The COVID-19 pandemic has left many nonprofits in a quandary. How do we budget for next year? Creating a bottom-up budget would not be a responsible means of budget creation because costs that are usually fixed, such as rent and utilities, fluctuated in FY2019-2020. Examining this year’s variable costs — or the costs that depend […]
Why fundraise now? From human services to arts & culture, you fill a void and need to be proud of that. You need to focus on sustainability. Your clients depend on you. Your staff needs you. You still have bills. You are part of the global economy. Your work creates security and livelihood. Livelihood creates […]
Why Now? Nonprofits have been canceling events. Organizations are sending employees home to self-isolate. Government and private funders require receipts or proof that the nonprofit spent money on programs. Grants tend to be bound by restrictions on program execution and timeframe. Grant-dependent organizations will be the hardest hit. What Can You Do? Understand. Nonprofits operate […]
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Your organization needs to increase net assets in order to grow programs and stay ahead of inflation.