CAN's finance and accounting programs are designed to to measurably improve the accuracy, consistency and clarity of financial reporting, thus reducing time and financial costs and improving accountability and public trust in California's nonprofit sector.

Another goal of this program is to promote a dialog and create a community of nonprofit finance professionals so please post questions and comments!

Wednesday, February 13, 2008

Where Does the Money Come From?

It is time for another edition of the Nonprofit Blog Exchange, where a blogger writes about another blogger's site.

If you are The Finance Person in your nonprofit do you know how the income is generated for your nonprofit? Someone has to bring in the money so we can manage it. The finance staff plays a key roll in assisting those who bring in the funds your group needs to function.

From budgets to reporting, finance and fundraising need to work together to make sure all the bases are covered. Are we asking for enough funding? Does the proposal's budget narrative match the budget numbers? Are the numbers in our financials accurate? Do they accurately tell the story (in numbers) of our organization? Are the funds received restricted? If yes, in what way?

But where can we go to get information about fundraising? A good place to start is Seeking Grant Money Today. There you will find some really good basics from the real world of grant writing. For example "How Do We Tighten Up Our Grant Proposal?" And "How to Coordinate the Executive Director, the Board, the Volunteers and the Staff to Successfully Raise Grants." And "Top 10 Grant Money Myths."

I asked CAN's Deputy Director to look at this blog and she responded, "Most books and classes just tell you how to research, write and submit a grant. They don't tell you how to figure out if you're ready for the world of grants yet or not, how to manage the submission and building process, how to get the whole staff involved in the process or how to take a serious red pen to your first draft. This is really good, real-world stuff."

So there you have it, good stuff to be found there.

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