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A crash course on trends analysis using Candid’s Foundation 1000 data set 

Candid

One of the most common reasons people analyze Candid’s grant data is to understand year-over-year giving trends in the sector. To do so, it’s easy to assume that the best place to start is with as much data as possible. Instead, we rely on a data set called the Foundation 1000. foundations in a given year (see chart below).

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Back to Basics: How to Set Up Your Nonprofit Chart of Accounts

Blue Fox

Introducing the Chart of Accounts (COA) Are you ready to nerd out on nonprofit accounting? Introducing the Chart of Accounts (COA) - the foundational accounting tool every nonprofit leader needs to get right for maximum financial insight and awareness. What is a Chart of Accounts? It’s just that important.

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Five myths and misconceptions about Candid’s grant data

Candid

At Candid, our mission is to get you the information you need to do good. This also means clearing up mis information when we come across it. In service of this, in this blog, we’re highlighting five things we’ve heard about our grants data that aren’t quite accurate. Myth 1: “Candid grants data” is the same as “990 data.”

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Don’t Let Staff Turnover Affect Your Grantmaking Data Quality

sgEngage

As a grantmaking organization focused on the success of your grantees, it is essential to have a process in place to manage personnel changes—for both you and your grantees—so everyone stays informed and on schedule. Record that institutional knowledge in an accessible Policies and Procedures manual.

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Your Unrestricted Funds Need Stewardship, Too

sgEngage

The Importance of Transparency for Nonprofits Knowing where your money went—and having the reporting to confirm it—helps you make better data-driven decisions and build more trust with your funders. You don’t know what you’ve accomplished, and you don’t have the information you need to get better at what you do.”

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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

sgEngage

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.

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Association 4.0—A Playbook for Success

.orgSource

Understand Your Customers Using data to develop a deep and empathetic perspective on members/customers is at the heart of digital transformation. Teri Carden, Founder of Review My AMS and 100 Reviews, explains how some of her association clients are using their data to address member needs. View customers as individuals.