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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?

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5 Questions to Ask Your Fund Accounting Vendor

sgEngage

You’d see that the software tracks restricted funds the way you need it to. But you do have good critical thinking skills, and by getting answers to a few specific questions from your current or potential fund accounting vendor, you can better understand if their system will help your organization grow—or hold you back.

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8 Grant Research Tools for Nonprofits

Nonprofit Tech for Good

According to the Giving USA 2022 Report , giving by foundations to nonprofit organizations grew by 3.4% The websites listed below can help your nonprofit search and apply for grant funding. Candid :: candid.org/find-funding. Devex :: devex.com/funding. Government. in 2021 to $90.88 Plans & Pricing.

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The Ultimate Guide to Accounting Software for Nonprofits

Nonprofit Tech for Good

Instead of generating a profit that can be disbursed to shareholders or reinvested in the business, nonprofits funnel their revenue into things like research funding, program expenses, outreach, and work that directly impacts their mission. Others receive grant funding from governmental agencies, private foundations, and community funds.

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A Beginner’s Guide to Nonprofit Financial Reporting

Greater Giving

Your organization’s ability to further its mission depends not only on successful fundraising , but also on allocating your funds so you can cover all of your expenses while setting your nonprofit up for long-term sustainability and growth. Reporting is a key aspect of nonprofit financial management. Let’s get started!

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

sgEngage

From creating a financial cushion to clearly managing your financial reporting, your finance team can create a strong foundation to help you weather whatever the new year has in store. 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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Don’t Jeopardize Your Nonprofit Compliance with a Commercial Accounting System?

sgEngage

Grant-funded nonprofits know compliance isn’t a nice-to-have. If all your Ts aren’t crossed and your Is aren’t dotted on your grant reporting, your chances of repeat funding from that entity are low. When your accounting system is not built to handle restricted funding , each report can feel like a fire drill.

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