a quick guide to nonprofit budgeting
DESCRIPTION
Budgeting season. It's a four letter word at most nonprofit organizations because it requires countless spreadsheets, getting non-finance staff to think about finance, and infinite revisions. There's got to be a better way, right? This presentation discusses best practices for nonprofit budgeting. It provides tips, tricks, and practical advice that will turn your budget into a positive four letter word..."Done."TRANSCRIPT
![Page 1: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/1.jpg)
A QUICK GUIDE TO NONPROFIT BUDGETING
Jeff Sobers Senior Product Marketing Manager
Blackbaud, Inc.
![Page 2: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/2.jpg)
WHY BUDGET?
![Page 3: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/3.jpg)
GOAL SETTING
![Page 4: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/4.jpg)
BOARD OVERSIGHT
![Page 5: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/5.jpg)
FINANCIAL CONTROLS
![Page 6: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/6.jpg)
THIRD PARTY STAKEHOLDERS
![Page 7: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/7.jpg)
QUALITIES OF AN EFFECTIVE
BUDGET
![Page 8: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/8.jpg)
REALISTIC
![Page 9: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/9.jpg)
CONSISTENT
![Page 10: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/10.jpg)
FLEXIBLE
![Page 11: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/11.jpg)
MEASUREABLE
![Page 12: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/12.jpg)
WHO SHOULD BE INVOLVED?
![Page 13: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/13.jpg)
BOARD OF DIRECTORS
![Page 14: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/14.jpg)
UPPER MANAGEMENT
![Page 15: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/15.jpg)
DEPARTMENT MANAGERS
![Page 16: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/16.jpg)
STAFF AT OTHER LEVELS
![Page 17: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/17.jpg)
REVENUE-GENERATING STAFF
![Page 18: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/18.jpg)
BUILDING THE BUDGET
![Page 19: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/19.jpg)
CREATE A BUDGET COMMITTEE
![Page 20: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/20.jpg)
DEFINE THE BUDGET TIMELINE
![Page 21: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/21.jpg)
ESTIMATE THE COSTS REQUIRED TO ACHIEVE OBJECTIVES
![Page 22: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/22.jpg)
ESTIMATE THE EXPECTED AMOUNT AND DATES OF REVENUE
![Page 23: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/23.jpg)
COMPARE THE EXPECTED DATES AND AMOUNTS OF REVENUE
TO EXPECTED EXPENSES
![Page 24: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/24.jpg)
DEVELOP THE FINAL BUDGET
![Page 25: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/25.jpg)
PRESENT THE BUDGET TO THE BOARD FOR APPROVAL
![Page 26: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/26.jpg)
SETTING BUDGET PRIORITIES AND
REALITIES
REVENUE
![Page 27: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/27.jpg)
PUBLIC CONTRIBUTIONS
![Page 28: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/28.jpg)
GRANTS AND RESTRICTED FUNDS
![Page 29: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/29.jpg)
OTHER REVENUE
![Page 30: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/30.jpg)
REVENUE SUMMARY
![Page 31: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/31.jpg)
SETTING BUDGET PRIORITIES AND
REALITIES
EXPENSES
![Page 32: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/32.jpg)
DIRECT PROGRAM COSTS
![Page 33: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/33.jpg)
CAPITAL EXPENDITURES
![Page 34: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/34.jpg)
INDIRECT OR OVERHEAD COSTS
![Page 35: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/35.jpg)
IN-KIND CONTRIBUTIONS
![Page 36: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/36.jpg)
EXPENSE SUMMARY
![Page 37: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/37.jpg)
WHEN TO BUDGET
![Page 38: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/38.jpg)
CHANGES TO THE BUDGET
![Page 39: A quick guide to nonprofit budgeting](https://reader033.vdocuments.site/reader033/viewer/2022060123/55976cda1a28abd5318b47a0/html5/thumbnails/39.jpg)
WHAT QUESTIONS DO YOU HAVE?
Jeff Sobers Twitter: @jeffsobers
www.slideshare.net/jsobers1