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Building Trust and Accountability: A Guide to Nonprofit Internal Controls Policy

Blackbaud

Establish protocols for fixed asset counts and managing departmental budgets to prevent overages. IT Controls Require individual logins for financial software and implement multi-factor authentication (MFA). Require pre-approvals for expenses over a defined threshold to avoid unplanned spending. Want to take the next step?

Policy 98
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Understanding the Grant Lifecycle: Info for Nonprofits

Blackbaud

Important activities: Gather necessary documents, develop narratives, build budgets, and secure internal approvals. That way, everyone has the same information, and no one is left wondering about grant specifics or budget details. Objective: Monitor grant progress, manage budgets, and ensure compliance throughout the grant period.

Grant 72
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Return on Mission: A Framework to Measure Success at Philanthropic Organizations

Blackbaud

For instance, the corporate profit-and-loss statement isnt the same as our nonprofit budget-to-actuals report, and it falls short of providing the information necessary to effectively assess whether we need to course correct throughout the year.

Metrics 111
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How a Streamlined K–12 Business Office Improves Your Family Experience

Blackbaud

Whether youre assessing the need for assessing the need for a tuition reset or forecasting next years budget , drill-down reporting helps you identify trends and address gaps efficiently. Want to learn more about how fund accounting software can help your school operate more efficiently and improve the family experience?

Finance 52
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How to Manage Your Arts and Cultural Nonprofit’s Revenue Streams in Uncertain Times

Blackbaud

Revenue diversity is a good hedge against the unexpected, but diversity alone is not enough when your budget is threatened or dismantled by outside forces. Use budget scenarios to plan for possible outcomes and contingencies. But creating budget scenarios helps you prepare for both the good and the less optimal outcomes.

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9 Best Practices for Strong Nonprofit Financial Management

Blackbaud

In a perfect world, your budget will always be balanced. How to do it Pull a list of your income sources from your accounting system or fundraising software. Use fund accounting software that can handle multiple funds and sub-funds. You will always get the grant and donors will never churn.

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Psssst! Your Website Is Trying to Tell You Something

Tech Soup

The Cardinal Path white paper, The State of Digital Data in the Top 50 Nonprofit Organizations in the U.S. The white paper's intent is to provide a quantified snapshot of the $316 billion philanthropic and nonprofit sector's maturity in web analytics. examines how 50 of the highest revenue U.S.