For many nonprofits, it is important to keep costs down in order to keep the most money possible going to your cause. This could make the difference between donors giving money to your organization or not.
One way to make your nonprofit continue to run efficiently is to invest some time towards program evaluation reports
. This process can not only help inform donors, but also help you keep track of what projects are most effective and how well your current work supports the organization's mission statement. It doesn't have to be a very in-depth report, as long as it gives you a good idea of the value your organization brings to the table and you can see, on an ongoing basis, where your time and dollars are best spent.
See how the PEX Platform
and prepaid cards can help you control budgets, track spending and automate time-consuming reconciliations. Toffer Grant is PEX's Founder and CEO. He founded PEX in 2006 as a prepaid card solution for small businesses. His background in the prepaid industry began at Clarity Payment Solutions, where he initiated 65 prepaid card programs in consumer, corporate, and emerging verticals of the prepaid card industry.