Dana-B-Forum-Moderator
Forum Replies Created
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Hi Kristin – Thanks so much for posting here. If you haven’t already, I’d encourage you to access our current resources that include key considerations for each of the nonprofit business models (linked here): https://nonprofitfinancials.org/courses/five-non-profit-business-models-series/
As it relates to your question, determining what model will work given the current economic environment and your org’s capacity (and how to make any necessary changes to your current model) depends on a lot of factors including your access to flexible liquidity and reserves, your core mission, the expertise and structure of your staff, your current systems and infrastructure, your other revenue sources and your social capital and relationships. After taking a look at the linked materials, and if it’s helpful, feel free to reach out to me and I’d be happy to jump on a quick call to discuss further: dbritto@cultivarconsulting.com
nonprofitfinancials.org
The 5 Nonprofit Business Models Revealed - Nonprofit Financial Commons
Our Featured Seminar Series On The Big Five Nonprofit Business Models Revealed.
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Hi Crystal – I encourage those in our community with direct experiences with calculating and negotiating ICRs to share their thoughts and input here. But in the interim, the National Council of Nonprofits has some helpful tips https://www.councilofnonprofits.org/articles/consider-adding-federally-negotiated-indirect-cost-rate-your-revenue-portfolio?gad_source=1&gclid=CjwKCAjwgfm3BhBeEiwAFfxrG7YWyOKrP6_rjNPSf7kPP3CCqKXj6usKEgmwKRBUCbnR5YzcpD5GOBoC3tAQAvD_BwE
councilofnonprofits.org
Consider adding a federally negotiated indirect cost rate to your revenue portfolio
You may want to consider adding a federally negotiated indirect cost rate agreement (NICRA) to your revenue portfolio, because it can add more resources.
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Hi John – Thanks for posting. Charities Review Council has a template that you might find helpful here: https://smartgivers.org/wp-content/uploads/2016/12/Sample-Travel-and-Entertainment-Reimbursement-Policy.docx
Definitely curious to hear from others as well!
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Hi Ron, I’m not sure if you’ve already filed for and secured your 501c3, but regardless the Center for Nonprofit Resources has some good resources and key considerations for starting a nonprofit. Hope this helps!
https://c4npr.org/getting-help/starting-a-nonprofit/
c4npr.org
Starting a Nonprofit - The Center for Nonprofit Resources
Every day, individuals like you are inspired to start a nonprofit to help serve your community. Starting and sustaining a nonprofit are not easy tasks, but we applaud your commitment to helping others. With more than 3,300 registered nonprofits in … Continue reading
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Hi Bob – I would tend to agree with Wade around Excel. Especially if you’re using FundEz as your accounting system, which doesn’t always integrate nicely with other softwares. I’m hoping Excel can give you enough flexibility and capability to budget by Cost Center while also factoring in restricted funds tracked in FundEz.
