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Nonprofit Finances: A Quick Guide for Nonprofit Growth

Nonprofit Megaphone

Considering these budgets separately takes into account some of the intricacies of nonprofit accounting like restricted funds. That’s why you make investments in fundraising software, event venues, and marketing to promote your upcoming fundraising campaigns. Nonprofit finances can be challenging to understand.

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Opportunity! Nonprofit Communications Jobs

Getting Attention

Please post YOUR nonprofit marketing job here: Featuring jobs with nonprofit organizations, grantmakers, B Corps, and agencies and other vendors serving nonprofits. Account Coordinator, Digital Fenton Communications (Washington, DC). Business Development Manager Nonprofit Finance Fund (New York, NY).

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4 Best Practices for Managing Advocacy Group Finances

Top Nonprofits

However, to effectively manage finances for your advocacy group, you’ll need a budget that reflects your goals and funding. For example, planning a grassroots campaign requires spending on marketing efforts, while building partnerships with other organizations may incur event-related costs.

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How to Manage Payroll for Your Staff: A Nonprofit Guide

Top Nonprofits

Despite their tax-exempt status, nonprofits must still follow certain tax requirements when managing staff payroll, such as filing Form 990. According to Double the Donation’s nonprofit accounting guide , nonprofits must also issue Form 1099 to contract workers who are paid at least $600 for their services.

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5 Nonprofit Cash Management Statistics & Trends for 2024

Top Nonprofits

If your organization falls into that 60%, you have a great opportunity to start building an impactful investment portfolio through low-risk, highly liquid strategies like treasury bills and money market accounts. However, typical savings accounts have a strict limit on how much FDIC coverage you can receive. Share This Post!