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. increase in charitable giving in 2022. increase in charitable giving in 2022.

Financial Planning and Analysis (FP&A) 72

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

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. .

Nonprofit 98

Nonprofit Accounting Profit and Loss Accounts Payable 98

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Another difference is in fund accounting.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

The Charity CFO

FEBRUARY 2, 2022

Every tax exempt nonprofit must file IRS Form 990 (Return of Organization Exempt from Income Tax) every year. That’s right, your nonprofit needs to file an IRS return. In fact, as a nonprofit organization, the expectations for transparency and accountability are higher than those for for-profit businesses.

Nonprofit 98

Nonprofit Profit and Loss Auditing GAAP 98

PYMNTS

FEBRUARY 28, 2020

The total financial damage from the leak is still being tallied, but the loss of trust experience by Desjardins’ members cannot be easily undone. The breach resulted in more than $5 million in losses, but the damage done to CU members’ trust was incalculable. Problems outside CUs’ control can affect members’ faith in their FIs, too.

Profit and Loss 52

Profit and Loss Securities Benchmarking Nonprofit 52

The Charity CFO

APRIL 15, 2022

During the “Great Recession,” nonprofits have lost their accountants and financial directors at record rates. At the same time, hundreds of nonprofits are waking up to realize that the financial structure they’ve always relied on doesn’t work as well any more. So why do accountants leave nonprofit organizations?

Nonprofit 52

Nonprofit Accounting CFO Problem Solving 52

CFO News Room

NOVEMBER 16, 2022

Thanks above all to the pioneering and in-depth work of Eileen Appelbaum and Rosemary Batt, the press, Congresscritters, and the victimized general public have gotten an idea of how private equity’s exploitation of the many chokepoints in health care has enabled them to profit greatly to our collective detriment.

Profit and Loss 130

Profit and Loss Nonprofit Investments Healthcare 130

CFO News Room

NOVEMBER 22, 2022

Michael: So, it sounds like part of the challenge was, you live in a large company environment where, as is common for a lot of them, they organized study groups of top advisors, of top producers, of those that are doing well and growing well, and driving the business profitably. In fact, we probably would have been much more profitable.

Planning 130

Planning Communication Profit and Loss Education 130

CFO News Room

DECEMBER 13, 2022

He’s a loss leader.” They call it whatever compliance tells them to call it. Their compliance has to approve everything. If you’ve done any type of seminar planning like that, you’ll find that, for some reason, some are super profitable, and others maybe not. Terry: Exactly. Terry: Panic.

Planning 130

Planning Profit and Loss Leadership Numbers 130