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Nonprofit Board Committees In A Modern Nonprofit

The Charity CFO

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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Should Your Nonprofit Have Debt?

The Charity CFO

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.

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Tips for cash management for a nonprofit organization

The Charity CFO

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.

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7 Essentials Of Nonprofit Financial Management

The Charity CFO

Many nonprofit organizations tend to let their financial management slip on the backburner as they get busy fulfilling their mission. Sure, your mission should be a priority, but managing finances can’t be neglected either. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud.

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Working as a Team: Forming your advisory financial committee

The Charity CFO

Running a successful nonprofit requires many diverse skill sets, from experts in your particular field to fundraising and event pros. Unfortunately, one area where many otherwise thriving nonprofits lack experience is financial and money issues. That’s where advisory finance committees come in.

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Why Do Nonprofit Accountants Quit?

The Charity CFO

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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How to Escape the Nonprofit Starvation Cycle

The Charity CFO

Ever wondered why so many nonprofits are stuck in their financial struggles that they end up failing their communities? Want to make sure your nonprofit doesn’t suffer the same fate? She helps nonprofits get financially established so they can achieve their goals. And why nonprofits need to learn to put themselves first. (2:47).