article thumbnail

Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

Ensuring compliance and accuracy in your financial reporting involves several key actions: Regularly review the latest guidelines and summaries provided by authoritative bodies on revenue recognition of grants and contracts. As the leader of a nonprofit, you must stay on top of updated standards or hire an accountant who does.

article thumbnail

How Data Analysis Can Help Nonprofits Reach Major Donors

sgEngage

According to the 80/20 rule in major donor fundraising, 80% of a nonprofit’s total revenue comes from the top 20% of its donors—and for some nonprofits, this might even be closer to a 90/10 ratio. For example, you might send a summary of your last annual report over email rather than reciting it over the phone.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Tips to Cultivate Major Gift Prospects with Data Analysis

sgEngage

According to the 80/20 rule in major donor fundraising, 80% of a nonprofit’s total revenue comes from the top 20% of its donors—and for some nonprofits, this might even be closer to a 90/10 ratio. For example, you might send a summary of your last annual report over email rather than reciting it over the phone.

article thumbnail

Finding a Nonprofit Partner: Who is the Right One?

BoardAssist

Conduct a financial analysis of each nonprofit (and of your organization). In addition, this analysis may be useful for partner meetings down the road in which major concerns may be voiced. This will aid in identifying any financial weakness, which depending on the severity, may force you to discard a candidate from the list.

article thumbnail

7 Practical Tips for Engagement with a Higher Purpose On Social

Beth's Blog: How Nonprofits Can Use Social Media

Here’s a brief summary of the tip with a link to the full post with more tips. Guy notes that the ideal ratio of peoples’ comments to your responses is one-to-one. John Haydon did this pattern analysis of different types of questions that nonprofits ask on Facebook.

Practice 107
article thumbnail

Enhancing Your Major Gift Fundraising Strategy with Analytics

Connection Cafe

When embarking on a comprehensive analysis of your database, be sure to keep your goals and objectives first and foremost. Fundraisers should also analyze how much idealized potential exists for a proposed campaign by calculating the low, middle, and high end of capacity ranges, thus weighting “hit rates” or yield ratios.

article thumbnail

NpTech Tag Cross Blog Discussion: What do those guidelines look like?

Beth's Blog: How Nonprofits Can Use Social Media

It would based on an analysis of all the "words" or tags that people have used to describe resources also bookmarked with nptech. Do you read the summaries? " In the comments of Gavin's post , Marnie describes how an emergent NpTech taxnomy might be developed. " What do those guidelines look like?