I’m back at it again this week with more on budgets. Today, I want to talk about the nonprofit annual budget.
Now, I know there’s a lot of really great advice out there about nonprofit financials, and I’m not here to reinvent the wheel or repeat what’s already been said.
Instead, I want to talk to you about how your annual budget fits into your grant strategy.
In case you don’t already know me, I’m Dr. Krista Kurlinkus, and I am a grant writing consultant and the creator of Grant Writing Made Easy. So, I’m going to stick to my zone of genius and talk to you about grants and annual budgets.
In this video, I’m answering your questions about
- Grants and nonprofit annual operating budgets
- What grantmakers are looking for
- Actions you can take today
Nonprofit annual operating budget action steps
Dedicate some time this week to take stock of your nonprofit’s financial documents.
- Do you have a current and projected budget?
- Is your projected budget aligned with your organizational goals?
- Do you have a bookkeeping software that allows you to categorize expenses that match what you’ve outlined in your budget?
- Does your bookkeeping software allow you to restrict funding that comes in?
If you don’t have an annual budget, start one. Again, having a budget is one of the keys to being grant ready.
It doesn’t have to be complex to start.
And if you haven’t read my last post (or watched my last video), check it out for some help on how to categorize your administrative expenses.
I share more on how to create a nonprofit annual budget in Module 5 of Grant Writing Made Easy. If you’re already a member, see Module 5 and remember that you can submit your budget for review during one of our twice-monthly writing workshops.
If you haven’t joined the course yet, I invite you to do so!
