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How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Financial Accountability: Donors, grantors, and the public trust nonprofits to manage their finances responsibly. Examples include backup procedures, disciplinary action, and insurance. Assess Risks: Identify the risks that could impact the organization’s operations and finances.

Policy 72
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Supporting nonprofit and mission-driven affordable housing providers 

Candid

This lowers property revenue, even as material, labor, and insurance costs risea combination thats making building and operating affordable housing extremely difficult, or even infeasible. Thats because the financing of new or preserved affordable homes is something like a Jenga tower.

Finance 66
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GAAP for Nonprofits: How to Reconcile GAAP and Non-GAAP Results

Blackbaud

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 104
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Your Nonprofit Team: Attracting, Retaining Talent

The NonProfit Times

Think beyond health insurance. Regular training, open conversations, and diverse leadership help everyone feel respected and valued. Offer mentoring, leadership development workshops, and training tailored to nonprofit careers. Be transparent about pay and get creative with benefits.

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

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.

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Introduction to Nonprofit Program Budgets

Grant Writing Made Easy

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 98
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How to create your new nonprofit’s first budget

Get Fully Funded

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 98