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The Four Core Statements of Nonprofit Financial Reporting

Blackbaud

In this blog, we’ll explore the four core financial statements every nonprofit needs: the Statement of Activities, Statement of Financial Position, Statement of Cash Flows, and Statement of Functional Expenses. Statement of Financial Position The Statement of Financial Position is the nonprofit equivalent of a balance sheet.

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What’s Your End-of-Year Strategy for Planned Gifts of Assets?

Blackbaud

He was a donor to one of our charity clients and we had talked about the possibility of gifting assets to reduce or eliminate tax liability. He was facing a significant tax liability if he didn’t get this completed before the calendar rolled into January. The caller and I had met a few years before.

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7 Emerging Trends for 2025: Is Your Nonprofit Prepared?

GrantNews

As we reflect on the past year, we naturally wonder about the trends 2025 will bring nonprofits. While it is no surprise that trends are leaning towards AI and tech tools, you may be surprised to see how nonprofits might use AI. Seven Nonprofit Trends Expected for 2025 1.

AI
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How Government Grants Are Changing Grant-Making Policies

GrantNews

In truth, this is one of the many reasons GrantWatch lists grants for nonprofits and businesses alike. Specifically, to improve food insecurity and reduce food waste by expanding liability protection for food donors. Nonprofits and business can apply for grants on their own. We are an unusual country.

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Arts nonprofits saw revenue fall in every category in 2024. What lies ahead? 

Candid

To help navigate the increasingly complex challenges ahead, SMU DataArts analyzed trends based on financial data from 6,498 arts nonprofits that submitted a Cultural Data Profile between fiscal years 2019 and 2024. One-third of arts nonprofits now report working capital equal to less than two months of expenses. Since 2019, U.S.

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What’s the Cost Behind Starting a Nonprofit Organization in 2025?

Grant Writer Team

Staring a nonprofit organization can be a fulfilling endeavor that leads to an exciting journey, and ultimately, to a rewarding future. The money involved with establishing a nonprofit varies based on factors like location, structure, and the scope of your mission. Top 7 Expenses of Starting a Nonprofit Organization in 2025 1.

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Can an LLC Business Get Grant Money?

GrantNews

If you own a Limited Liability Company (LLC), you may be wondering whether you’re eligible to receive grant funding to support or grow your business. Grants Typically Not Available to Businesses: Nonprofit Grants : These grants are designed exclusively for 501(c)(3) nonprofit organizations and are not open to for-profit LLCs.