Category Archives: nonprofit finances
[PODCAST] Your Nonprofit Board’s Financial and Accounting Responsibilities
Supporting Donor Engagement During an Economic Downturn Delaney Mullennix, the Nonprofit Hub Radio Podcast host, interviews Melisa Gallasso, founder & CEO of Galasso Learning Solutions LLC, about nonprofit board’s financial and accounting responsibilities. Galasso, known for her dedication to various
[PODCAST] Moving from Nonprofit Competition to Collaboration
Moving from Nonprofit Competition to Collaboration In this episode, we speak with Peter Greer about the power of collaboration in the nonprofit space. Peter shares insight from his book Rooting for Rivals: how nonprofits can multiply their impact by collaborating
[PODCAST] Be Your Own Master of Managing Federal Grants
Be Your Own Master of Managing Federal Grants Grants for nonprofits may offer a promising solution to funding; however, navigating the complex application and compliance processes can be challenging. In this episode, Patrice Davis, the founder of Grant Works Academy, explores the
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
Diversifying Your Nonprofit’s Revenue: How You Slice the Pie Matters
Before we talk pie–and slices of it–let’s put some questions out there. Revenue diversification is a hot topic, to be sure. But there are quite a few different ways to look at it and even to define it. If your
Nonprofit Reserve Funds: A Primer
Reserve funds can be a key financial piece of the puzzle as a nonprofit seeks financial resiliency. But what exactly are reserve funds? Simply put, reserve funds are unrestricted funds set aside from normal operating funds for the nonprofit. It’s
6 Nonprofit Financial Best Practices
Money in the bank isn’t the only indicator of financial success for a nonprofit organization. In fact, when there is money in the bank, nonprofits often overlook financial best practices that add security and longevity to their mission. Here are
The 2022 Nonprofit Financial Management Checklist
With all the demands of running an organization, executive directors often let their nonprofit financial management go by the wayside. The focus tends to be on the mission, fundraising, education, and other day-to-day management responsibilities, which are all important. Setting
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 Your Nonprofit Can Break Free from Frugality
Frugality is a virtue in the nonprofit sector. We’re accustomed to making the best with what we have, which often includes limited funds or resources. And although it’s wise to be good stewards and maximize value, sometimes quality and excellence
