A sample audit committee description, which includes the purpose and primary responsibilities of its members.
Sample or Template
A template by the American Society of Association Executives for writing your own Request for Proposal (RFP) for Outsourced Accounting Services.
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.
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)
Analyzing Financial Information Using Ratios - Nonprofit leaders seeking to understand their organization's financial situation usually start by reviewing the financial reports. Beyond understanding the reports, much can be learned from analysis of the information and interpretation of what it is telling you. For a more technical financial analysis, rations can be used to deepen understanding and interpretation.
Developing and adopting a written financial policy is a valuable practice for any nonprofit organization, no matter how small or large. Financial policies clarify the roles, authority, and responsibilities for essential financial management activities and decisions. In the absence of an adopted policy, staff and board members are likely to operate under a set of assumptions that may or may not be accurate or productive. If the idea of creating a financial policy seems daunting, these guidelines for policy development and this downloadable basic example may be helpful.
Establishing good fiscal policies and procedures is more of an investment of time and attention than money. There is no “one size fits all” template that will work for all organizations. This guide offers a recommended structure for policies and procedures as well as some questions to guide you in considering what is best for your organization. (CompassPoint, 2012)