Let's Finalize Your 2023 Budget!

It's Time to Finalize Your 2023 Budget!

Here's a great tip: Optimize the budget process by encouraging board input AND team collaboration.

There is a seat at this table for everyone!

Your board authorizes the proposed budget - Yet it's so important to let them influence it as well.

Remember, your board and your team are part of the financial engine that drives your company. So for instance, if your annual budget is $2 million, your board could have a hand in raising 10% of that operating budget ($200,000 each year).

This is why it's so important for the entire board to FULLY understand and contribute to how money flows into your nonprofit.

And Don't Forget Your 2023 Resource Development Plan

On that note, how is your Resource Development Plan coming along for 2023?

Resource Development (RD) will help your nonprofit acquire, maintain, and advance the resources needed to grow your funding and impact. The ultimate goal is about securing relevant support!

A successful RD strategy is ALL about people - Inside and outside your organization.

?TIP? To be successful, think about establishing effective communications with prospective donors and supporters. You must ENGAGE with them on a continual basis.

So think of your RD process like this:

Fundraising is action-focused - Seeking out and gathering donations.

RD is process-focused - Establishing a strategy that involves identification, acquisition, retention, recognition, and development of potential donors and partners.

Resource development is crucial to the SUCCESS of your nonprofit organization.

That's why we urge you to engage your board's input AND your team's support to make your plan as well-rounded as you possibly can.

With this “big picture” view in mind, you will be able to deliberately build your program and

agency capacity. And yes, GROW your impact and funding to phenomenal new heights!

Tell us in the comments, how is your RD Plan coming along for 2023?