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Do You Need a Nonprofit CFO?

The Charity CFO

What do many successful nonprofits have in common? Good financial management. In nonprofits, managing your finances effectively is essential to running a sustainable organization. Not only does good financial management help keep your organization running, but it also helps bolster trust in your nonprofit.

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Tips for cash management for a nonprofit organization

The Charity CFO

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.

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7 Essentials Of Nonprofit Financial Management

The Charity CFO

Many nonprofit organizations tend to let their financial management slip on the backburner as they get busy fulfilling their mission. Sure, your mission should be a priority, but managing finances can’t be neglected either. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud.

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Why Do Nonprofit Accountants Quit?

The Charity CFO

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?

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Working as a Team: Forming your advisory financial committee

The Charity CFO

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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PODCAST: Understanding Fundraising & Human Behavior

The Charity CFO

Why do people give to nonprofits?”. And while he’s found that the answers vary wildly, he’s managed to identify some core principles that can predictably boost giving to your nonprofit. The biggest communication problem most nonprofits face (13:25). For more nonprofit accounting resources check out www.thecharitycfo.com.

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FAIR, National Institute of Standards and Technology Come Together To Publish New Resource

PYMNTS

The FAIR Institute , a nonprofit aimed at developing standard information risk management practices, announced on Thursday (Aug. The NIST CSF has helped lots of companies report on the maturity level of their cybersecurity practices and their progress toward meeting their goals.