A nonprofit consultant’s website recommends the following budget structure for new nonprofits.   What is this budget structure called? What are the most important strengths and weaknesses for this type of budget structure?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A nonprofit consultant’s website recommends the following budget structure for new nonprofits.

 

What is this budget structure called? What are the most important strengths and weaknesses for this type of budget structure?

 

Revenue
General donations
Appeals
Monthly giving
Fall gala
Program fees
In-kind donations
Expenses
Salaries
Payroll taxes
Insurance
Marketing & PR
Office supplies
Postage & Printing
Professional services
Program supplies
Technology & Phone
Travel & Mileage
Amount
$2,500
$1,500
$1,200
$4,500
$15,000
$5,000
Total revenue $29,700
Amount
$17,000
$5,000
$500
$500
$350
$400
$1,500
$2,050
$1,500
$900
Total expenses $29,700
Net gain/loss $0
Transcribed Image Text:Revenue General donations Appeals Monthly giving Fall gala Program fees In-kind donations Expenses Salaries Payroll taxes Insurance Marketing & PR Office supplies Postage & Printing Professional services Program supplies Technology & Phone Travel & Mileage Amount $2,500 $1,500 $1,200 $4,500 $15,000 $5,000 Total revenue $29,700 Amount $17,000 $5,000 $500 $500 $350 $400 $1,500 $2,050 $1,500 $900 Total expenses $29,700 Net gain/loss $0
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