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Tip of the Week: Item Exchange

Nonprofits often need donations of all kinds to keep their operations going and deliver the essential services our community depends on. Organizations, businesses and individuals with items to give away often want to make sure they're going directly to the people and places that need them most. ConnectVA helps make the exchange of free stuff…

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Tip of the Week: Personalize Your ConnectVA Experience

Did you know that ConnectVA provides a personal profile for all registered users? This new feature allows anyone in our community -- for-profit, not-for-profit, and anywhere in between -- to have a presence on ConnectVA and to contribute to the conversation. Personal profiles provide a means for users to not only share individual informatoin and…

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Upcoming Resource Fair Connects Businesses & Nonprofits

The Nonprofit Resource Fair is a unique opportunity for professionals from nonprofit organizations to network with product and service providers available to them in the Greater Richmond region who have a commitment to working with nonprofits. Additional event highlights include a morning workshop featuring Penelope Cagney, MA, CFRE, consultant and nationally-renowned author of Nonprofit Consulting Essentials: What Nonprofits…

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Resources You Can Use to Make 2013 Your Best Year Yet!

Here are some suggestions (and resources) of how to make 2013 your organization's best year yet: 1) Find your organizations' strength and weaknesses. Get a quick snapshot of your organization by the end of the day with Nonprofit Management Services' One Hour Organization Assessment. 2) Have a plan. Plan for the year ahead and get…

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Nonprofits Embrace Being More Human

The 2012 Social Media for Nonprofits Conference brought social media tools and strategy to over 100 nonprofit professionals and volunteers last week. Presented by ConnectVA 501 Tech Club and hosted at WCVE Community Idea Stations, this annual event featured nine engaging breakout sessions and a keynote presentation in which speaker Jamie Notter presented the case…

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Nonprofits are an Economic Force in Virginia

Virginia's nonprofit sector continues to add jobs and build the economy reports a recent study by the John Hopkins Center for Civic Society Studies and Virginia Commonwealth University, funded by The Community Foundation Serving Richmond and Central Virginia. The report finds that Virginia's nonprofit sector is the state's third largest employer, delivering the majority of available health, cultural, and social…

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ConnectVA Launches!

ConnectVA unifies and redesigns ConnectRichmond and ConnectSouthside, building on the successful legacy of the Connect system built specifically for our community. The new website offers the same useful services you value - Jobs, Events, Item Exchange and Message Groups - with enhancements that make using ConnectVA easier than ever before. New, improved features better connect…

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From an Expert: “It’s Better to See it Coming” Steps Towards Better Budgeting

How else will you know to avoid disaster?

Maybe even take advantage of some unexpected benefits or goodies?

It’s all about BUDGETING!!

Budgeting, or business planning, is more than an activity designed to make your life miserable. Budgeting is even more than a process that causes you to hate seeing numbers on your smart phone.

As access for funding and in-kind resources becomes even more difficulty, putting together and managing an annual budget/business plan will greatly help you:

  • Set attainable goals for you and your organization
  • Stay on target with those goals
  • Keep random spending in check – purchase what is really essential to meet the needs of your programs and community
  • Keep nasty surprises to a minimum
  • Take care of yourself and your teammates

One of (if not the main) reasons budgeting is looked upon so frightfully is that people tend to over complicate the process.

KISS – keep it sinfully simple – is an acronym that works well here as with most things. Unless you are putting together plans for a new NASA space program, your own budget should not look like it does.

Specialized software is not required. In a pinch, paper and pencils will do the job.

You will want to write down/key in/record what you are planning to do in the next twelve months and how much those activities will cost. Part of your budgeting process will also include revenue targets along with any fund development efforts needed to reach those targets.

Following these simple, basic steps will get you started on developing a budget that will go a long way in supporting you and your organization.

From an Expert Guest Blog Post by Melody Stone, The Stone Financial Group, Inc. Learn more about how you can become our next expert.

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