Nonprofit organizations require a good amount of revenue in order to start running its operations. That being said, one must take into account both the amount of revenue needed and expenses that have to be made. That is why it is important to know how to create a nonprofit budget and this article will teach you how you may do so.
11+ Nonprofit Budget Templates
1. Nonprofit Budget Template
In the event that you are required to come up with a nonprofit budget document, then you can always choose to download this template. You can use programs such as Microsoft Excel or Apple Pages to open and edit the template. Once you’ve done that, then you simply need to make the changes until it becomes the budget document you need.
2. Nonprofit Startup Budget Template
If one decides to start a nonprofit organization, it is important for that person to plan out the entire budget necessary to open and operate it. That is why a startup budget document is required and this template will allow anyone to properly create one.
3. Nonprofit Annual Budget Template
Let’s say that you had to plan out the annual budget for a non-profit organization. What you are going to need to do is to make a document that contains information on all of the organization’s income and expenses within the past year. Download this template so that you can make such a document.
5 Steps for Creating a Nonprofit Budget
Step 1: List What the Nonprofit Organization Needs
Before you can get started with anything, you need to know exactly what your nonprofit organization needs in order for it to operate the way you want it to be able to. Consider things such as the different tasks and activities of the organization and the key staff positions needed in order for it to succeed. This should also include any rent and maintenance that need to be paid for along with equipment needed in order for things to operate.
Step 2: Engage With Your Staff
You do not necessarily have to come up with the budget on your own. You might find that talking it over with your stuff can actually benefit the organization. Engaging with them might help you see costs that you might not have been aware of. They may even bring valuable information that could potentially save the organization more money than it spends.
Step 3: Put in the Revenue
Before you can start making your expense budget, you’ll need to have an idea as to how much money you are going to work with within the time period that your budget is going to cover. Consider all of the different sources of revenue and place them into the document. Include both regular and irregular sources to keep things at a valid estimate.
Step 4: Place the Expenses
Once you are done figuring out your organization’s revenue, then the next thing to put into the budget would be the expenses. These would be all of the things that your nonprofit organization will need to spend on in order for it to operate. Gather documents such as expense reports or any financial statements that will tell you all of the different costs that have to be made.
Step 5: Update the Budget When Necessary
There will be an instance wherein you may have to make changes to your budget due to unforeseen additional costs or revenue. That is why you will have to update your budget by including these both of them should there be any. Be sure to make these changes immediately and that you are able to share them with key positions within the organization that need to know.
4. Nonprofit Monthly Budget Template
5. Nonprofit Event Budget Template
6. Free Nonprofit Program Budget Template
7. Free Non-profit Marketing Budget Template
8. Nonprofit Budget Worksheet Template
If you were to collect data on all of a nonprofit organization’s expenses and revenue and you need to have it presented in an organized manner, then what you are going to have to make is a budget worksheet. Download this template so that you can make one that has all the information you want it to have.
9. Simple Nonprofit Budget Worksheet Template
When making a nonprofit budget, it is best that you are able to outline everything from the revenue to expenses in the simplest and easies-to-understand manner possible. By downloading this template, you should be able to come up with one that’s exactly like that.
10. Small Nonprofit Budget Template
If you are going to start a small nonprofit organization, then you will need to know what kind of budget is required in order to start and run it. Download this template so that you can come up with a document that points out how much revenue you’ll need and what expenses need to be made to run your nonprofit organization.
11. Nonprofit Operation Budget Template
A nonprofit organization will have different operations to ensure that its goal is achieved. This means a budget needs to be created to ensure that those in charge of finances can point out how much needs to be earned and spent before these operations are started. That is why it is important to create a nonprofit operation budget document and this template will allow you to create one.
12. 3 Month Nonprofit Budget Template
Let’s say that you had to plan out the budget for your nonprofit organization for the next three months. With the help of this template, you should be able to make a document where you can place all the information on what expenses and revenue your organization is expected to have within the time period.