FUNDRAISING EXPENSE REPORT TEMPLATE HOW TO
FUNDRAISING EXPENSE REPORT TEMPLATE SOFTWARE
FUNDRAISING EXPENSE REPORT TEMPLATE PROFESSIONAL

The fundraising budget should include projected income that you can accumulate from admission fees, gifts from donors, grants from an association or club, etc.

FUNDRAISING EXPENSE REPORT TEMPLATE HOW TO

Return to the Internal Reports Introduction page for links to greater detail on how to read various reports as well as recommended formatting.5 Steps to Create a Fundraising Budget Step 1: Estimate the Projected Income Bear in mind that high mission-relevant programs may not always be the biggest money makers. the income it attracts, and how relevant the activity is to core mission. How much is being spent on the activity vs. Board and management can later analyze the return on mission for each activity. Organizations with more than one program may wish to assign direct and shared expenses across several programs for a better understanding of their business model.Īssigning expense line items to activity classes allows an organization to know both what its resources are being spent on and for what purpose. Generally Accepted Accounting Principles (GAAP) and the IRS 990 require nonprofit organizations to allocate expenses among three activity classes: program, management, and fundraising. or a community service organization may want to track food, shelter, and medical expenses. For instance, a theatre group may want to budget for and track expenses for costumes, scenery, lighting, sound, etc. If specialized supplies and materials are needed to conduct programs, you may also want to have a grouping for Program Specific Expenses. Travel, Parking and Accommodations (local and long distance, vehicle rentals, etc.).

FUNDRAISING EXPENSE REPORT TEMPLATE SOFTWARE

Office and Miscellaneous (postage and shipping, printing and copying, telecom and Internet, website maintenance, software licenses, etc.).

Occupancy (rent, utilities, security, custodial, refuse, etc.).

Equipment, Depreciation, and Repairs (observe capitalization thresholds for purchases).

Business and Organizational (bank and credit card fees, interest, insurance, filing fees, staff development and recruitment, advertising, etc.).

FUNDRAISING EXPENSE REPORT TEMPLATE PROFESSIONAL

Contractors and Professional Fees (program contractors, consultants, accountants, lawyers, etc.).Salaries and Related Expenses (gross salaries, payroll taxes, unemployment, health/other insurance, workers comp, retirement, etc.).The best practice for greatest accuracy is to name line items clearly with commonly understood word meanings rather than to use jargon or vague names subject to interpretation.ĭetailed line items can be grouped to allow for summary reporting, for example: Make an effort to ensure that the program and finance staff use the same line-item names to mean the same thing – this may take some negotiating. Misalignment between budget and accounting line items necessitates tedious regrouping of numbers for budget comparison reports and can lead to over-spending of accounting line items not represented in the budgeting process. This is especially true for expense line items.

It is important to have the accounting line items in your accounting software match the line items in your budget template.

The SOA shows the nonprofit organization’s revenue, expenses, and net revenue (surplus or deficit) for a specific period of time, all or part of a fiscal year. The Statement of Activities (SOA) is the correct nonprofit term for what we may have commonly called the income statement, budget report, profit & loss, income and expense report, etc.

Fundraising expense report template