Nonprofit MDA CFO attributes $5M cost reduction to streamlined operations, tech
CFO Dive
MAY 16, 2024
Since rising to the CFO chair in 2018, Michael Kennedy pared down the nonprofit’s back-end from 65 systems to one platform.
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CFO Dive
MAY 16, 2024
Since rising to the CFO chair in 2018, Michael Kennedy pared down the nonprofit’s back-end from 65 systems to one platform.
The Charity CFO
APRIL 11, 2025
The Nonprofit Budget Balancing Act: Crafting Budgets for Fundraising Success Nonprofit leaders know all too well that crafting budgets isnt just about numbersits about storytelling. Why Nonprofits Need Multiple Budgets Different funders have different priorities. For guidance, refer to our nonprofit budgeting best practices.
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Doing More With Less: The Modern Finance Miracle
How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies
From Curiosity to Competitive Edge: How Mid-Market CEOs Are Using AI to Scale Smarter
Protect What Matters: Rethinking Finance Ops In A Digital World
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
The Charity CFO
MARCH 26, 2025
In this episode of A Modern Nonprofit Podcast , Tosha Anderson and branding expert Seth Donlin unpack why personal branding is no longer optional for nonprofit leadersand how it can drive deeper donor engagement, visibility, and trust. Make it clear why you do this work. Thats why your brand should never be tied to one job title.
Doing More With Less: The Modern Finance Miracle
How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies
From Curiosity to Competitive Edge: How Mid-Market CEOs Are Using AI to Scale Smarter
Protect What Matters: Rethinking Finance Ops In A Digital World
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
The Charity CFO
APRIL 25, 2025
Is Your Leadership Holding Back Your Nonprofit? Sometimes, the biggest obstacle to transformation in a nonprofit isnt lack of funding, staff turnover, or outdated systems. From Silos to Alignment Whether you lead a $500K nonprofit or a $50M one, your departments dont naturally align themselves. Its leadership.
The Charity CFO
APRIL 1, 2025
At The Charity CFO , weve worked with hundreds of nonprofits (if not thousands)and reviewed thousands of financial systemsover the past decade. From grassroots organizations to $20M+ institutions, weve seen firsthand what sets high-performing nonprofits apart. Its not just about clean books or audit prep.
The Charity CFO
JANUARY 29, 2025
In the latest episode of A Modern Nonprofit Podcast, host Tosha Anderson sits down with Howard Levy, branding and marketing strategy expert from Red Rooster Group , to discuss the importance of brand strategies for nonprofits and how organizations can keep their brands relevant in today’s rapidly changing landscape.
The Charity CFO
JANUARY 22, 2025
In a recent episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Quilen Blackwell, president and co-founder of Chicago Eco House , to discuss his journey in scaling a nonprofit organization. Read more about scaling a nonprofit here. Having legal counsel on retainer became essential.
CFO Dive
JULY 25, 2024
The former finance chief breached his fiduciary duty and caused “enormous financial devastation,” according to the complaint.
The Charity CFO
MAY 12, 2025
When youre running a nonprofit, its tempting to think of accounting as something you can get by withmaybe its a part-time admin, a volunteer with QuickBooks experience, or a reactive scramble at tax time. Build the Right Foundation At The Charity CFO, weve worked with hundreds of nonprofits of all shapes and sizes.
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!) Keeping that in mind, let’s go over what we’ve learned at The Charity CFO While supporting hundreds of nonprofits with their budgets. Start with Your Mission Your nonprofits budget exists to advance your mission.
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?
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.
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.
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?”
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.
The Charity CFO
FEBRUARY 13, 2025
As a nonprofit leader, you’re passionate about your mission. At The Charity CFO, we’ve seen firsthand how understanding these key areas can transform your nonprofit’s financial health. At its core, a nonprofit exists for a mission. You should be.
CFO News Room
NOVEMBER 27, 2022
In today’s ESG-focused world, there is no taboo about corporations seeking advice and partnership opportunities with nonprofits. What contact they have had with nonprofits has usually been through their corporate giving or corporate social responsibility programs. The very best nonprofits have much to teach corporations.
The Charity CFO
JANUARY 22, 2025
Many nonprofit leaders think accounting belongs solely to their CFO or accountant. The truth is, many successful nonprofits empower leaders to manage their own department budgets. In this article, well explore why financial management is a shared responsibility and how nonprofits can use this strategy to drive their missions forward.
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. The good news?
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?
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. ” Jason Kruger Too many nonprofit leaders believe an annual audit guarantees financial security. Think again. Audits wont catch it.
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.
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.
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?
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.
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.
Cube Software
FEBRUARY 14, 2025
What is budget software for nonprofits? Budget software for nonprofits provides organizations with the tools to manage financial planning, monitor expenses, and generate reports while maintaining compliance with grant restrictions and donor requirements.
Capital CFO LLC
OCTOBER 23, 2023
Introduction Nonprofit agenda management at its core is a game changer. Building the right agenda is a tool in your […] The post Nonprofit Agenda Management: Empowering Organizational Success appeared first on Capital CFO+. It helps you to run efficient, effective and productive meetings.
CFO Dive
SEPTEMBER 27, 2023
The criminal charges follow a three-year investigation by the state of Florida into misconduct by the nonprofit’s former CEO and CFO.
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.
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.
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. .
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.
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. How to prepare for your nonprofit audit: Step 1: The Roadmap.
Capital CFO LLC
DECEMBER 2, 2024
In the nonprofit sector, financial management plays a critical role in ensuring that an organization not only sustains its mission but thrives in delivering its services and programs. Often, the person at the helm of financial stewardship is the Chief Financial Officer (CFO).
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?
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. No, you don’t always need a nonprofit audit in order to qualify for federal grant funding. . Don't hire the wrong accountant for your nonprofit! Get the free guide!
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. Missed state or federal deadlines can even put your nonprofit status at risk. Youre playing with fire.
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. And they create a lot of confusion for people new to the nonprofit sector. Nonprofits are fundamentally different from other businesses. What is Financial Oversight?
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?
VCFO
JANUARY 10, 2023
How Nonprofits Can Attract and Retain Talented Employees. With for-profit organizations offering top-tier pay rates and shoring up gaps in other areas of hiring and recruitment, nonprofits are finding it tougher than ever to get and keep the employees they need to carry out their mission and serve their communities.
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. . On paper, they were a flourishing organization— a model of nonprofit success.
The Charity CFO
SEPTEMBER 22, 2022
Nonprofits exist to meet a societal need or provide a public benefit. Unlike an organization whose primary goal is to make money, nonprofits exist to meet a community’s needs. That said, while it’s not your primary purpose, your nonprofit must find ways to make money. . How do nonprofits make money?
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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