Candid

JUNE 4, 2025

This way, changemakers dont need to create a new nonprofit from scratchwhich requires IRS tax-exempt status, a board of directors, a bank account, accounting, charitable registration, insurance, human resources, an audit, and state and federal filings. Other fees may apply depending on the sponsor.

Goals

Blackbaud

JUNE 20, 2025

Most nonprofit finance teams have been taught to keep their overhead costs buried deep within their financial statements. These changes make it more important than ever for nonprofit finance teams to understand your organization’s narrative on your overhead expenses. On the positive side, the U.S.

Indirect Cost

Grant Writing Made Easy

JULY 2, 2025

For better or worse, your budget can make or break your chances of funding, despite the quality of the grant narrative itself. When the budget doesn’t align with the story you’re telling—or worse, contradicts it—it sends a clear message to reviewers: this organization may not be ready to manage grant funding effectively.

Budget

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. You dont want to take funding away from your programs unless its absolutely necessary, but some spending on overhead is essential for your nonprofit to operate.

Management

Pamela Grow

FEBRUARY 27, 2025

Because your organization cant turn a profit by definition, the goal of tracking your finances is to demonstrate to donors, funders, the government, and the community that youre using your funding responsibly to further your mission. Accountability is at the heart of nonprofit accounting.

Liability

Blackbaud

JULY 10, 2025

A major donor just pledged a significant gift to fund a new science building at your college, and your development team is breaking out the champagne. But there’s a catch—the donor says they will only donate the money if your organization raises at least $200,000 to assist with the funding.

Finance

Planned Giving

JUNE 24, 2025

Beneficiary Designations for Non-Probate Assets Certain assets, such as retirement accounts and life insurance policies, transfer directly to beneficiaries without going through probate. To ensure they are cared for after your passing, designate a caregiver in your will and potentially set aside funds for their care.

Insurance

Blackbaud

APRIL 8, 2024

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. What Are Restricted Funds? What are Unrestricted Funds?

Funding

Blackbaud

SEPTEMBER 13, 2024

Have you ever had your board members scratch their collective heads when the development and finance teams report their results? So, while bequests, insurance policies and planned gifts are exciting for the organization, those donations won’t be reflected in the GAAP reporting. How Development and Finance Can Get Along (Really!)Does

Insurance

Blackbaud

MAY 6, 2024

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. These are set costs like headquarters rent, insurance, and administrative salaries. Without those, it can be a struggle just to make a plate of spaghetti.

Budget

Blackbaud

DECEMBER 20, 2023

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. Like an emergency fund for your organization, an operating reserve allows you time to make data-driven decisions instead of having to react immediately.

Indirect Cost

Grant Writing Made Easy

AUGUST 3, 2022

Indirect Expenses: These include administrative and overhead costs, all the costs of all departments outside of the program department, such as finance, human resources, and development. Revenue: All the funding coming in that you’re allocating to the program. For example, if they ask for matching funds, include those.

Budget

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. Your budget will also help you get funding because you can show donors that you know exactly what it costs to deliver services.

Budget

Tech Soup

DECEMBER 3, 2014

ABCS, with offices across the state and operations in Mexico, offers counseling and pregnancy services, classes on budgeting and personal finance, and foster care services, and also works with the state of Arizona to facilitate adoptions, among other things. Transitional Program BBQ.

Insurance

Peak Proposals

DECEMBER 22, 2019

The topic is research funding. Through our work in grant development, we’ve met many faculty members who have not received training on how to find funding or write grant proposals. In this post, we share what we’ve learned about finding research funding based on our experience working with faculty at US-based universities.

Funding

Get Fully Funded

JANUARY 16, 2024

The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission. However, nonprofits like yours can’t turn a profit by definition—all of the funding you bring in has to be reinvested into your organization.

Policy

Qgiv

MARCH 5, 2024

These organizations often depend on donations from their supporters, as well as grants, and other forms of funding to support their operations while pursuing their mission with any surplus being reinvested into the organization’s cause instead of being distributed to shareholders. These organizations are unable to collect donations.

Insurance

Peak Proposals

APRIL 3, 2023

In the funding opportunity announcement, a funder will either include a budget template or they will describe what your proposal budget should look like, including any required line items. Many funding gaps are ultimately filled by unrestricted funds the organization has generated through traditional fundraising activities (e.g.,

Budget

Qgiv

AUGUST 10, 2022

Nonprofits have two customers – the people they serve through the mission and the people or organizations which pay for all or part of the services, such as donors, insurance companies, government entities, and more. Consider having a separate session to discuss your organization’s finances. But funding goes beyond their own gift.

Finance

The Fundraising Coach

OCTOBER 20, 2023

While every donation is impactful for your nonprofit, it takes more than small gifts to fund your work. Specifically, your organization needs sustainable, long-term funding sources to make a lasting difference for your cause. Let’s explore how you can pave the way for earning more sustainable funding with legacy giving.

Pass-Through

Get Fully Funded

AUGUST 16, 2024

When handling your nonprofit’s finances in any capacity, a professional’s expertise is always your best bet for getting it right. The post How to Create a Nonprofit Chart of Accounts: 3 Steps + Tips appeared first on Get Fully Funded. Use the following tips to maintain your COA. Work With a Nonprofit Accountant.

Liability

GiveSmart

DECEMBER 11, 2023

These individuals are responsible for monitoring everything from the organization’s finances to its protocols to ensure operations are running smoothly and all compliance standards are being met. Get insurance policies. Become eligible for certain funding opportunities. Process your payroll. Make your tax payments.

Software

The NonProfit Times

AUGUST 8, 2024

A CIT is a tax-exempt investment vehicle that is similar to mutual funds that provides a diversified, pooled investments. By Paul Clolery Nonprofit employees with 403(b) retirement plans would be able to participate in collective investment trusts (CITs), if new federal legislation passes and is signed into law.

Pass-Through

The Fundraising Coach

APRIL 12, 2023

You raise money to directly fund and support your various programs and projects. For instance, you may have different funding goals associated with donations, merchandise sales, and other revenue streams. Fundraising is essential to your nonprofit’s strategy.

Fundraising

Planned Giving

FEBRUARY 13, 2025

Fund the Trust : Transfer ownership of your assets into the trust. These non-probate assets include 401(k) accounts, pensions, and life insurance policies. How to Create Beneficiary Designations To designate beneficiaries: Contact Institutions : Reach out to banks, insurance companies, and retirement plan administrators.

Insurance

Greater Giving

MAY 8, 2025

One essential process for managing your nonprofit’s finances is budgeting. Every one of these activities is vital to your organizations impactand every one needs its own budget to ensure funds are used effectively to accomplish it. Grant proposal budget.

Budget

Center for Major Gifts

AUGUST 19, 2024

Women are more likely to face changes in finances, inheritance, and guardianship issues alone, making comprehensive estate planning essential. – Beneficiary Designations Name a charity as a beneficiary of your retirement plan or life insurance policy.

Pass-Through

Candid

NOVEMBER 20, 2024

Many nonprofit organizations devote their time, talent, funding, and mission to helping people who live in financial hardship. In 2022, 48% owned their homes, only 4% had any investment income, 25% were covered by public health insurance, and 10% had no coverage at all.

Insurance

The NonProfit Times

NOVEMBER 14, 2024

This categorization allows nonprofit managers to demonstrate how funds are spent across activities and is essential for transparency and accountability. This categorization enables financial managers to demonstrate to donors, grantmakers, and regulatory bodies how funds are being used to advance their mission. The occupancy costs (i.e.,

Indirect

Blue Avocado

OCTOBER 22, 2024

After all, every nonprofit needs to have someone counting the cash, writing checks, safeguarding financial integrity, and managing funds soundly! To do this and so much other important work, all-volunteer organizations raise and use substantial funds. This guide is for you, Super Treasurer!

Budget