The Charity CFO

JANUARY 26, 2023

Start With the Fundamentals of Nonprofit Tax Filing Non-profit organizations operate in many areas of society, including education, healthcare, sports, and social services. Proper revenue recognition is a core accounting principle that ensures proper financial reporting, ensuring that you remain compliant and maintain donor confidence.

Nonprofit 52

Nonprofit Accounting Principles Profit and Loss Auditing 52

The Charity CFO

JANUARY 5, 2023

Maintaining healthy financial management is critical for the organization’s sustainability, stability, and flexibility, now and in the future. Poor financial reporting. Educate the staff and board on critical issues triggered by certain gifts. A Nonprofit Budget. Collaboration issues.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

The Charity CFO

SEPTEMBER 14, 2022

It’s true that due to their uniquely valuable societal contributions, such as charitable actions or educational priorities, nonprofits receive tax exemption for income from activities substantially related to their primary purpose. . But what if I told you that’s not always true?

Nonprofit 98

Nonprofit Profit and Loss Education CFO 98

The Charity CFO

NOVEMBER 23, 2022

They are responsible for the financial health of the organization. They create and maintain financial records, prepare financial reports, and oversee the organization’s budget. This is the minimum educational requirement for most nonprofit finance director positions. How to verify.

Nonprofit 52

Nonprofit Finance Strategic Planning Budgeting 52

The Charity CFO

APRIL 19, 2022

When most nonprofits think about ‘accounting issues,’ they’re concerned about poorly prepared financial reports, bookkeeping errors, gaps in communication with funders, bad audits and a million more things in this vein. Has the Department of Labor audited your organization for misclassifying contractors as employees?

Nonprofit 98

Nonprofit Auditing Compliance Accounting 98

CFO Talks

MARCH 14, 2024

The position of Chief Financial Officer has evolved significantly over the past few decades. No longer confined to the guardianship of financial reporting and compliance, modern CFOs are now pivotal strategists and advisors at the heart of corporate decision-making. Delegation and Empowerment: No CFO can do it all alone.

Prioritization 52

Prioritization CFO Leverage Risk Management 52

The Charity CFO

AUGUST 16, 2023

An expert in design and programming, he’s also an educator at the college level. He and his team did an audit that lead to 5 indicators for revamping a website: Is the page layout unique or common in comparison to other websites? NPOs also work on a conservative budget basis, meaning that they can stretch a dollar.

Nonprofit 52

Nonprofit Marketing Analyzing Data CFO 52

The Charity CFO

JANUARY 21, 2022

Most not-for-profit organizations and entities–like 501(c)(3) charities, churches, religious institutions, government agencies, nonprofit nursing homes and hospitals, and educational institutions– are required to use fund accounting. When you set up funds in your chart of accounts, they’ll show on your financial statements as well.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

The Charity CFO

MAY 18, 2022

Your board should be involved in reviewing and approving the annual operating budget. It should also review financial statements at every board meeting and challenge management on numbers that don’t make sense. If your nonprofit requires an audit, the board should engage directly with the audit firm. Compliance.

Nonprofit 105

Nonprofit Auditing Compliance Budgeting 105

The Charity CFO

APRIL 25, 2024

As stated on their website, “Vermont Adult Learning’s mission is to create an innovative, inclusive, and equitable learning environment that provides personalized opportunities for education and career development for Vermont residents by building relationships, strengthening communities, and fostering lifelong learning.”

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

CFO Simplified

JANUARY 5, 2024

Regular Internal Audits: Conduct internal audits to assess the effectiveness of internal controls. Identification of any “personal” expenses that would be caught by an outside audit as inappropriate, and therefore become personal income. Unauthorized spending can be a red flag for financial mismanagement.

Auditing 52

Auditing Reconciliations Compliance Securities 52

Barry Ritholtz

APRIL 25, 2023

And so, I started to see, you know, what he’s done with his law school education. HAMBURGER: — and him and I are still in touch to this day, but it’s people like that who take the education and really make it their own that really inspired me. HAMBURGER: Absolutely. Tell us what we can and can’t do.

Mergers and Acquisitions (M&A) 60

Mergers and Acquisitions (M&A) Compliance Investments Finance 60