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Financial Sustainability for Nonprofits: 4 Considerations

Ann Green's Nonprofit

You’ll create strategic plans, brainstorm new projects and programs, and organize campaigns to raise the necessary funds to execute your ideas. One important but sometimes overlooked step in future planning is ensuring proper nonprofit financial management. Methodology. Chief financial officer (CFO).

Finance 147
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4 Ways to Unlock the Potential of Your Nonprofit Finance Team to Become World Class

Blackbaud

A good finance team will make sure bills are paid on time, reports are accurate, and the Board of Directors has access to the current financial statements. A good finance team will help you stay where you are. A good finance team will help you stay where you are. A world-class finance department will help you evolve.

Finance 98
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Gaining Leadership Approval for Major Technology Investments: A Practical Guide for Nonprofit CFOs

Blackbaud

Here are a few considerations when advocating for technology investments in your accounting and finance departments. Here are a few points to consider when linking your proposal to your organizations strategic plan: Map out Strategic Goals Begin by clearly identifying and outlining your nonprofit’s strategic goals and objectives.

Finance 88
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4 Ways Effective Grant Management Impacts Nonprofit Finances

DH Leonard Consulting & Grant Writing Services

However, proper financial oversight is critical to make the most of those vital funds. Effective grant management goes beyond tracking funds in your CRM its also about budgeting effectively, prioritizing programs that need financial support, and delivering timely reports to grantmakers. Focus on funding gaps.

Finance 52
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How to Evaluate a New Revenue Stream

Blackbaud

Ask the finance team. Finance teams can help their nonprofit organizations evaluate new revenue streams, enhancing the organizations stability and mitigating risk while intentionally experimenting with varied income sources. Review your strategic plan to ensure the new revenue stream fits within your organizational objectives.

Finance 105
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Resources for Navigating Uncertainty in the U.S. Federal Funding Landscape

Blackbaud

nonprofits, schools, higher education institutions, and healthcare organizations are currently navigating change or uncertainty related to federal funding. Weve created resources to help social impact organizations as they respond, from strategic planning to diversifying revenue streams to engaging new donors.

Funding 59
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How to Boost Efficiency in Your K–12 Business Office with AP Automation

Blackbaud

But an automated payments solution in your fund accounting system creates the payments from the invoices, so there is no manual matching required. You pay invoices with a few clicks, which leaves more time for your team to focus on strategic worklike cleaning up your vendor records or reviewing tuition forecasts.

Finance 87