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Operating Reserves with Nonprofit Policy Examples
Operating reserves should not be used to cover a long-term or permanent income shortfall. Reserves can allow an organization to weather serious bumps in the road by buying time to implement new strategies. To be prudent, reserves should be used to solve temporary problems, not structural financial problems.
True Program Costs: Program Budget and Allocation Template and Resource
While the long-term goal for nonprofits is not to return profits to shareholders, we all know that nonprofits are business entities that need to maintain financial health and stability in order to achieve their mission. Understanding the true, full cost of delivering various programs and services in the community is a critical piece of the management puzzle.
Cost Allocation Primer Video
Your nonprofit work has certain knowable costs, such as costs for staff, costs for property and equipment, and costs for programs. Sound nonprofit finance means…