Blackbaud

SEPTEMBER 19, 2024

By analyzing cash flows from operating, investing, and financing activities, organizations can identify trends, manage expenses, and make strategic decisions about future initiatives. The Statement of Cash Flows is divided into three sections: Operating Activities, Investing Activities, and Financing Activities.

Finance

Just Write Grants

SEPTEMBER 6, 2023

With our digital school bells ringing, it's time to attend a masterclass in nonprofit finance. 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).

Finance

Grant Writer Team

AUGUST 1, 2024

Managing finances can be daunting for many nonprofit professionals, particularly those new to oversight roles within nonprofit organizations. But what exactly does a nonprofit finance committee do? Most importantly, what does this have to do with grant funding? Why is it so vital to an organization’s success?

Finance

Candid

JULY 18, 2023

Whether these megadonors are on your radar, their voices are shaping broader conversations in the philanthropic sector about what and who gets funded, as well as how that funding materializes. For example, some prefer personal giving or directing their philanthropy through limited liability companies (LLCs).

Liability

Blackbaud

JUNE 15, 2023

A well-functioning finance department ensures day-to-day security and efficiency in all their processes. Fund Accounting Software that Drives Impact Find out how Blackbaud’s Financial Edge NXT® fits your organization. With any type of credit or purchasing card, there’s still a small percentage of risk involved.

Nonprofit

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

Get Fully Funded

AUGUST 16, 2024

Most COAs are organized into five categories: assets, liability, net assets, revenue, and expense accounts. Liabilities usually start with 2, net assets with 3, revenue with 4, and expenses with 5 and beyond. Then, those accounts are further divided into subcategories. For example, assets usually start with 1.

Liability

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

DoJiggy

SEPTEMBER 19, 2024

Nonprofits demand more from managers, especially when it comes to finances. Your nonprofit needs to manage its finances responsibly to be prepared for these thin donation times. As the number increases, that’s more competition for funds such as awards. Managing a nonprofit organization has its unique challenges.

Management

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

AUGUST 10, 2022

Consider having a separate session to discuss your organization’s finances. Do your best to make this an educational opportunity for your own finances and nonprofit finance in general. The finance discussion could be your most important ever in your new board member training. But funding goes beyond their own gift.

Finance

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

Tech Soup

SEPTEMBER 5, 2011

It was a one-day in-person free workshop, thanks to funding from Google Foundation , and attracted an impressive array of smart and informed nonprofit technologists. NTEN chose him to present on cloud security and financing because he has a unique blend of accounting expertise, technology know-how, and nonprofit industry understanding.

Liability

Greater Giving

DECEMBER 19, 2023

Your organization’s ability to further its mission depends not only on successful fundraising , but also on allocating your funds so you can cover all of your expenses while setting your nonprofit up for long-term sustainability and growth. Effective financial management is critical for operating a nonprofit. Transparency.

Nonprofit

DoJiggy

JULY 23, 2024

This difference requires a unique approach to financial reporting that provides a clear picture of how funds are allocated and used within the organization. Liabilities are what your organization owes to vendors, employees, or others. Net Assets are the difference between your assets and your liabilities.

Nonprofit

Allied Grant Writers

OCTOBER 19, 2021

Grants can give a group or business the chance to make a major difference on their community that they would otherwise be unable to fund. Grant applications are fiercely competitive; it’s especially challenging when it’s your first time soliciting funding for a new program or organization. What are Grants?

Grant Writing

Allied Grant Writers

OCTOBER 19, 2021

Grants can give a group or business the chance to make a major difference on their community that they would otherwise be unable to fund. Grant applications are fiercely competitive; it’s especially challenging when it’s your first time soliciting funding for a new program or organization. What are Grants?

Grant Writing

Qgiv

JULY 24, 2024

This model is effective for organizations that rely heavily on external funding and public support. Your treasurer works closely with your organization’s finance team to ensure accurate and up-to-date reporting and financial audits.

Nonprofit

Tech Soup

FEBRUARY 25, 2013

Funding sources (who funds your organization and what are their reporting requirements?). One definition is that a chart of accounts is a detailed listing of minor categories under the major categories of Assets, Liabilities, Net Assets, Revenue, and Expense. So What Exactly Is a Chart of Accounts?

Utilities

Planned Giving

FEBRUARY 13, 2025

Fund the Trust : Transfer ownership of your assets into the trust. Financial Power of Attorney (POA) A financial power of attorney grants someone the authority to manage your finances and property if you become unable to do so. Keeping this information together ensures that your executor can manage your finances effectively.

Insurance

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