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10 Considerations for Creating a Budgeting Process

sgEngage

That includes both the budget and the process for creating it. In addition to reviewing and updating your nonprofit operating budget each year, your financial team should also regularly evaluate your process for creating that document. What Does a Nonprofit Budgeting Process Include?

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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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5 Tips for Community Health Centers to Transition to New Fund Accounting Software

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The right fund accounting software can save you time and streamline your processes. In a small, grant-funded organization, you might not have these skills and that’s ok! Name a point of contact who sees the big picture. You’ll also want someone who is familiar with compliance, especially GAAP and FASB.

Fund 92
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Don’t Jeopardize Your Nonprofit Compliance with a Commercial Accounting System?

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Grant-funded nonprofits know compliance isn’t a nice-to-have. You might be able to win back an unhappy donor with a new program or event, but grant funders usually don’t get excited about silent auctions. Adhering to requirements and guidelines is how you establish trust with the granting agency so you can get additional funding.

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Where are the 2019 (and 2020) 990s? On filling the gaps in Candid’s grants data

Candid

Add in six-month filing extensions and IRS processing time, and it can be two years before we receive all the returns for a specific year. To date, there are still millions of returns from 2019 that have not yet been processed. To date, we’ve collected data on more than 125,000 grants for 2020 and 2021, most of it from non-IRS sources.

Grant 141
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

sgEngage

Tip 1: Categorize your revenue types, such as fundraising, grants, and earned income. Make Sure You’re Ready for Your Next Government Grant Government grants are a great addition to any nonprofit’s balance sheet. If you are not prepared for the requirements, a government grant can create more problems than they solve.

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Data as Decision in Grantmaking

sgEngage

Building knowledge is a social process where we make meaning together. Data is part of the tracking and monitoring innate to grantmaking and can be part of intentional organizational learning processes. However, datamaking has added power because it can beused to deepen strategic social processes of foundation-funded change.

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