Guidelines for the Preparation of Budgets in Not-for-Profit Organizations

22 Pages Posted: 29 Aug 2010

See all articles by Elli Malki

Elli Malki

Financial-Tip; Rothberg International School of the HU - MA in Nonprofit Management and Leadership; Hebrew University - M.A. in Management of Nonprofit and Community Organizations

Date Written: August 28, 2010

Abstract

In the absence of clear and acceptable measures for outcomes, the budget is probably the most important managerial tool for nonprofits. Nevertheless many nonprofits operate without a budget at all, or with a limited version of a budget that is used solely for fundraising with no managerial role. The purpose of this paper is to present guidelines for the preparation of budgets that can serve all the aspects of the organization's activity. More specifically the budget should provide the organization's management with tools for decision making, risk management, measuring efficiency and the ability to present a cleat picture of the organization's activities to internal and external stakeholders. The adoption of these guidelines may benefit both nonprofits and their donors. Nonprofits will be able to improve the way they manage their programs while donors will be able to get a clearer picture of the organization and to simplify their procedures for grant applications.

Keywords: Nonprofits, Management, Budget, Strategic, Planning

JEL Classification: D61, L30, M21, M40

Suggested Citation

Malki, Elli, Guidelines for the Preparation of Budgets in Not-for-Profit Organizations (August 28, 2010). Available at SSRN: https://ssrn.com/abstract=1667575 or http://dx.doi.org/10.2139/ssrn.1667575

Elli Malki (Contact Author)

Financial-Tip ( email )

P.O.B. 44034
Jerusalem, 91440
Israel
972-2-6568906 (Phone)

HOME PAGE: http://www.financial-tip.co.il

Rothberg International School of the HU - MA in Nonprofit Management and Leadership ( email )

Boyar Building, Mt. Scoupus
Jerusalem, 91905
Israel
026568906 (Phone)

HOME PAGE: http://www.financial-tip.co.il

Hebrew University - M.A. in Management of Nonprofit and Community Organizations ( email )

Jerusalem
Israel
97226568906 (Phone)

HOME PAGE: http://www.financial-tip.co.il

Register to save articles to
your library

Register

Paper statistics

Downloads
773
Abstract Views
3,149
rank
31,448
PlumX Metrics