Oppelt Insights

Let's talk
How to Make Sure You Always Have More Money than Month financial management for executive directors

I know what it’s like - sweating the finances – when not as much money is coming into your nonprofit when it was expected to come in. Government payments are delayed yet you are still expected to run the programs they fund. Grants were submitted later than anticipated. A major gift...

Continue Reading...
How to Ask for Enough Grant Money financial management grant writing

Crafting a budget is often then hardest part of grant writing. It was for me when I first started. I was a program developer, not an accountant. When accounting created the budgets, they had costs I didn’t recognize. And when I crafted them, accounting invariably added expense lines. Which...

Continue Reading...
How Much Does It Cost You to Raise Money? development planning financial management for executive directors

The usual nonprofit fundraising strategies generate revenue through individual giving, foundation requests, corporate contributions, special events, and government contracts. Each comes with its own set of financial costs and benefits.

Raising Money from Individuals

According to Giving USA,...

Continue Reading...
Simple Strategies for Achieving Nonprofit Financial Sustainability financial management

Let’s be clear here. Profit and wealth accumulation are not dirty concepts in the nonprofit arena. They are needed constructs if you want your agency to get ahead.

Making a Profit

All making a profit means is a realization of positive net income, that is, revenues coming in are greater than...

Continue Reading...
The Never Ending Discussion Between Development and Accounting; Counting versus Accounting financial management work relationships

By  Kathleen M. Clayton, CPA 

Scene One

Development Director, “I just got this huge pledge! Closing in on my budget, maybe I’ll get a bonus.  Put it in my donor data base already.  I need to let accounting know.”  Walking over to accounting department...

Continue Reading...
Common Budgeting Mistakes NOT to Make – And the Easy Solutions that Will Revolutionize Your Fundraising Results financial management for executive directors

 

One of the most difficult tasks an executive director undertakes is to get his or her nonprofit financially stable and grow. The task is especially hard during times of economic distress, when money is hard to come by and the need for services rises exponentially. To get your agency on a...

Continue Reading...
How to Set Good Revenue Goals Amidst COVD-19 development planning financial management for executive directors

In some nonprofits, the fundraising goal is determined by a budget deficit. Expenses are set first, then committed revenues are put in. The deficit is the fundraising goal for the year. For other nonprofits, the annual fundraising goal is last year’s budget increased by whatever percentage....

Continue Reading...
How to Rebuild Your Nonprofit’s Finances During COVID-19 financial management for executive directors

We’ve all been hit hard by COVID. Every nonprofit I know has experienced some kind of negative financial impact because of the pandemic. Expenses went up as cleaning guidelines got stricter. Your nonprofit may have had to invest heavily in personal protection equipment. Revenues are down as...

Continue Reading...
Optimizing Your Fundraising Resources evaluation financial management

In Measuring Overall Fundraising Performance we talked about the difference between gross and net income and how net income is a better indicator of fundraising success than gross income. We also discussed influencing the relationship between the amount of donations and number of donors. In Data...

Continue Reading...
1 2 3