The Charity CFO

MARCH 13, 2025

Is Your Nonprofit Ready for Increased Funding Scrutiny? Heres How to Prepare The financial landscape for nonprofits is shifting, and the pressure is mounting. With government funding and donor contributions facing heightened scrutiny, nonprofit leaders must ensure their financial systems are rock solid.

Nonprofit 52

Nonprofit Auditing Compliance Leadership 52

The Charity CFO

FEBRUARY 13, 2025

As a nonprofit leader, you’re passionate about your mission. But to truly make an impact, you need to master the financial skills that will keep your organization thriving. At The Charity CFO, we’ve seen firsthand how understanding these key areas can transform your nonprofit’s financial health.

Nonprofit 52

Nonprofit Strategic Planning CFO Budgeting 52

The Charity CFO

OCTOBER 28, 2024

In a recent episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Dr. Tiffany Slater, an nonproift HR expert and founder of HRTailorMade. The conversation centered around common HR risks faced by nonprofit organizations and best practices for avoiding potential pitfalls. Want to jump right in?

Nonprofit 59

Nonprofit Budgeting Compliance Prioritization 59

The Charity CFO

MAY 13, 2025

Top 5 Signs Your Accounting Is a Mess (And How to Fix It) When your nonprofits finances feel offbut you cant quite put your finger on whyits often because the accounting system is quietly unraveling behind the scenes. Monthly financial reports should be shared with leadership on a consistent timeline. Youre playing with fire.

Accounting 82

Accounting Nonprofit Reconciliations CFO 82

The Charity CFO

MAY 6, 2025

Building a Grant Team That Works: The 6 Roles Every Nonprofit Needs Grant writing is more than just a skillits a strategy. Too many nonprofits are flying solo, reacting to deadlines instead of building a system that works. Finance Construct realistic, funder-aligned budgets that back up your story. And thats okay.

Nonprofit 52

Nonprofit CFO Construction Budgeting 52

The Charity CFO

MARCH 4, 2025

Surviving (and Thriving) in Fundraising: The Nonprofit Wake-Up Call Lets be honestfundraising isnt getting any easier. In fact, if it feels like raising money for your nonprofit has become an uphill battle, thats not just a feeling. He dropped some truth bombs that nonprofit leaders need to hear. So, whats the game plan?

Nonprofit 52

Nonprofit CFO Budgeting Sales 52

The Charity CFO

DECEMBER 23, 2024

As a nonprofit leader, you’re constantly looking for ways to streamline operations and maximize resources. As a nonprofit organization, there are many pitfalls around payroll and you need to be aware of the rules. Many nonprofits handle payroll in-house or outsource to a payroll provider.

Nonprofit 52

Nonprofit Compliance CFO Risk Management 52

The Charity CFO

APRIL 29, 2025

Build a Strong Leadership Team with Financial and Operational Accountability Behind every financially sound nonprofit is a leadership team that doesnt just care about the missionbut also owns the outcomes. Explore how leadership may be holding your nonprofit backand how to fix it. Are they financially literate?

Leadership 74

Leadership Accounting Nonprofit CFO 74

The Charity CFO

MAY 18, 2022

Financial oversight is one of the primary roles of your nonprofit board of directors. . Every nonprofit is required to have a board of directors. But, in practice, the terms fiduciary duty or financial oversight are a bit ambiguous. And they create a lot of confusion for people new to the nonprofit sector.

Nonprofit 98

Nonprofit Auditing Compliance Budgeting 98

The Charity CFO

APRIL 12, 2022

Cash flow isn’t just an issue for small nonprofits that depend on donations to meet payroll each month. A lack of cash on hand impacts nonprofit organizations of all sizes. A few years ago, we were working with a fully-funded nonprofit. . Their budget projected a surplus, and they were hitting those numbers.

Nonprofit 101

Nonprofit Accounting CFO Accounts Payable 101

The Charity CFO

MAY 31, 2024

Transparency and accountability are two of the most important factors in nonprofit accounting. Being transparent in your nonprofit accounting helps build trust in your organization. But what financial reports are most important to build that trust through transparency with your board of directors?

Nonprofit 52

Nonprofit Financial Reporting Budgeting CFO 52

The Charity CFO

JANUARY 21, 2022

Nonprofits often receive donations or grants designated for a specific purpose–like a donation to a specific program or grant you have to spend within a calendar year. And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face. What is fund accounting?

Nonprofit 92

Nonprofit Accounting GAAP Accounting Principles 92

The Charity CFO

APRIL 20, 2023

How can nonprofit accounting software help your organization with efficiency? For-profit companies have long used accounting software to track their financial transactions and monitor their bottom lines. Where to start with nonprofit accounting software Nonprofits have to comply with strict financial accounting standards.

Nonprofit 81

Nonprofit Accounting Accounting Standards Budgeting 81

The Charity CFO

MAY 20, 2025

Tosha Anderson The Hidden Cost of Poor Training In a nonprofit world defined by high turnover, tight budgets, and relentless mission work, training is too often an afterthought. Graham recommends nonprofit leaders begin by asking team members: What do you need to perform your job with excellence? Start connecting.

Nonprofit 52

Nonprofit Budgeting Entertainment Leadership 52

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. .

Nonprofit 84

Nonprofit Invoicing General Ledger Accounting 84

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. with this overview of nonprofit accounting basics. . And guess what?

Nonprofit 89

Nonprofit Accounting Profit and Loss Accounts Payable 89

The Charity CFO

MAY 31, 2022

It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. .

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Nonprofit Finance Auditing Accounts Payable 83

The Charity CFO

DECEMBER 18, 2024

Federal funding can be an attractive option for nonprofits looking to expand their programs and reach. In this episode of A Modern Nonprofit Podcast, host Tosha Anderson and guest Rachel Schmidt discuss the top five considerations nonprofits should keep in mind when considering federal dollars. Are you ready to expand?

Nonprofit 52

Nonprofit Auditing Compliance Budgeting 52

The Charity CFO

FEBRUARY 16, 2023

Nonprofit budgeting best practices are often the difference between success and failure for the organization. Budgeting is a crucial element of understanding the financial health of your organization. While nonprofit budgeting can seem daunting and complex, it doesn’t have to be.

Nonprofit 52

Nonprofit Budgeting CFO Leadership 52

The Charity CFO

FEBRUARY 27, 2024

Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit.

Nonprofit 52

Nonprofit Budgeting Profit and Loss CFO 52

The Charity CFO

MARCH 29, 2024

Do you know the financial health of your nonprofit organization? Knowing where your finances stand is essential to effective nonprofit management. One of the best ways to get a quick read on your organization’s financial health is to compare your nonprofit budget to actual performance.

Nonprofit 52

Nonprofit Budgeting CFO Prioritization 52

The Charity CFO

OCTOBER 4, 2022

million nonprofits globally. To ensure that a nonprofit runs efficiently, several people work behind the scenes to make things much easier, and one of those people is the operations manager. The operations manager might be the secret weapon of the most successful nonprofits we know. There are more than 1.54

Nonprofit 82

Nonprofit Budgeting Compliance CFO 82

The Charity CFO

JUNE 12, 2025

No matter your size or mission, every nonprofit needs operating reserves. While your annual operating budget outlines the year ahead, life doesn’t always follow the plan. They’re not an excuse for careless budgeting—they’re a tool for resilience. Others choose a fixed percentage of their annual budget. Let’s talk.

Nonprofit 76

Nonprofit Planning Budgeting CFO 76

The Charity CFO

DECEMBER 30, 2021

Contrary to what many people envision, a nonprofit audit doesn’t usually start with a letter from the IRS. Instead, an independent nonprofit audit is something you choose to build trust in your nonprofit organization. An audit can be a critical step for a growing nonprofit that needs to raise increasing amounts of funds.

Nonprofit 84

Nonprofit Auditing GAAP Accounting Principles 84

The Charity CFO

APRIL 5, 2022

But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting. Is your nonprofit required to use accrual accounting? So which accounting method is right for you? What is the Accrual Accounting Method? Accounts payable.

Nonprofit 86

Nonprofit Accounting GAAP Auditing 86

The Charity CFO

SEPTEMBER 14, 2022

If you know only one thing about 501(c)(3) nonprofit organizations , you probably know that they don’t pay federal taxes on their income. . So how do you know if your nonprofit organization has taxable unrelated business income? Not Sure If Your Nonprofit Income Is Taxable Or Not? But what if I told you that’s not always true?

Nonprofit 89

Nonprofit Profit and Loss Education CFO 89

The Charity CFO

NOVEMBER 17, 2022

Financial planning and budgeting are vital for the success and sustainability of any nonprofit organization. . That’s why it’s important to start thinking about your budget for 2023 now. Budgeting should go beyond simply tracking money in and money out. . Intro to Budgets for Nonprofits.

Nonprofit 52

Nonprofit Budgeting Forecasting CFO 52

The Charity CFO

JUNE 26, 2023

Whether you’re a new organization or an established one working to get its finances under better control, there are few more important things to get right than your nonprofit operating budget. It serves as the backbone of your nonprofit’s spending, fundraising, and much more.

Nonprofit 52

Nonprofit Budgeting Benchmarking CFO 52

The Charity CFO

APRIL 19, 2022

As a CPA working exclusively with nonprofits and a former nonprofit auditor, I’ve looked at thousands of nonprofit financial statements over the past 10 years. Over the years, I’ve identified a set of 5 nonprofit financial red flags that are fairly common and almost always lead to trouble sooner or later.

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Nonprofit Compliance Auditing Accounting 87

VCFO

JUNE 29, 2023

Restoring and Ensuring Effective Nonprofit Finance Practices Decades ago, healthcare trailblazer Sister Irene Kraus moved her mantra of “No Margin. And when shortcomings and lapses in those crucial cornerstones persist in a nonprofit, so too do risks to the organization and those they serve. No Mission.” into the limelight.

Nonprofit 67

Nonprofit Finance CFO Compliance 67

The Charity CFO

FEBRUARY 12, 2025

On this episode of A Modern Nonprofit Podcast, host Tosha Anderson welcomed Sheri Chaney Jones , CEO and Founder of SureImpact , to discuss how nonprofits can leverage data to better engage donors and stakeholders. The Shift Towards Impact Investing Sheri highlighted a significant shift in the nonprofit world over the past two decades.

Nonprofit 52

Nonprofit Leadership Communication CFO 52

The Charity CFO

NOVEMBER 20, 2024

Welcome to the 100th episode of A Modern Nonprofit Podcast! Today, we’re doing something special: we’ll be diving into the confessions and candid struggles of nonprofit leaders, exploring some of the most difficult, eye-opening, and surprising challenges they face. Diversification helps mitigate risks and ensures greater stability.

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Nonprofit Leadership CFO Budgeting 40

The Charity CFO

APRIL 29, 2025

On this episode of A Modern Nonprofit Podcast , Mandy joins Tosha to unpack her 4P Formula for fundraising and show nonprofit leaders how to build a strategy that actually scaleswithout burning out your team or ghosting your donors. Plan Budget to your actual vision. Donors respect financial clarity.

Nonprofit 53

Nonprofit Planning Budgeting CFO 53

The Charity CFO

JULY 1, 2024

Choosing the right accounting services is crucial for the financial health of your nonprofit. The right nonprofit accountant helps your organization properly manage its finances, which improves trust and transparency with stakeholders and donors.

Nonprofit 52

Nonprofit Accounting Budgeting Accounting Firms 52

Centage

NOVEMBER 22, 2021

Building and managing an effective budget and plan can be daunting no matter what industry, but financial planning for nonprofits can be particularly difficult. And while no industry was spared in the wake of the pandemic, nonprofits were hit hard. Nonprofit budgeting software also easily enables driver-based budgeting.

Financial Planning and Analysis (FP&A) 72

Financial Planning and Analysis (FP&A) Nonprofit Planning Finance 72

The Charity CFO

AUGUST 27, 2024

An organization’s Key Performance Indicators (KPIs) provide a clear measure of how well the nonprofit is maintaining financial health while working toward its mission. Many nonprofits must balance their goals with limited resources or strict compliance regulations. Unsure of which KPIs you should be tracking for your nonprofit?

Nonprofit 52

Nonprofit Budgeting CFO Financial Analysis 52

The Charity CFO

JULY 3, 2024

The middle of the year is the perfect time to pause and reflect on your nonprofit organization’s financial health. A midyear financial review helps you identify problems early and align your nonprofit’s financial performance with planned goals. Step 2: Analyze budget variances.

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Nonprofit Budgeting Compliance CFO 52