Nonprofit Financial Statements

Welcome to the world of nonprofit finance! Whether you are a new board member, new grant writer, or starting a new nonprofit, you should be familiar with these statements. For grant writing, I have not seen a need to for the statement of cash flows, but the other three financial statements discussed in this article are common on grant applications. Statement of functional expenses is part of a full 990 and you should be aware of your return to program rate. This can affect your eligibility for some grants if it is not 75% or higher.

From Little Green Light (LGL) | by Virginia Davidson | How to get familiar with four key non-profit financial statements: Non-profit financial statements can be intimidating. But you don’t need a degree in accounting to have a working understanding of them. Read Full Article Here