The Charity CFO

MARCH 13, 2023

Fundraising ideas for nonprofits are one of the more exciting ways to add needed momentum to your mission. The idea behind nonprofits is to support the public good. million nonprofits in the United States, there are countless organizations available to provide shelter, medical assistance, and education, you name it! With over 1.3

Nonprofit 98

Nonprofit GAAP CFO Entertainment 98

The Charity CFO

MARCH 22, 2024

How does your nonprofit make strategic decisions? Additionally, leaders can use data to tell the story of their organizations, giving you a better overall picture of the state of your nonprofit. Learn more about using data for decision-making in your nonprofit in this complete guide. What Does Nonprofit Data Look Like?

Nonprofit 52

Nonprofit Leadership Benchmarking Leverage 52

The Charity CFO

FEBRUARY 27, 2024

Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. This will look different for every organization.

Nonprofit 52

Nonprofit Budgeting Profit and Loss CFO 52

The Charity CFO

APRIL 9, 2024

Good morning from a Modern Nonprofit Podcast! Maya and her team specialize in investing for nonprofit organizations. Planning for the Future Tosha and Maya close the conversation about ways organizations are planning for the future. They can be perceived as the organization being on top of their planning.

Nonprofit 52

Nonprofit Finance CFO Accounting 52

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.

Nonprofit 98

Nonprofit Auditing Compliance CFO 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

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 69

Nonprofit Finance CFO Compliance 69

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 Budgeting Auditing CFO 98

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. If you don’t have 30 days of cash on hand, design a savings plan to get your cash balance to at least 30 days.

Nonprofit 105

Nonprofit CFO Economics Restructuring 105

The Charity CFO

JANUARY 12, 2024

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. What Is a Financial Forecast for Nonprofits?

Nonprofit 52

Nonprofit Forecasting Budgeting Strategic Planning 52

The Charity CFO

DECEMBER 7, 2023

Welcome back to the Modern Nonprofit Podcast at The Charity CFO. Whether you are a consistent listener or joining for your first time, the podcast dives deep into the world of nonprofits, and sometimes for profit spaces to share industry specific principles, unique business practices, and much more. Based out of St.

Nonprofit 52

Nonprofit Auditing Budgeting CFO 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.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Nonprofit Budgeting GAAP 52

The Charity CFO

DECEMBER 27, 2023

As a small nonprofit, it can be difficult to determine what benefits mean the most to your employees, especially if you’re working within a strict budget. This nonprofit employee benefits guide goes through the most common types of benefits and how you can add them to your benefits offerings.

Nonprofit 52

Nonprofit Budgeting Profit and Loss Transportation 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 Accounting CFO 105

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 Auditing Accounts Payable 98

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 Budgeting 52

The Charity CFO

NOVEMBER 20, 2023

This is especially true for Michelle Boggs , the Executive Nonprofit Industry Advisor at Classy. The synergy between departments is only one piece of the overall planning process. Finally, when it comes to proactively planning for Giving Tuesday, numbers matter. Not all nonprofit organizations are created equal either.

Nonprofit 52

Nonprofit Problem Solving Education CFO 52

The Charity CFO

FEBRUARY 16, 2023

Nonprofit budgeting best practices are often the difference between success and failure for the organization. Budgeting for nonprofits is very different from for profits, and a well-developed budgeting process can provide meaningful insight into the strength of your organization and your progress toward your mission.

Nonprofit 52

Nonprofit Budgeting CFO Leadership 52

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. Under these circumstances, it can be difficult to make large investments in growth or plan for the future.

Nonprofit 52

Nonprofit Communication Education CFO 52

The Charity CFO

AUGUST 24, 2022

The high-performing organizations we work with all ensure that nonprofit financial management is a collaborative effort. Including your team members in the financial budget process is critical to better nonprofit financial management. And hold managers accountable to monthly plans. So what does that look like?

Nonprofit 98

Nonprofit Budgeting CFO Accounting 98

The Charity CFO

JULY 17, 2023

Just like a human body’s health situation can be complex, nonprofit financial health is similarly nuanced. That’s why staying financially healthy and keeping your nonprofit in tip-top shape requires the occasional “checkup” to see where you’re doing well and where you can improve.

Nonprofit 52

Nonprofit Benchmarking Auditing Compliance 52

The Charity CFO

JULY 3, 2023

Setting nonprofit goals is critical to growing in a manageable way that supports your mission and employees. Let’s take a closer look at everything you need to know to define and track your nonprofit goals. Financial goals align with your nonprofit’s fundraising and expenses.

Nonprofit 52

Nonprofit Analyzing Data CFO Prioritization 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

MAY 8, 2023

What nonprofit fundraising strategies are you using to keep your organization healthy? As nonprofit organizations rely heavily on donations to support their operations, programs and missions, fundraising is an essential component to their continued success. Individual Giving This is the most common form of giving to nonprofits.

Nonprofit 52

Nonprofit Prioritization Communication Planning 52

The Charity CFO

JULY 13, 2022

This article will summarize the principal criteria the top 3 charity watchdogs use to evaluate your nonprofit organization. Charity Watchdogs is a term used to describe various organizations attempting to measure the quality of a nonprofit organization. They’ve been providing ratings for nonprofits in some form since the 1920s.

Nonprofit 98

Nonprofit CFO Accounting Strategic Planning 98

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 Communication Auditing GAAP 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 Communication Data Analysis 52

The Charity CFO

APRIL 19, 2022

As a CPA working exclusively with nonprofits and a former nonprofit auditor, I’ve looked at thousands of nonprofit financial statements over the past 10 years. Over the years, I’ve identified a set of 5 nonprofit financial red flags that are fairly common and almost always lead to trouble sooner or later.

Nonprofit 98

Nonprofit Auditing Compliance Accounting 98

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

The Charity CFO

APRIL 13, 2023

Nonprofit financial management is one of the primary concerns for organizations. Nonprofits are special types of organizations, in both their structure and their purpose. This meaning is the driving force behind what nonprofit organizations do day in and day out. They live in the hearts of many as symbols of good in the world.

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 52

The Charity CFO

MAY 19, 2023

Cash management for a nonprofit organization is possibly the most important consideration for success. In a previous article, we discussed the benefits, risks, and compliance requirements of outsourcing bookkeeping for nonprofit organizations.

Cash Management 52

Cash Management Nonprofit Compliance Budgeting 52

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. Nonprofit Accounting Services: More than a Bookkeeper.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 52

Centage

NOVEMBER 27, 2023

As businesses, nonprofits have a unique set of needs and challenges. Nowhere is that more apparent than in financial planning. Budgeting and financial forecasting are two of the most important business activities for nonprofit FP&A. For instance, scenario planning in these tools is complicated, if not impossible.

Nonprofit 40

Nonprofit Budgeting Forecasting Planning 40

The Charity CFO

MARCH 20, 2023

Growth: likely a key point in any strategic plan and something that is the top of mind for many leaders. How to grow your nonprofit is, after all, the key to strengthening your work, achieving your mission, and making an impact. However, many nonprofits are missing out on a key component of modern growth: marketing.

Nonprofit 52

Nonprofit Marketing Budgeting Strategic Planning 52

The Charity CFO

FEBRUARY 27, 2023

Does your organization get bogged down with nonprofit treasurer duties? Nonprofits don’t exist for the purpose of earning profits. With that being said, money is central to a nonprofit’s success. How does a nonprofit manage its money? One of the most important board members for a nonprofit is the treasurer.

Nonprofit 52

Nonprofit Compliance CFO Leadership 52

The Charity CFO

NOVEMBER 17, 2022

Financial planning and budgeting are vital for the success and sustainability of any nonprofit organization. . By taking the time to assess your current financial situation and map out your anticipated income and expenses for the year ahead, you can make sure that your nonprofit is on track to meet its goals. Allocate resources.

Nonprofit 52

Nonprofit Budgeting CFO Forecasting 52

The Charity CFO

JUNE 7, 2023

Nonprofit financial statements. Nonprofit Financial Statements You are likely familiar with the different nonprofit financial statements that are typically included in a reporting package: Statement of Activities Statement of Financial Position Statement of Cash Flows Statement of Functional Expenses But we’d like to dive beyond the surface.

Nonprofit 52

Nonprofit Accounts Payable Budgeting Strategic Planning 52