Nonprofit organizations are tasked with the significant challenge of pursuing their missions while maintaining financial stability. Often, the pressure to do more with less can lead to unfocused efforts and limited results. In these situations, a powerful tool called a…
Hiring a Salesforce Business Analyst for Your Nonprofit: The Essentials Whether you’re a nonprofit in its early stages or a well-established organization, Salesforce can be a pivotal tool for managing relationships and increasing your impact. However, to fully harness the…
As a nonprofit leader or executive, managing expenses and budgets is essential for your organization’s success. In this article, we’ll dive deeper into the features, benefits, and differences between two popular expense management solutions: Divvy and Expensify. Our goal is…
Operating reserves play a crucial role in the financial stability and long-term sustainability of nonprofit organizations. These liquid, unrestricted assets are listed on a balance sheet as “Net Assets Without Donor Restriction,” following the 2018 Financial Accounting Standards Board (FASB)…
Why Financial Responsibility Matters Financial responsibility is essential for nonprofits of all sizes. By fostering a culture of transparency and accountability, you’ll empower your entire team to contribute to the organization’s financial success. Let’s explore ways to create this culture…
With a vast array of financial management tools available in the market, it can be overwhelming for nonprofits to determine which ones work well together and fit their budgets. In this article, we’ll explore the financial management software tools we…
As a vital part of our society, nonprofit organizations provide valuable services and support to those in need. However, just like any organization, nonprofits require a financial cushion to guarantee their long-term sustainability. This is where operating reserves come in….
Nonprofit operating reserves represent the unrestricted funds an organization has set aside to help maintain financial stability and weather unforeseen challenges. They serve as a safety net, allowing nonprofits to continue functioning during economic downturns or when faced with unexpected…
Embarking on an office renovation project can be daunting, especially for those who are new to the process. This article will guide beginners through the crucial aspects of a successful office renovation, ensuring that the project is accessible, ADA compliant,…
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