Blackbaud

DECEMBER 23, 2024

When your nonprofit is just getting started, your budget for an accounting system is likely very close to $0. Those low-cost tools can be a great way to launch and gain momentum, but there comes a point for every nonprofit when the time it takes to manage your fund accounting workarounds outweighs the cost of upgrading your system.

Finance 105

Finance Organizational Budget Budget Nonprofit 105

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). Further, the IRS letter includes an issuance date that foundations use as the beginning date for your nonprofit.

Funding 130

Funding Grants Grant Budget 130

Blackbaud

JANUARY 9, 2025

When you work for a nonprofit organization, you dont hope for a period of unexpected demand or income fluctuations. Operating reserves provide a financial cushion to help nonprofit organizations weather economic uncertainty and make stronger strategic decisions. Still not sure if an operating reserve is right for your nonprofit?

Contract 104

Contract Contracts Budget Nonprofit 104

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. This alignment prevents mission creep and maintains the integrity of your nonprofit’s goals.

Finance 105

Finance Strategic Plan Consulting Consultant 105

Blackbaud

FEBRUARY 13, 2025

As a nonprofit finance professional, you want all your data to be accurate. Keep reading for actionable tips to improve your allocation processes and avoid issues common to managing your nonprofit payroll and time tracking for grant reporting. Maintaining compliance can protect existing funding, as well.

Grants 104

Grants Grant Indirect Cost Budget 104

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

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

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.

Budget 98

Budget Grant Writing Nonprofit Consulting 98

Blackbaud

JANUARY 24, 2025

Is your nonprofit or school getting the most from its fundraising CRM? 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.

CRM 97

CRM Software Nonprofit Readiness 97

Get Fully Funded

AUGUST 27, 2023

Nonprofit budget. Yet a budget is a critical tool in managing your organization. And way too many small nonprofits operate without one. A nonprofit budget can bring so many positives: Finances are much easier to manage because you know what expenses and revenue to expect. and no organizational budget.

Budget 98

Budget Finance Organizational Budget Management 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

Grant Professionals Association

FEBRUARY 26, 2025

Although inflation has cooled, balancing budgets hasnt necessarily become easier. Whether youre running a household, business, or nonprofit, finding ways to do more with limited resources remains a challenge. 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 97

Budget Nonprofit Finance Management 97

Get Fully Funded

OCTOBER 26, 2022

Deciding to start a new nonprofit is the beginning of an incredible journey. But once you see your nonprofit’s impact, the hard work will all be worth it. In this guide, we’ll help you make sure you’re on the right track in getting your new nonprofit up and running. Take steps to incorporate your nonprofit.

Finance 98

Finance Management Nonprofit CRM 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

Blackbaud

FEBRUARY 4, 2025

If your nonprofit has chosen to use the tagging feature in QuickBooks to help identify your restricted revenue, this means you will be juggling even more spreadsheets outside of your software. This shift underscores the need for a more robust accounting solution designed specifically for the unique needs of nonprofit organizations.

Software 86

Software Nonprofit Finance Management 86

Grant Writer Team

MARCH 27, 2025

Every nonprofit relies on a governing board. They make key decisions, oversee committees, and bear legal responsibility for ensuring the nonprofit stays true to its mission. They make key decisions, oversee committees, and bear legal responsibility for ensuring the nonprofit stays true to its mission.

Government 64

Government Ethics Proposal Finance 64

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 104

Budget Template Nonprofit Finance 104

Blackbaud

JULY 24, 2024

Effective nonprofit financial management is a team effort. Having multiple people working on your organization’s finances helps ensure accuracy—not only by delegating tasks efficiently, but also by allowing for additional review of records and reports. What is this nonprofit doing well when it comes to financial management?

Finance 105

Finance Strategic Plan Budget Nonprofit 105

Blackbaud

DECEMBER 30, 2024

As a nonprofit organization, which factor do you believe best showcases the success of your mission? Coffman stated in their GuideStar article : Theres no question that nonprofit organizations have an obligation to manage their finances responsibly. As Chuck McLean and Suzanne E. Thats where Return on Mission comes in.

Metrics 111

Metrics Finance Management Goals 111

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

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 113

Grants Grant Proposal Applicant 113

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 90

Budget Grants Grant Proposal 90

Blue Avocado

DECEMBER 17, 2024

Blue Avocado exists to help nonprofits succeed , and our community of nonprofit experts, leaders, and trailblazers continues to share their wisdom, strengthening us all. Make sure you check out all the real-world advice that nonprofit leaders have contributed this year. Why not ripe?

Budget 78

Budget Finance Burnout Grants 78

Blackbaud

JANUARY 14, 2025

At some point, you will realize that more staff and more budget can take you only so far. The kind of large, clean data sets AI systems require has historically been a point of weakness for nonprofit organizations. Free Resource Enterprise Nonprofit CRM Evaluation Guide Download now 4. Your technology has to keep pace, too.

CRM 105

CRM Readiness AI Management 105

Blackbaud

FEBRUARY 14, 2025

With the right policies and strategies in place, your nonprofit organization can draw from your operating reserves during and after an emergency without putting future operations at risk. Want to learn more about operating reserves for your nonprofit organization? Check out our webinar with A.

Management 104

Management Policy Policies Budget 104

Get Fully Funded

FEBRUARY 10, 2025

When you start a nonprofit, one of the most important things to figure out is how to manage your organizations finances. However, nonprofit accounting is often more complicated than it sounds. Seeking out nonprofit discounts or asking for in-kind donations of new office equipment.

Management 52

Management Nonprofit Finance Software 52

Allied Grant Writers

DECEMBER 26, 2024

For more insights into nonprofit funding, refer to our article on grant money for nonprofit organizations. Artists can use platforms like grant directories or dedicated nonprofit resource sites to access comprehensive lists of available grants. Detailed Budget Shows understanding of costs and financial planning.

Grants 52

Grants Grant Grant Writing Applicant 52

Blackbaud

NOVEMBER 8, 2023

In our webinar with Rachel Werner and James Spencer from RBW Strategy, they covered steps to help nonprofits that receive—or are looking to start receiving—government grant funding. Tip 10: Make sure everyone understands the reporting cadence and process for tracking the budgets vs actual, reviewing invoices, and indirect cost monitoring.

Government 116

Government Indirect Cost Indirect Grants 116

Blackbaud

MAY 28, 2024

The role of the nonprofit CFO has undergone a profound evolution. No longer confined to the more traditional, narrow lane of strictly managing an organization’s revenue and expense sheets, today’s nonprofit CFOs are increasingly asked to design a multifaceted approach that encompasses strategic vision, collaboration, and innovation.

Finance 104

Finance Strategic Plan Nonprofit Goals 104

The NonProfit Times

JANUARY 8, 2025

He oversees all aspects of Americares financial management, including planning, budgeting, forecasting, procurement, treasury, investments, accounting, grants and financial reporting, according to a statement from the organization. He most recently was chief finance and administration officer for Counterpart International, a Washington, D.C.

Procurement 52

Procurement Finance Budget Education 52

Peak Proposals

APRIL 3, 2023

Grant proposals have at least two parts: the project narrative and the budget (aka cost proposal). If you work for a large nonprofit, different people may be assigned to work on the narrative and cost proposal, with the two groups getting together periodically throughout the proposal process to ensure the sections are in sync.

Budget 69

Budget Grants Grant Proposal 69

Blackbaud

MAY 27, 2024

It’s budget season, and the spreadsheet chaos has begun. You want to document your process to save yourself valuable time next budget season. You want to be able to easily report on budgets in a variety of accurate, clear ways without too much fuss, and know what was approved versus what’s been modified. What if it raises more?

Budget 59

Budget Software Funding Utilities 59

The NonProfit Times

NOVEMBER 21, 2024

The commercial sector has successfully navigated this transition, and it’s imperative that nonprofit leaders follow suit to remain competitive and effective. You need to reframe your thinking in three critical areas to get there: budgeting, creative and reporting. 3 key areas for reframing Budgeting: Prioritize audience needs.

Fundraising 75

Fundraising Budget Metrics Utilities 75

NonProfit PRO

AUGUST 9, 2024

Join us as we discuss how overspending on personnel costs is a challenge for many non-profit finance leaders. You’ll learn how position control can help departments better manage spending, how to develop a position control system for your agency and how to integrate position control within your existing budget.

Finance 92

Finance Budget Nonprofit Management 92

Not Your Father's Charity

APRIL 27, 2022

Nonprofits come in all shapes and sizes—from small nonprofits with a few people on the board to large international organizations. In short, every nonprofit is different in its own way. These differences mean many different types of nonprofit boards exist. The 5 traits you should look for in a nonprofit board chair 1.

Finance 130

Finance Nonprofit Budget Training 130