Reply To: Nonprofit Reserves: The Real Deal – Questions for Panelists


    # 1 – How do you feel about using reserves to invest in expansion and enhanced program quality as evidenced by a proposed budget loss.

    # 2 – We are an afterschool program that teaches self confidence, positive thinking, healthy living, and physical activity – running. As all afterschool activities were cancelled we had to cancel our programs for both spring and fall. We refunded all fees that were paid for the cancelled program. Our reserves, coupled with strong Board and donor support along with support from the PPP and ERTC programs, were sufficient to carry us through this period. We resumed program activity in 2023 at about have the participant level as before the pandemic.

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