Organizational Readiness

It is challenging for many nonprofits to find the right grant opportunities. It can be tempting to go after every grant opportunity. However, being selective is important. Not every grant is going to be the best fit for your organization. Choosing the wrong grant opportunity can potentially waste organizational time and resources.

You know that you need an external evaluator. Maybe your organization doesn’t have the internal expertise or time to conduct a program evaluation yourself, or a grant funder requires a third-party evaluation. Many programs—and organizations—feel that they can’t afford an external evaluation, and funders don’t always pay for program evaluations. However, if you can convince donors and funders that your program is effective and efficient, you’ll be more competitive for future funding. A strong evaluation provides valuable information for data-based decision-making to inform program refinements and continuous improvement. Funders have a limited amount of dollars to award and, therefore, want to fund effective projects.

Audited financials are a common component of grant readiness discussions and are often requested by funders. However, new or small nonprofits may wonder if an audit is really necessary. Understanding why an audit is helpful to a funder, how to find an auditor, and what to do if an audit seems unattainable can help small nonprofits plan.

March Madness is in full swing, and all this talk about competition and brackets makes me think about how grant writing relates. Grants, much like professional sports, are competitive, and increasingly so. We can’t come in on gameday and put together a proposal without any preparation and expect to win big. To be competitive, your grant team must train and prepare to advance through the rounds and win awards. So, while building out/reviewing your bracket for college basketball, consider how these strategies can help your grant team gain a competitive edge.

Staying on top of your grant projects doesn’t necessarily require fancy software or the newest technology. Data or donor management systems are excellent tools, but you only get out of them what you put in. Small organizations sometimes don’t have the staff capacity it takes to utilize all the features they offer. However, if you start organized, it’s much easier to stay organized no matter what system you are working with. Start with the basics. Set up an organized filing or record-keeping process, learn what you need (and what you don’t), and take advantage of technology-supported opportunities when the options arise. If time and cost are obstacles for your organization, here are five tips to keep it together until you have greater capacity:

Part One of this article covered Financial Statements and the four components (Statement of Financial Position, Statement of Activities, Statement of Functional Expenses, and Statement of Cash Flows). Next, we will cover budgets and other common financial attachments. Remember, these attachments tell your organization’s story just as much as the words in your narrative, so invest adequate time in preparing these files.

October brings many wonderful things – cooler weather, changing landscape palettes, and the sound of grant professionals cheering when they receive notice of awards for federal grants. If you recently received an award, go ahead and pat yourself on the back for your hard work and dedication to ensuring the proposal was top-notch – you did it! Many of us focus on the details of project design and pulling together the long list of attachments but might not be well versed in what to do after an award is announced. Don’t worry – here are a few guidelines and resources to have you prepared faster than you can say “pumpkin spice latte.”

What to Expect When You’re Prospecting Or: What to Know About Working with a Consultant A scenario: your small nonprofit organization has been in operation for several years now, thanks to the generosity and trust of individual donors and supporters. You have generated some promising outcome data from your programs, have a clear direction, and are making a positive impact on your target population. You feel you’re ready to move on to the next step in your organization’s growth: diversifying funding streams by adding in some grant dollars. But you’re busy running programs, your board is stretched thin, and you’re just not sure where to start. Choosing to seek outside assistance from a grant professional is a big step for an organization. The combination of a very small staff (or perhaps even a one-person shop), a small pool of invested donors and volunteers, and the amount of time, energy, and resources spent in getting a nonprofit off the ground can make this a deeply personal decision. An outsider consultant who suddenly asks lots of specific questions about your policies, competitors, and finances might feel a little intrusive (at best) or downright offensive (at worst). But wait! That consultant means well. They’re likely trying to gauge your organization’s grant-readiness and capacity for managing different types of funding opportunities to determine the most effective and efficient next steps. Here’s what to expect as you enter this new relationship.

In Part 1, we talked about finding and using existing needs assessments. But suppose no appropriate needs assessment data already exists. How do you start the needs planning process?

Part 1- Accessing existing information The big question: What do you do when you identify a grant opportunity that requires discussion of how the project fits into the agency’s larger mission and/or existing needs assessments? This may initially cause concern and prevent an organization from pursuing the opportunity. The truth is there are likely existing documents within your organization and the community that may provide you with what you need.