When you’re just getting started, it’s critical that one of your first steps is to create your nonprofit’s first budget to help you manage both your organization and your finances as it grows. A budget combined with a fundraising plan can help you make sure there’s always money to pay for the things you
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Continue readingAs the founder of a new nonprofit, you are probably doing everything yourself and working for free instead of taking a nonprofit salary. I get it. Everything seems important and you really, really want to get your new organization up and running so you can do the work of changing lives. But, unless you’re
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Continue readingAs your nonprofit starts to blossom, don’t be surprised if you are conflicted over how much to spend on nonprofit administration, especially fundraising. Obviously, donors want as much of their donation as possible to go to your programs, to help change lives. But you have to spend some money on running your nonprofit. And
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Continue readingThe best gift a nonprofit organization can receive is unrestricted cash, but an inkind donation of something your organization needs and would have otherwise purchased is also a high-value gift. For example, if you are raising funds for a much-needed van and someone donates a van that meets your organization’s needs, you can close
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Continue readingThe best gift a nonprofit organization can receive is unrestricted cash, but an inkind donation of something your organization needs and would have otherwise purchased is also a high-value gift. For example, if you are raising funds for a much-needed van and someone donates a van that meets your organization’s needs, you can close
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Continue readingA penny saved is a penny earned. Organizations are always making miracles happen on tight budgets. So, it’s hard to imagine cutting additional costs at a nonprofit.. The best leaders understand two things must happen to sustain a nonprofit: SAVING money and RAISING money. Afterall, nonprofit is your tax status, it shouldn’t be your business model.
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Continue readingNonprofit Accounting is something you must stay on top of for your new, young, or small nonprofit. Don’t fool around with your Quickbooks data, your bookkeeping, or your financial reports. Why? Because bad things can happen if you do. Listen, you don’t want to be red-flagged by the government because of a careless mistake
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