Tracking and understanding your finances is critically important to the success of your nonprofit. It might seem simple, but there are many potential pitfalls:
Grants have different periods, often with no relationship to your fiscal year.
Costs of carrying out grant projects need to be correctly identified and reported.
IRS requires that costs for Program, Management and Admininstration, and Fundraising be reported separately.
Timely and accurate tracking of your 'restricted', 'temporarily restricted' and 'unrestricted funds is critical to successful management.
Tax withholding, reporting and payments from wages needs to be timely and accurate.
Each grant has its own repoting requirements.
Failure to submit annual tax returns to IRS can result in revocation of your 501(c)3 status.
Problems with cash-flow management, budgeting or internal controls can lead to major problems in implementing your programs.
Our knowledge and experience can help you solve these problems and focus on the things that matter for your program. The process starts by contacting us. We will meet and talk and decide together if we want to proceed.
Then our Exective Director will begin the process of working with you to fully understand your organization - what you do, how you do it, where your money comes from, how you spend it and what your plans for the future are. While nonprofits have many similarities, there are also many differences and we need to know your organization well because your success will be our success.
Donors are the lifeblood of most nonprofits, but it can take a lot of time and effort to keep them happy, expand the number of donors and ensure that we are raising enough money to keep your organization viable.
There's plenty of software out there that promises to help you solve all these problems, but who has the time to figure out which one is right and use it effectively? You've got a thousand things to do and you don't need one more.
That's where we come in. We have the experience and know-how necessary to implement a solution for you. We'll help you maintain your donor database, enter your data accurately and on time, ensure your acknowlegement letters go out in a timely manner, help integrate your offline and online fundraising and help build your mailing lists.
We can help take the burden off your shoulders while providing you with training and online access to your database of donors and potential donors.
Your data remains yours at all time and is not mixed with data from other nonprofits. But because we support more than one nonprofit, we can provide these services at reduced rates.
As with Financial Management, the process starts by contacting us. We'll work with you to develop a package of services that is right for you.
Fundraising and Donor Management
Running a succesful nonprofit organization can be harder than it looks. Basic fundraising, grant writing, board management, accounting and reporting, writing policies, websites, social media and others all demand your attention. When do you get to focus on your mission?