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. . According to The New York Times , the value of nonprofit fraud is approximately $40-50 Billion each year.

Nonprofit 98

Nonprofit Profit and Loss Auditing Leadership 98

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

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.

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

The Charity CFO

JANUARY 13, 2022

In-kind donations help your nonprofit get the resources you need to carry out your programs without asking for more cash. Almost any non-cash gift to your nonprofit can be considered an in-kind donation, but most of them fall into one of two categories: goods or services. . Because nonprofit accounting is all we do. .

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Nonprofit Accounting GAAP Accounting Principles 98

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. Fortunately, filing taxes for a nonprofit doesn’t need to be stressful.

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Nonprofit Accounting Principles Profit and Loss Auditing 52

The Charity CFO

OCTOBER 9, 2023

In many ways, new nonprofits can figure things out as they go, learning from their mistakes and making adjustments. Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road. However, that’s not the case with an organization’s accounting systems.

Nonprofit 59

Nonprofit Accounting Profit and Loss Compliance 59

Centage

NOVEMBER 22, 2021

Building and managing an effective budget and plan can be daunting no matter what industry, but financial planning for nonprofits can be particularly difficult. And while no industry was spared in the wake of the pandemic, nonprofits were hit hard. increase in charitable giving in 2022. increase in charitable giving in 2022.

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Financial Planning and Analysis (FP&A) Nonprofit Planning Finance 72

PYMNTS

JULY 13, 2020

The EIDL was crafted to provide economic relief from $1,000 to $10,000 to businesses and nonprofits that experienced a temporary loss of revenue during the pandemic. percent for nonprofits with a 30-year maturity and a one-year deferment before monthly payments begin. percent interest rate for small businesses and 2.75

Nonprofit 111

Nonprofit Profit and Loss Healthcare Economics 111

CFO News Room

JANUARY 19, 2023

These protections help safeguard investors’ funds and securities in the event of a brokerage firm’s failure or other financial losses. It is a nonprofit corporation that provides protection to investors against theft, fraud, and other errors by their broker-dealers such as misappropriation of funds or securities.

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Profit and Loss Securities Nonprofit Investments 130

Barry Ritholtz

MAY 21, 2023

Media Matters ) • Envision Healthcare files for Chapter 11 bankruptcy Envision suffered from declining profits amid hurdles from the COVID-19 pandemic and prolonged legal battles with health insurer UnitedHealthcare. Free speech—unless a country doesn’t really do free speech. billion including debt.

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Profit and Loss Healthcare Nonprofit Leadership 114

PYMNTS

JULY 14, 2020

All in, the bank reported a 51 percent earnings plunge, with profits falling to $4.7 Results also reflected new provisions for spiking credit losses and growing uncertainty over the nation’s path toward recovery during the second half. For example, its retail banking division posted a $176 million loss versus a $4.2

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Profit and Loss Nonprofit Banking Economics 65

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. .

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Nonprofit Accounting Profit and Loss Accounts Payable 98

PYMNTS

AUGUST 12, 2020

The enforcement action alleged Vietnam residents Thu Phan Dinh, Tran Khanh and Nguyen Duy Toan engaged in wire fraud to profit from the pandemic. Last week, SocialCatfish.com , an identity verification nonprofit, reported U.S. Vietnamese authorities have also conducted their own investigation and arrested the defendants.

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Profit and Loss Nonprofit Accounting Numbers 52

Centage

FEBRUARY 2, 2023

The projections are pulled from the profit and loss and balance sheets and balance sheet items, like purchases or depreciation, are added or subtracted. Important Elements of Cash Flow Forecasting Even profitable businesses can be hurt if they don’t have the cash flow to support day to day operations.

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Cash Flow Forecasting Forecasting Financial Planning and Analysis (FP&A) Budgeting 98

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. In fact, as a nonprofit organization, the expectations for transparency and accountability are higher than those for for-profit businesses.

Nonprofit 98

Nonprofit Profit and Loss Auditing GAAP 98

The Charity CFO

FEBRUARY 25, 2022

If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. In a nonprofit’s Chart of Accounts, each account is identified in four ways: number, name, category type, and a short description. How to Organize a Nonprofit Chart of Accounts . Gain/Loss on Sale of Assets.

Nonprofit 98

Nonprofit Accounting Accounts Payable GAAP 98

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. Another difference is in fund accounting.

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Accounting Standards Nonprofit Accounting GAAP 52

The Charity CFO

APRIL 15, 2022

During the “Great Recession,” nonprofits have lost their accountants and financial directors at record rates. At the same time, hundreds of nonprofits are waking up to realize that the financial structure they’ve always relied on doesn’t work as well any more. So why do accountants leave nonprofit organizations?

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Nonprofit Accounting CFO Problem Solving 52

PYMNTS

FEBRUARY 28, 2020

The total financial damage from the leak is still being tallied, but the loss of trust experience by Desjardins’ members cannot be easily undone. The breach resulted in more than $5 million in losses, but the damage done to CU members’ trust was incalculable. Problems outside CUs’ control can affect members’ faith in their FIs, too.

Profit and Loss 52

Profit and Loss Securities Benchmarking Nonprofit 52

PYMNTS

JULY 10, 2018

Kiva, according to Flannery, has done a tremendous amount of good but, as a nonprofit, it faces huge limitations when it comes to fundraising. The $2 loans are a loss leader, but losses that bring repeat business in their wake, according to Flannery — and that repeat business is where the money comes from. Savings accounts.

Profit and Loss 40

Profit and Loss Startups Nonprofit Banking 40

PYMNTS

JUNE 14, 2018

Erik Dyson, co-founder of natural disaster response nonprofit All Hands and Hearts– Smart Response , and Lori Sylvia, its finance manager, recently spoke with PYMNTS about relief workers’ payment pain points, how card-based solutions have helped to safely disburse funds and the ways the offering has relieved both budget planning and financial woes.

Profit and Loss 40

Profit and Loss Budgeting Nonprofit Reconciliations 40

PYMNTS

JULY 2, 2019

The losses for immigrants like Aly, Ogaro and Scapo are obvious — but what is perhaps less obvious is that their losses are also Canada’s. A Better, Not-For-Profit Path Forward. Moreover, she said, as a nonprofit, Windmill is best suited to serve the needs of the its community.

Profit and Loss 40

Profit and Loss Education Nonprofit Accounting 40

PYMNTS

JULY 18, 2018

The lava flow has already caused roughly $372 million in private property damage, by some estimates , and has cost Hawaii’s tourism market roughly $222 million in losses. Because of their size and lower profit potential, however, many traditional lenders do not want to fund loans for these types of properties.

Profit and Loss 40

Profit and Loss Nonprofit Economics Planning 40

CFO News Room

NOVEMBER 16, 2022

Thanks above all to the pioneering and in-depth work of Eileen Appelbaum and Rosemary Batt, the press, Congresscritters, and the victimized general public have gotten an idea of how private equity’s exploitation of the many chokepoints in health care has enabled them to profit greatly to our collective detriment.

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Profit and Loss Nonprofit Investments Healthcare 130

CFO News Room

NOVEMBER 22, 2022

Michael: So, it sounds like part of the challenge was, you live in a large company environment where, as is common for a lot of them, they organized study groups of top advisors, of top producers, of those that are doing well and growing well, and driving the business profitably. In fact, we probably would have been much more profitable.

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Planning Communication Profit and Loss Education 130

CFO News Room

DECEMBER 13, 2022

He’s a loss leader.” If you’ve done any type of seminar planning like that, you’ll find that, for some reason, some are super profitable, and others maybe not. So, that was another way we helped make up for that loss of production or new activity. We’re partnering with nonprofits.

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Planning Profit and Loss Leadership Numbers 130

Barry Ritholtz

AUGUST 29, 2022

BALCHUNAS: Or a coop almost, yeah, or a nonprofit. And this is part of the story I was so fascinated with was why would someone set-up a company where they deliberately turn over all the future profits to the — to the people? I run it at a loss. Is that the market share loss Jack was talking about? It’s unique.

Profit and Loss 64

Profit and Loss Marketing Investments Benchmarking 64

PYMNTS

SEPTEMBER 21, 2020

While trade is still below pre-pandemic levels, it recouped about half of this year’s historic loss by June, according to the Kiel Institute for the World Economy, an independent, nonprofit economic think tank based in Kiel, Germany. Lime CFO On Driving Profits From Scooters. What will you change?"

Profit and Loss 63

Profit and Loss Nonprofit CFO Transportation 63

Barry Ritholtz

APRIL 11, 2023

They had the access to loss and excel really. And I think that’s a loss. RITHOLTZ: You would have to put some flesh on those bones, some numbers, to determine is it still profitable to do this or not? There are a handful of nonprofit competitors — DAMODARAN: Right. Your profit margin is my opportunity.

Valuation 114

Valuation Education Finance Investments 114

Barry Ritholtz

OCTOBER 2, 2022

Hospitals Hounded Them Anyway: How a Private Equity Hospital Chain Used a Poor Neighborhood to Turn Huge Profits : Bon Secours Mercy Health, a major nonprofit health system, used the poverty of Richmond Community Hospital’s patients to tap into a lucrative federal drug program. Law & Liberty ). They Were Entitled to Free Care.

Profit and Loss 111

Profit and Loss Nonprofit Transportation Banking 111

Barry Ritholtz

AUGUST 23, 2022

BROWDER: And I’ll just point out that this was back in the days when $100 million profit is real money. It was being done out of these companies and it’s a company that’s generating tens of billions of dollars of profit. But if you look at the financials, they were nonprofit. RITHOLTZ: Wow. RITHOLTZ: Right.

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Investments Math Banking Profit and Loss 124