If you are a nonprofit organization looking to improve things in the future, the first thing is to ensure that you know what the future holds and devise a good strategy to address the concerns. While forecasting may not be correct always, as in the case of 2020, which remains the most challenging year for fundraisers as it is for all industries, predicting the future still has many benefits. In this article, we give tips on steps to take in preparation for 2021.
After working as an accountant, CPA and CFO for a number of years - founder and developer of Grant Budget Manager, Rick Perrin began to consult for Wisconsin Early Childhood Association and found that they had unique budgeting needs. He quickly learned that this problem wasn’t unique just to this nonprofit. In fact, all nonprofits small or large face the same budgeting and forecasting issues due to the uncertainty of grants and the continuous fluctuation of donations. With his background in finance he set out to create a tool that would make budgeting and forecasting easy for small to mid-size charities.
The summer comes with new opportunities to take advantage of, and amazing weather for outdoor fundraising events. Although the winter is often the best time to fundraise, summertime can equally get you the money you require for your nonprofit. Since donors are usually on vacation during summer, you have to step up your game to make the most out of your fundraising events.