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.

Nonprofit 92

Nonprofit Leadership Investments 92

VCFO

JUNE 29, 2023

Restoring and Ensuring Effective Nonprofit Finance Practices Decades ago, healthcare trailblazer Sister Irene Kraus moved her mantra of “No Margin. And when shortcomings and lapses in those crucial cornerstones persist in a nonprofit, so too do risks to the organization and those they serve. No Mission.” into the limelight.

Nonprofit 71

Nonprofit Finance CFO Compliance 71

The Charity CFO

NOVEMBER 20, 2023

This is especially true for Michelle Boggs , the Executive Nonprofit Industry Advisor at Classy. Not all nonprofit organizations are created equal either. The organization provides an abundance of resources to help nonprofits learn and connect with their supporters. As mentioned, Michelle is part of Classy’s team.

Nonprofit 52

Nonprofit CFO Problem Solving Financial Reporting 52

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.

Nonprofit 97

Nonprofit CFO Finance Auditing 97

The Charity CFO

OCTOBER 16, 2023

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. Use your network throughout the nonprofit community to get some firsthand thoughts on various banks.

Nonprofit 59

Nonprofit Banking CFO Compliance 59

The Charity CFO

APRIL 20, 2023

How can nonprofit accounting software help your organization with efficiency? However, nonprofit organizations face unique accounting challenges and not all commercial accounting software may be equipped to handle. Where to start with nonprofit accounting software Nonprofits have to comply with strict financial accounting standards.

Nonprofit 98

Nonprofit Accounting Accounting Standards Budgeting 98

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.

Auditing 98

Auditing Nonprofit Compliance CFO 98

The Charity CFO

OCTOBER 13, 2023

The mission is simple, to connect nonprofit organizations with corporate excess inventory. WIN Warehouse Catalog To clarify, WIN Warehouse is a nonprofit organization, which is key to how everything works. In essence, corporations have the need to get rid of old supplies and nonprofits need the supplies to go about business function.

Nonprofit 97

Nonprofit Profit and Loss CFO eCommerce 97

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. Both of these are vital to operating in the most efficient way possible, allowing the most funding and effort to go toward the nonprofit’s mission.

Nonprofit 52

Nonprofit CFO Data Analysis Compliance 52

Centage

NOVEMBER 8, 2023

Building and maintaining an effective budget is daunting no matter what industry you’re in — but financial planning for nonprofits is especially tough. The specific circumstances of how nonprofits operate and get funded adds a layer of complexity to their FP&A processes. No programming. No formulas.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Nonprofit Budgeting Finance 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?

Nonprofit 98

Nonprofit CFO Budgeting Investments 98

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.

Nonprofit 98

Nonprofit Accounting CFO Budgeting 98

The Charity CFO

AUGUST 21, 2023

Nonprofit communications can be complicated, and sometimes awkward. The secret comes down to how well nonprofit leaders understand what donors are thinking and feeling and how charities communicate with them. Think about an operating reserve as a sort of savings account and safety net for the nonprofit.

Nonprofit 52

Nonprofit Communication CFO Finance 52

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.

Auditing 105

Auditing Nonprofit General Ledger CFO 105

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.

Nonprofit 98

Nonprofit Invoicing CFO Accounting 98

The Charity CFO

SEPTEMBER 11, 2023

Taxes are rarely anyone’s idea of fun, but meeting nonprofit tax deadlines is critical to keeping even the most successful and impactful charities running. Unfortunately, they can often sneak up on busy nonprofit leaders, leading to a last-minute scramble to file – or worse. Read on as we break down the basics.

Nonprofit 59

Nonprofit CFO Compliance Financial Reporting 59

Centage

NOVEMBER 27, 2023

As businesses, nonprofits have a unique set of needs and challenges. Budgeting and financial forecasting are two of the most important business activities for nonprofit FP&A. There are innovative ways to solve the five biggest challenges to financial planning faced by nonprofits today.

Nonprofit 40

Nonprofit Budgeting Forecasting Planning 40

The Charity CFO

AUGUST 15, 2023

The nonprofit sector is full of rewarding and impactful careers because it plays a crucial role in addressing various social, environmental, and humanitarian challenges. In this section, we will debunk the three most common nonprofit accounting myths. However, most of it is actually the same. However, most of it is actually the same.

Nonprofit 52

Nonprofit Accounting Profit and Loss CFO 52

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.

Nonprofit 105

Nonprofit Invoicing CFO Accounting 105

The Charity CFO

OCTOBER 2, 2023

Bringing in money from significant contributors like foundations is vital for many nonprofits. Understanding Donations and Loans and Their Impact on Nonprofits It’s important to be clear about what we’re discussing before considering the benefits and drawbacks. Let’s take a closer look. Here are the most critical.

Nonprofit 59

Nonprofit Financial Reporting CFO Finance 59

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 Financial Reporting 59

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

Nonprofit 98

Nonprofit CFO Accounting Budgeting 98

The Charity CFO

APRIL 5, 2023

In order to confidently run your organization, it’s important to have a strong understanding of nonprofit compliance requirements. Running a nonprofit is no small feat. What Does Nonprofit Compliance Mean? However, compliance is not always very straightforward and it can be a huge task to undertake on your own.

Compliance 52

Compliance Nonprofit Auditing CFO 52

Capital CFO LLC

MAY 30, 2023

Onboarding nonprofit board members is the process of integrating a new Board member into an organization and the Board of Directors. In this blog post, you will learn more about […] The post Onboarding Nonprofit Board Members appeared first on Capital CFO+.

Nonprofit 52

Nonprofit CFO 52

The Charity CFO

MAY 31, 2022

It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. . Is that the case here?

Nonprofit 98

Nonprofit Finance CFO Auditing 98

The Charity CFO

OCTOBER 19, 2022

In this episode, A Modern Nonprofit Podcast host Tosha Anderson comes to you directly, to talk about the 5 biggest myths she’s encountered time and again while working with nonprofits. Don’t be misinformed, join Tosha as she reveals the truth behind concepts that tie nonprofit founders, board members, and bookkeepers in knots.

Nonprofit 95

Nonprofit Accounting CFO Financial Reporting 95

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?

Nonprofit 105

Nonprofit Auditing Finance Compliance 105

The Charity CFO

MARCH 3, 2022

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.

Budgeting 96

Budgeting Nonprofit CFO Accounting 96

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?

Nonprofit 98

Nonprofit Accounting GAAP CFO 98

The Charity CFO

AUGUST 14, 2023

It’s among the most hotly debated topics in the startup and nonprofit worlds. Should nonprofit founders draw an income even as they struggle to get their organization off the ground? Or should that money be plowed back into the nonprofit to boost growth and stability?

Nonprofit 52

Nonprofit CFO Benchmarking Financial Reporting 52

The Charity CFO

AUGUST 7, 2023

Brace yourselves, Nonprofit Leaders! We promise it’s not as scary as it sounds, and it’s already changing the game in every industry, including nonprofits. Fortunately, savvy nonprofit leaders will be able to harness the power of AI to maximize their impact on the causes that matter to them.

Nonprofit 52

Nonprofit CFO Data Analysis Financial Reporting 52

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. .

Nonprofit 105

Nonprofit CFO Accounting Economics 105

The Charity CFO

SEPTEMBER 14, 2022

If you know only one thing about 501(c)(3) nonprofit organizations , you probably know that they don’t pay federal taxes on their income. . So how do you know if your nonprofit organization has taxable unrelated business income? Not Sure If Your Nonprofit Income Is Taxable Or Not? But what if I told you that’s not always true?

Nonprofit 98

Nonprofit Profit and Loss CFO Accounting 98

The Charity CFO

NOVEMBER 13, 2023

On today’s episode of the Modern Nonprofit Podcast, we are joined by Sheryl Cababa, Chief Strategy Officer at Substantial. This is especially powerful in the nonprofit sector of business. The post A Modern Nonprofit Podcast: Making a Substantial Impact appeared first on The Charity CFO. Get the free guide!

Nonprofit 52

Nonprofit CFO Education Math 52

The Charity CFO

MAY 11, 2023

Bookkeeping is a critical component of running a successful nonprofit organization. However, managing bookkeeping in-house can be time-consuming and expensive, which is why many nonprofits are turning to outsourced bookkeeping services. As a leader, you’ll have to determine what is right for your nonprofit.

Nonprofit 52

Nonprofit Accounting Financial Data CFO 52

The Charity CFO

SEPTEMBER 1, 2023

Summary Today Tosha and special guest Daniel discover more about a new fintech application designed to help smaller nonprofits get more organized and stay on top of the ever-changing turnover crisis. Crowded provides nonprofit groups with an easy way to collect, spend, and manage money online. Get the free guide!

Nonprofit 52

Nonprofit CFO Budgeting Financial Reporting 52

The Charity CFO

JULY 28, 2022

Updated standards on accounting for nonprofit leases ( ASC 842 ) go into effect this year for most organizations–and next year for the few remaining exceptions. What is ASC 842 for nonprofit lease accounting? And the rule changes will impact a large percentage of nonprofit organizations. When does ASC 842 take effect?

Nonprofit 98

Nonprofit Accounting CFO Finance 98