Budgets are the foundation of nonprofit finance and are vital to your organization’s strategic planning and management. Budgeting can seem overwhelming, but it doesn’t have to be.
Nonprofit finance may seem like a game you can only play once you know the rules and the secret handshake. In reality, once you know the conditions and terminology, you will realize how simple and essential it is to your work and the health of your organization.
This outline for a social enterprise business plan is a guide for research, planning, and writing a business plan for nonprofit social enterprises.
Your nonprofit work has certain knowable costs. Costs for staff, costs for property and equipment, costs for programs. Sound nonprofit finance means determining, accounting for and allocating those costs properly. It also helps in your fundraising efforts to know how much a program will truly cost your organization.
Learn more about how cost allocation helps you understand your true program costs with our e-study.