––John Pearson, CEO, Christian Management Association
A straightforward, no–nonsense guide to streamlining expenses without sacrificing valuable programs and services.
Even in a good national economy, nonprofit organizations can have tight financial constraints. And since most nonprofits are already operating close to the fiscal balance line, they feel the financial pinch sooner and more acutely than business or government when the economy takes a downward spin.
This nuts–and–bolts resource will help you find ways to:
––Effectively balance your budget
––Minimize spending through thirty general money–saving principles and opportunities
––Maximize your organization′s various assets
––Save money on personnel costs without firing anyone
––Reduce office equipment and supply costs
––Negotiate the best possible price with vendors––Develop long– and short–term strategies for expense reduction
––Create an action plan as well as a cost–saving team
The money–saving tips that Gregory Dabel presents in this useful guide will benefit even those organizations whose revenues are thriving. Saving Money in Nonprofit Organizations is for professionals who are ready to take action and improve their financial bottom lines.
1. Balancing the Budget Does Not Have to be a Gut–Wrenching Experience.
2. Thirty General Money–Saving Principles and Opportunities.
3. Preventive Medicine––Avoiding the Really Big Expenses.
4. Maximizing Your Organization′s Assets.
MONEY–FINDING AND MONEY–SAVING IDEAS YOU CAN USE TODAY.
5. Saving Money on Personnel Costs Without Firing Anyone.
6. Mandatory Employee Benefits, Costs, and Payroll Taxes.
7. Optional Employer–Provided Benefits.
8. Office Space and Other Occupancy Costs.
9. Equipment That Can Stretch Those Dollars.
10. Traveling on a Nonprofit Budget.
11. Insurance Doesn′t Have to Be at a Premium.
12. Consulting and Professional Services on a Tight Budget.
13. Communications––Making Talk Cheap.
14. Miscellaneous Line Items––More Dollars in Your Pocket.
HOW TO GET EVERYONE TO SAVE MONEY.
15. Removing Obstacles to Reducing Expenses.
16. Making a Plan of Action and Starting to Save Money.
17. Creating a Cost–Saving Team.