Category Archives: Finance + Budgeting
The Ultimate Guide to Diversifying Your Funding Streams
The Ultimate Guide to Diversifying Your Funding Streams Conduct a search on best practices in nonprofit development, and you will likely come across advice to diversify your funding streams. There are a lot of advantages to diversifying your funding
An Executive Director’s Guide: Board Confidence & Nonprofit Financials
An Executive Director’s Guide: Building Board Confidence and Mastering Nonprofit Financials Struggling to justify every penny to donors board members? This valuable nonprofit executive guide provides the key to building board confidence mastering nonprofit financials. With immense pressure to
5 Ways To Recession-Proof Your Nonprofit
5 Ways To Recession-Proof Your Nonprofit Lately, it’s hard to go more than a few hours—forget about a whole day—without being haunted by the joint specters of recession and inflation. We see the numbers at the gas pump and when
Audit Committee v. Finance Committee: Do you need both?
The Difference Between a Nonprofit Audit Committee and a Finance Committee and Why Your Nonprofit Needs Both For nonprofits, deciding on a board committee structure can be a challenge. Often, the decision is solely based on the number of board
The Difference between a Finance and Audit Committee, and Why You Need Both
The Difference between an Audit and Finance Committee, and Why You Need Both For nonprofits, deciding on a board committee structure can be a challenge. Often, the decision is solely based on the number of board members and their talents
Leverage Form 990 for Stakeholder Trust [GUIDE]
How to Leverage Form 990 to Build Stakeholder Trust Leverage Form 990? Really? What is a commonly neglected marketing tool? It’s your IRS Form 990. IRS Form 990 is more than just a tax form that many nonprofits must file
5 Goals of a Great Nonprofit Annual Report
What is a nonprofit annual report? An annual report is a common publication of nonprofit organizations documenting their achievements and performance over the previous year. Well-rounded reports balance forecasting the future of the organization and establishing goals with reporting historical
Perfect Your Budget for 2022: Best Practices for Nonprofit Leaders
Working on a budget for 2022? Creating budgets for your nonprofit programs in addition to an overall budget for your organization can seem like overwhelming tasks. Budgeting requires careful record-keeping, evaluation of the past, consideration of the future, and a
How Much Money do You Need to Start a Nonprofit?
Updated 1/1/2022 How much does it cost to start a nonprofit? It’s a good thing that social activists start nonprofits with a passion, a purpose, and—hopefully—enough bankroll to finance their budding organization. Starting a nonprofit is hard work and there
[PODCAST] Scrappy Nonprofit Accounting
Why DIY Nonprofit Accounting is a Don’t The nonprofit sector is notoriously self-sufficient—and often a little scrappy—when it comes to nonprofit accounting. With the aid of Google and volunteers plus an unabashed passion for our cause, we attempt to do
