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Blogs

11
Apr
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Can Nonprofits Make a Profit? The Answer Might Surprise You

When people hear the term “nonprofit,” they often assume these organizations can’t—or shouldn’t—make money. But the truth is more nuanced. Yes, nonprofits can generate profits, but how they use those funds is what sets them apart. Let’s break down the myths, legalities, and smart strategies for financial sustainability.   1. Nonprofits Can Earn a Profit (Here’s […]
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10
Apr
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Top 10 Financial Resolutions for Nonprofit Leaders 🎯🍾

Why Make Financial Resolutions? New year, new mission momentum! Financial resolutions give nonprofit leaders laser focus, sustainability, and bigger impact. It’s more than just numbers—it’s about clarity and a future-ready organization.   1. Prioritize Financial Transparency 👀   2. Build (or Boost) Your Reserve 💰   3. Strengthen Internal Controls 🛡️   4. Upgrade Financial Tools 🛠️   5. […]
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03
Apr
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3 Ways to Improve Your Nonprofit’s Financial Transparency

Financial transparency isn’t just a best practice—it builds trust with donors, strengthens credibility, and ensures compliance with regulations. Yet, many nonprofits struggle with unclear financial reporting, leading to skepticism or even lost funding. Here are three actionable strategies to boost your nonprofit’s financial transparency—starting today.   The Problem: Many nonprofits only share basic IRS Form […]
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27
Mar
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3 Common Bookkeeping Mistakes Nonprofits Make (And How to Fix Them!)

Running a nonprofit is rewarding, but poor bookkeeping can lead to financial chaos, compliance risks, and even lost funding. Many organizations—especially small nonprofits—struggle with the same avoidable mistakes. Here are the top 3 bookkeeping errors nonprofits make and practical solutions to fix them. Mistake #1: Mixing Personal & Organizational Finances 🚨 The Problem: Using a […]
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12
Mar
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How to Create and Manage a Nonprofit Budget: A Step-by-Step Guide

Running a nonprofit requires careful financial planning to ensure sustainability and mission success. A well-structured budget helps you allocate resources efficiently, meet donor expectations, and comply with legal requirements. Here’s a practical guide to creating and managing a nonprofit budget effectively. Why a Nonprofit Budget Matters A budget is more than just numbers—it’s a roadmap […]
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