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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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Pop the champagne: This year Candid’s grants data set turns 21!

Candid

Candid’s grants data set currently includes comprehensive information about over 30 million grants and other philanthropic transactions, such as pledges, in-kind gifts, program-related investments, etc. This typically resulted in about 900-1,300 funders represented and 100-150k grants collected in a given year.

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The Better FAFSA: What Colleges Need to Know Right Now

sgEngage

The Free Application for Federal Student Aid—commonly known as FAFSA®—is the form current and prospective college and career school students must fill out each year to qualify for federal financial aid, whether that be in the form of grants, loans, or work-study funds. More information: What’s Changed for the 2024–25 FAFSA® Form?

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Money for your nonprofit: Writing a grant proposal

ASU Lodestar Center

While most nonprofits find funding from a variety of sources, one of the staples of charitable support comes in the form of grants. Consequently, nonprofit professionals should be well versed in crafting and compiling well-written grant proposals. If you referenced any visuals – pictures, charts, tables, graphs, etc. –

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Ultimate Guide to the Community Services Recovery Fund

CauseVox

They are securing more donors and creating new methods for obtaining grants, individual and corporate contributions. We believe that this is an incredible opportunity for charities and nonprofits in Canada to receive grants to build up their people, process, and systems with no strings attached. The minimum ask is $10,000.

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Happy New Year? It depends what nonprofit “year” you’re talking about.  

Candid

The chart below shows the percentage of nonprofits that have fiscal years ending in each month. At Candid, fiscal year is the primary way that we organize and analyze grants and fiscal data. This refers to the year—or more—that it takes the IRS to collect and process Forms 990. February 1,592 0.31 March 6,409 1.27 April 4,150 0.82

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Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

The Statement of Activities—commonly referred to as an SOA—is one of four essential financial statements for nonprofit organizations. How to Avoid: Organizations should consider adopting the Unified Chart of Accounts for Nonprofits (UCOA). It offers a comprehensive overview of revenue and expenses over a specific timeframe.