Or skeptical.

Grant Writing 130

Grant Writing Grants Grant Logic Model 130

Blackbaud

DECEMBER 23, 2024

When your nonprofit is just getting started, your budget for an accounting system is likely very close to $0. And this data rolls up into your organizational budget to give you a holistic view of your finances. It may be time to look for a fund accounting system with subfund capabilities when you notice these three signs.

Finance 105

Finance Organizational Budget Budget Nonprofit 105

Blackbaud

APRIL 16, 2025

The finance team shoulders immense responsibility to make sure funds are well-stewarded, often while being understaffed and under-resourced. One of the most important places for alignment is between development and finance to make sure expenses abide by funder restrictions.

Finance 93

Finance Budget Nonprofit Management 93

Blackbaud

MARCH 7, 2025

As leaders in nonprofit finance, it’s our job to be prepared for the inevitability of change. We build a budget that is fair, balanced, and built on evidential history, but flexible ready for whatever hiccups and bumps come along. Im sure everyone is mildly familiar with budgeting. Why Do Nonprofit Budgets Change?

Budget 81

Budget Management Finance Utilities 81

Blackbaud

APRIL 7, 2025

Like your K12 private school budget. A well-crafted budget is essential for aligning financial resources with the strategic goals of your private school, and with the right processes and tools, it doesnt have to be stressful. Your school may have multiple budgets, each with a different purpose.

Budget 59

Budget Strategic Plan Template Conference 59

Blackbaud

JUNE 12, 2025

Engage program managers and finance teams to ensure the project is feasible and aligns with organizational goals. Important activities: Gather necessary documents, develop narratives, build budgets, and secure internal approvals. Objective: Monitor grant progress, manage budgets, and ensure compliance throughout the grant period.

Grants 71

Grants Grant Grant Management Award 71

Blackbaud

JUNE 4, 2025

For example, a newly hired finance manager is stepping into a nonprofit with no formalized internal control policy. Finance Teams: Handle the nuts and boltsdocumenting procedures, conducting reconciliations, and overseeing daily transactions. Personnel Controls Require background checks for new hires in finance-related roles.

Policy 98

Policy Policies Finance Training 98

Blackbaud

AUGUST 20, 2024

There are several exciting times of the year for nonprofit finance professionals—budget season, audits, year-end close. They will discuss the importance of having both your development and finances teams involved in donor stewardship. Reporting is a key part of any finance professional’s role.

Finance 105

Finance AI Federal Grants Indirect Cost 105

Blackbaud

MAY 6, 2024

Like a good recipe, your nonprofit budget requires high-quality ingredients, easy-to-follow steps, and a knowledgeable cook or two to put it together. But when you have all the pieces—accurate data, a clear process, and a finance team to put it together—you can make a three-course meal look easy.

Budget 119

Budget Strategic Plan Finance Insurance 119

Blackbaud

JANUARY 9, 2025

Find the Right Number for Your Nonprofit Operating Reserves The Nonprofit Operating Reserves Initiative (NORI) Workgroup suggests that the minimum operating reserve ratio at the lowest point during the year should be 25 percent, or about three months of the annual operating expense budget. However, this is not a universal benchmark.

Contracts 104

Contracts Contract Budget Nonprofit 104

Get Fully Funded

AUGUST 27, 2023

Nonprofit budget. Yet a budget is a critical tool in managing your organization. A nonprofit budget can bring so many positives: Finances are much easier to manage because you know what expenses and revenue to expect. If you want to grow your nonprofit, a budget is not optional. and no organizational budget.

Budget 98

Budget Finance Organizational Budget Management 98

Grant Professionals Association

FEBRUARY 26, 2025

Although inflation has cooled, balancing budgets hasnt necessarily become easier. Dive Deep into Your Budget Cost-cutting isnt just a once-a-year task during the annual budget season. Dive Deep into Your Budget Cost-cutting isnt just a once-a-year task during the annual budget season.

Budget 40

Budget Grant Writing Strategic Plan Finance 40

Blue Avocado

FEBRUARY 4, 2022

And the story of what your organization plans to do in the coming fiscal year is called the budget. Every year, organizations like yours go through the process of creating a budget to be approved by your board of directors. […]. The post Practical Tips for Nonprofit Budgeting appeared first on Blue Avocado.

Budget 111

Budget Nonprofit Finance Management 111

Blackbaud

FEBRUARY 13, 2025

As a nonprofit finance professional, you want all your data to be accurate. Discrepancies and Budget Overruns Manual time tracking and payroll allocation can result in discrepancies between recorded time and payroll provider data. These discrepancies can lead to budget overruns and difficulties in managing funds effectively.

Grants 104

Grants Grant Indirect Cost Budget 104

Grant Writing Made Easy

AUGUST 3, 2022

At our most recent Grant Writing Made Easy workshop, we did a deep dive into nonprofit program budgets. Of all the topics I teach inside the course, the budget is the one that students have the most anxiety and confusion around. (By Follow this 3-step process for creating nonprofit program budgets. Understand the key terms.

Budget 98

Budget Grant Writing Nonprofit Consulting 98

Get Fully Funded

MARCH 20, 2023

When you’re just getting started, it’s critical that one of your first steps is to create your nonprofit’s first budget to help you manage both your organization and your finances as it grows. Without a budget, you can find yourself in deep water, fast, with more money going out than coming in.

Budget 98

Budget Finance Software Liability 98

Grant Professionals Association

MAY 1, 2025

For larger organizations, this could include staff from Human Resources, Finance, Information Technology, etc. Finance: Review the project budget and possibly compare with your organizations financial reports of actual versus budgeted expenses, offering time for team member education. depending on the nature of the grant.

GPC 64

GPC Award Finance Grants 64

Blackbaud

NOVEMBER 5, 2024

To produce meaningful reports to help you do this, you must track all financial activity and ideally compare it to your budget, or your financial representation of what you think you’ll pursue during the year. You can run them with just a few clicks, and easily add columns for budget to actual, balances, and activity year-over-year.

Liability 111

Liability Finance Template Budget 111

Veritus Group

APRIL 24, 2024

When your fundraising budget isn't properly allocated across the donor pipeline, it has economic consequences for your non-profit. The post How Should You Spend Your Fundraising Budget? (#5 5 of 6) appeared first on Veritus Group.

Budget 114

Budget Fundraising IT Finance 114

Blackbaud

APRIL 4, 2024

Let’s face it—budget planning can cause a lot of stress and anxiety for nonprofits. Most organizations face frequent budget cuts, which creates organizational uncertainty and a scramble for new funding options. Analyzing your budget this way also allows you to understand the ROI of each program.

Finance 119

Finance Budget Indirect Cost Indirect 119

Get Fully Funded

OCTOBER 26, 2022

Getting your programs off the ground, ensuring legal compliance, recruiting staff and volunteers, and correctly managing your nonprofit’s finances can be daunting. Events have some of the highest ROIs of any fundraisers, but they require careful planning and room in your budget. Event revenue.

Finance 98

Finance Management Nonprofit CRM 98

Blue Avocado

JUNE 27, 2022

There are as many forms of nonprofit budgets as there are forms of organizations. Unlike financial statements, which have some rules and guidelines according to accounting standards, the same level of industry-imposed standardization for budget documents and formats doesn’t really exist. appeared first on Blue Avocado.

Budget 119

Budget Template Nonprofit Finance 119

Blue Avocado

DECEMBER 17, 2024

Nonprofit Grant Proposal Budget Calculations: A Road Map Whats the best way to make your nonprofits budget stand out on a grant application? Finance Once your nonprofit or private foundation is tax-exempt, you never have to deal with the IRS again, right? Simple acts can have a big impact on the community!

Budget 97

Budget Finance Burnout Grants 97

GiveSmart

NOVEMBER 27, 2023

Managing your annual budget—and multiple budgets within it—is one of the most crucial components of running a nonprofit organization. Learn more about what a nonprofit fiscal year is and how you can arrange your budget to best meet your organization’s financial needs below. What is a Nonprofit Fiscal Year?

Budget 92

Budget Finance Calendar Software 92

Blue Avocado

NOVEMBER 6, 2023

Is your organization’s CFO ready to put together a grant proposal budget that will make an impact with potential funders? The post The Art of Grant Budgeting: A Guide for Nonprofit CFOs appeared first on Blue Avocado.

Budget 105

Budget Grants Grant Proposal 105

Veritus Group

JANUARY 26, 2024

The post Question of the Month: Why do we recommend creating both budget AND aspirational goals? In this Question of the Month video, Jeff and Richard share more about why it's important to have these two different goals in mind. appeared first on Veritus Group.

Budget 111

Budget Goals IT Finance 111

GrantNews

DECEMBER 11, 2024

Private foundations Community foundations Corporations State Government Local Government Federal Government Pro Tip: If your organization is small (budget under $1 million), new (in existence for less than five years), or has never received a grant larger than $45,000, smaller foundations will be your best funding sources.

Grants 115

Grants Grant Proposal Application 115

Candid

MAY 14, 2025

Thats because the financing of new or preserved affordable homes is something like a Jenga tower. But when you pull out one financing tile, you have to make up for that money in some other way, either through loans, additional debt, or other cost savings.

Finance 66

Finance Government Nonprofit Policies 66

Peak Proposals

APRIL 3, 2023

Grant proposals have at least two parts: the project narrative and the budget (aka cost proposal). There may not be a division of responsibilities between the cost and narrative proposals at a small nonprofit, leaving the project lead (or the grant writer) to both write the proposal narrative and prepare the budget.

Budget 69

Budget Grants Grant Proposal 69

Blackbaud

JANUARY 24, 2025

It helps you better understand your donors, keep them engaged, and work more efficiently with your finance, marketing, programs, and leadership teams. Integrating finance and fundraising makes reconciliation easier and helps improve donor stewardship. Volunteer management platforms: Keep all your volunteer information in one place.

CRM 97

CRM Software Nonprofit Readiness 97

Blackbaud

DECEMBER 30, 2024

Coffman stated in their GuideStar article : Theres no question that nonprofit organizations have an obligation to manage their finances responsibly. Unfortunately, philanthropies are typically (and problematically) judged by the first two criteria. As Chuck McLean and Suzanne E.

Metrics 111

Metrics Finance Management Goals 111