Closing out the nonprofit 2018 budget and setting up the 2019 budget is not an easy task when you have multiple stakeholders and processes. We understand that a successful budget is carefully crafted and implemented by a thorough nonprofit budget team, then cautiously monitored and continuously updated throughout the year to reflect inevitable changes affecting …
Community Brands surveyed more than 300 nonprofit finance professionals across nearly every vertical – including social services, education, and healthcare. We discovered that growth, while broadly defined, is very important to most nonprofit organizations. And, the search for additional revenue dollars (whether from donations, grants, services, or other sources) is constant.
Download “Nonprofit Finance Study: The Dynamics …
Need a buoy to survive the fiscal year-end riptide?
When most professionals are enjoying the workplace calm during the holidays, nonprofit finance and accounting professionals are prepping for the tsunami of closing the books and planning for next year – not to mention reviewing budgets, preparing for an audit, pulling together the annual report, and that’s …
There’s no question, growth is important to most nonprofit organizations, no matter the mission or the size. Although the search for new ways to generate revenue and respond to growth-related challenges continues, your peers have shared their perspectives on how to best adapt and adopt best practices. Here’s a sneak peek at the key findings …
Particularly during a nonprofit’s growth periods, its finance team may be asked to generate reports on the health of the organization at any given moment. And, although most manage and prepare reports quarterly, bi-annually, and annually, the preference is to have the ability to provide reports based on current state. How can you be ready …
Nonprofit growth can impact several areas of the organization, from funding and operational overhead to technology and risk management. It’s a balancing act, for sure. When we experience change around us, we must be able to adapt quickly, but smartly. How are nonprofits preparing for and handling growth, despite the challenges? In our most recent …
Most of us have heard the saying, “a picture is worth a thousand words.” Now, our graphical visuals are worth more than a thousand words, they’re priceless – and can make or break a nonprofit organization.
Translating financial performance isn’t always easy, but with the right tools, you can turn complex data into a simplified story. …
If you’ve been in a professional setting at any point within the last 20 years, you’ve heard about “the cloud.” You don’t even need to be a member of the IT department to have heard about it. Everywhere we turn these days, whether to an app, a technology partner, or our cell phone provider, we’re …
When I hear about fraud in a nonprofit organization, I first think about why anyone would steal, rob, or deceive an entity or individual fighting for a good cause. Frankly, it’s something we really don’t want to think about or imagine. But, unfortunately, it’s reality.
Here’s what the Financial Dictionary says about the types of financial fraud:
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Whether you’re new to organizing fundraising events or just seeking innovative ideas to deliver a successful event, fundraisers should always try to follow the preferred experience of their constituents – including donors, sponsors, and volunteers. You’ll want to create a plan, that encompasses pre-, during, and post-event activities and tasks. Read below for questions and answers you should …