Remove Liability Remove Nonprofit Remove Utilities
article thumbnail

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.

article thumbnail

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 122
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Government Grants Are Changing Grant-Making Policies

GrantNews

For example, making grants more accessible by utilizing an online application process. 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.

Policy 107
article thumbnail

What Are 7 Common Nonprofit Startup Costs?

GrantNews

Are you or someone you know considering taking the plunge to start a nonprofit? For this reason, GrantWatch has listed below 7 of the most common nonprofit startup costs. The work done by nonprofits is inspiring and so important! Hiring a lawyer can also be extremely helpful when it comes to picking a name for your nonprofit.

Insurance 117
article thumbnail

Statement of Cash Flows: How Nonprofits Track Inflow and Outflow of Money

Blackbaud

A Statement of Cash Flows is a detailed financial view used by nonprofit organizations to track inflows and outflows of money related to their activities during a specific time period, typically the fiscal year. In a nonprofit context, this might include cash received from endowments, proceeds from issuing debt, or repayments of loans.

Finance 98
article thumbnail

How to Create a Nonprofit Chart of Accounts: 3 Steps + Tips

Get Fully Funded

As a nonprofit leader, you’re no stranger to having to make the most of your limited resources. In this guide, we’ll explore the basics of creating and managing a nonprofit COA, starting with three simple steps you can take to develop this document. A chart of accounts (COA) is the foundation for all financial reporting.

article thumbnail

How Lessons Learned From Fighting Food Insecurity Can Help Your Nonprofit

Blue Avocado

Six best practices for small ways your nonprofit can lead great change. It’s a simple act with a big impact—like what many of us do in the nonprofit sector. And just like many other nonprofits, the more you start trying to address this need in your community, the more you realize the issue is a lot bigger than you originally thought.

Lobbying 105