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.

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Nonprofit GAAP CFO Leverage 52

CFO Dive

JULY 25, 2024

The former finance chief breached his fiduciary duty and caused “enormous financial devastation,” according to the complaint.

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Nonprofit CFO Finance 301

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.

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Nonprofit Budgeting Prioritization CFO 52

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.

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Nonprofit Finance Budgeting Leadership 52

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.

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Nonprofit Communication CFO Prioritization 52

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?”

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Nonprofit Strategic Planning Problem Solving Education 52

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.

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Nonprofit Numbers Profit and Loss Concentration 52

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.

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Nonprofit CFO Construction Finance 52

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.

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Nonprofit Strategic Planning CFO Budgeting 52

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.

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Nonprofit Leverage Education Communication 130

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.

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Nonprofit Leadership Accounting Budgeting 52

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?

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Nonprofit Auditing Compliance Leadership 52

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.

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Nonprofit Auditing Accounting Standards CFO 52

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.

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Nonprofit Compliance CFO Risk Management 52

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?

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Nonprofit CFO Budgeting Sales 52

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.

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Nonprofit Accounting CFO Compliance 52

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.

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Auditing Nonprofit Compliance CFO 91

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.

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Nonprofit Budgeting Compliance Accounting 52

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.

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Nonprofit CFO 105

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.

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Nonprofit Auditing General Ledger Reconciliations 104

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.

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Nonprofit CFO 272

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!

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Nonprofit Auditing Financial Systems CFO 117

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?

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Nonprofit Auditing Compliance Budgeting 104

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 97

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. Furthermore, nonprofit bookkeeping differs in some critical ways from for-profit bookkeeping too.

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Nonprofit Invoicing General Ledger Accounting 93

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).

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Nonprofit CFO 52

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?

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Nonprofit Budgeting Auditing CFO 96

The Charity CFO

APRIL 29, 2025

Build a Strong Leadership Team with Financial and Operational Accountability Behind every financially sound nonprofit is a leadership team that doesnt just care about the missionbut also owns the outcomes. Why Leadership Teams Matter More Than Ever Over the last decade, our team at The Charity CFO has worked with 200+ nonprofits.

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Leadership Accounting Nonprofit CFO 84

The Charity CFO

SEPTEMBER 2, 2022

Not surprisingly, this above-average employee turnover impacted nearly every industry, but it has hit nonprofits and financial professionals particularly hard. . However, nonprofit accountant turnover is not a new problem in the sector. Why Do Nonprofit Accountants Quit? Why Do Nonprofit Accountants Quit? Low salaries.

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Nonprofit Accounting CFO Budgeting 94

The Charity CFO

JULY 10, 2022

Are your nonprofit board committees contributing to the effectiveness of your work or simply checking off the boxes someone gave you when your organization was set up years ago? Nonprofit board committees can have an outsized and positive impact on your organization’s overall mission. Traditional Nonprofit Board Committees.

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Nonprofit Auditing Communication Risk Management 88

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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Nonprofit Invoicing Accounting CFO 101

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.

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Nonprofit Accounting CFO Accounts Payable 105

The Charity CFO

JULY 14, 2022

A lot of nonprofit leaders are asking us about how to prepare their organizations for the possibility of a recession. 6 Steps to Recession-Proof Your Nonprofit. 6 Steps to Recession-Proof Your Nonprofit. Because no business–including nonprofit businesses– can operate successfully without knowing their numbers. .

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Nonprofit CFO Economics Accounting 101

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 96

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.

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Nonprofit Leadership Investments 87

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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Nonprofit Auditing GAAP Accounting Principles 92

The Charity CFO

MAY 20, 2022

As a nonprofit Executive Director, the amount of time you invest with your board of directors can vary wildly depending on your organizational culture and the time of year. But make no mistake: Nonprofit board development is critical to your success. So encourage your nonprofit board members to utilize their unique skills.

Nonprofit 101

Nonprofit CFO Accounting Education 101