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How Nonprofits Can Choose the Right Banking Partner

The Charity CFO

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. Read on as we break down why this decision is so important and explore how to size up potential bank choices.

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Statement of Activities: Reading a Nonprofit Income Statement

The Charity CFO

The Statement of Activities is the Income Statement of a nonprofit organization. As a nonprofit, you call the difference between revenue and expenses the change in net assets. . But it’s also an excellent tool for understanding just how healthy your business is. Revenue: How much money did you receive ? . Or profit. .

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When Does Your Nonprofit Need an Audit?

The Charity CFO

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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5 Warning Signs of Nonprofit Cash Flow Issues

The Charity CFO

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. . On paper, they were a flourishing organization— a model of nonprofit success.

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The World Gets Its Libra Look — And Is Divided On What It Sees

PYMNTS

That move includes new rails (the Libra Blockchain), the new currency (Libra), and the new Geneva-headquartered nonprofit (the Libra Association) that will act as its governing network structure and hold the Libra reserves. billion people in the world without access to a bank account the ability to have one at no, or a low, cost.

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Data Privacy Strategies for Modern Nonprofits

The Charity CFO

For over 20 years, nonprofits struggled to take data privacy seriously. This week on A Modern Nonprofit Podcast we discuss today’s biggest cybersecurity threat and how nonprofits can use technology without putting themselves at risk. For more information on how to improve your data privacy, visit joindeleteme.com.

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Unlocking Growth By Asking For A Referral And Showing Value

CFO News Room

Executive Summary. Welcome back to the 311th episode of the Financial Advisor Success Podcast ! My guest on today’s podcast is Terry Parham Jr.

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