SCORE Developing a Nonprofit Budget

ALL businesses, including nonprofit organizations, need a comprehensive budget. As a best practice, nonprofits monitor their budgets all year, but give strict attention to their budgets prior to their year-end - - which makes November an opportune time to complete this vital task. This class is appropriate for new nonprofit founders, board members, Executive Directors, and administrators. What you’ll learn: • How to create a winning program budget • How to forecast of income and expenditures • How to adjust budgets when applying for funding • Key budgets commonly used by nonprofit organizations. • The three major financial statements and their purpose. • The difference between direct and indirect costs. • How the budget is organized and proper use of the budget. Our Presenter is Cheryl Smith. Cheryl Smith is an American grant-writer, nonprofit trainer, and consultant. She has been in the nonprofit industry for over 25 years, and as the CEO of Dewlyn Nonprofit Services, Cheryl helps over 3,000 nonprofit organizations build sustainability through training, coaching, and grant-writing. Cheryl is also the author of the book, “21 Ways to Fund a Nonprofit.” She is a member of the American Grant Writers' Association; a nonprofit trainer for SCORE chapters across the U.S., as well as a guest speaker for many public, private, and Faith-Based Organizations. Broadly, Cheryl’s specialty is building capacity in people and organizations, and helping them to reach their highest and best potential.