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 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 […]
Fifty percent of your operating budget should come from individuals. You need a fundraising “event” every month.