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Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

The Statement of Activities—commonly referred to as an SOA—is one of four essential financial statements for nonprofit organizations. As a CPA working with nonprofits of all sizes, I’ve encountered numerous errors in Board of Directors’ financial reports and Statements of Activities documents.

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How to Retain Your Year-End Donors

Neon CRM

The Donor Retention Rate Formula If donor retention is a priority for you, it’s important to know how to calculate and track your donor retention rate. Keep this formula handy—you’ll want to periodically calculate your donor retention rate to make sure you’re on track. Let’s take a look. Make the most of these receipts!

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A Beginner’s Guide to Nonprofit Financial Reporting

Greater Giving

Knowing where your nonprofit currently stands financially can help you prepare for future growth, set overarching goals, and chart a course for upcoming multi-year initiatives. Financial Statements Your nonprofit tracks a lot of financial data day to day, from bank statements to donation records to purchase receipts. Risk management.

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30 Most Effective Nonprofit Software Solutions for 2024

Qgiv

Donor management software enables you to organize your donor information, track gifts, and strengthen your donor engagement. The features of GoFundMe’s nonprofit software include: Easy sharing Donation tracking Leadership board Fundraising photos Pricing GoFundMe charges a processing fee of 2.2% + $0.30 per donation.

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NTEN Leading Change Summit #14lcs: Reflection

Beth's Blog: How Nonprofits Can Use Social Media

Last week I facilitated the “ Impact Leadership Track ” at the NTEN Leading Change Summit with John Kenyon, Elissa Perry, and Londell Jackson. Our track was one of three tracks for participants to dive deep into a topic and learn from peers through dialogue. Photo by Trav Williams. Defining Roles.

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The Accounting Basics Every Nonprofit Team Member Should Know

NonProfit Hub

Unless the designation is lifted by the giver, these funds need to be tracked separately to ensure they are used for their intended purpose. Often, the P&L is compared to the organization’s budget and/or the P&L of the previous period so performance can be tracked. . Think of this in terms of a pie chart, not a donor list.

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10 Ways to Address the Most Commonly Overlooked Element of “The Ask”

NonProfit Hub

Denise McMahan is a guest contributor for Nonprofit Hub, and is the founder and publisher of CausePlanet.org where nonprofit leaders devour Page to Practice™ book summaries, author interviews and sticky applications from the must-read books they recommend. _. Does Your Tracking Allow for Follow-Up and What Does that Column Look Like?

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