Program Management Finance

Direct costs are expenses clearly linked to specific programs or projects, crucial for nonprofits to demonstrate resource use, ensure compliance, and show efficiency in delivering mission activities.

Encumbrances are committed but unspent funds that help nonprofits manage budgets, avoid overspending, and provide transparency to donors and boards, especially in social innovation and international development.

Exit costs are essential for nonprofits to responsibly close or transition programs, protecting beneficiaries, honoring commitments, and maintaining trust with donors and communities.

Full cost recovery ensures nonprofits cover all program costs, including overhead, to maintain sustainability, transparency, and long-term impact in social innovation and international development.

Indirect costs or overhead are essential expenses that support nonprofit operations but cannot be tied to a single program. Managing these costs is crucial for sustainability and accountability in social innovation.

Lifecycle costing captures the full financial resources needed to design, implement, and close programs, ensuring sustainability and strategic foresight for nonprofits in social innovation and international development.

Line-item budgets provide nonprofits with detailed expense categories to ensure transparency, compliance, and accountability, especially in social innovation and international development contexts.

Pipeline (planned spend) helps nonprofits forecast funding use, align resources with program timelines, and maintain credibility with donors by preventing underspending or overspending.

Program budgets connect nonprofit mission goals to resources, ensuring accountability, transparency, and efficient management of initiatives, especially in social innovation and international development.

Scalability costs represent the additional resources nonprofits need to expand programs sustainably, covering infrastructure, staffing, and quality assurance to ensure growth without sacrificing impact.