The “Fuzzy Math” section includes tips about better bookkeeping and financial transparency. The idea behind the Nonprofit Grant Proposal Budget Template is to solidify your nonprofit’s standing regarding its eligibility for funding. Additionally, this spreadsheet not only allows you to report on your nonprofit’s progress either on an annual or quarterly basis. The summary table at the very bottom will help you see how you’re tracking as far as year-to-date, and year-to-date budget totals go. Ready to see how Givebutter can help you stick The Key Benefits of Accounting Services for Nonprofit Organizations to your budget and accomplish your mission?
- Thus, it is essential to take note of the incoming and outgoing of the organization’s acquired funds to achieve the objectives as set by the organization.
- Now that you know what should be included in your nonprofit budget, it’s time to start creating one.
- For example, your goal for 2025 can be to increase fundraising revenue by 20% to support a new educational outreach program.
- A pie chart provides a quick breakdown view of your resource allocation (e.g., national marketing, local marketing, public relations, social media, etc.).
- It will also keep your donors informed as it is rather important that you have a certain level of transparency with them.
How to use these nonprofit budget templates
By doing so, you can keep an eye on your big-picture forecast with the assurance that every detail of your accounting is in order. With this comprehensive annual nonprofit operating budget template, you’ll get quarter-by-quarter and yearly insights into income and expenses. To calculate year-end budget totals, contrast income (e.g., sales, contributions, fundraising, etc.) with expenses (e.g., office equipment, transportation, utilities, etc.). Whether you are just starting out or are looking to improve your existing budgeting process, nonprofit budget templates are the perfect tool for you and your organization. Annual budgets play a very important role in knowing where a company stands.
Get Organized and Save Time with Free Nonprofit Templates
The above template example is of a university that has provided a sample budget made out of actual proposals. A detailed chart is provided in the template keeping in mind the various sources through which revenue is coming in and the sources through which the revenue is going out. So an efficient working budget plan can be made by large organizations using this as an example. Having a https://nerdbot.com/2025/06/10/the-key-benefits-of-accounting-services-for-nonprofit-organizations/ detailed plan, such as a nonprofit budget sample for each program or fundraising activity, helps you maintain transparency and meet donor expectations.
- As you walk through your event list, add the amounts you’ll need to make each one happen.
- In this guide, you’ll walk through the essentials of budgeting for nonprofits, covering different budgeting methods, best practices, and key components.
- The Nonprofit Program Budget Template by Spreadsheet Daddy is perfect for specific program expenses.
- Their on-the-ground perspective will help forecast realistic program costs and identify cost-saving opportunities.
- To learn more about taking control of your nonprofit’s finances, watch our free video, Seven Lessons Learned from Nonprofit Leaders.
- For most nonprofits, some programs may be financially self-sustaining or even generate a surplus.
What is an Operating Budget for a Nonprofit?
So the budget document has to have the names of all the different origins of debt. This way, you will know how much you have to pay off to debtors, and you can set that money aside. When you are going to mention your expenses, it is pretty obvious that you also mention your income and the sources of income. This should be mentioned compulsory so that you can calculate the total income of your nonprofit organization gets.
- Be sure to include these expenses if the organization needs to rent or maintain a physical location for its operations.
- You’ll also want to get a clear idea of your revenue streams to understand where your money is coming from.
- Seamlessly analyze your company’s profitability and identify areas for improvement.
- Program-specific budgets detail the income and expenses related to a specific initiative, such as a youth mentoring program, a community food bank, or an educational campaign.
- Once you have your budget, compare the predicted numbers to the actual figures every month in order to look for differences and establish why they occurred.
- After all, sometimes you have a boost in revenue, or get hit with a pesky unexpected expense.
It is very easy to edit and can be easily customized as per your needs. Every nonprofit has operating expenses, program expenses, and fundraising expenses of some kind. Like with your revenue, we recommend splitting them into categories within your nonprofit budget template. This’ll help you monitor changes and identify opportunities to save money from your total expenses. Generally speaking, there are two ways to organize expenses in your nonprofit’s operating budget.
Nonprofit Budget Templates
Moreover, you can easily edit this budget template according to your preferences and convenience. For a more convenient integration of your changes, it is best to use Google Sheets. You can add or remove categories, adjust budget amounts, and update actual expenses as you receive financial statements or make payments. In our collection, you can find perfectly designed non-profit budgeting form templates that help you track your income and expenses efficiently.
Nonprofit funding: A beginner’s guide
This means that the money behind the balance you see in your account is held at a reputable bank, and most importantly, is protected for you in the event of Currencycloud’s, or our, insolvency. Currencycloud stops safeguarding your funds when the money has been paid out of your account to your beneficiary’s account. If you’re managing a multiple six- or seven-figure budget, asking a financial expert for help is always a good idea. For example, if you are seeking a $10,000 grant with a 75% chance of being awarded, adjusting the revenue forecast to $7,500 accurately reflects the projected income. Make your goals SMART—specific, measurable, actionable, relevant, and time-bound. If you want to move into a new office space this year, you can estimate the rent.
Sometimes it is best to keep things simple when introducing information on a non-profit organization’s financial status. That is why this simple non-profit budget template is something that you will definitely need if your intention is to introduce the information in the quickest and simplest way possible. If you are going to be listing down the expenses, then next would obviously be the total amount of income that your nonprofit organization acquires. Be sure to list down all of the different sources, as well as pointing out as to whether they are regular or irregular.
