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Creating a Nonprofit Budget that Propels Your Fundraising
Do you have a background in finance? Me neither.
One of the most important things she taught me was that financial management is not only about the accuracy of the numbers but also about using those numbers to discover trends that will inform your business decisions. Your numbers tell a story about your organization – and when you understand how to read your numbers you can run a better business.
I love volunteers . . . I really do!
I love volunteers - when I started in nonprofit years ago I was that volunteer working a 50-hour-a-week corporate job who went home and worked another “full-time job” by volunteering for a nonprofit. Looking back, I don’t know how I did it - but I was super passionate about the mission (and single at the time!). Better yet, there were probably 10-15 other core volunteers working alongside the team - their energy really catapulted the mission and organization through those initial sticky start-up processes and early years.
But, once the organization was fully up and running with a few full-time staff members, I found it increasingly harder to use volunteers. There were timing issues, not-quite-the best-fit issues, and areas where well-meaning volunteers lacked expertise. I struggled with this - aren’t nonprofits built off the backs of volunteers?
Nonprofit Form 990: Friend or Foe?
When I started in nonprofit years ago I had no idea what a Form 990 was - all those numbers and check-boxes seemed like a lot of painful information for someone to fill out. Frankly, I didn’t understand what most of it meant. I’ve put off filing because of “more important” business and have admittedly filed a few extension myself.
But that was before I understood the importance of this little gem of a document.