The Charity CFO

JUNE 7, 2023

Louis for 40 years providing resources, education, and support to serve those affected by asthma and allergies. Our educational programs and advocacy also reach families, schools, and nurses all over Missouri and Illinois. The financial piece of this is the mission of The Charity CFO.

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The Charity CFO

NOVEMBER 20, 2023

Not only does the educational opportunity exist to share with them why Giving Tuesday is significant, but also the ability to leverage networks can act as one of the most powerful tools. To hear the full episode, y ou can find Tosha and the Charity CFO team on Spotify , YouTube , or our website, thecharitycfo.com ! Don’t be shy.

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The Charity CFO

APRIL 13, 2023

This is why at The Charity CFO , we strive to provide relevant resources and support to ensure that your organization runs smoothly and efficiently. This week, we’ve rounded up 7 keys to nonprofit financial management. Budgeting Nothing says healthy financial management quite like a robust and well-thought out budget process.

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CFO Talks

MARCH 14, 2024

Beyond the Basics: 7 Key Focus Areas for New CFOs 1. Introduction to the Evolving Role of the CFO In our previous discussion, we outlined the critical first steps a newly appointed CFO should take to establish a solid foundation within their organization. Delegation and Empowerment: No CFO can do it all alone.

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The Charity CFO

AUGUST 21, 2023

Open and Honest Nonprofit Communications While it can feel strange to reveal your organization’s financial details to outsiders, it’s imperative that donors have a complete and detailed picture of the nonprofit’s economic realities. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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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. . The post Understanding Unrelated Business Income in Nonprofits appeared first on The Charity CFO.

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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.

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CFO Talks

OCTOBER 19, 2022

‘ A mindset focused on delivering results ‘ Welcome to the CFO Club Africa podcast, where we interview leading CFOs from Africa and beyond. CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers.

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The Charity CFO

MAY 18, 2022

Financial sustainability. 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. Operational policies, such as conflict of interest and whistleblower policies. Compliance.

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The Charity CFO

FEBRUARY 27, 2023

Tosha Anderson, CPA and CEO of The Charity CFO , discusses the do’s and don’ts of a treasurer in a recent episode of the “A Modern Nonprofit” Podcast. These tasks include organizing financial data into helpful reports to be presented to the other board members.

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The Charity CFO

JANUARY 8, 2024

She shares too, education and understanding the program lead to the best results. Even with this, using the tool to free up time for nonprofit employees who might be wearing multiple hats as it relates to social media posting or spelling and grammar checks, all of this can certainly play into stretching budget and time.

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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. Interdependence.

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The Charity CFO

AUGUST 28, 2023

However, financially-minded folks are crucial for a variety of reasons. They can provide guidance on: Budgeting Investments Risk management Complex compliance and legal issue All are necessary for keeping the lights on and charting the organization’s path ahead. Do You Struggle to Make Sense of Your Financial Statements?

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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.

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The Charity CFO

NOVEMBER 10, 2022

Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact. When you have a clear financial picture, it builds donor confidence and trust in your organization. . Generates accurate financial reports.

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The Charity CFO

AUGUST 16, 2023

An expert in design and programming, he’s also an educator at the college level. NPOs also work on a conservative budget basis, meaning that they can stretch a dollar. You can also find Tosha and The Charity CFO team on Youtube or our website, thecharitycfo.com ! Do You Struggle to Make Sense of Your Financial Statements?

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CFO Simplified

JANUARY 5, 2024

This ensures that all expenditures align with the firm’s budget and strategic objectives. Unauthorized spending can be a red flag for financial mismanagement. Cybersecurity for Financial Transactions: Secure Online Banking by implementing strong cybersecurity measures for online banking activities.

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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.

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The Charity CFO

DECEMBER 8, 2022

A nonprofit grant is a type of financial assistance that your organization receives from government agencies, foundations, corporations, businesses, individuals, or educational institutes for a nominated project, program, or initiative. Develop strong financial reporting procedures. What is a Grant? Get the free guide!

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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. But it’s not just the education and experience…. Have Nonprofit Financial Red Flags? Maybe We Can Help.

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The Finance Weekly

OCTOBER 13, 2021

Compliance: Abide by laws regarding environmental regulations, financial reporting, etc. CPM software includes budgeting, forecasting and planning functions, as well as graphical scorecards and dashboards to deliver and to display corporate information. Internal: Employee experience and quality of company management.

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Planful

MAY 19, 2021

Here’s just a sample of the benefits available to Planful Champions Club members: Invitations to private networking, educational, and professional development events. Missy Little, Assistant Director, Office of Budget & Financial Planning, University of Notre Dame. Jim French, Founder and CFO, IFI Professionals.

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Planful

JANUARY 11, 2022

Simultaneously, CFOs who once dragged their feet are now confident in the transformational benefits of digital table stakes like automation and AI. . Now is the time for CFOs at organizations of all sizes to lean on AI to plan, budget, and forecast with greater accuracy, speed, and confidence. What does this all mean?

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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. RITHOLTZ: So, we promoted a CFO. HAMBURGER: Absolutely.

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