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A Beginner’s Guide to Nonprofit Financial Reporting

Greater Giving

Reporting is a key aspect of nonprofit financial management. Besides promoting accountability at your organization, financial reporting is legally required according to government regulations for nonprofits. However, your reports can also provide insight into your organization’s financial situation. Let’s get started!

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Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

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. Being aware of these common pitfalls is crucial for maintaining the integrity of your financial reporting and in turn, the trust of your supporters.

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The Better FAFSA: What Colleges Need to Know Right Now

sgEngage

While the long-term intent is to simply the process and increase college accessibility, the short-term impact of the delays has meant a great deal of frustration for students and their families and major restraints on colleges that have historically relied on the resulting Student Aid Reports (SAR) to determine non-federal financial aid packages.

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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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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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Markets for Good Post: Design A Better Dashboard

Beth's Blog: How Nonprofits Can Use Social Media

A focus on the bar charts without taking the time to understand the challenges and open up creative thinking will not inspire organizational buy-in which is so important. Tracking for Impact and Learning. How has your organization achieved buy-in from staff or senior leaders about what data to collect for impact tracking?

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The Accounting Basics Every Nonprofit Team Member Should Know

NonProfit Hub

While most undergraduate programs cover the basics of accounting, the practices of a nonprofit bring a new level of complexity to the art of numbers and reporting. Unless the designation is lifted by the giver, these funds need to be tracked separately to ensure they are used for their intended purpose. But, for now it’s still a thing.

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