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. Do You Struggle to Make Sense of Your Financial Statements? Involving key stakeholders and board members can help with collecting donations as well.

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Nonprofit Problem Solving Education CFO 52

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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Nonprofit Communication Education CFO 52

The Charity CFO

APRIL 13, 2023

They include: Statement of Activities Statement of Financial Position Statement of Cash Flows Statement of Functional Expenses Understanding an organization’s financials is like unlocking a door to the health of an organization, and can help track progress and goals over time. Do You Struggle to Make Sense of Your Financial Statements?

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Nonprofit Compliance Accounting Standards Budgeting 52

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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Nonprofit Finance Strategic Planning Budgeting 52

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. And so this year, we essentially had to write two budgets.” Martinez said. Want to learn more?

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Nonprofit CFO Leadership Education 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?

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Nonprofit Profit and Loss Education CFO 98

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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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. Get the free guide!

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Nonprofit GAAP Budgeting Auditing 52

The Charity CFO

FEBRUARY 27, 2023

The major tasks of a treasurer can be summed up as follows: Operations management Oversight and compliance Strategic decision-making Operations management The operational tasks of a treasurer concern financial management. These tasks include organizing financial data into helpful reports to be presented to the other board members.

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Nonprofit Compliance CFO Leadership 52

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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Nonprofit Accounting Auditing GAAP 52

CFO Talks

OCTOBER 19, 2022

My guest today is Tsungiriro Rukanda, she is the Director of Finance and Administration at South Africa Partners, it is a non-profit organisation facilitating collaboration between the United States and South Africa in the areas of health and education.

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CFO Education Finance Accounting 52

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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Nonprofit Problem Solving Finance CFO 52

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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Accounting Nonprofit Auditing Compliance 52

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. Do You Struggle to Make Sense of Your Financial Statements? David started Wow Digital Inc. We welcome David to the show! Get the free guide!

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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.

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Nonprofit Accounting GAAP Accounting Principles 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.

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Prioritization CFO Leverage Risk Management 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. But it’s not just the education and experience…. Red Flag #2: Hidden Compliance Issues.

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Nonprofit Auditing Compliance Accounting 98

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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Financial Planning and Analysis (FP&A) Leverage Communication Strategic Planning 52

Planful

FEBRUARY 2, 2017

companies, government entities, educational institutions, and non-profits) link their strategies to their plans and execution. To support this, EPM includes the following management processes: Budgeting, planning, forecasting and modeling. Sounds easy right?

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Budgeting Forecasting Analyzing Data Finance 40

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. Robby LeBourveau, Director of Finance, Pro Mach.

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Financial Planning and Analysis (FP&A) Planning Finance CFO 40

Planful

JANUARY 11, 2022

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. When the clerical error was eventually caught, the district pledged to retrain their staff and assign a supervisor to oversee future reporting. What does this all mean?

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Financial Planning and Analysis (FP&A) Finance Profit and Loss Reconciliations 40

Generation CFO

JANUARY 5, 2022

But it was important to go back to basics of financial reporting to ensure stakeholders had the right information to make faster and better decisions.”. Revamping the budgeting process was initially a sticking point, especially for middle management. . I don’t think many people even knew who I was in the early days!

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Finance Budgeting Corporate Finance Accounting 197

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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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.” Get the free guide!

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Nonprofit Accounting CFO Auditing 52

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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Auditing Reconciliations Compliance Securities 52

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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Nonprofit CFO Education Budgeting 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. And so, I joined to get free boating education. I replied to him.

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