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Building Resilient Funding Models: Essential Tips for Nonprofit Finance Professionals

Blackbaud

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 98
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How Nonprofits Can Manage Cash Flow During Financial Challenges

Blackbaud

This can be as simple as paying your semi-annual insurance premiums every month or setting up automatic payments instead of waiting for invoices to arrive. Understand Your Finance Committees Needs Know what your finance committee needs to see and provide those outputs to them. Its important to get something on paper to start.

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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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How to Build a Better Nonprofit Budget in Less Time and with Less Stress

Blackbaud

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 119
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4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

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.

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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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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. Miscellaneous revenue (interest income, etc.)

Budget 98