Nonprofit Related Topics 
VCFO
JANUARY 10, 2023
How Nonprofits Can Attract and Retain Talented Employees. Given this extremely competitive environment, what can nonprofits do to improve their ability to sufficiently staff and sustain their organizations? Providing growth opportunities at a nonprofit can seem challenging.
Capital CFO LLC
AUGUST 15, 2022
The growing need for a nonprofit grant consultant is more clear than ever as nonprofits rely heavily on securing grants to fund the programs and initiatives that serve our communities. […]. The post Benefits of a Nonprofit Grant Consultant appeared first on Capital CFO+.
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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.
Capital CFO LLC
FEBRUARY 6, 2023
Creating an effective Board – Executive Director relationship is critical to the success and strategic growth of a nonprofit organization. Nonprofit bookkeeping Nonprofit Consulting Nonprofits nonprofit Nonprofit consulting Nonprofit grant writing Nonprofit services nonprofits
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?
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. What is nonprofit bookkeeping? .
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.
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. .
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 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. We’re going to focus specifically on how it’s applied to small and mid-sized nonprofits and charities.
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. Accounting Expenses Nonprofit Reporting
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. Top Nonprofit Bookkeeping Tips.
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.
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. For more nonprofit accounting resources check out www.thecharitycfo.com.
The Charity CFO
JANUARY 26, 2023
Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. You see, a 501 nonprofit corporation is recognized as tax-exempt by the IRS but this doesn’t mean they are exempt from filing taxes. Most people dread filing taxes.
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.
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. Don't hire the wrong accountant for your nonprofit!
The Charity CFO
DECEMBER 28, 2022
As a nonprofit leader, your financial stewardship is important to remain compliant with the IRS. Not only that, these statements need to be sound and easy to understand so as to provide a window into the financial health of your nonprofit. Accounting Nonprofit Operations Reporting
The Charity CFO
JANUARY 19, 2023
Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission.
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? Final Thoughts on accounting for nonprofit leases.
The Charity CFO
NOVEMBER 10, 2022
What should you look for when evaluating nonprofit accounting services? Nonprofit organizations exist to further a mission or goal. The truth is, many nonprofits tend to fumble when it comes to their books. . Benefits of Nonprofit Accounting Services.
The Charity CFO
JANUARY 11, 2023
Revenue recognition for nonprofits may seem fairly straightforward, but has unique complexities with important compliance consequences. Nonprofits rely on a mix of sources for their income, from fundraising, grants, and investments to earned income and individual contributions.
The Charity CFO
NOVEMBER 17, 2022
Financial planning and budgeting are vital for the success and sustainability of any nonprofit organization. . A nonprofit budget helps your organization: Stay fiscally healthy. Intro to Budgets for Nonprofits. Budgets differ greatly between nonprofits and for-profits.
The Charity CFO
DECEMBER 21, 2021
Many nonprofit founders think that they won’t have to worry about taxes. So if you’re new to nonprofit accounting , you shouldn’t make too many assumptions about which taxes you will (or won’t) have to pay. . Do nonprofits pay income tax? Do nonprofits pay sales tax?
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. . How Can You Avoid Corruption In Your Nonprofit? ??
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?
The Charity CFO
JANUARY 5, 2022
Functional expense reporting confuses many first-time nonprofit bookkeepers and executives. But it is need-to-know-information in the nonprofit world. Because you’re required to report functional expenses to complete your IRS 990 and maintain nonprofit status.
The Charity CFO
DECEMBER 14, 2022
A nonprofit organizational chart is essential for the company’s success and growth. It provides an effective way to organize, plan, and manage resources within the nonprofit structure. So, what do you need to know and consider when setting up a nonprofit organizational chart?
The Charity CFO
AUGUST 24, 2022
Managing a nonprofit’s finances is not a one-person job. The high-performing organizations we work with all ensure that nonprofit financial management is a collaborative effort. Effective nonprofit financial management is a team effort!
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. Because no business–including nonprofit businesses– can operate successfully without knowing their numbers. .
The Charity CFO
FEBRUARY 2, 2022
Every tax exempt nonprofit must file IRS Form 990 (Return of Organization Exempt from Income Tax) every year. That’s right, your nonprofit needs to file an IRS return. Why do nonprofits need to file Form 990? Simple e-postcard for nonprofits earning less than $50,000/year.
The Charity CFO
JANUARY 25, 2022
The Statement of Financial Position is the Balance Sheet of a nonprofit organization. It gives you a snapshot of a nonprofit’s financial health at a point in time by displaying what the organization owns (assets), what it owes to others (liabilities), and its value (net assets).
CFO Selections
NOVEMBER 7, 2022
Nonprofits, on the other hand, are not typically as “cash flow savvy.” For-profit companies understand the importance of cash flow projections because they are inextricably tied to their goal of generating ongoing revenue.
The Charity CFO
JANUARY 31, 2022
The Statement of Activities is the Income Statement of a nonprofit organization. As a nonprofit, you call the difference between revenue and expenses the change in net assets. . It shows you the “profit” of your nonprofit. Don't hire the wrong accountant for your nonprofit!
The Charity CFO
AUGUST 31, 2022
In this episode, Tosha will walk you through the most common misconceptions about nonprofit audits to let you know exactly what you can expect (and NOT expect) from a nonprofit audit before you commit. Audits scare the daylights out of nonprofit founders.
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