Nonprofit annual reports are an essential part of the nonprofit organization as end-of-the-year budget preparation, but many organizations don t know how to take advantage of it. An annual report isn’t just a book that a nonprofit gives out to its members to read. It is also a record of how the nonprofit spent its funds during the year, and an opportunity for the members to get-up-to-speed on the strategies and goals for the upcoming year. Nonprofit Annual Report template kits provide ready-made forms that you can easily customize to your particular nonprofit.
When people think of charities, one of the first things that comes to mind is their Giving Years. By reviewing the past year’s performance report, donors and funders can get a clear picture of the effectiveness of the organization in fundraising efforts, management strategy, and major donor achievement areas. In turn, a great donor recognition strategy can be implemented that will maximize the organization s ability to raise funds and retain donor support. The key points covered in the last years annual report should be reviewed in order to determine how the organization can continue its strong performance year after year. These key points should include:
* Revenue Recognition. In order to generate more revenue, the nonprofit must ensure that it is properly recognizing donors, engaging in efficient fundraising strategies, and reaching out to other stakeholders (such as schools and community groups) to further its cause. A sure-fire annual report template includes a table listing all of the organization of revenue and expenditures, as well as an evaluation of its revenue status, performance compared to other nonprofits, and future plans. An effective template should include a comprehensive section detailing the accomplishments of the previous year as well as identifying areas for improvement.
* Auditing Results. Before the end of the fiscal year, a nonprofit must present a summary of its audit results, including recommendations for actions to improve performance and follow-up action plan to achieve the organizations goals. An appropriate nonprofit annual report template includes an evaluation of the performance of the board of directors, staff, management, and other key personnel to provide a meaningful look at the status of the organization. This section should also include information about any changes that will affect the effectiveness of the nonprofit such as the hiring of new management, the addition of new staff, and the implementation of change initiatives.
* Gifts and Donations Trends. Nonprofits need to keep track of donor activity and record the most significant types of gifts that have been received and given during the previous year. The most successful non-profits develop an understanding of the gift giving process, identifying the elements that influence donations and identifying the activities that inspire future donors. A nonprofit annual reports template includes a detailed description of gifts solicited and received and a list of top contributors, providing an overview of the past year and insights into the trends that support the successes and achievements of the organization.
* Marketing Opportunities. Nonprofits need help developing a marketing plan that highlights their strengths and focuses on areas that may be underdeveloped or overlooked. A well-focused marketing plan helps ensure that the organization is positioned to capitalize on opportunities that emerge throughout the year and that provides a rationale for why donors and other stakeholders continue to give. A nonprofit annual report template can include several different sections that address marketing strategies, including: The Vision and Message, Strategy, Programs/ Funding Sources/ Expenditures, Customer Management, and Customer Relations.
* Expense report templates. Any nonprofit needs help with expenses and using an existing cost report template can save time and money when developing the template. A well-constructed template includes an entire section on expenses, complete with multiple choice questions, a budget, and a detailed informational breakdown of the areas of cost concern. The most complete financial reports cover general operating expenses, fundraising, and staff salaries. Other more specific expense report templates provide breakdowns by categories such as: Building Grants, Annual Fundraising, and Student Activities.
Nonprofit leaders often receive inspiring reports from team members and supporters, but many organizations struggle to put together a complete marketing and promotional strategy that get the word out about their organization. Nonprofit Annual Report templates are available in downloadable PDF formats so that individuals can customize the forms to fit their particular needs and use them as needed. In addition to using a custom template, many experts recommend creating a personalized version of each section that highlights the goals of the organization and explains how its members will achieve them through the processes set forth in the report. Whether it is a simple one-page form for individuals to fill out to request a donation or a multi-page downloadable pdf that includes all the pertinent information regarding an ongoing cause, using a customized nonprofit annual report template can help individuals get inspired about their organization and continue to support it year after year.