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. The IRS can potentially charge your organization federal income taxes on your unrelated earnings.

Nonprofit 52

Nonprofit Profit and Loss CFO Communication 52

The Charity CFO

DECEMBER 8, 2023

501(c)(3) donation rules are crucial for any nonprofit organization to understand. Donations are the lifeline of any nonprofit organization. While some nonprofits depend more on government contracts or foundations, many rely on donations from individuals as their primary funding source. What is a tax-exempt status?

Nonprofit 52

Nonprofit CFO Accounting Auditing 52

The Charity CFO

NOVEMBER 3, 2022

Likely to the dismay of many nonprofit leaders, nonprofit organizations must practically live and breathe bureaucracy to maintain their tax-exempt status and ensure the continuation of their mission. What is the Form W-9 for Nonprofits? Reasons Your Nonprofit Might Need to Fill the Form W-9. The type of entity.

Nonprofit 98

Nonprofit CFO Numbers Accounting 98

The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. Nonprofits are subject to a lot of legal and financial scrutiny.

Nonprofit 52

Nonprofit Accounting CFO Accounts Payable 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.

Nonprofit 52

Nonprofit CFO Healthcare Education 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. Furthermore, nonprofit bookkeeping differs in some critical ways from for-profit bookkeeping too.

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

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. . Step #2: What do they own

Nonprofit 98

Nonprofit Finance Auditing Accounts Payable 98

The Charity CFO

MAY 30, 2023

Managing payroll for nonprofit organizations comes with unique requirements and considerations. Ensuring that your nonprofit payroll services are up to the task of withholding payroll taxes, complying with grant regulations, and ensuring compliance and transparency can be a huge lift.

Nonprofit 52

Nonprofit Compliance 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.

Nonprofit 98

Nonprofit Auditing Compliance Accounting 98

The Charity CFO

SEPTEMBER 2, 2022

Not surprisingly, this above-average employee turnover impacted nearly every industry, but it has hit nonprofits and financial professionals particularly hard. . However, nonprofit accountant turnover is not a new problem in the sector. Why Do Nonprofit Accountants Quit? Why Do Nonprofit Accountants Quit?

Nonprofit 98

Nonprofit Accounting CFO Budgeting 98

The Charity CFO

JANUARY 26, 2023

Most people dread filing taxes. The piles of paperwork, long hours, and complicated tax codes can be truly overwhelming. Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. Fortunately, filing taxes for a nonprofit doesn’t need to be stressful.

Nonprofit 52

Nonprofit Accounting Principles Profit and Loss Auditing 52

The Charity CFO

MARCH 3, 2022

Nonprofits are not run to make money. But they do make serious progress. million nonprofits are registered with the IRS. One-quarter of American adults volunteer with a nonprofit, helping their community on a number of issues. You will make a difference as soon as you start a nonprofit. More than 1.5

Nonprofit 96

Nonprofit Budgeting CFO Accounting 96

The Charity CFO

OCTOBER 23, 2023

Keeping your taxes in order is vital for any nonprofit. Let’s take a closer look at the document and why it’s so important for nonprofits. Why is the W-9 Form Important for Nonprofits? A crucial part of that is abiding by tax reporting and compliance requirements. When Would a Nonprofit Need a W-9 Form?

Nonprofit 52

Nonprofit CFO Numbers Compliance 52

The Charity CFO

OCTOBER 2, 2023

Bringing in money from significant contributors like foundations is vital for many nonprofits. Understanding Donations and Loans and Their Impact on Nonprofits It’s important to be clear about what we’re discussing before considering the benefits and drawbacks. Let’s take a closer look. Here are the most critical.

Nonprofit 59

Nonprofit CFO Financial Reporting Finance 59

The Charity CFO

AUGUST 18, 2022

Beyond your mission, you need two big things you need to start a nonprofit organization– money and paperwork. . While most donors believe in your cause, the tax benefit is a significant motivator when raising money. But while your 501(c)(3) application is pending, your organization is not yet officially a tax-exempt entity.

Nonprofit 98

Nonprofit CFO Communication Education 98

The Charity CFO

DECEMBER 22, 2022

Is your nonprofit using 1099 best practices? Nonprofits rely on the generosity of donors and volunteers to support their mission and achieve their goals. But, just like for-profit businesses, nonprofit organizations must also navigate complex tax laws and regulations to remain compliant. This is where form 1099 comes in.

Nonprofit 52

Nonprofit Securities Invoicing Numbers 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.

Nonprofit 52

Nonprofit Compliance CFO Valuation 52

The Charity CFO

NOVEMBER 30, 2023

Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. This guide will help you better understand the common mistakes nonprofits make in their accounting systems.

Nonprofit 52

Nonprofit Auditing Compliance Education 52

The Charity CFO

JANUARY 25, 2022

The Statement of Financial Position is the Balance Sheet of a nonprofit organization. It gives you a snapshot of a nonprofit’s financial health at a point in time by displaying what the organization owns (assets), what it owes to others (liabilities), and its value (net assets). And it’s a requirement for a nonprofit audit.

Nonprofit 98

Nonprofit Auditing CFO Accounting 98

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 52

Nonprofit Accounting Profit and Loss Budgeting 52

The Charity CFO

JANUARY 30, 2024

Many nonprofits use mergers to strengthen their organizations. Ultimately, nonprofit mergers can help an organization better fulfill its mission. Are you considering merging with another nonprofit? A struggling nonprofit might have to close its doors if it can’t find the money to operate.

Nonprofit 52

Nonprofit CFO Auditing Advertising 52

The Charity CFO

APRIL 16, 2022

Donations are the lifeline of any nonprofit organization. While some nonprofits depend more on government contracts or foundations, many rely on donations from individuals as their primary funding source. One essential tool that you can use in your nonprofit is donation tracking software that can help you keep track of incoming gifts.

Nonprofit 52

Nonprofit Auditing CFO Accounting 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. What does an operations manager do?

Nonprofit 98

Nonprofit Budgeting Compliance CFO 98

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.

Nonprofit 59

Nonprofit Banking Compliance CFO 59

The Charity CFO

MAY 11, 2023

Bookkeeping is a critical component of running a successful nonprofit organization. However, managing bookkeeping in-house can be time-consuming and expensive, which is why many nonprofits are turning to outsourced bookkeeping services. As a leader, you’ll have to determine what is right for your nonprofit.

Nonprofit 52

Nonprofit Communication Auditing GAAP 52

The Charity CFO

APRIL 8, 2022

Starting a nonprofit organization can be confusing and tricky, especially if it’s your first time and you don’t have any experience filling out a 501c(3) application. However, filling out the application is an essential step in setting up a nonprofit charity with the full benefits of tax-exempt status.

Nonprofit 52

Nonprofit CFO Accounting Planning 52

The Charity CFO

DECEMBER 27, 2023

According to Forbes, 10% of workers say they’d take a pay cut to get access to better benefits. As a small nonprofit, it can be difficult to determine what benefits mean the most to your employees, especially if you’re working within a strict budget. Employee benefits packages play a big role in attracting and retaining top talent.

Nonprofit 52

Nonprofit Budgeting Profit and Loss Transportation 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.

Nonprofit 52

Nonprofit Compliance CFO Leadership 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. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud. Tax issues and non-compliance with regulatory requirements. Nonprofit fiscal policy. A Nonprofit Budget.

Nonprofit 52

Nonprofit GAAP Budgeting Auditing 52

Barry Ritholtz

MAY 21, 2023

We collect a much smaller share of our GDP in taxes every year. ( New York Times ) • Elon Musk Didn’t Just Do Turkey’s Bidding. Free speech—unless a country doesn’t really do free speech. We have double the child-poverty rate of Germany and South Korea. We have a lot less to go around with, in terms of fighting poverty.

Profit and Loss 116

Profit and Loss Healthcare Nonprofit Leadership 116

The Charity CFO

JANUARY 13, 2022

In-kind donations help your nonprofit get the resources you need to carry out your programs without asking for more cash. Almost any non-cash gift to your nonprofit can be considered an in-kind donation, but most of them fall into one of two categories: goods or services. . Why accounting for in-kind donations matters.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

CFO News Room

JANUARY 15, 2023

Over the last four years, more than 2,000 people have moved to Tulsa, Oklahoma because of Tulsa Remote, a program sponsored by the George Kaiser Family Foundation (GKFF) that pays remote workers $10,000 to move. Remote workers have high-paying jobs, and that income trickles out into Tulsa as they spend it. . “In It’s a win-win.” .

Economics 130

Economics Nonprofit Planning Education 130

CFO Strategic Partners

JANUARY 18, 2023

As businesses close the books for the year and prepare for tax returns, CPAs can often get a clearer picture when their clients need more help in accounting. We offer a scalable, flexible solution, so our clients only pay for the services they need.

CFO 52

CFO Auditing Nonprofit Reconciliations 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. Here’s a look at some of the qualifications you should look for in a nonprofit finance director and tips on how to verify those qualifications: Qualifications For A Nonprofit Finance Director.

Nonprofit 52

Nonprofit Finance Strategic Planning Budgeting 52

PYMNTS

AUGUST 11, 2020

“While there’s a lot we don’t know, we do know a few things about what scammers do when this kind of uncertainty is in the headlines,” wrote by Jennifer Leach, associate director of FTC’s Division of Consumer and Business Education, on the agency’s blog.

Nonprofit 69

Nonprofit Education Economics Securities 69

CSC Advisors

JUNE 13, 2022

Small businesses and nonprofits in declared disaster areas may qualify for these loans to receive the help they need. When you apply for this loan, you can include any insurance proceeds you've had to pay. Usually, this will include money you pay to an outstanding mortgage on a damaged building. The Secretary of Agriculture.

Nonprofit 52

Nonprofit Economics Banking Finance 52

PYMNTS

NOVEMBER 22, 2019

Wayfair ruling allowed counties, states and municipalities to pass laws to tax out-of-state sellers and the eCommerce marketplaces that serve them, but the ruling did not disclose specifications on what such laws must look like. Governments and businesses have recently been fighting in court over disputes regarding remote seller tax policies.

Compliance 63

Compliance Nonprofit Sales eCommerce 63