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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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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.

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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.

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The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Accountability is at the heart of nonprofit accounting. Financial reporting is critical for accountability, and financial statements are among the most important reports your nonprofit will create each year. Statement of Activities The statement of activities is the nonprofit equivalent of a for-profit income statement.

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Nonprofit vs. not-for-profit: Definitions and differences

Bonterra

Nonprofit vs. not-for-profit organizations Where nonprofits serve a broad purpose for the public good with funding from donations and grants , not-for-profit organizations serve a smaller community or member base and are primarily funded by membership dues and fees. Are you a nonprofit looking to grow your impact?

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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.

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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.