The Charity CFO

MARCH 28, 2024

Your nonprofit accounting system might not be the most exciting part of your organization, but it’s one of the most important aspects. An effective nonprofit accounting system also helps your organization stay transparent, manage funds wisely, and build trust with donors and the public.

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Nonprofit Accounting Budgeting Compliance 52

The Charity CFO

MARCH 21, 2024

As Tosha mentions, a survey produced by BDO stated that 45% of nonprofits are going to combat inflation through fundraising efficiencies. The entire idea is essentially saying, how does the nonprofit get more out of doing less? Do You Struggle to Make Sense of Your Financial Statements? But what does that really mean?

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Nonprofit Math CFO Economics 52

The Charity CFO

MARCH 27, 2024

As a nonprofit leader, you’ve probably heard of QuickBooks or may have even used it before. And you might be wondering if you can use QuickBooks for your nonprofit accounting. The answer is yes, QuickBooks Online can be configured for nonprofit use. Nonprofits also need to record expense receipts.

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The Charity CFO

MARCH 6, 2024

On today’s episode of A Modern Nonprofit Podcast , our special guest is the one and only Tosha Anderson, our very own founder and CEO. The conversation today has a very simple focus, 5 red flags that your nonprofit accounting needs improvement, even when it may not be recognized. Revenue in business works best when it’s consistent.

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Nonprofit Accounting Reconciliations Invoicing 59

The Charity CFO

MARCH 22, 2024

How does your nonprofit make strategic decisions? Additionally, leaders can use data to tell the story of their organizations, giving you a better overall picture of the state of your nonprofit. Learn more about using data for decision-making in your nonprofit in this complete guide. What Does Nonprofit Data Look Like?

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Nonprofit Leadership Benchmarking Leverage 52

The Charity CFO

JANUARY 22, 2024

The nonprofit exists today to provide a central network for America’s Heroes to find volunteers willing to board their pets during times of service or hardship. Alisa mentions in the interview that her start literally began with two books: HTML for Dummies and Nonprofit for Dummies. Alas, Dogs on Deployment (DoD) was then created.

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Nonprofit CFO Education Investments 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.

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Nonprofit CFO Healthcare Education 52

The Charity CFO

MARCH 13, 2023

Fundraising ideas for nonprofits are one of the more exciting ways to add needed momentum to your mission. The idea behind nonprofits is to support the public good. million nonprofits in the United States, there are countless organizations available to provide shelter, medical assistance, and education, you name it! With over 1.3

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The Charity CFO

APRIL 20, 2023

How can nonprofit accounting software help your organization with efficiency? For-profit companies have long used accounting software to track their financial transactions and monitor their bottom lines. Where to start with nonprofit accounting software Nonprofits have to comply with strict financial accounting standards.

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The Charity CFO

FEBRUARY 27, 2024

Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. Tracking your budget helps with overall budget management, which contributes to your financial stability and the success of your nonprofit mission.

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The Charity CFO

APRIL 23, 2024

On today’s episode of A Modern Nonprofit Podcast, we have the Executive Director of Only Make Believe, Tamela Aldridge. A Day in the Life of an Executive Director An Executive Director of a nonprofit organization typically wears many hats. Do You Struggle to Make Sense of Your Financial Statements? Get the free guide!

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Nonprofit Leadership Problem Solving Education 52

The Charity CFO

APRIL 9, 2024

Good morning from a Modern Nonprofit Podcast! Today we have a financial professional & co-founder of Fairlight Advisors, Maya Tussing. Maya and her team specialize in investing for nonprofit organizations. And the Treasurer’s job is to be a financial steward of the organization for today’s purpose and tomorrow’s.

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Nonprofit Finance CFO Accounting 52

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.

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Nonprofit Finance CFO Compliance 68

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.

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Nonprofit CFO Auditing Advertising 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 98

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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The Charity CFO

OCTOBER 19, 2022

In this episode, A Modern Nonprofit Podcast host Tosha Anderson comes to you directly, to talk about the 5 biggest myths she’s encountered time and again while working with nonprofits. Don’t be misinformed, join Tosha as she reveals the truth behind concepts that tie nonprofit founders, board members, and bookkeepers in knots.

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Nonprofit Accounting CFO Financial Reporting 95

The Charity CFO

NOVEMBER 15, 2023

If you’re like most nonprofit leaders, you probably have questions — and possibly mixed feelings — about nonprofit debt. That’s because you’ve also probably received mixed messages about nonprofits and debt. Nonprofits aren’t often encouraged to take on debt. the why behind nonprofit debt.

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Nonprofit Budgeting Risk Management CFO 52

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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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.

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Nonprofit Compliance CFO Valuation 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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The Charity CFO

DECEMBER 7, 2023

Welcome back to the Modern Nonprofit Podcast at The Charity CFO. Whether you are a consistent listener or joining for your first time, the podcast dives deep into the world of nonprofits, and sometimes for profit spaces to share industry specific principles, unique business practices, and much more. Based out of St.

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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. .

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The Charity CFO

OCTOBER 13, 2023

The mission is simple, to connect nonprofit organizations with corporate excess inventory. WIN Warehouse Catalog To clarify, WIN Warehouse is a nonprofit organization, which is key to how everything works. In essence, corporations have the need to get rid of old supplies and nonprofits need the supplies to go about business function.

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Nonprofit Profit and Loss Math CFO 97

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.

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Nonprofit Banking Compliance CFO 59

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. Nonprofits with excess holdings may face an excise tax on the value of shares over the limit.

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Nonprofit Profit and Loss CFO Communication 52

The Charity CFO

OCTOBER 2, 2023

Bringing in money from significant contributors like foundations is vital for many nonprofits. However receiving funds in these two ways can mean significant differences from a financial, legal, and operational standpoint. Donations refer to any financial gift that isn’t expected to be paid back at any point.

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Nonprofit CFO Financial Reporting Finance 59

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. There are more than 1.54

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Nonprofit Budgeting Compliance CFO 98

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 98

The Charity CFO

JANUARY 12, 2024

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. The best way to do this is through financial forecasting.

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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.

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Nonprofit Accounting Profit and Loss Budgeting 52

The Charity CFO

APRIL 5, 2023

In order to confidently run your organization, it’s important to have a strong understanding of nonprofit compliance requirements. Running a nonprofit is no small feat. What Does Nonprofit Compliance Mean? However, compliance is not always very straightforward and it can be a huge task to undertake on your own.

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Nonprofit Compliance Auditing Accounting 52

The Charity CFO

SEPTEMBER 14, 2022

If you know only one thing about 501(c)(3) nonprofit organizations , you probably know that they don’t pay federal taxes on their income. . So how do you know if your nonprofit organization has taxable unrelated business income? Not Sure If Your Nonprofit Income Is Taxable Or Not? But what if I told you that’s not always true?

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Nonprofit Profit and Loss Education CFO 98

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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The Charity CFO

AUGUST 21, 2023

Nonprofit communications can be complicated, and sometimes awkward. But while it’s relatively easy to raise funds in dire situations or emergencies, getting donors to invest can be trickier when your charity seems financially stable. Think about an operating reserve as a sort of savings account and safety net for the nonprofit.

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Nonprofit Communication Education CFO 52

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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The Charity CFO

JANUARY 5, 2022

Functional expense reporting confuses many first-time nonprofit bookkeepers and executives. But it is need-to-know-information in the nonprofit world. Because you’re required to report functional expenses to complete your IRS 990 and maintain nonprofit status. Don't hire the wrong accountant for your nonprofit!

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