Tuesday, 29 Oct 2013, 03:00PM
At Numbers 4 Nonprofits we help manage money with mission. A critical component of managing your nonprofit’s money should be annual budgeting. Too often organizations are approving budgets that are “same as last year” or worse, no budget at all. We recommend nonprofits go through zero-based budgeting and consider all your major sources and uses of funds going into the coming year. Understanding the all the costs (particularly personnel) needed to achieve your mission and matching that with expect grants and donations is essential for the long-range success of the organization. Beyond the budget, your organization also needs to understand how the cash flows from each revenue source in order to avoid a cash pinch. Our 35-minute presentation should be interactive and will show the simple tools we use to manage this process with our nonprofit clients.