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10 Steps to Creating an Effective Nonprofit Budget

Blackbaud

Budgeting for a nonprofit organization is much like planning that road trip. In this blog post, you’ll learn the essential steps for creating an effective nonprofit budget. What Is the Purpose of a Budget for Nonprofits? At its core, your budget is a list of expected revenue and expenses for a set timeframe.

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Top Four 2024 Fundraising Webinars from Greater Giving Partners

Greater Giving

Must-Watch Webinars for Event Planning from Industry Leading Professionals Planning a successful fundraising event requires creativity, strategy, and expert insights. Greater Givings webinars in 2024 brought together some of the best minds in the nonprofit space to share actionable advice for planning unforgettable events.

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The Financial Edge: Crafting Budgets for Grant Success

Allied Grant Writers

Introduction to Grant Budgets Understanding the financial aspects of grant applications, particularly budgeting, is essential for both small businesses and non-profits. A well-structured budget can significantly impact the chances of securing funding.

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Gaining Leadership Approval for Major Technology Investments: A Practical Guide for Nonprofit CFOs

Blackbaud

Your ultimate goal is to channel as many resources as possible toward your mission. But how do you justify spending money on a budgeting tool instead of supplies for an after-school program? Would this investment speed up budgeting, provide more accurate data, or mitigate risk? Be sure to clearly lay that out.

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What is Online Fundraising? A Digital Way Nonprofits Can Increase Support

Blackbaud

An exception would be digital paid ad campaigns, where expenses run high based on the organization’s ad budget. Crowdfunding and peer-to-peer platforms: Enable nonprofits to share their mission, set goals, and encourage donations through community-driven campaigns on third-party sites or supporters’ social media.

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How to Evaluate a New Revenue Stream

Blackbaud

In our webinar with Stephanie Skryzowski from 100 Degrees Consulting, she broke down the steps your finance team can take to evaluate a new revenue stream and support the sustainability of your organization. This alignment prevents mission creep and maintains the integrity of your nonprofit’s goals.

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How Nonprofits Can Manage Cash Flow During Financial Challenges

Blackbaud

While you may already have an annual budget and are reporting against it, the question remains: are you planning for cash? Good cash flow planning helps you spot potential trouble before it has a chance to derail your strategic goals. Begin by taking your monthly budget and assuming you pay everything on the first of the month.