A nonprofit budget is more than just an Excel sheet filled with numbers. When prepared and monitored correctly, your budget is your roadmap for planning the year’s income and expenses, and ultimately impact. Many non-numbers people shudder when they think of the annual budgeting process, but it … Read More... about Three Steps to Creating a Successful Nonprofit Budget
Nonprofit Management & Operational Advice
For a nonprofit, accounting is very important to keep a high level of financial transparency. Nonprofits wanting to keep their tax-exempt status must keep accurate financial records which document that the funds received were used for charitable purposes. I had a chance to sit down with Michelle … Read More... about Best Practices for Nonprofit Fund Accounting
Most nonprofit organizations release annual reports with the purposes of providing insight into the way their donations are used, and the impact of those donations. Of course, the ultimate goal of these reports is to maintain those existing donor relationships and encourage new donations. So how … Read More... about Best Practices for Compiling a Nonprofit Annual Report
When companies merge or acquire, stakeholders rightly expect the whole to become greater than the sum of its parts. Unfortunately, this happens less than half the time. Not only does one plus one not equal three; too often mergers and acquisitions result in losses. A once exceptional organization … Read More... about How Can Nonprofit Boards Develop a Merger Mindset?
When submitting a grant, it’s important to remember you have competition. You want to do everything you can to make your nonprofit standout from competitors. This can seem like a daunting task for smaller nonprofits that do not have entire departments dedicated to fundraising or full-time grant … Read More... about Four Realistic Grant Writing Tips for Small Nonprofits
When nonprofits think about what they need to keep their organizations running, they often think of fundraising campaigns. But what if they could get the items they need donated just by flipping through a catalog? It sounds too easy, but that’s the idea behind gifts-in-kind organizations. These … Read More... about Getting Products You Need for Free: How Gifts-in-Kind Organizations Make It Easy to Connect With Donors