Bloomerang

SEPTEMBER 4, 2024

Organizations need to adapt quickly to survive, and a long-term plan often becomes a liability and burden rather than a guide and roadmap. The pitfalls of the five-year plan The allure of the five-year plan stems from an era dominated by large organizations like IBM, The Nature Conservancy, and large city governments.

Conservancy 89

Conservancy Review Goal Mind 89

Greater Giving

SEPTEMBER 19, 2024

The planning document that serves as the backbone for financial sustainability—and by extension, successful growth—is your nonprofit’s annual operating budget. This resource details your organization’s predicted expenses for a given year and outlines how you’ll allocate your projected revenue to cover those costs.

Create 52

Create Nonprofit Stream Fund 52

sgEngage

JANUARY 17, 2024

Changing a core piece of software at your grantmaking organization is no picnic. If it’s time for you to start looking for a new grant management system, use this opportunity to evaluate your processes, figure out what needs to change, and find a solution that can growth with your organization. What reports do you pull regularly?

Grant 84

Grant System Foundation Management 84

sgEngage

AUGUST 19, 2022

But as your organization grows and changes, you also need to update your financial direction. In addition to reviewing and updating your nonprofit operating budget each year, your financial team should also regularly evaluate your process for creating that document. Also be aware of restricted versus unrestricted funds.

Process 96

Process Create Review Stream 96

sgEngage

SEPTEMBER 8, 2021

The growth in Employee Relief Funds (ERFs) exploded in the spring of 2020 as Covid-19 began to affect companies and their employees around the globe. This blog is based on LBG Associates’ and LBG Research Institute’s latest landmark study called Secrets to Building an Effective and Sustainable Employee Relief Fund. Source of Funding.

Fund 75

Fund Challenge Disaster Companies 75

sgEngage

SEPTEMBER 19, 2024

A Statement of Cash Flows is a detailed financial view used by nonprofit organizations to track inflows and outflows of money related to their activities during a specific time period, typically the fiscal year. Below, we provide more detail about this document and why it plays such a key role in successful financial management.

Track 73

Track Money Reflection Activities 73

sgEngage

DECEMBER 20, 2023

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Like an emergency fund for your organization, an operating reserve allows you time to make data-driven decisions instead of having to react immediately.

Foundation 91

Foundation Build Grant Fund 91

sgEngage

APRIL 12, 2023

Very few people enjoy being on the organization side of a nonprofit financial audit. These check-ins are a great place to share updates happening with your organization—such as new grants or an unusual donation—and for them to share changes they are watching in legislation and regulations that might affect you.

Review 75

Review Fund Nonprofit Software 75

sgEngage

AUGUST 30, 2021

Many organizations want to help their own during tough times. Relief funds offer a vehicle to provide much-needed financial assistance to individuals during unforeseen disasters and personal hardships. A tax-exempt relief fund’s charitable class is the group of individuals who are eligible to apply for and receive a grant.

Disaster 102

Disaster Fund Guide Classes 102

Candid

AUGUST 29, 2024

Four common grant proposal documents (free samples included). There are four major types of grant proposal documents: letters of inquiry, cover letters, proposal budget, and full grant proposal. This article breaks down their key components and links to free sample resources so you can see what a successful document looks like.

Grant 59

Grant Tips Proposal Sample 59

sgEngage

MARCH 7, 2024

The Statement of Activities—commonly referred to as an SOA—is one of four essential financial statements for nonprofit organizations. Without that, the SOA can misrepresent the financial health of the organization and lead to future funding issues. Invest in professional development for yourself and your accounting team.

Activities 88

Activities Active Activism Comparison 88

sgEngage

JULY 24, 2024

Having multiple people working on your organization’s finances helps ensure accuracy—not only by delegating tasks efficiently, but also by allowing for additional review of records and reports. Two key members of your organization’s financial management team are your accountant and your chief financial officer (CFO).

Difference 78

Difference Analysis Nonprofit Files 78

sgEngage

JANUARY 19, 2023

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Like an emergency fund for your organization, an operating reserve allows you time to make data-driven decisions instead of having to react immediately.

Foundation 88

Foundation Build Fund Review 88

sgEngage

DECEMBER 14, 2023

Receiving requests for funding can be both a crucial and frustrating part of being a grantmaking organization. You want applications from organizations that align to your mission, but the frequency of the requests can easily bog down your processes if you aren’t careful. Will several teams review the requests?

Grant 106

Grant Process Management Technology 106

sgEngage

APRIL 26, 2024

In recent years, relationships between nonprofit organizations and their auditors have seen positive change. Here are six best practices your nonprofit organization should adopt to increase collaboration and enhance its relationship with your audit firm.

Relationship 105

Relationship Practice Build Evaluation 105

sgEngage

JUNE 6, 2024

Review reporting. Work closely with administrators to identify reports that need to be run and the metrics to track during the campaign, which will inform your fund setup and gift entry process. Fine-tune your fund setup. It is also directly related to the fund cash flow reports your finance office depends on.

Database 83

Database Goal Campaign Phase 83

sgEngage

SEPTEMBER 26, 2022

Operating reserve funds used to be a tricky concept for many nonprofit organizations. With an understandable and accessible operating reserves policy, your team, Board, and donors know the specific reasons you would use your operating reserves and the exact amount that needs to always be in the fund.

Policy 77

Policy Create Guide Fund 77

Bloomerang

FEBRUARY 27, 2023

Since many nonprofits are entering this space due to increased opportunities for federal funding , they can be overwhelmed with the requirements needed to prepare a thorough application and often lack resources, systems, or knowledge about how to be most successful. Review the criteria for an award.

Proposal 100

Proposal Award Application Grant 100

Get Fully Funded

JUNE 20, 2022

When you started your organization, you drafted a set of nonprofit bylaws which are the rules spelling out how your new venture would operate and how your Board would govern it. Many new organizations draft bylaws based on a template or an existing organization’s bylaws. Start by reviewing your bylaws.

Government 122

Government Nonprofit Review Language 122

The NonProfit Times

AUGUST 27, 2024

Overall, 85% of respondents research nonprofits by visiting a website and 70% review an organization’s social media presences before giving gifts. Donors would prefer messaging with a better balance than what they have experienced regarding asks for funds and providing information.

Info 98

Info Story Donor Generation 98

sgEngage

AUGUST 12, 2024

You’ve got to use funds wisely, aligning with your mission and honoring donor intentions. They help your organization measure impact, follow regulations, and show donors you’re on top of the needs of your community. Here are 9 best practices to help your organization develop strong nonprofit financial management.

Practice 93

Practice Management Fund Nonprofit 93

sgEngage

MAY 15, 2024

In early 2022, the Center for Disaster Philanthropy began an organization-wide grants change management review. The goal was to become better grantmakers by completing a review of our practices, processes and forms. This process reduces the need for an organization to provide further documentation on their tax status.

Change Management 105

Change Management Disaster Change Management 105

NonProfit Hub

JUNE 24, 2021

Grantors can often be long-term relationships that have lasting impacts on organizations and the communities they serve. However, grant funding is an exercise in patience. Unfortunately, there is a lot that goes into being ready for funders to even consider your organization’s application. Are you ready?

Grant 48

Grant Fund Proposal Exercise 48

sgEngage

SEPTEMBER 22, 2021

While these efforts often include prioritizing environmentally friendly work practices or committing to offering fair wages to employees, corporate philanthropy has to do with supporting nonprofit organizations via charitable donations of funds, time, and/or resources. Volunteer grants. Data-Driven Industry Insights.

Philanthropy 90

Philanthropy Organization Gift Donation 90

sgEngage

JUNE 15, 2023

The annual financial audit is a great time to review your statements through a risk lens and search the corners of your financial statements for long-forgotten issues that could contaminate an entire balance sheet. As part of your regular discussion with your auditor, preferably at the start of your fiscal year, review your internal controls.

International 92

International Nonprofit Review Process 92

Candid

NOVEMBER 29, 2023

Here’s a familiar scene: your nonprofit organization just won its first big grant, and you’re ecstatic. But before receiving funds, you need to show you’re legally registered, governed by a board, and have solid financial management policies. On top of that, there’s a lengthy contract to review and sign.

Culture 102

Culture Build Policy Nonprofit 102

sgEngage

JANUARY 15, 2024

They parse the grant documentation to understand if their organization is a good fit, they gather information from throughout the organization, and they mold it into an engaging story about the important work the organization is doing. Does this seem commensurate with the amount of funding you are providing?

Application 99

Application Grant Help Blackbaud 99

Candid

DECEMBER 20, 2023

After all, the only way you can fulfill your organization’s mission is if you can bring in the funding you need to support your programs and initiatives. You should also have a plan for how to effectively manage your funding, which is where your financial strategy comes into play. Administrative costs. Fundraising costs.

Build 82

Build Nonprofit Fund Goal 82

sgEngage

JANUARY 19, 2023

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Like an emergency fund for your organization, an operating reserve allows you time to make data-driven decisions instead of having to react immediately.

Foundation 52

Foundation Build Fund Review 52

sgEngage

APRIL 19, 2022

With grant-giving in the billions of dollars annually , grant disbursements warrant oversight and review. This list will help you ensure there are no conflicts of interest and to learn who at the organization has governance responsibilities. One way to do this is to review the Board package from two to three recent Board meetings.

Practice 78

Practice Review Foundation Grant 78

Blue Avocado

JULY 9, 2024

” Here’s a summary of some of the best answers we received: Early Struggles with Donor Management I wish we’d been better at tracking the details on the donors sooner: How they know about our organization (knowing a board member, advisor, volunteer, intern, one or more of the above, etc.),

Tools 82

Tools Strategy Nonprofit Charity 82

Qgiv

JULY 24, 2024

An effective nonprofit board can help your organization raise more money and make a more meaningful impact on your cause. This collaboration helps create a unified front that drives your organization forward. They must stay informed on your organization’s activities and participate in decision-making processes.

Guide 52

Guide Model Nonprofit Roles 52

.orgSource

MAY 29, 2023

Organizations of all stripes were quick to issue statements confirming their commitment to diversity, equity, and inclusion. On the other hand, these barriers may be preventing some organizations from moving their ideals to action. Gather information and resources from organizations that are successfully implementing programs.

Associations 221

Associations Reflection Leadership Policy 221

sgEngage

OCTOBER 17, 2022

You’ve read about participatory grantmaking—and maybe even heard about other organizations using this model to distribute control of their funding strategy and grants decisions to the communities they serve. The first step is to identify the person who will get your organization excited about and ready for this new approach.

Participatory 122

Participatory Model Leadership Application 122

sgEngage

JUNE 9, 2023

Grant management is the comprehensive process of overseeing all activities related to grants: from identifying recipients, to awarding funds, to reporting on outcomes all while maintaining compliance with regulatory requirements. Table of Contents Grant Lifecycle Who Handles Grant Management for Grantmaking Organizations?

Grant 52

Grant Management Award Guidelines 52

sgEngage

DECEMBER 1, 2022

The application process is an organization’s first real look at how you work with grantees. It’s also your chance as a foundation to see if this organization is a good fit for your program. Organization Background and Experience. Financial Health of the Nonprofit Organization. Program Description. Sustainability Plan.

Proposal 92

Proposal Evaluation Grant Application 92

sgEngage

JANUARY 13, 2023

Operations at Headwaters Foundation for Justice , a foundation that invests in grassroots organizations across Minnesota, were humming along well. The social justice organization supported Black and Indigenous people through grantmaking with an annual budget between $2 million and $3 million. But that also presented a challenge.

Philanthropy 92

Philanthropy Community Time Blackbaud 92