For larger organizations, nonprofit consultant and author Joan Garry outlines an innovative strategy to creating a budget that is meaningful and realistic for all the stakeholders within your organization – board, fundraising staff/volunteers, and program staff/volunteers:
For nonprofit board members, Blue Avocado and Jeanne Bell, CEO of CompassPoint offer a good guideline for how to break-out of the break-even budgeting trap:
For Executive Directors, Nonprofit Quarterly offers an outstanding article from Kate Barr, Executive Director of the Nonprofit Assistance Fund and Jeanne Bell, CEO of CompassPoint, outlining eight key business principles to move from financial management (collecting and producing data) to financial leadership (guiding your nonprofit to financial sustainability):
And, for anyone who is new to budgeting, wants to ask questions about his/her nonprofit budget “live”, please join Spokes for our Budgeting Basics class on Friday, December 8th from 9am to Noon.
Happy Calculating – er, Holidays!