Storytelling for Grantseekers: A Guide to Creative Nonprofit Fundraising

EXPECTED EXPENSES: MORE DETAIL

Whereas potential revenue sources are relatively few in number, possible expense items can be numerous and quite varied, depending on the type, scope, and size of the program. Some items (such as the cost for musical instruments) may be program specific. Other costs are more universal. The costs most likely to show up on almost every program budget are the following:

• Salaries. Personnel costs are frequently the major expense item in any program budget, and often these are underestimated. When a nonprofit agency develops a new program, special attention should be paid to determining what personnel are necessary to do the job and how many hours, days, weeks, or months will be required to get each individual task ...