Organizational budgets refer to revenue and expense statements. The Foundation requires that each applicant submit the following using the budget template provided:
- the actual statement from the preceding fiscal year;
- a projected statement (budget) for the current fiscal year; and
- a projected statement (budget) for the fiscal year for which support is requested.
Financial statements are generally prepared by an accountant, and sometimes audited, and reflect a more complete picture of an organization's financial details, including statements of activity, cash flow, balance sheets, and accompanying notes.
While it is not required, if your organization has an audited financial statement for any of the past three fiscal years, please submit the most recent one.
Note: Please check your local laws to determine whether you are required to have audited financial statements.