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.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

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 That may include.

Nonprofit 98

Nonprofit Budgeting Compliance CFO 98

The Charity CFO

NOVEMBER 8, 2023

But it’s often not the case at many charities and nonprofits, which can gauge an employee’s value by their impact, not just their hours spent in the office. Let’s take a closer look at how and when it’s best used. In other cases, it may not be up to your organization.

Nonprofit 52

Nonprofit Data Analysis Compliance Budgeting 52

The Charity CFO

SEPTEMBER 20, 2023

No matter what corner of the nonprofit world you find yourself in, every organization has one thing in common – the need for nonprofit operating reserves. While it may sound complex, it’s a vital part of the financial picture for nonprofit leaders to consider. What is a Nonprofit Operating Reserve?

Nonprofit 59

Nonprofit CFO Budgeting Securities 59

The Charity CFO

MARCH 24, 2022

Nonprofit fraud makes for great headlines— like the Minnesota nonprofit Feeding Our Future accused this year of squandering $48 million of federal funding on luxurious trips, fancy mansions, and other personal costs. . According to The New York Times , the value of nonprofit fraud is approximately $40-50 Billion each year.

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

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.

Nonprofit 52

Nonprofit Budgeting Risk Management CFO 52

The Charity CFO

JUNE 26, 2023

Whether you’re a new organization or an established one working to get its finances under better control, there are few more important things to get right than your nonprofit operating budget. It serves as the backbone of your nonprofit’s spending, fundraising, and much more.

Nonprofit 52

Nonprofit Budgeting Benchmarking CFO 52

Centage

FEBRUARY 2, 2023

With less cash to count on, knowing your cash flow position has never been more important: how much is really in the bank, how much is available on short notice, what revenues are coming in and when, and what resources are going out. It isn’t your revenue. How much cash will be coming in?

Cash Flow Forecasting 98

Cash Flow Forecasting Forecasting Financial Planning and Analysis (FP&A) Budgeting 98

Nerd's Eye View

JANUARY 31, 2024

Under the new law, non-spouse beneficiaries (with few exceptions) must now withdraw the entirety of an inherited IRA within 10 years of the account owner's passing rather than over their own lifetimes. This allows the account to grow on a tax-deferred basis, with income to beneficiaries being taxed when distributions are made.

Nonprofit 84

Nonprofit Tax Planning Planning Accounting 84

The Charity CFO

JUNE 10, 2022

Your finance committee spends the most time analyzing and studying your nonprofit’s numbers, yet your entire board of directors is responsible for financial oversight. Doing so helps you ensure your team truly understands your finances and can help you do your job more effectively.

Nonprofit 52

Nonprofit Finance Strategic Planning Cash Flow Forecasting 52

The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting.

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

The Charity CFO

FEBRUARY 25, 2022

If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. Because even if you only have one bank account, bill, investment, or expense, you’ll need one. What is a Chart of Accounts? How to Organize a Nonprofit Chart of Accounts .

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

The Charity CFO

FEBRUARY 17, 2022

Why does your nonprofit need an operating reserve? . A report released last year by Candid and the Center for Disaster Philanthropy estimated the worst-case scenario would lead to the closure of 38% of nonprofits in the United States. What is a nonprofit operating reserve? . Revenue sources: .

Nonprofit 98

Nonprofit Budgeting CFO Math 98

The Charity CFO

DECEMBER 28, 2022

As a nonprofit leader, your financial stewardship is important to remain compliant with the IRS. One way to ensure you remain within the confines of your tax-exempt status is to file and share a number of financial statements. This helps build trust and transparency-the two single most important assets for your organization.

Nonprofit 52

Nonprofit GAAP Accounting CFO 52

The Charity CFO

JANUARY 12, 2022

How do you grow your mission without chasing the money? Are you a nonprofit leader struggling with how prioritize revenue to avoid the trap of money becoming the mission? Curious about how you can be sure a new revenue stream is a great fit for your organization? A Modern Nonprofit Podcast.

Nonprofit 52

Nonprofit Prioritization Communication Accounting 52

The Charity CFO

APRIL 15, 2022

During the “Great Recession,” nonprofits have lost their accountants and financial directors at record rates. At the same time, hundreds of nonprofits are waking up to realize that the financial structure they’ve always relied on doesn’t work as well any more. So why do accountants leave nonprofit organizations?

Nonprofit 52

Nonprofit Accounting CFO Problem Solving 52

The Charity CFO

APRIL 6, 2022

Why is it so hard for nonprofits to find the help they need? From choosing a fundraising software to getting financial advice to finding a grant writer, nonprofits struggle to find good help. So how did a former VP at Goldman Sachs end up serving nonprofits? Find out in this week’s episode of A Modern Nonprofit Podcast.

Nonprofit 52

Nonprofit Education Budgeting Accounting 52

The Charity CFO

APRIL 27, 2022

Why do people give to nonprofits?”. And while he’s found that the answers vary wildly, he’s managed to identify some core principles that can predictably boost giving to your nonprofit. In this episode, you’ll discover: How human behavior impacts fundraising (4:00). Why you need to “humanize” your communication.

Nonprofit 98

Nonprofit Communication Accounting Advertising 98

The Charity CFO

DECEMBER 22, 2021

Ever wondered why so many nonprofits are stuck in their financial struggles that they end up failing their communities? Want to make sure your nonprofit doesn’t suffer the same fate? Chyla is the Founder and CEO of CNRG Accounting Advisory. And why nonprofits need to learn to put themselves first. (2:47).

Nonprofit 90

Nonprofit Budgeting Accounting Planning 90

The Charity CFO

MARCH 2, 2022

I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. 99% of nonprofit founders we work with don’t have a background in finance. Key questions to ask if your books are out-of-date (5:50). A Modern Nonprofit Podcast. I’m your host today?

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

Barry Ritholtz

AUGUST 29, 2022

All of our earlier podcasts on your favorite pod hosts can be found here. ~~~. He is the author of several books, most recently, “The Bogle Effect,” how John Bogle and Vanguard turned Wall Street inside out and saved investors trillions. So — so let’s talk a little bit about the home field advantage and your career.

Profit and Loss 64

Profit and Loss Marketing Investments Benchmarking 64

Barry Ritholtz

APRIL 11, 2023

All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.  The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. I found our conversation to be absolutely fascinating. RITHOLTZ: Right.

Valuation 114

Valuation Education Finance Investments 114

CFO News Room

JANUARY 12, 2023

Texans,’ he said, ‘can show America how to unite around issues that are larger than race or party,’ Today, two of the most high-profile and widely discussed potential presidential aspirants—Florida Gov. Lots of forest sounds. * * *. But what is government itself, but the greatest of all reflections on human nature?”

Economics 130

Economics Numbers Nonprofit Accounting 130