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A template by the American Society of Association Executives for writing your own Request for Proposal (RFP) for Outsourced Accounting Services.
Financial Management
Reporting Requirements for Nonprofits with State Grant Funds is a quick, helpful summary table for reporting requirements for nonprofits with state grant funds. Additionally, for online reporting, the N.C.
Not sure how to thank your donors? Use the templates below to guide your message, which include sample language for chartiable event ticket purchases, capital campaigns, and determining the fair market value of a gift in exchange for a donation.
Most grantors require a final project report, including a financial report. This sample illustrates a final financial report outlining budgeted expenses, actual expenses and the expenses allocated to that particular funding source. (Maine Association of Nonprofits)
Appropriate document retention is important for a nonprofit's compliance with state and federal law, while balancing the need for managing storage space (both physical and digital). A clear policy for staff can prevent the innocent destruction or disposal of documents.
See this sample spreadsheet for tracking the bids and information for firms you are considering for your audit, after you’ve sent your request for proposals (RFP). You should provide your audit committee with information about the partners and firms that you are considering. You will also want to ask the firms for references from other nonprofits in your area.
Advice based on dozens of interviews with leaders who've gone through hard times and on related texts and articles to encourage leaders to share the burden of managing financial difficulties.
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the N.C. Center for Nonprofits, www.ncnonprofits.org.
Overhead. Administrative costs. Indirect costs. Whatever term you use, the perception of these costs by the public and by donors is one of the greatest sources of frustration for nonprofit professionals. But there is hope on the horizon, as explained in this article from the N.C. Center for Nonprofits' Common Ground publication.
The board of directors is responsible for hiring, and establishing the compensation (salary and benefits) of the executive director/CEO by identifying compensation that is "reasonable and not excessive," but that also is attractive enough to retain the best possible talent to lead the organization.
Translate your annual operating budget into a detailed cash flow projection over the course of a fiscal year with the templates below.
Cash Flow Template (Propel Nonprofits)
Cash Flow Projection Template (Nonprofit Finance Fund)