Nonprofit Businesses

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How to Draft a Fundraising Strategy for Your Nonprofit

Setting out to raise funds is a lot easier when you have a guide to follow. After you analyze your nonprofit’s fundraising potential, take the following steps to create a fundraising plan for your organization [more…]

How to Contract with an Independent Consultant for Your Nonprofit

You need to have a signed contract with every consultant with whom you work for your nonprofit. It’s a good idea to have a basic understanding of what these contracts should look like. These points should [more…]

How to Construct Your First Nonprofit Budget

In many nonprofit businesses, the annual budget is made by looking at what happened in the preceding year and adjusting numbers up or down based on the work that lies ahead. When you’re starting something [more…]

How to Document Goods and Services Donated to Your Nonprofit

Some nonprofit organizations benefit from donated goods and services rather than, or in addition to, contributed and earned cash. Suppose that a local business provides office space for your organization [more…]

How to Create Budgets for Nonprofit Programs or Departments

If you resemble many nonprofit organizations, you manage several programs or departments. Each of these programs has a budget that must fit within the overall budget for your nonprofit organization. [more…]

How to Work with Your Nonprofit Budget

Your nonprofit budget isn’t capable of getting up and walking out of the room, but it needs to be an “active document.” If you simply create it once a year to keep in a file folder and submit with grant [more…]

How to Project Cash Flow for Your Nonprofit

A cash-flow projection is a subdocument of your nonprofit budget that estimates not only how much money you’ll receive and spend over the course of a year but also [more…]

What to Do if Your Nonprofit Doesn’t Have Enough Cash

Your nonprofit probably won’t have more income than expenses in every single one-month period throughout the year. During some periods, you get ahead, and at other times, you fall behind. Your goal is [more…]

How to Borrow Money for Your Nonprofit

One route to managing cash shortfalls is to borrow the money you need to cover the bills for your nonprofit business. Your cash-flow statement can help you plan the size and duration of the loan you need [more…]

How to Keep Your Nonprofit’s Books Organized and Current

After you’ve created a budget, you need to set up a system for keeping consistent, organized records of your nonprofit financial information. You may choose to do your bookkeeping by hand or with accounting [more…]

How to Prepare Your Nonprofit’s Financial Statements and Conduct an Audit

Budgets and cash-flow statements predict your nonprofit organization’s financial future. But you also need to review each year’s annual income and expenses in a financial statement. When your nonprofit [more…]

How to Read Your Nonprofit’s Financial Statements

Audited or not, prepared by you or by a bookkeeper or accountant, your nonprofit organization needs to produce financial statements, and it’s critically important for you and your board members to understand [more…]

How to Get a Full Understanding of Your Nonprofit’s Financial Health

At the year’s end, when you’ve completed the financial statement for your nonprofit, review the following points, either as a board or within the board’s finance committee. You can ask different questions [more…]

How to Collect Money Online for Your Nonprofit

A key first step to raising money for your nonprofit through the Internet is to add a “donate now” button to your organization’s website. If you have good technology support and a website that includes [more…]

How to Keep Good Records about Donors to Your Nonprofit

Before it starts to raise money, you need to set up a system for keeping timely records on all of your nonprofit’s donors. This system usually is a Microsoft Excel spreadsheet or a specialized electronic [more…]

How to Move from a Nonprofit Fundraising Strategy to an Action Plan

A good nonprofit fundraising plan includes the practical details that move it from being a list of goals, contacts, and costs to being a road map for your fundraising direction. The following steps help [more…]

How to Budget for Nonprofit Fundraising

As you probably already know, raising money costs money. No nonprofit organization receives every grant or gift that it seeks. So before you put your fundraising plan into action, you need to make sure [more…]

How to Raise Funds for a New Nonprofit Organization

One tried-and-true rule of nonprofit fundraising is that people give money to people they know. They also give money to causes they care about. However, making a contribution is an expression of trust. [more…]

How to Design a Nonprofit Event to Fit the Budget

Special events for your nonprofit can be produced on bare-bones budgets, for princely prices, or for any amount in between. As with most kinds of investments, event planners expect a higher return in exchange [more…]

How to Create a Budget for a Nonprofit Fundraiser

The bottom line is very simple: Your nonprofit organization’s total earnings from a special event must exceed your total cost — by a lot, you hope. But how do you get a handle on revenue and expenses? [more…]

How to Solicit In-Kind Gifts for Your Nonprofit Fundraiser

When you think about what your event will cost and how your nonprofit can pay for it, think about the business contacts that your board, staff, and outside supporters have. Often, a business’s contribution [more…]

How to Write a Telemarketing Fundraising Script for Your Nonprofit

Every nonprofit fundraising call should open with a clear, direct, personal greeting: “Hello, Mr. I’m-Getting-the-Person’s-Name-Right, I’m Ms. Call-a-Lot, and I wanted to talk to you about the Scenic Overlook [more…]

How to Coach Tele-Fundraising Volunteers for Your Nonprofit

Telemarketing can be an excellent board or volunteer group effort. If someone involved with your nonprofit organization works in an office that has multiple telephone lines, see whether you can borrow [more…]

How to Create a Case Statement for Nonprofit Fundraising

A case statement is a tool nonprofits often use when asking for a contribution. It’s a short, compelling argument for supporting the nonprofit that can be presented as a brochure, one-page information [more…]

How to Identify Potential Nonprofit Donors Using Circles of Connection

Circles of connection is a common brainstorming exercise that nonprofit organizations use to identify possible individual donors. This exercise is most effective if both staff and board members participate [more…]

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