Ep. 216: Key Differences Between a Nonprofit's Program vs. Administrative Budget

Grant Writing & Funding

THE DOORS CLOSE TO THE FREELANCE GRANT WRITER ACADEMY ON OCTOBER 24TH. CLICK HERE TO JOIN FOR THE FINAL TIME IN 2025: https://grantwritingandfunding.com/academy

Key Differences Between a Nonprofit's Program vs. Administrative Budget —------------------------------------------------------ ✨💌 Visit www.grantwritingandfunding.com for the Hub Haven Grant Writing Resources 💌✨ 👉💰🖥️ Grant Writing Master Course: Get sample grants, logic models, videos, and more. Start to write winning grants! https://grantwritingandfunding.com/grant-writing-master-course/ 🖥️🔥 👉 Want to get paid to write grants? Join the Freelance Grant Writer Master Course to launch and grow a freelance grant writing business: https://grantwritingandfunding.com/freelance-grant-writer-course/ 🤗☕👉 Want to increase funding strategies for your Nonprofit? Join the Nonprofit Strategic Planning Master Course to schedule out your year and to increase diverse funding strategies: https://grantwritingandfunding.com/nonprofit-strategic-planning/ ———————————————————————————— What We Discuss In This Episode: ✨ Difference between a program and operations budget ✨ How to account for In-Kind in your Budget ✨ Recommended software for nonprofit accounting ✨ The importance of operating reserves for your nonprofit ✨ Yes, you can have profit in your account at the end of the year ✨ How to be fiscally transparent ✨ About the Lupus Foundation ✨ Damien’s journey to summit the 7 peaks to raise awareness for Lupus ✨ Why it can be good to outsource accounting ✨ How often to meet with your accountant Damien Scott, owner of My Summit CFO an accounting and tax practice based in Pennsylvania with clients across the United States. He is also the founder of a non-profit called The Seven Summits of Lupus, an organization devoted to spreading global awareness of Lupus and a nationwide program called The Lupus Warrior Outdoor Adventure Program. He is a financial professional and as a leader in a non-profit organization with an MBA in Accounting and over 23 years of experience assisting business owners in reaching their summit. Damien believes that all entrepreneurs need and deserve a competent guide in order to navigate the intricacies of this ever-changing business environment. Damien draws on his 23 years of experience, education and his mountaineering background in order to guide his clients to increased revenues and greater cash flow to elevate your business to new heights. When Damien is not assisting you in reaching new heights, he is traveling the world on a quest for the Mountaineers Grand Slam, to reach the highest peak on each of the 7 continents (also known as the 7 Summits) and a traverse of the North and South Poles. Find out more at: https://grantwritingandfunding.com/216 Favor, please? If you love this podcast, would you please do me a favor and leave a review on iTunes or your podcast listener?