Financial Sustainability Through Budgeting for a Non-Profit Project – Case Study
Makweri, Cécile-Evelyn (2015)
Avaa tiedosto
Lataukset:
Makweri, Cécile-Evelyn
Haaga-Helia ammattikorkeakoulu
2015
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2015052811113
https://urn.fi/URN:NBN:fi:amk-2015052811113
Tiivistelmä
The purpose of this study was to determine and to present how a non-profit project will benefit from deeper knowledge and understanding in budgeting, and possibly other finan-cial key factors, in order to facilitate and enable stability in its operations in the future. Due to the expected changes in the project’s funding structure this study offers elements of financing and accounting of both non-profit and commercial aspects.
The study is made for – and about – a non-profit project, Keys to Success [Finnish: Me-nestyksen avaimet], of which main goal, and mission, is to prevent social exclusion in the young, by offering social activities with an educational touch, to children. The project has been granted funding until the end of 2016, after which its financial existence and status will again be reviewed and under examination. The project will be looking at deadlines for applying for new funding again not so far in the future, and can use any additional insight to support the process. This study aims to be of the project’s assistance in that. The case project needs to find out how its finances should be managed in order for the project to gain or maintain financial sustainability even after the three current funding period 2012-2016.
This study was made in an evaluative and propositional take, in order for the project’s management to gain better understanding of how it can work with its budgeting process, and to have better tools at facing the funders and to have more to show them for. This study aims to offer the project better understanding over its past and current financial situ-ation, and more importantly, the tools to build on them, and make better-established budgets in its future.
The study aims to offer its readers basic understanding in budgeting, and further focuses on the themes that more acutely or relevantly are found to be beneficial for the case pro-ject. The theoretical framework, research methods, data collection and assessment, the research gap and the hypothesis of the study are completed with conclusions and future recommendations at the end.
Ultimately, the analysis and information will contribute to Keys to Success gaining further, and more funding to be able to proceed – and possibly expand – its operation.
Budgetary advice is the main focus, and in addition, some elements of financial analysis, themes of financial management, scenario based forecasting and financial sustainability will be covered. The overlay matrix will describe the core questions that are answered in the study, and methodological decisions will be presented and explained. At the very end of this report, you will find future recommendations and considerations for the case pro-ject, based on results and conclusions of this study.
The study is made for – and about – a non-profit project, Keys to Success [Finnish: Me-nestyksen avaimet], of which main goal, and mission, is to prevent social exclusion in the young, by offering social activities with an educational touch, to children. The project has been granted funding until the end of 2016, after which its financial existence and status will again be reviewed and under examination. The project will be looking at deadlines for applying for new funding again not so far in the future, and can use any additional insight to support the process. This study aims to be of the project’s assistance in that. The case project needs to find out how its finances should be managed in order for the project to gain or maintain financial sustainability even after the three current funding period 2012-2016.
This study was made in an evaluative and propositional take, in order for the project’s management to gain better understanding of how it can work with its budgeting process, and to have better tools at facing the funders and to have more to show them for. This study aims to offer the project better understanding over its past and current financial situ-ation, and more importantly, the tools to build on them, and make better-established budgets in its future.
The study aims to offer its readers basic understanding in budgeting, and further focuses on the themes that more acutely or relevantly are found to be beneficial for the case pro-ject. The theoretical framework, research methods, data collection and assessment, the research gap and the hypothesis of the study are completed with conclusions and future recommendations at the end.
Ultimately, the analysis and information will contribute to Keys to Success gaining further, and more funding to be able to proceed – and possibly expand – its operation.
Budgetary advice is the main focus, and in addition, some elements of financial analysis, themes of financial management, scenario based forecasting and financial sustainability will be covered. The overlay matrix will describe the core questions that are answered in the study, and methodological decisions will be presented and explained. At the very end of this report, you will find future recommendations and considerations for the case pro-ject, based on results and conclusions of this study.