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.

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

Consult with finance staff or partners early. If you have a dedicated finance staff member or team, start the application process by talking to them! They may catch details you’d overlook, such as insurance, equipment depreciation, or staff benefits. Who will implement the work? What resources are required?

Budget

Blackbaud

NOVEMBER 20, 2024

Finance plays a crucial role in building a sustainable and scalable funding strategy. Finance professionals can provide key insights into risk analysis, financial forecasting, and performance measurement, ensuring each new revenue stream supports your long-term sustainability and growth. The good news?

Finance

NonProfit PRO

JUNE 23, 2025

hide(); }});--> Nonprofit Finance Fund (NFF) has released the results of a survey of the nonprofits that drive social and economic well-being in neighborhoods across the country. Only two-thirds offer health insurance; this drops to 12% for organizations with annual budgets of less than $250,000. addService(googletag.pubads()).setCollapseEmptyDiv(true).setTargeting("pid",

Funding

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. However, you can strategically cut other administrative costs by: Evaluating your organizations insurance plan to ensure youre getting the right amount of coverage for the best price.

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

In the finance office, you know it’s not time to celebrate just yet. Sharing with donors how their gifts contributed to a recent successful fundraising event or helped provide more meals to those in need will go a long way toward continued support—and that all starts with clear reporting in the finance office.

Finance

The NonProfit Times

JANUARY 9, 2025

Think beyond health insurance. Offering Competitive Compensation and Benefits Nonprofits might not always match corporate salaries, but that doesnt mean you cant be competitive. Be transparent about pay and get creative with benefits. Showing you care about employees well-being makes your nonprofit a place where people want to stay.

Retainer

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. Life Insurance Life insurance provides financial support to your dependents after your death.

Insurance

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. Tip 2: Bring both your program and finance teams into the grant application and award process.

Indirect Cost

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

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. Use accounting software to help you manage your finances.

Budget

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. Fringe Benefits: This includes the cost of benefits given to personnel of the program, such as, health insurance, paid time off, pension, etc.

Budget

The NonProfit Times

AUGUST 22, 2024

But is flooding covered under a typical commercial insurance policy? Rushing : Flood coverage is not typically included in a commercial insurance policy. Although you might be able to purchase flood insurance from your carrier or add it to your policy, many managers do not. Q: Hurricanes and other storms often produce flooding.

Insurance

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.

Finance

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. This statement shows how cash moves in and out of your organization through operating, investing, and financing activities. Expense reimbursement.

Policy

Qgiv

MARCH 5, 2024

501(c)(8): This type of nonprofit includes fraternal beneficiary societies and associations that provide benefits, such as insurance, to members of the organization through membership fees. These organizations can’t accept contributions and are generally funded by membership fees. These associations can’t accept contributions.

Insurance

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. Instead, you should continuously reference and update this document to ensure it reflects up-to-date financial information. Use the following tips to maintain your COA. Work With a Nonprofit Accountant.

Liability

Peak Proposals

APRIL 3, 2023

In addition to personnel, other annual increases should also be factored in, such as for insurance, internet service, or office security. If your organization’s finance staff has not been directly involved in developing the budget, it’s also important to have someone from the finance department review it.

Budget

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. Board of directors All nonprofits must appoint a board of directors. Process your payroll.

Software

Blackbaud

APRIL 8, 2024

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. So, the organizations behind the grants use the reporting requirements to make sure the funds go towards addressing those impact areas. Restricted funds often outline what they will fund and what they won’t.

Funding

Tech Soup

JUNE 20, 2014

There is also your new classification compliments of the BRIDGE Project, and the first universal software for micro finance, another free cloud service. The Mifos X Platform is free open source cloud software for running a microfinance organization that provides small loans, savings accounts, and micro insurance to very poor people.

Software

The Fundraising Coach

OCTOBER 20, 2023

Life insurance: Donors can list your organization as a beneficiary on their life insurance policy. Since most planned gifts don’t affect the donor’s current finances, this presents an easier way to give a large donation without hurting their budget. They can also donate any unused retirement assets to your nonprofit.

Pass-Through

The NonProfit Times

AUGUST 8, 2024

The bill has support from American Retirement Association, Investment Company Institute, American Heart Association, American Council of Life Insurers, Habitat for Humanity, National Council of Nonprofits, Council on Foundations, Lutheran Services of America, United Way, and Securities Industry and Financial Markets Association.

Pass-Through

The Fundraising Coach

APRIL 12, 2023

To keep track of your finances for specific, individual campaigns, according to Jitasa’s nonprofit financial management guide your organization should also create a detailed budget for those campaigns that covers your anticipated revenue and expense sources for individual campaigns.

Fundraising

Peak Proposals

DECEMBER 22, 2019

It means realizing that if you are doing data collection in the field, you may need to budget for the purchase of some kind of transportation for field staff, including associated costs like fuel and insurance. 4 laptops, 3 iPads, and 3 mobile phones.

Funding

Planned Giving

FEBRUARY 13, 2025

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. Avoid Probate : These assets bypass the probate process.

Insurance

The NonProfit Times

SEPTEMBER 10, 2024

Among the nine largest industry sectors, rates of financial hardship for nonprofit employees varied from 16% in both the healthcare and the finance and insurance industry sectors to 42% in retail trade. Most industry sectors had fewer than 400,000 nonprofit employees.

Nonprofit

Greater Giving

MAY 8, 2025

One essential process for managing your nonprofit’s finances is budgeting. Although your finance team will have the final say on categorization to ensure alignment with your internal records and nonprofit reporting requirements, its helpful to have a general understanding of how your budgets are organized for easy reference.

Budget

Planned Giving

AUGUST 15, 2024

If you’re not able to make decisions for yourself because of an illness or ailment, your chosen representative steps in to handle your finances and make medical decisions. It’s like an insurance policy for your life, not just your death. Power of Attorney This is where you pick your stand-in; your understudy, if you will.

Insurance

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

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. Nonprofits working in the areas of health care as well as finance and insurance (e.g., thrift and resale stores) was 42%, and only 51% had private health insurance.

Insurance

The NonProfit Times

JANUARY 9, 2025

You need to ensure that your organization has appropriate insurance coverage in place to protect against potential liability claims in all of these areas of legal risk. You also should explore acquiring an errors and omissions liability/media liability insurance policy to fill those coverage gaps.

ChatGPT

The NonProfit Times

NOVEMBER 7, 2024

Make sure your contract ensures they will assume liability for their actions and that the contractor is adequately insured and names your organization as an additional insured on their policies. Private security contractors – An established security contract with a professional security service.

Liability