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Your Unrestricted Funds Need Stewardship, Too

sgEngage

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. What Are Restricted Funds? What are Unrestricted Funds?

Fund 87
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Ultimate Guide to the Community Services Recovery Fund

CauseVox

The Government of Canada has rallied behind nonprofits with its historic Community Services Recovery Fund. Sign up for Community Services Recovery Fund tips and updates: We will be launching free resources to help with the application process in the coming days and weeks. Applications are due on February 21, 2023.

Fund 96
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How To Write An Impactful Nonprofit Annual Report

Eric Jacobsen Blog

Consider these audience sectors when writing your report: Donors Volunteers Community leaders Future board members Supporters (in-kind) Elected officials Potential partners, grant funding entities Allow three to four months to prepare your report : Create and outline Gather an organize content Engage your management team Design Review/Proof Print Distribute (..)

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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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Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

Without that, the SOA can misrepresent the financial health of the organization and lead to future funding issues. Often, this leads to large audit adjustments, budget vs actual reporting difficulties, and other funding challenges. Broadly grouped expenses or revenues can obscure the allocation of funds across different programs.

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

Candid

foundations in a given year (see chart below). Why we use the Foundation 1000 sets for trends analysis As illustrated in the chart above, the Foundation 1000s’ grantmaking is much more stable over time compared to the broader grant data set. private and community foundations. private and community foundations. Pledges are excluded.

Analysis 116
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2023

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.