Reading Nonprofit Financial Statements: What’s in the Equity Section? We’ve talked about nonprofit assets (what your organization has) and we’ll get to liabilities (what you owe). This post will dig into the part of the balance sheet that often raises the most eyebrows in nonprofit board meetings: Equity. Also called Net Assets, the equity section […]
So your organization just finished a strategic planning process—congrats! You’ve got goals, a timeline, and a vision for the future. Now comes the part that makes it real: the budget. A strategic plan without a thoughtful, grounded financial plan is like trying to drive across the country on a quarter tank of gas. To make
Nonprofit Budgeting to Support Strategic Planning Read More »
When you hear the word assets, you might think of valuable things like buildings, bank accounts, or maybe even a dusty upright piano in your community center. But on your nonprofit’s balance sheet, assets aren’t just a list of “stuff you own”—they tell an important story about your financial health, sustainability, and capacity to fulfill
Let’s be honest: budgeting probably wasn’t the reason you started a nonprofit. You’re here to change lives, not crunch numbers. But here’s the good news—a strong budget isn’t about restrictions; it’s about freedom. Freedom to focus on your mission, seize opportunities, and sleep soundly knowing your finances are working for you, not against you. This
The Statement of Cash Flows shows how cash moves in and out of your nonprofit over a specific period. Unlike the Statement of Activities (which focuses on revenues and expenses) or the Statement of Financial Position (which shows assets and liabilities), this report provides insights into the actual cash available to keep your organization running.
The Balance Sheet, often called the Statement of Financial Position, summarizes what your nonprofit owns (assets), owes (liabilities), and the net assets (equity) that remain. It’s a critical tool for assessing your organization’s financial stability and capacity to sustain its mission. What are the Key Components of the Nonprofit Balance Sheet? Assets: Assets are resources
Understanding Nonprofit Balance Sheets and Financial Statements Read More »
Grassroots nonprofits play a critical role in our communities, often operating with limited resources but driven by a strong mission. To support their work, many turn to fiscal agents—organizations that provide essential financial oversight, administrative support, and compliance assistance. Here’s an outline of the key responsibilities of fiscal agents and how they help grassroots nonprofits
Fiscal Agents: Responsibilities for Grassroots Nonprofits Read More »
Effective financial management is the backbone of every successful nonprofit. At Nonprofit Numerics, we’re committed to helping you not only manage your finances but also streamline your processes. One of the most impactful ways to achieve this is by architecting QuickBooks to ensure effortless dataflows into all your nonprofit documentation. Benefits of Seamless Dataflow For
Architect QuickBooks for Data Flows into Nonprofit Documentation Read More »
Understanding your nonprofit’s financial statements is crucial for making informed decisions and ensuring your organization’s sustainability. In this first part of our series, we will break down the Income Statement—one of the most essential financial statements for your nonprofit. Understanding the Nonprofit Income Statement The Income Statement, also known as the Statement of Activities, provides
You’ve likely developed your nonprofit organization’s budget for this fiscal year, but what comes next? How are you tracking it and transforming it into a powerful management tool rather than letting it collect dust on a shelf? Here’s how to turn your budget into a proactive tool that drives your nonprofit’s success throughout the year.
8 Ways to Turn Your Budget Into A Proactive Management Tool Read More »
