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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). Bookkeeper.

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

Blackbaud

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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Operating Reserves as a Key Indicator of Financial Health

Blackbaud

Operating Reserve Policies To help institutionalize operating reserve best practices and provide a pathway for a clear set of purposes, definitions, and goals, have a formal operating reserve policy in place prepared by senior management and staff and approved by the Board.

Policy 98
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2024 Blue Avocado Year in Review

Blue Avocado

One nonprofit leader shared six lessons learned from a bad board experience organizational policies to help your nonprofit set expectations, prevent dysfunction, and avoid a laundry list of problems. Finance Once your nonprofit or private foundation is tax-exempt, you never have to deal with the IRS again, right?

Budget 97
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Nonprofit Accountant vs. Fractional CFO: The Key Differences

Blackbaud

Having multiple people working on your organization’s finances helps ensure accuracy—not only by delegating tasks efficiently, but also by allowing for additional review of records and reports. What practical steps can we take to get this organization where it needs or wants to be with its finances? Implementing fiscal policies.

Finance 105
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Key Qualities and Skills to Look for in Potential Board Members

Blue Avocado

Each board member may bring a specific skill or may be a generalist, but in the aggregate, the board provides a full set of business skills to ensure that the executive director is employing best practices — whether it’s finance, budgeting, strategic planning, change management, or succession planning.

Ethics 116