Mission and Money
This phrase describes the challenge nonprofits face in balancing purpose and sustainability
What is balancing mission and money?
These are the guidelines outlined in the reading that help leaders manage finances responsibly.
What are the 12 Golden Rules of Nonprofit Finance?
These two words define core values essential to public trust in nonprofits.
What are accountability and transparency?
This involves safeguarding funds and reviewing financial activity.
What is financial oversight
This financial cushion helps nonprofits weather emergencies.
What are reserves?
This is the primary focus nonprofits must keep front and center
What is mission?
This term refers to planned income and expenses over a set period.
What is a budget?
This term identifies the moral dilemmas nonprofits face.
What are ethical issues?
These documents summarize financial condition and performance.
What are financial statements?
This basic tool helps nonprofits anticipate timing of income and expenses.
What is cash flow?
Nonprofits are guided by this type of financial model, which differs from corporate ownership.
What is the nonprofit financial model?
This process describes how a nonprofit builds its spending plan.
What is budget development?
What is budget development?
This sector wide resource provides benchmarks for responsible practices.
What is the Independent Sector Accountability Checklist?
This accounting method records revenue when earned, not received.
What is accrual accounting?
This type of funding requires tracking and reporting to funders.
What is a grant?
These two sectors share financial tools but differ in purpose.
What are nonprofit and for-profit organizations?
This refers to tracking money coming in and going out over time.
What is cash flow management?
These laws shine a light on the need for open access to nonprofit information.
What are sunshine laws?
This external review helps ensure accuracy and compliance.
What is a nonprofit audit?
Following written rules helps ensure funds are used correctly and ethically.
What is compliance?
This question asks whether nonprofits should generate surplus revenue.
What is should a nonprofit make a profit?
Funds limited by a donor for specific purposes are called this.
What are restricted funds?
Internal rules that guide financial conduct are called this.
What are nonprofit financial policies?
These groups evaluate nonprofits and share ratings with donors.
What are nonprofit watchdog organizations?
What are nonprofit watchdog organizations?
This case study applied financial principles to a youth organization.
What is the Kid Zone Youth Center example?