Lesson 4 – Specific Time Period

When your nonprofit sets goals for your organization’s strategic or development plan, you make sure that those goals are specific, measurable, attainable, realistic, and time-based (or SMART).

Goal setting for nonprofit strategic or development plans follow a SMART plan:

  • Specific
  • Measurable
  • Attainable
  • Realistic
  • Time-based

Time is of the essence in planning your budget. There are important considerations when planning a budget. This includes when revenue is collected and when activities are scheduled to be completed. Planning for projects on a timeline can impact your funding in a positive way. For example, if your biggest fundraiser is year-end giving, you may want to line up a larger campaign directly after this.

Time must be set aside for the budget approval process. Your board will need to approve the budget before it is implemented. This holds you accountable by setting a specific day and time to complete the plan.

You will want to factor in a monthly meetings with your team and more in-depth reviews each quarter.