Successful non-profits don't just slap some figures on a website and call it a day. Instead, they carefully consider how much they will spend on programming and where the money will come from to carry out their purpose. They adhere to a well-defined methodology to guarantee that the presumptions utilized to develop their budgets are reliable. The result is a budget that acts as their annual roadmap for making decisions. https://soundcloud.com/ateet-kapadia-146770172

1. Welcome to Our Presentation
Ateet Kapadia

2. Exceptionally Effective
Nonprofits: Seven
Habits

3. Successful non-profits are not a coincidence; rather, they are the
consequence of prudent financial management techniques being
used by the leadership. By forming the next seven financial habits,
you can make sure that your nonprofit can successfully carry out
its objective and is a responsible steward of donor money.

4. Successful non-profits don't just slap some figures on a website
and call it a day. Instead, they carefully consider how much they
will spend on programming and where the money will come from
to carry out their purpose.

5. Successful nonprofits are aware of the costs associated with their
initiatives. Their accounting systems are set up to allow them to
assign spending to specific initiatives so they can correctly report to
donors how their funds are being used and make wise judgments
about how to function more effectively.

6. Lack of funding does not surprise effective non-profits. They
have a decent notion of how much money will be available at
any given time to pay for both running costs and
programming activities.

7. Successful nonprofits push against people who consistently recommend
cutting overheard. Instead, they understand that general operating costs
(competitive wages, fringe benefits, rent, office supplies, technology, etc.)
finance the foundation that allows the business to perform at its highest
level.

8. Successful non-profits always have enough operational
reserves on hand to last at least six months. They are prepared
for the unforeseen loss of a significant contribution or the
unforeseen requirement to devote more resources to the
accomplishment of a program objective.

9. The board of directors and employees of effective nonprofits are
trained in financial literacy. Although board members and employees
do not necessarily need to have CPA-level financial literacy, they do
need to grasp financial terms and be able to read and analyze
financial reports to help them make decisions.

10. Thank You For Your
Time