![]() They were likely to have established a specific set of policies and practices around technology. ![]() Operating.50.2%-This group of nonprofits claimed to have a stable technology infrastructure. Most indicated they weren’t likely to get input from a consultant of their staff. Their board makes the decisions around technology and they focus on efficiency. They have the basic technology to support their immediate needs. These types of problems cause them to have to spend time duplicating tasks.įunctioning.22.86%-Their systems are hanging on with the minimum. They’re spending much of their budget on workarounds and repairing outdated or old equipment. 6.53%-The nonprofits in this category acknowledged that they’re struggling with technology. Here’s a snapshot of what each category spends their technology budget on and the percentage of their budget they’re using for it: The report classifies nonprofit organizations into the four categories of struggling, functioning, operating, and leading. The 2017 Nonprofit Technology Staffing and Investments Report gives your nonprofit board some solid data to help you understand what nonprofits of a similar size are spending on technology. What Do Other Nonprofits Spend on Technology? Part of the answer lies in keeping your budget for technology in line with what nonprofits of a similar size spend and the other part of it depends on helping your donors and stakeholders understand how the right technology provides efficiency and security for your nonprofit. So, how much should you be spending on technology? How much is too much and how much is too little? More importantly, how can you justify to your supporters that your board is making prudent decisions about your spend on technology? You need it to function, but you don’t want to invest in technology so much that donors might view it as wasteful. Technology can be a bit of a double-edged sword for nonprofits. Donors and grant-makers are looking for proof that your nonprofit manages its money well before they’ll make a commitment to supporting you. To survive and thrive, you need to be able to communicate and interact with the following individuals and groups electronically:īudgeting is an important issue for nonprofits. Even if your board members aren’t tech-savvy, your stakeholders are. Practically, before you spend anything, you should check what is available in that expense bucket and if it is insufficient, you shouldn't can't spend it until you have enough allocated to that bucket (but to allocate more will force you to allocate less for something else or wait).Regardless of what type of programs and services your nonprofit provides, and regardless of how large your nonprofit is, you need some type of technology to function in today’s world. To use MoneyWell (or any similar budgeting system), start with your income and then allocate your known essential expenses such as rent/mortgage, groceries, fuel, essential travel etc, then allocate for investment savings and other important but not essential costs, and then what ever is left you can allocate to non essentials. Your income is poured in at the top and only when they are full does money trickle down to less essential expenses lower down. Think of this budgeting like a pyramid of wine glasses where each glass represents a future expense with the highest priority expenses at the top. ![]() MoneyWell helps you allocate your future spending. For most people, knowing what you spent is of no help to your financial future so forget about that. Most accounting software looks at what you have spent.
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