Remove Activism Remove Foundations Remove Nonprofit Accountability Remove Nonprofit Finance
article thumbnail

Nonprofit Finances: A Quick Guide for Nonprofit Growth

Nonprofit Megaphone

Considering these budgets separately takes into account some of the intricacies of nonprofit accounting like restricted funds. For example, you might receive funds from: Grants provided by companies and foundations. Nonprofit finances can be challenging to understand. Contribute to your reserve fund.

Finance 52
article thumbnail

How to Manage Payroll for Your Staff: A Nonprofit Guide

Top Nonprofits

Track their activities, including: Hours worked Overtime, if applicable Rate of pay According to Foundation Group’s 501(c)(3) status revocation guide , keeping complete and accurate financial records is the best way to protect your organization against noncompliance issues—and this includes employee data!

article thumbnail

What is Financial Forecasting and Why Does it Matter to Nonprofits?

The Charity CFO

It’s your guide for how you plan to spend and receive funds, kind of like a financial blueprint for the year’s activities. By projecting revenues and expenses, nonprofits can develop realistic budgets that align more closely with their goals and priorities. It’s not set in stone like your budget.

Finance 52