Budgeting 101 for Nonprofits

Though often overlooked, a nonprofit’s budget is a guide that can help the organization plan for the future as well as assess its current financial health. Analysis and careful planning can make a big impact on a nonprofit’s revenue stream. Detailed budgeting can be intimidating, but it is the foundation of a successful development program and sustainable nonprofit organization. It is also the main tool for an executive director to use to work with the board of directors, motivate employees, fulfill organization’s goals, and to be able to make strategic decisions if there is an event or crisis that deeply impacts revenue.

During this session, we will walk through setting up a detailed budget for both revenue and expenses with a focus on overall development efforts. We will look at broader expenses such as staffing and innovative ways to decrease expenses without impacting services. Please bring a copy of your budget and/or finances — not to share — but to be able to work through real numbers and concepts.

Spaces are limited. Registration is required by calling the Carnegie Library of Pittsburgh - Nonprofit Resource Center at 412.622.6277. For more information, please either call or email foundation@carnegielibrary.org.