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.

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Nonprofit Finance CFO Compliance 69

The Charity CFO

MARCH 21, 2024

As Tosha mentions, a survey produced by BDO stated that 45% of nonprofits are going to combat inflation through fundraising efficiencies. The entire idea is essentially saying, how does the nonprofit get more out of doing less? So how can this be communicated and does it even work? But what does that really mean?

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Nonprofit Math CFO Economics 52

The Charity CFO

JANUARY 12, 2024

If you dream of devoting more time to a cause you believe in and taking it to the next level, you might ponder starting a nonprofit. The prospect of serving your community is certainly a calling worth pursuing, and nonprofits serve an essential role in their clients’ lives. 5 Reasons Why You Shouldn’t Start a Nonprofit 1.

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Nonprofit CFO Healthcare Education 52

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.

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Nonprofit Accounting Accounting Standards Budgeting 98

The Charity CFO

MARCH 31, 2023

The IRS does not require nonprofit audits in most cases, however, they may periodically request an audit (examination) or a compliance check. Should My Nonprofit Obtain an Independent Audit? Do your research and select Firms that specialize in nonprofits. With appropriate planning, they can go smoothly.

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The Charity CFO

MARCH 27, 2024

As a nonprofit leader, you’ve probably heard of QuickBooks or may have even used it before. And you might be wondering if you can use QuickBooks for your nonprofit accounting. The answer is yes, QuickBooks Online can be configured for nonprofit use. Nonprofits also need to record expense receipts.

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Nonprofit Accounts Payable Compliance Invoicing 40

The Charity CFO

APRIL 9, 2024

Good morning from a Modern Nonprofit Podcast! Today we have a financial professional & co-founder of Fairlight Advisors, Maya Tussing. Maya and her team specialize in investing for nonprofit organizations. And the Treasurer’s job is to be a financial steward of the organization for today’s purpose and tomorrow’s.

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Nonprofit Finance CFO Accounting 52

The Charity CFO

DECEMBER 15, 2023

While the nature of a nonprofit means you’re focusing more on your mission than making money, bringing in revenue is still essential. Accurate revenue recognition, classification, and records are some of the most important aspects of nonprofit accounting. That depends on your organization’s size and complexity.

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Nonprofit Compliance CFO Valuation 52

The Charity CFO

SEPTEMBER 28, 2022

If you manage a nonprofit, you know very well that every day there are a million and one things to be done. But it’s often seen as “busywork,” it rarely makes the priority list, and under-staffed nonprofit teams often fall behind. But nonprofit bookkeeping doesn’t have to be so stressful.

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Nonprofit Invoicing Accounting CFO 105

The Charity CFO

APRIL 23, 2024

On today’s episode of A Modern Nonprofit Podcast, we have the Executive Director of Only Make Believe, Tamela Aldridge. A Day in the Life of an Executive Director An Executive Director of a nonprofit organization typically wears many hats. You can find Tosha and the Charity CFO team on Youtube or our website, thecharitycfo.com !

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Nonprofit Leadership Problem Solving Education 52

The Charity CFO

DECEMBER 27, 2023

Does your nonprofit have ownership of a for-profit entity? Whether your organization owns a for-profit company outright or has limited ownership, a for-profit subsidiary can have serious tax implications for your nonprofit. Nonprofits with excess holdings may face an excise tax on the value of shares over the limit.

Nonprofit 52

Nonprofit Profit and Loss CFO Communication 52

The Charity CFO

OCTOBER 16, 2023

It may not seem like a significant aspect of your organization’s financial situation, but picking the right nonprofit banking partner is one of the most vital decisions leaders can make. Use your network throughout the nonprofit community to get some firsthand thoughts on various banks.

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Nonprofit Banking Compliance CFO 59

The Charity CFO

MAY 11, 2023

Bookkeeping is a critical component of running a successful nonprofit organization. It involves the management of financial transactions and the maintenance of accurate records to ensure that your organization remains financially healthy and compliant with the law.

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Nonprofit Communication Auditing GAAP 52

The Charity CFO

APRIL 13, 2023

Nonprofit financial management is one of the primary concerns for organizations. Nonprofits are special types of organizations, in both their structure and their purpose. This meaning is the driving force behind what nonprofit organizations do day in and day out. Compliance requirements vary by state and funding sources.

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Nonprofit Compliance Accounting Standards Budgeting 52

The Charity CFO

AUGUST 15, 2023

The nonprofit sector is full of rewarding and impactful careers because it plays a crucial role in addressing various social, environmental, and humanitarian challenges. In this section, we will debunk the three most common nonprofit accounting myths. However, most of it is actually the same. However, most of it is actually the same.

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Nonprofit Accounting Profit and Loss Budgeting 52

The Charity CFO

FEBRUARY 27, 2023

Does your organization get bogged down with nonprofit treasurer duties? Nonprofits don’t exist for the purpose of earning profits. With that being said, money is central to a nonprofit’s success. How does a nonprofit manage its money? One of the most important board members for a nonprofit is the treasurer.

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Nonprofit Compliance CFO Leadership 52

The Charity CFO

JUNE 19, 2023

If your nonprofit is growing, you have a lot on your plate. But one of the most underrated things you can do to make life easier and improve your future prospects is to work with a nonprofit financial advisor. Read on as we explore more about this crucial role and how it can help your nonprofit.

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Nonprofit Communication CFO Auditing 52

The Charity CFO

AUGUST 7, 2023

Brace yourselves, Nonprofit Leaders! We promise it’s not as scary as it sounds, and it’s already changing the game in every industry, including nonprofits. Fortunately, savvy nonprofit leaders will be able to harness the power of AI to maximize their impact on the causes that matter to them.

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Nonprofit CFO Communication Data Analysis 52

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Nonprofit organizations exist to further a mission or goal. The truth is, many nonprofits tend to fumble when it comes to their books. . Sound financial management helps avoid jeopardizing tax-exempt status and the success of your operation. .

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Nonprofit Accounting Auditing GAAP 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. It also allows for better communication and transparency with employees who are striving for the same goals. With over 1.5

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Nonprofit Budgeting CFO Leadership 52

The Charity CFO

DECEMBER 14, 2022

A nonprofit organizational chart is essential for the company’s success and growth. A nonprofit organization chart, also known as an org chart or organogram chart, is a useful tool that is used to create a graphical representation of the structure of the organization and its various departments. Let’s find out.

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Nonprofit CFO Communication Microsoft Office 52

The Charity CFO

SEPTEMBER 18, 2023

Welcome to the Modern Nonprofit Podcast! Key Opinion Leader & Ambassadors Nick and Tosha discover more about the stigma around nonprofit organizations. For example, there is a misconception that nonprofits are organizations that barely get by with little resources, capital, and are simply teetering survival day in and day out.

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Nonprofit Leverage CFO Advertising 52

The Charity CFO

NOVEMBER 28, 2023

Volunteering is an essential piece of any nonprofit. Some nonprofits can’t function without the help of their volunteers. But how can nonprofit leaders ensure their volunteers are effective while creating a space that encourages volunteers to return? Clear and effective communication. Get the free guide!

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Nonprofit CFO Communication Financial Reporting 52

The Charity CFO

MAY 8, 2023

What nonprofit fundraising strategies are you using to keep your organization healthy? As nonprofit organizations rely heavily on donations to support their operations, programs and missions, fundraising is an essential component to their continued success. Individual Giving This is the most common form of giving to nonprofits.

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Nonprofit Prioritization Communication Planning 52

The Charity CFO

NOVEMBER 23, 2022

The finance director role is critical to the success of any nonprofit, making it one of the most important hires an organization can make. 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.

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Nonprofit Finance Strategic Planning Budgeting 52

The Charity CFO

JUNE 7, 2023

Nonprofit financial statements. Or can your financial statements be a lens to view your organization and fuel the mission? In this post, we’ll walk through the most important financial statements, and explain the strategic benefit you can gain by pulling the maximum value from the data.

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Nonprofit Accounts Payable Budgeting Strategic Planning 52

CFO Selections

NOVEMBER 16, 2022

At any nonprofit organization reporting tells the story of what is happening and why. But reports are not simply a snapshot of where the organization is today. All nonprofits do some combination of financial reporting, management reporting, and board reporting.

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Nonprofit Communication Financial Reporting 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 Auditing Compliance Accounting 98

The Charity CFO

NOVEMBER 13, 2023

On today’s episode of the Modern Nonprofit Podcast, we are joined by Sheryl Cababa, Chief Strategy Officer at Substantial. This is especially powerful in the nonprofit sector of business. You can find Tosha and the Charity CFO team on Youtube or our website, thecharitycfo.com ! What are some potential barriers and challenges?

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Nonprofit Education Math CFO 52

The Charity CFO

JANUARY 5, 2023

Many nonprofit organizations tend to let their financial management slip on the backburner as they get busy fulfilling their mission. Maintaining healthy financial management is critical for the organization’s sustainability, stability, and flexibility, now and in the future. Poor financial reporting.

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Nonprofit GAAP Budgeting Auditing 52

The Charity CFO

NOVEMBER 17, 2022

Financial planning and budgeting are vital for the success and sustainability of any nonprofit organization. . By taking the time to assess your current financial situation and map out your anticipated income and expenses for the year ahead, you can make sure that your nonprofit is on track to meet its goals.

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Nonprofit Budgeting CFO Forecasting 52

The Charity CFO

JANUARY 4, 2024

Imagine this: your nonprofit is busier than ever with fundraising events and field work to help make your community a better place. Hiring new employees–and retaining your existing ones–is a challenge for nonprofits and for-profit businesses alike. For example, a person follows a nonprofit closely on social media.

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Nonprofit Budgeting CFO Communication 52

The Charity CFO

AUGUST 28, 2023

Running a successful nonprofit requires many diverse skill sets, from experts in your particular field to fundraising and event pros. Unfortunately, one area where many otherwise thriving nonprofits lack experience is financial and money issues. That’s where advisory finance committees come in.

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Nonprofit Problem Solving Finance CFO 52

The Charity CFO

JUNE 7, 2023

A healthy nonprofit requires leadership, marketing, structure, and of course financial stability to make the impact it sets out to make. The financial piece of this is the mission of The Charity CFO. We give you expert bookkeeping and accounting support to help your nonprofit thrive.”

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Nonprofit CFO Leadership Education 52

The Charity CFO

JULY 31, 2023

Addressing conflicts of interest in a nonprofit is essential for success. It directly impacts the credibility, public trust, and overall effectiveness of the nonprofit in achieving its mission. An example of a potential conflict of interest in a nonprofit is when a church accepts pass-through gifts.

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Nonprofit Prioritization Compliance Accounting 52

The Charity CFO

JULY 24, 2023

When hiring your first employee at a growing nonprofit, it is crucial to understand the essential steps to hiring. Establish your Nonprofit Hiring Process Streamline the journey to finding the right employee and increase the likelihood of a successful recruitment outcome by outlining and establishing a transparent hiring process.

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Nonprofit Compliance Advertising Budgeting 52

The Charity CFO

DECEMBER 8, 2022

Grants are the lifeblood of nonprofits, giving them the much-needed cash injection to market the organization, fund a project, or get an initiative off the ground. Having a full grant pipeline increases your nonprofit’s chances of success and improves your visibility and credibility. What is a Grant?

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