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KPI of the Week: Fundraising Efficiency Ratio
A KPI for Not-for-Profit Organizations — The fundraising efficiency ratio is a KPI used by not-for-profit organizations to measure how efficient the organization is at raising money. It is calculated by dividing the unrestricted contributions by the unrestricted fundraising expenses. The unrestricted contributions are the incomes from donors who do not specify where it must be used. The unrestricted fundraising expense is the money spent by the not-for-profit in order to collect the unrestricted contributions.
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Why Is Budgeting Important?
Creating a budget is not just an exercise that the CFO gives to the managers of the company to provide busy work to those already very busy. A budget is a comprehensive financial plan for achieving the financial and operational goals of an organization. Used correctly, a budget is the map of the company’s strategic plan. In creating the budget, the company is developing its objectives for the acquisition and use of its resources. Once in place, it becomes a valuable benchmark to determine how well the steps taken by management are ensuring objectives are attained.
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To Be, or Not to Be, in the Cloud
Organizations make daily decisions that better adapt their organizations to a changing external environment. These decisions revolve around four factors: people, processes, technology and records. Leaders of the 21st Century argue that the most salient of these factors is technology. In fact, the IBM Institute for Business Value recently conducted a study based on data collected from 4,000 C-suite executives worldwide.
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