Government grant funding can provide meaningful support for nonprofit missions, but it also brings significant financial responsibilities. Regulators increasingly scrutinize grant funding, implement evolving regulations, and demand measurable outcomes, shaping today’s grant environment. Nonprofits receiving public funding must document how
Requests for transparency and accountability keep growing with the demands that contributions be used as intended. You need to track and report on segregated accounts, treating funds as separate entities with their own general ledgers. More than 20 years ago,
Getting your nonprofit funded is no easy task. The best thing to keep in mind is to diversify. Tap into multiple funding sources, such as donations, grants or online fundraising, to get the best results. Remember, diversifying your efforts does
Your accounting and development departments are central to the continued financial health of your not-for-profit. So what happens when communication between these two functions break down? It could result in conflict between staffers, inaccurate financial statements and, in a worst-case
Current financial pressures mean that your not-for-profit probably can’t afford to pass up offers of support. Yet you need to be careful about blindly accepting grants. Smaller nonprofits that don’t have formal grant evaluation processes are at risk of accepting
Want to increase your not-for-profit’s revenue? First try analyzing current income as a professional auditor might. Then, you can apply your conclusions to setting annual goals, preparing your budget and managing other aspects of your organization. Compare contributions Compare the