article thumbnail

Your New Budgeting Superpower: Program-Based Budgeting

Blackbaud

The best way to manage those differing priorities is through budget management tools that give you a clear view of each program, instead of trying to pull apart the organizational budget. On top of that, you have board and department budget priorities, as well.

Budget 105
article thumbnail

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.

Budget 90
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Nonprofits Can Manage Cash Flow During Financial Challenges

Blackbaud

Here are a few of his suggestions for tracking and managing your cash flow, along with strategies to help your nonprofit stay flexible during times of financial uncertainty. While you may already have an annual budget and are reporting against it, the question remains: are you planning for cash?

article thumbnail

Developing a nonprofit budget: The basics and best practices

Candid

Building a nonprofit budget can be intimidating, not only for new projects or organizations but for all nonprofits when the fundraising outlook is uncertain. Yet, a challenging environment makes developing a strong, credible budget even more important. Here’s how to get started: The basics of building a nonprofit budget.

Budget 64
article thumbnail

Future-Proof Your Organization with Effective Budget Scenarios

Blackbaud

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
article thumbnail

Managing Your Operating Reserves During and After an Emergency

Blackbaud

Budget Line Item for Reserves: Include a specific line item in the budget dedicated to contributing to the operating reserves. Multi-Year Capital Budgets: Incorporate reserve contributions into multi-year capital budgets to ensure consistent replenishment over time.

article thumbnail

You Won the Grant—Now What? Mastering Post-Award Chaos Without Losing Sleep

Lightning Fast Grant Writing

Budget tracking. Post-Award Pressure Is Real For experienced grant writers, post-award management can feel like the most overlooked and underestimated beast in the grant world. Managing post-award requirements is where trust is built, impact is proven, and your funding future is secured. Reporting deadlines. Compliance checks.

Award 130