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How to Define and Track Your Nonprofit Goals

The Charity CFO

Setting nonprofit goals is critical to growing in a manageable way that supports your mission and employees. And one of the most vital steps toward reaching those goals is setting up the proper system to track key aspects of your progress. Well, this definitely applies to nonprofit goals.

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Defining Your Nonprofit KPIs

The Charity CFO

A key performance indicator (KPI) is a data metric you can use to gauge the overall success of your nonprofit organization. You can use KPI data to track your organization’s performance in various areas, such as finance or operations. This, of course, is what makes defining nonprofit KPIs complicated.

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How to Fix Your Nonprofit Accounting

The Charity CFO

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 accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. Keep reading to learn more.

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Donation vs. Loan: Can a Foundation Give Money to a Nonprofit?

The Charity CFO

Bringing in money from significant contributors like foundations is vital for many nonprofits. It helps keep the lights on and achieve the organization’s goals with large chunks of cash rather than forcing them to chase down many small donors. Let’s take a closer look.

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Hiring your nonprofit’s first employee? Here’s what you need to know

The Charity CFO

When hiring your first employee at a growing nonprofit, it is crucial to understand the essential steps to hiring. Before hiring a new employee for your organization, it’s crucial to ensure it’s the right move. Understand your budget and resources to ensure you can sustain the new hire long-term.

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A Beginner’s Guide to Nonprofit Budgeting

The Charity CFO

Nonprofits are not run to make money. 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. You will make a difference as soon as you start a nonprofit.

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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.