The Charity CFO

FEBRUARY 20, 2025

Nonprofit budgeting may be a source of dread for many, but there are ways to make the process (and outcome!) A well-crafted budget is a reflection of your mission and a roadmap to financial sustainability. Start with Your Mission Your nonprofits budget exists to advance your mission. much better.

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Nonprofit Budgeting Prioritization CFO 52

The Charity CFO

APRIL 20, 2025

The Nonprofit Guide to Smart Digital Marketing If you’re a nonprofit leader feeling overwhelmed by digital marketingor unsure if your website is even helping you anymorethis episode of A Modern Nonprofit Podcast is for you. Is Your Website Working for You? What do you do? Why do you do it? Who do you serve?

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Nonprofit Marketing CFO Communication 65

The Charity CFO

JANUARY 22, 2025

Many nonprofit leaders think accounting belongs solely to their CFO or accountant. But what if the key to financial clarity and stability lies in sharing the load? The truth is, many successful nonprofits empower leaders to manage their own department budgets. Teams need collective accountability to stay agile and informed.

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Nonprofit Leadership Accounting Budgeting 52

The Charity CFO

JANUARY 15, 2025

Nonprofit success depends on many things. In the latest episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Paul Morris, Executive Fundraising Coach at Auxilia , to discuss the critical partnership between finance and development in nonprofits. Learn more about compliance requirements for nonprofits here.

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Nonprofit Finance Budgeting Leadership 52

The Charity CFO

MARCH 13, 2025

Is Your Nonprofit Ready for Increased Funding Scrutiny? Heres How to Prepare The financial landscape for nonprofits is shifting, and the pressure is mounting. With government funding and donor contributions facing heightened scrutiny, nonprofit leaders must ensure their financial systems are rock solid.

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Nonprofit Auditing Compliance Leadership 52

The Charity CFO

FEBRUARY 19, 2025

The Power of Mission Clarity in Nonprofit Fundraising In this enlightening episode of A Modern Nonprofit Podcast, host Tosha Anderson engages in a thought-provoking conversation with Erin Straza, CEO and Chief Donor Engagement Strategist for nonprofits at ErinStraza.com.

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Nonprofit Communication CFO Prioritization 52

The Charity CFO

FEBRUARY 26, 2025

In the latest episode of A Modern Nonprofit Podcast, host Tosha Anderson sits down with Drew Reynolds, Principal Consultant at Common Good Data , to explore the critical intersection of data, storytelling, and fundraising in the nonprofit sector. And what did you learn from it?”

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Nonprofit Strategic Planning Problem Solving Education 52

The Charity CFO

FEBRUARY 13, 2025

As a nonprofit leader, you’re passionate about your mission. But to truly make an impact, you need to master the financial skills that will keep your organization thriving. At The Charity CFO, we’ve seen firsthand how understanding these key areas can transform your nonprofit’s financial health.

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Nonprofit Strategic Planning CFO Budgeting 52

The Charity CFO

DECEMBER 23, 2024

Successful nonprofits and for-profit businesses alike use a variety of key performance indicators (KPIs) to help track their organizations performance. This guide will explore some of the most common nonprofit KPIsincluding how to calculate themto help you pick the right KPIs for your nonprofit.

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Nonprofit Numbers Profit and Loss Concentration 52

The Charity CFO

OCTOBER 28, 2024

In a recent episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Dr. Tiffany Slater, an nonproift HR expert and founder of HRTailorMade. The conversation centered around common HR risks faced by nonprofit organizations and best practices for avoiding potential pitfalls. Want to jump right in?

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Nonprofit Budgeting Compliance Prioritization 59

The Charity CFO

MARCH 6, 2025

The Importance of Setting Goals and Tracking Them in Nonprofit Management As nonprofit leaders, one of our biggest responsibilities is to set clear expectations, measure progress, and hold teams accountable. Why Nonprofits Need Data KPIs allow nonprofit leaders to: Set measurable goals for fundraising, programs, and operations.

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Nonprofit Accounting CFO Compliance 52

The Charity CFO

MARCH 20, 2025

The Silent Threat Lurking in Your Nonprofit Think your nonprofit is safe from fraud? Fraud happens in nonprofits far more often than leaders realizeand its not just the obvious scams. Its the trusted employees padding expense reports, the volunteer quietly redirecting donations, the longtime bookkeeper creating fake vendors.

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Nonprofit Auditing Accounting Standards CFO 52

The Charity CFO

MAY 6, 2025

Building a Grant Team That Works: The 6 Roles Every Nonprofit Needs Grant writing is more than just a skillits a strategy. Too many nonprofits are flying solo, reacting to deadlines instead of building a system that works. Grouping the Roles: Work Smarter, Not Harder Most nonprofits cant hire six new people. And thats okay.

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Nonprofit CFO Construction Finance 52

The Charity CFO

MAY 13, 2025

Top 5 Signs Your Accounting Is a Mess (And How to Fix It) When your nonprofits finances feel offbut you cant quite put your finger on whyits often because the accounting system is quietly unraveling behind the scenes. Monthly financial reports should be shared with leadership on a consistent timeline. Youre playing with fire.

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Accounting Nonprofit Reconciliations CFO 82

The Charity CFO

DECEMBER 23, 2024

As a nonprofit leader, you’re constantly looking for ways to streamline operations and maximize resources. As a nonprofit organization, there are many pitfalls around payroll and you need to be aware of the rules. Many nonprofits handle payroll in-house or outsource to a payroll provider.

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Nonprofit Compliance CFO Risk Management 52

The Charity CFO

MARCH 12, 2025

If your nonprofit isnt engaging corporate partners, youre leaving money, volunteers, and long-term support on the table. But too many nonprofits miss out. Why Nonprofits Should Care Corporate volunteer programs like this exist everywhere, but they need nonprofits to partner with. The corporate world is changing.

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Nonprofit CFO Leadership Advertising 76

The Charity CFO

MARCH 4, 2025

Surviving (and Thriving) in Fundraising: The Nonprofit Wake-Up Call Lets be honestfundraising isnt getting any easier. In fact, if it feels like raising money for your nonprofit has become an uphill battle, thats not just a feeling. He dropped some truth bombs that nonprofit leaders need to hear. So, whats the game plan?

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Nonprofit CFO Budgeting Sales 52

The Charity CFO

JUNE 4, 2025

Thats what I told myself for years… And then I left the nonprofit world and entered the for-profit sectorand I realized just how wrong I was.” His journey from nonprofit development to business development gave him a new appreciation for what fundraisers can learn from for-profit sales teams.

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Sales Nonprofit CFO Forecasting 73

The Charity CFO

APRIL 2, 2025

When it comes to Federal Single Audits , nonprofits often make costly mistakes that lead to compliance issues, financial weaknesses, and material deficiencies. Below, we break down the top audit findings and what nonprofits need to know to stay compliant. Make sure your documentation is complete.

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Auditing Nonprofit Compliance CFO 82

The Charity CFO

DECEMBER 4, 2024

In the latest episode of A Modern Nonprofit podcast, host Tosha Anderson sat down with Sawyer Nyquist, a data expert who specializes in analytics and data management for nonprofits. ” From Data Warehouse to Decision Driver The conversation touched on the evolution of data use in nonprofits. .

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Nonprofit Forecasting CFO Leverage 52

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. He encouraged organizations to think creatively and start small if necessary.

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Nonprofit Leadership Performance Measuring CFO 52

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?

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Nonprofit Leadership Prioritization Problem Solving 52

The Charity CFO

APRIL 29, 2022

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. What is a financial statement audit?

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Nonprofit Auditing General Ledger Reconciliations 98

The Charity CFO

MAY 6, 2022

According to The Nonprofit Times, almost 80% of all nonprofit revenue comes from the US government in the form of federal grant funding or fees for services. Your financial system must be in good working order before you even consider applying for federal funding. Don't hire the wrong accountant for your nonprofit!

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Nonprofit Auditing Financial Systems CFO 111

The Charity CFO

APRIL 12, 2022

Cash flow isn’t just an issue for small nonprofits that depend on donations to meet payroll each month. A lack of cash on hand impacts nonprofit organizations of all sizes. A few years ago, we were working with a fully-funded nonprofit. . After all, their financial reports showed they had much more revenue than expenses.

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Nonprofit Accounting CFO Accounts Payable 101

The Charity CFO

JUNE 10, 2025

In this candid and honest conversation on A Modern Nonprofit Podcast , Tosha Anderson chats with ENGin founder Katerina Manoff about the realities of nonprofit board leadership—and how to finally create a board that serves your mission instead of slowing it down. What if the problem with your board… wasn’t your board?

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Nonprofit Leadership CFO Communication 56

The Charity CFO

MAY 20, 2025

Tosha Anderson The Hidden Cost of Poor Training In a nonprofit world defined by high turnover, tight budgets, and relentless mission work, training is too often an afterthought. Graham recommends nonprofit leaders begin by asking team members: What do you need to perform your job with excellence? Get the free guide!

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Nonprofit Budgeting Entertainment Leadership 52

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?

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Nonprofit Accounting GAAP Accounting Principles 92

The Charity CFO

MAY 18, 2022

Financial oversight is one of the primary roles of your nonprofit board of directors. . Every nonprofit is required to have a board of directors. But, in practice, the terms fiduciary duty or financial oversight are a bit ambiguous. And they create a lot of confusion for people new to the nonprofit sector.

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Nonprofit Auditing Compliance Budgeting 98

The Charity CFO

APRIL 29, 2025

Build a Strong Leadership Team with Financial and Operational Accountability Behind every financially sound nonprofit is a leadership team that doesnt just care about the missionbut also owns the outcomes. Explore how leadership may be holding your nonprofit backand how to fix it. Are they financially literate?

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Leadership Accounting Nonprofit CFO 74

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. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. .

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Nonprofit Invoicing General Ledger Accounting 84

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 93

The Charity CFO

JULY 30, 2024

So, Alyssia started looking for a career in the nonprofit space. Between these two roles, she learned in tremendous detail about the nonprofit industry and gained confidence in how these organizations can work together to solve the world’s most complex problems. Do You Struggle to Make Sense of Your Financial Statements?

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Nonprofit Leadership Education CFO 98

The Charity CFO

MAY 31, 2024

Transparency and accountability are two of the most important factors in nonprofit accounting. Being transparent in your nonprofit accounting helps build trust in your organization. But what financial reports are most important to build that trust through transparency with your board of directors?

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Nonprofit Financial Reporting Budgeting CFO 52

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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Nonprofit Auditing Compliance CFO 90

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. with this overview of nonprofit accounting basics. . And guess what?

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Nonprofit Accounting Profit and Loss Accounts Payable 89

The Charity CFO

DECEMBER 30, 2021

Contrary to what many people envision, a nonprofit audit doesn’t usually start with a letter from the IRS. Instead, an independent nonprofit audit is something you choose to build trust in your nonprofit organization. An audit can be a critical step for a growing nonprofit that needs to raise increasing amounts of funds.

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Nonprofit Auditing GAAP Accounting Principles 84