The Charity CFO

JANUARY 8, 2025

In this episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Kathryn Hoffman, CEO of the Minnesota Center for Environmental Advocacy (MCEA), to discuss how to balance a big mission with human-centered leadership. Want more nonprofit leadership tips? Check out this recent episode of A Modern Nonprofit Podcast.

Leadership

The Charity CFO

DECEMBER 30, 2024

In a recent episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Greg Miller, President and CEO of Penn-Mar Human Services, to discuss the critical issues of recruitment, retention, and strategic partnerships in the nonprofit sector. This initiative has resulted in a remarkable 93% retention rate among participants.

Nonprofit

The Charity CFO

DECEMBER 11, 2024

In a recent episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Mohan Sivaloganathan, CEO of Our Turn and advocate for youth leadership and equity in education, to discuss the concept of harmonious leadership and its potential to transform the nonprofit sector. Want to jump right in?

Nonprofit

The Charity CFO

MARCH 7, 2025

At The Charity CFO, the most significant tool to keep my/our work easier is Quickbooks Online. We use Quickbooks Online for everything financial at The Charity CFO – from bookkeeping tasks to running getting that final P&L over to our tax team each year and even processing 1099s each January. Get the free guide!

CFO

Barry Ritholtz

MARCH 4, 2025

Healthcare, higher ed and nonprofit business, again, two very mature businesses. It’s very, which is its own unique circumstances and, and those companies have their own challenges, but it’s very different speaking to the treasurer CFO or CEO of Fortune 500 company, right. So the government business are not-for-profit.

Banking

The Charity CFO

NOVEMBER 6, 2024

In this episode of the Modern Nonprofit podcast, host Tosha Anderson interviews Alex Johnston, founder of Building Impact Partners and author of “ Money with Meaning : How to Create Joy and Impact Through Philanthropy.” Want to jump right in? These methods described by Alex point to an important human element.

Nonprofit

The Charity CFO

JULY 10, 2022

Are your nonprofit board committees contributing to the effectiveness of your work or simply checking off the boxes someone gave you when your organization was set up years ago? Nonprofit board committees can have an outsized and positive impact on your organization’s overall mission. Traditional Nonprofit Board Committees.

Nonprofit

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

The Charity CFO

JANUARY 5, 2022

Nonprofit leaders often struggle to create an open, trusting culture that supports their staff in executing their mission. If you’re looking for proven ways to engage your team and improve the mindset of your nonprofit team, this episode is for you. Why a “kitchen in the living room” is typical weakness for nonprofit teams (4:58).

Nonprofit

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

The Charity CFO

SEPTEMBER 23, 2024

Your nonprofit organization relies on the knowledge and guidance of its leadership team to advance its mission. However, nonprofit leaders face unique challenges that their for-profit counterparts don’t, such as limited resources or reliance on volunteers.

Nonprofit

The Charity CFO

JULY 2, 2024

Nonprofits are facing increasing pressure to modernize their operations to stay effective and efficient. If this feels relatable, this article will walk you through the steps you need to modernize your nonprofit operations–from adopting technology solutions to improving data security.

Nonprofit

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.

Nonprofit

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

The Charity CFO

JUNE 27, 2024

Leading a nonprofit organization isn’t just about passion–it’s about effective leadership. Nonprofit executive directors play an irreplaceable role in steering their organizations toward success. This guide will explore key strategies and insights to help you excel as a nonprofit executive director.

Nonprofit

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. This can be especially important when it comes to reporting and filing requirements.

Nonprofit

The Charity CFO

APRIL 22, 2024

In many nonprofits, burnout is the emotional, physical, and mental exhaustion of employees due to prolonged stress. Understanding Burnout in Nonprofit Organizations Burnout at work can happen to anyone. Consider these four strategies to improve your workplace culture and reduce burnout in your nonprofit employees.

Nonprofit

The Charity CFO

JULY 3, 2023

Setting nonprofit goals is critical to growing in a manageable way that supports your mission and employees. Let’s take a closer look at everything you need to know to define and track your nonprofit goals. Financial goals align with your nonprofit’s fundraising and expenses.

Nonprofit

The Charity CFO

MAY 19, 2023

Cash management for a nonprofit organization is possibly the most important consideration for success. In a previous article, we discussed the benefits, risks, and compliance requirements of outsourcing bookkeeping for nonprofit organizations. Having a second set of eyes on financials is a prudent practice for nonprofit organizations.

Cash Management

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.

Nonprofit

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. Allocate resources.

Nonprofit

The Charity CFO

JUNE 7, 2023

Nonprofit financial statements. Nonprofit Financial Statements You are likely familiar with the different nonprofit financial statements that are typically included in a reporting package: Statement of Activities Statement of Financial Position Statement of Cash Flows Statement of Functional Expenses But we’d like to dive beyond the surface.

Nonprofit

The Charity CFO

DECEMBER 20, 2023

180 Management Group is an operations consulting firm that specializes in operational strategy and design, specifically for nonprofit organizations. This creates a culture built on a solid foundation for prioritizing, serving, creating sustainability & growth for both the employees and clients. Get the free guide!

Nonprofit

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.

Nonprofit

The Charity CFO

AUGUST 21, 2024

The relationship between fundraisers and accountants in a nonprofit organization can be challenging. Accountants work to safeguard the financial health of the nonprofit by keeping detailed records and ensuring that funds are used appropriately. For a nonprofit to thrive, these two departments have to work together.

Communication

The Charity CFO

OCTOBER 9, 2024

Modern nonprofit leaders are always looking for ways to use technology to make everyday tasks easier. Instead, accounting software prioritizes accuracy, standardization, and regulatory compliance. For nonprofits, GAAP ensures transparency, accuracy, and consistency in financial statements. Contact us today to learn more!

Accounting

The Charity CFO

MARCH 2, 2022

“I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. 99% of nonprofit founders we work with don’t have a background in finance. Isabel is the Onboarding Specialist at The Charity CFO. A Modern Nonprofit Podcast. In this episode, you’ll discover….

Nonprofit

CFO News Room

FEBRUARY 6, 2022

The project is run by a nonprofit trade group, Receivables Management Association International, which does a nice job of curating multimedia financial content. Here’s a website that pulls some of the best financial education content across the web and neatly sorts it by audience—fortunately, that includes parents.

Education

The Charity CFO

JANUARY 12, 2022

Are you a nonprofit leader struggling with how prioritize revenue to avoid the trap of money becoming the mission? Bill is the founder of FiveTwo Network and focuses on helping entrepreneurs grow their mission and build better programs by prioritizing revenue generation. For more nonprofit accounting resources check out [link].

Nonprofit

CFO News Room

NOVEMBER 24, 2022

We get to ask questions like: What do I value, and what do I prioritize? She shared that she was a trained social worker working in the nonprofit field (a professional goal) but was not able to pay off her student debt (a personal goal). Career inflection points, whether prompted by sudden, external triggers (e.g.,

Problem Solving

The Charity CFO

DECEMBER 22, 2021

Ever wondered why so many nonprofits are stuck in their financial struggles that they end up failing their communities? Want to make sure your nonprofit doesn’t suffer the same fate? She helps nonprofits get financially established so they can achieve their goals. And why nonprofits need to learn to put themselves first. (2:47).

Nonprofit

CFO Simplified

APRIL 19, 2023

Richard’s Story I was hired to coach Richard, a nonprofit COO who was tapped to be the next CEO. Realign and prioritize work to support the CEO. The post Succession Planning Creates Transition Success appeared first on CFO Simplified. We began the engagement in March 2021 (4+ years prior to transition).

Planning