Nonprofit leaders have a lot on their plates, including serving members and the community, motivating volunteers, complying with state and federal regulations, and creating and monitoring accounting processes. Since many organizations rely on grant revenue to fund their missions, managing one, two, or several grants becomes a time-consuming, overwhelming task that can’t be avoided.

Sorting through your operating budget is probably not high on your favorite parts about running a nonprofit. However, it is integral to running a successful operation. With the busy holiday season still months away, now is the perfect time to take a closer look at your nonprofit’s finances.

In today’s business world, data is king. The nonprofit world is no different. That’s why getting comfortable using KPIs is so important.

In this article, I’ll explain what exactly is a KPI and which KPIs you should be using to track the success of your nonprofit.

For nonprofits handling multiple grants at a single time, it is easy for things to fall through the cracks. As an accountant, I encourage all my clients to really focus on building processes that help improve efficiency and reduce errors. This is true for both your accounting operations and grant management!

If you own a nonprofit you likely are aware of the challenges that come with finding tools and workers with experience in your industry. Not every app is designed for our needs and can be missing essential features you need in order to run your operations as efficiently as possible.

Grants do present a series of unique challenges. Researching and writing grants proposals is only half the battle. Once your organization has been given any foundation support, these funds must be carefully managed and tracked.