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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. How to Avoid: Organizations should consider adopting the Unified Chart of Accounts for Nonprofits (UCOA).

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The Better FAFSA: What Colleges Need to Know Right Now

sgEngage

Video from FSA FAFSA Simplification Act Changes – Summary from FSA Top 5 Improvements Coming with the Better FAFSA from the National College Attainment Network What has not improved? Now, families will have a much clearer estimate before and during the process and fewer Pell Grants should go unclaimed.

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How to Retain Your Year-End Donors

Neon CRM

The Donor Retention Rate Formula If donor retention is a priority for you, it’s important to know how to calculate and track your donor retention rate. Keep this formula handy—you’ll want to periodically calculate your donor retention rate to make sure you’re on track. Let’s take a look. Make the most of these receipts!

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A Beginner’s Guide to Nonprofit Financial Reporting

Greater Giving

Knowing where your nonprofit currently stands financially can help you prepare for future growth, set overarching goals, and chart a course for upcoming multi-year initiatives. Financial Statements Your nonprofit tracks a lot of financial data day to day, from bank statements to donation records to purchase receipts. Risk management.

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Markets for Good Post: Design A Better Dashboard

Beth's Blog: How Nonprofits Can Use Social Media

A focus on the bar charts without taking the time to understand the challenges and open up creative thinking will not inspire organizational buy-in which is so important. Tracking for Impact and Learning. How has your organization achieved buy-in from staff or senior leaders about what data to collect for impact tracking?

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The Accounting Basics Every Nonprofit Team Member Should Know

NonProfit Hub

Unless the designation is lifted by the giver, these funds need to be tracked separately to ensure they are used for their intended purpose. Often, the P&L is compared to the organization’s budget and/or the P&L of the previous period so performance can be tracked. . Think of this in terms of a pie chart, not a donor list.

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NTEN Leading Change Summit #14lcs: Reflection

Beth's Blog: How Nonprofits Can Use Social Media

Last week I facilitated the “ Impact Leadership Track ” at the NTEN Leading Change Summit with John Kenyon, Elissa Perry, and Londell Jackson. Our track was one of three tracks for participants to dive deep into a topic and learn from peers through dialogue. Photo by Trav Williams. Here’s what we did: 1.