Get fiscally fit: Budget tools for strong nonprofits

Looking ahead in 2015, it’s critical for afterschool and youth-serving nonprofits to take stock of their budgets.  Organizations with strong financial management are better able to fulfill their missions and deliver high-quality services.  That’s why The Wallace Foundation has teamed up with Fiscal Management Associates and created an online library of resources to help your organization become "fiscally fit."

Do you have the funds to accomplish what you have said you will?  Find out with the Nonprofit Cost Analysis Toolkit, a step-by-step guide to determining the full costs of programs.  Is 2015 the year when you’ll have the budget flexibility to start that new initiative you’ve been excited to try?  There are multiple tools targeting organizations looking toward expansion so that you can prepare to extend your reach.  Are you operating as efficiently as you could be?  Read up on best practices for nonprofit budgeting and cost-cutting ideas to streamline your budget.

As your organization sets its goals and priorities for the New Year, visit StrongNonprofits.org to take advantage of The Wallace Foundation’s full library of free financial management resources.  Building your organization’s financial health in 2015 will ensure that you’ll be making a difference for years to come.