“The ‘financial framework’ is the term for the policies, procedures, regulations and standing orders we use to make sure we’re taking proper care of public money.” – Powys County Council
Similar to a business, it is imperative to establish a robust financial framework for an NGO. A financial framework provides an organised system that guides and supports the financial operations and structure of the organisation. It includes internal financial control mechanisms to prevent financial mismanagement such as misuse or theft of funds and assets, non-compliance of an organisation or government policies and regulations, and inaccurate financial reporting. NGOs also face several problems, including inadequate resources, lack of capacity building, lack of performance measurement instruments, and inefficient management. Setting up a proper financial framework will help resolve some, if not all, of them.
Continue reading “The One Thing All Successful NGOs Have in Common: A Robust Financial Framework”
Anne Frank once wrote, “No one has ever become poor by giving”. But to give, you need to have. Every organisation needs funding to operate. Like any organisation, NGOs need money to cover their costs- capital costs, operation costs, overhead costs, staff costs, etc. NGOs, in particular, depend primarily on grants and donations for survival.
What happens when the organisation runs out of money? Donations are made at random, and grants are often subjected to conditions. With a limited budget and uncertain cash inflow, NGOs often have to curtail their spending at the cost of quantity and quality of their work. Under these circumstances, NGOs find it difficult to plan for the long term and ensure the longevity of their humanitarian programmes. Preemptively, NGOs should develop a stable funding source and steadily achieve autonomy from donor funds and grants.
Continue reading “Tricks on How NGOs Can Survive Without Funding”
The coronavirus pandemic has influenced worldwide activities and lifestyle, both positively and negatively. Therefore, organisations, including the non-profit sector, are influenced by the COVID-19 pandemic. In this way, NGOs have to maintain their volunteers, donors, employees, and beneficiaries directly touched by the pandemic situation. The non-profit sector is facing different obstacles, and at the same time, benefitting from COVID-19. However, they must work and deal with the impacts and find solutions to reassure their community during this pandemic.
Continue reading “Proven Tips to Mastering Impact of COVID-19 on the Non-Profit Sector”
World NGO Day was officially recognised by the IX Baltic Sea NGO Forum of the Council of the Baltic Sea States on the 17th April 2010, Lithuania. It was proposed by a Member of the Baltic Sea NGO Forum’s Committee, Director of Civic Alliance-Latvia – Mrs Pipike. The member countries of the Baltic Sea NGO Forum were Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, Poland, Russia, Norway and Sweden.
To mark the exceptional and highly valuable work that the NGOs are doing, YUVA warmly supports the initiative of establishing an international World NGO Day. The calendar day can also serve as an opportunity to aim towards more capable and strong NGO sector and to ensuring that there is also an enabling working environment for these organisations in every part of the world.
Continue reading “27 February: Celebrating World NGO Day in Mauritius”