article thumbnail

Raise the Board’s Financial IQ

.orgSource

A healthy balance sheet is the source of innovation, impact, and engagement. Allow plenty of time on the agenda for the financial staff to explain when and how statements will be available, review banking, investment, and auditing arrangements, and answer questions. Be sure to review important policies and procedures.

Raise 419
article thumbnail

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. It automates and facilitates these comparisons, allowing for more efficient monitoring and decision-making.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Candid

In comparison, our Foundation 1000 data set is limited to grants of $10,000 or more awarded by a set of 1,000 of the largest U.S. Finally, because the Foundation 1000 represents a much smaller subset of grant data, it is possible to review the data more thoroughly. What is the Foundation 1000? private and community foundations.

Analysis 116
article thumbnail

Why Event Vendor Partnerships Matter

Greater Giving

Event Vendor Guide Series: Selecting, Negotiating, and Managing Partnerships for Nonprofit Fundraisers Welcome to the first installment of our Vendor Series, where we unravel the intricacies of orchestrating impactful non-profit fundraising events. Request references and reviews to gauge their reliability and the quality of their services.

article thumbnail

We’re 39 percent similar; how can we be exponentially better?

Candid

This waste adds to the overhead for a nonprofit, distracting from the impact sought by their mission and adding to their unfunded operational costs. In this blog post, we'll review the research results, discuss implications, and identify the soul-searching needed to move forward in new alignment with our values. Want to see more?

Grant 111
article thumbnail

Top Lessons from GivingTuesday 2023

Neon CRM

Let’s take a look at the impact of what we call the “Generosity Experience”—the overall trust that a supporter has when interacting with a nonprofit’s marketing, revenue, or impact activities. As we’ll outline below, the time of day our clients sent emails on GivingTuesday did not have a direct impact on when donors made gifts.

Lesson 52
article thumbnail

3 Steps to Finding the Right Technology Vendor for Your Nonprofit

Everyaction

Stretching resources to maximize output and impact is the name of the game for organizations working to make a difference in the world on limited budgets. Quantify values to help compare When possible, assign number values to desires and compatibility to aid in comparison. Get it all in front of you.