Blue Avocado

MARCH 3, 2025

Lower liability insurance limits First, the community-based nonprofit sector generally must carry lower limits of liability insurance. Most insurance companies have reinsurance in order to protect their solvency and transfer a portion of their liability to the reinsurer. The answer is fourfold.

Insurance

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

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

Pamela Grow

OCTOBER 19, 2022

Insights to glean from this statement When you compare your nonprofit statement of activities with your budget, the line items in both the revenue and expenses sections should match up. So, the first insight that the statement of activities can show is whether your organization is on track to stick to your prepared budget for the year.

Liability

GiveSmart

MARCH 21, 2024

If you’re planning a fundraiser, you’ll need a good budget. A fundraising budget plan is essential to maximizing your profit margins and collecting more funds for your cause. Large, lavish in-person events will naturally need bigger budgets than intimate ones or virtual or hybrid events.

Budget

Get Fully Funded

MARCH 6, 2023

You don’t want to spend more than you raise, and poor planning can turn an event into a budget buster that wastes your most precious resource – time and volunteers. Tupperware parties, garage sales, and candle fundraisers will not sustain your budget. The RIGHT event: Raises 10-20% of your annual budget. BUT the flip side?

Fundraising

The Fundraising Coach

APRIL 14, 2025

Liabilities (account numbers beginning with 2000): Everything your nonprofit owes, including debt, deferred revenue, and accounts payable. Net Assets (account numbers beginning with 3000): What your nonprofit is worth, calculated by subtracting your total liabilities from your total assets. should have input on.

Liability

Candid

APRIL 11, 2024

When the Supreme Court gutted race-conscious admissions last summer and the American Alliance for Equal Rights followed with a lawsuit against the Fearless Fund, some in the philanthropic sector feared that demographic data had become a potential liability.

Demographics

Grant Writer Team

AUGUST 1, 2024

This includes budgeting, financial planning, and monitoring internal controls. Ideally, members should include individuals with strong financial acumen, such as accountants, financial analysts, and business professionals with experience in budgeting, financial planning, and risk management.

Finance

Get Fully Funded

JUNE 29, 2021

You need a budget. If you’re a business, and you don’t have an audience, a brand, a budget, and a marketing plan, you can’t sell your products or services. Does your budget reflect reality? . A business cannot operate without a budget. Drafting an organizational budget based on fundraising is challenging for sure.

Policies Procedures

GrantNews

MAY 8, 2024

Most nonprofits set aside a percentage of their annual budget to go toward staffing. This number can vary depending on the size of the nonprofit, but for most, this is anywhere from 60-90% of their annual budget. This plan includes general liability insurance, commercial property insurance and business income insurance.

Insurance

Blackbaud

JUNE 15, 2023

Even so, just like your everyday consumer credit cards, many Purchase Cards incorporate ways to mitigate that risk, having the extra benefit of liability coverage in the unlikely event a card is stolen or an employee were to try to use the card fraudulently. Additionally, not every organizational employee has the same spending need.

Nonprofit

Just Write Grants

SEPTEMBER 6, 2023

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

Get Fully Funded

AUGUST 16, 2024

When well-structured, this document can help you accurately track your income and expenses to streamline budgeting and financial reporting. Most COAs are organized into five categories: assets, liability, net assets, revenue, and expense accounts. Then, those accounts are further divided into subcategories. Take an Organized Approach.

Liability

Blackbaud

SEPTEMBER 19, 2024

Nonprofits use the Statement of Cash Flows in several key ways: Planning and Budgeting: Forecasts cash needs and plans for future expenses. Below, we provide more detail about this document and why it plays such a key role in successful financial management. How Do Organizations Use the Statement of Cash Flows?

Finance

Get Fully Funded

FEBRUARY 20, 2023

The Board will be responsible for monitoring how closely financial activity matches the actual budget, looking into how much programs and services cost, and whether that cost is appropriate. Provide Proper Financial Oversight It’s the Board’s job to provide financial oversight for the organization.

Strategic Plan

DoJiggy

SEPTEMBER 19, 2024

Nonprofit financial management requires greater transparency and increased contingency planning of your budget. Financial Planning and Budgeting The first areas to consider for management are financial planning and budgeting. Budgeting Budgeting is more focused on day-to-day operations.

Management

Get Fully Funded

JANUARY 16, 2024

Budgeting Your nonprofit’s annual budget is a key financial planning document that guides your organization’s spending and fundraising efforts. Most nonprofits break down the revenue side of their budget by source. It details all of the costs you expect to incur and the funds you predict you’ll bring in throughout the year.

Policy

Qgiv

APRIL 26, 2021

These are: Event Registration Bidding Software Text Fundraising Livestreaming Platforms Volunteer and Staff Management Online Shop Video Editing Software Graphics Software Event Day Solution Liability Waivers. Liability Waivers. Liability waivers are essential to many virtual events. These days, waivers can now be signed online!

Software

Greater Giving

DECEMBER 19, 2023

NPOInfo’s guide to nonprofit data collection explains that this information “allows nonprofits to assess cash flow, maintain financial stability, and strategize budgets for future fundraising efforts.” Financial Statements Your nonprofit tracks a lot of financial data day to day, from bank statements to donation records to purchase receipts.

Nonprofit

Tech Soup

JANUARY 8, 2013

While many larger organizations have already done this, smaller nonprofits and libraries, which have had leaner budgets for technology upgrades during the economic recession, will be investing time and money in 2013 into catching up on optimized sites for mobile web browsing.

Nonprofit

Tech Soup

APRIL 2, 2012

You’ve heard that a technology plan can help you plan and budget better for technology acquisitions, but how do you go about creating your organization's plan? Like a business plan, it includes a budget and timeline, and is written in a clear, accessible way. Wednesday, April 4. Tips and Tools for Technology Planning.

Conference

DoJiggy

JULY 23, 2024

The Statement of Financial Position (AKA The Balance Sheet) The Statement of Financial Position provides a snapshot of the organization’s financial status at a particular point in time, detailing assets, liabilities, and net assets. Liabilities are what your organization owes to vendors, employees, or others.

Nonprofit

Allied Grant Writers

OCTOBER 19, 2021

This is to protect both the board and staff from legal liabilities. This will let you develop an effective budget plan, accounting system, and record-keeping system. Articles of Incorporation and By-Laws are official statements that must be filed with the appropriate state agency in order to establish your organization.

Grant Writing

Allied Grant Writers

OCTOBER 19, 2021

This is to protect both the board and staff from legal liabilities. This will let you develop an effective budget plan, accounting system, and record-keeping system. Articles of Incorporation and By-Laws are official statements that must be filed with the appropriate state agency in order to establish your organization.

Grant Writing

Qgiv

JULY 24, 2024

Treasurer Your treasurer oversees your nonprofit’s financial health and manages budgets, reviews financial statements, and ensures compliance with financial regulations and policies. Board members should diligently review budgets, monitor financial performance, and ensure strict compliance with financial policies and regulations.

Nonprofit

Peak Proposals

NOVEMBER 10, 2021

If you have a number of active grants, you might be able to cover your unrestricted costs if each of your awarded grants allows for at least a percentage of the budget to go toward overhead costs. capped at 10%)—or if several of your grants don’t allow overhead costs at all—then you can quickly run into budget difficulties.

Nonprofit

Qgiv

NOVEMBER 18, 2021

Every parent wants to provide their child with the happiness and excitement of receiving a gift, and a toy and supply drive can make that possible for families who might not have the budget to buy their children the toy of their dreams. Set up a website, event registration form, and liability waiver with a reliable fundraising platform.

Fundraising

Planned Giving

AUGUST 15, 2024

You may not want to pick the friend who can’t budget their way out of a paper bag. Assessing Your Assets and Liabilities First things first: Take stock of what you’ve got. But choose wisely. Healthcare Directives This is where you get to play director in the movie of your life’s end.

Insurance

Planned Giving

JANUARY 14, 2025

This includes real estate, bank accounts, investments, personal property, and liabilities like mortgages and loans. This includes paying funeral expenses, medical bills, taxes, and any other liabilities. Managing Costs To manage probate costs, consider the following: Budgeting: Plan for expenses in advance.

Insurance

Planned Giving

FEBRUARY 13, 2025

However, modern online tools have simplified this process, making it more accessible and budget-friendly than ever before. Home Insurance : Covers property damage and liability. Planning your estate is indeed a significant act of love, ensuring that those you care about are taken care of after youre gone. What Is Estate Planning?

Insurance

Blue Avocado

OCTOBER 22, 2024

Starting out as an all-volunteer organization with a $20,000 budget, we developed financial systems, workable budgets, and demonstrated accountability. In just three years, the budget grew to over $330,000. And, if you intend to seek grants, you’ll want to reflect the value of your volunteers in your budget and grant proposals.

Budget