Funding | North Carolina Center for Nonprofits

Nonprofit Financial Resilience: Understanding “Full Costs” and Dialogue on Post-COVID Recovery

This program is designed to strengthen the financial resilience of nonprofit organizations in North Carolina. Intended for both funders and nonprofit leaders, the program will begin with an introduction to the concept of “full cost” funding and budgeting as strategies to support nonprofit financial health. Full cost goes beyond programmatic budgeting to include things like having working capital to pay bills on time and having reserves to manage risks or opportunities.

Looking Ahead: Nonprofit Fundraising and Development

Alyson Stoffer, Director of Development, TLC and President, AFP Triangle

Eight months ago, I became a new director of development. The timing was great. I had a month and a half under my belt at the beginning of a pandemic where the next days and months were certain and manageable. Just in time to start putting together my first budget, inclusive of what to do about our organization’s largest source of philanthropic dollars: in-person events. Everything was fine.

“Full Cost” Is the Way Forward

Jeanne Tedrow, President & CEO, North Carolina Center for Nonprofits

Managing a nonprofit’s finances is no small or easy task. Nonprofits and those who seek to do good while making a difference in our communities are to be commended for their ability to manage resources and revenue. More often than not, nonprofits make a way when many would say there appears to be no way. To make things happen for the good, they become creative as they leverage financial support with in-kind donations and volunteer labor.

What if pizza shops had to manage their money like a nonprofit?

Jeanne Tedrow, President and CEO, of North Carolina Center for Nonprofits.

Imagine a customer walking into a pizza shop to order a pizza, then only wanting to pay for the ingredients – flour, sauce, toppings, cheese. (See Pizza and a Laugh ‒ A Reminder about Your Nonprofit Financial Stress Level, Nonprofit Quarterly, December 18, 2018.)