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

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. Sure, you’ll find overlap between the two roles In many small organizations. What is nonprofit bookkeeping? .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

The Charity CFO

JUNE 10, 2022

Your finance committee spends the most time analyzing and studying your nonprofit’s numbers, yet your entire board of directors is responsible for financial oversight. All board members are responsible for the financial health of a nonprofit organization. Include nonprofit financial training component in board orientation.

Nonprofit 52

Nonprofit Finance Strategic Planning Cash Flow Forecasting 52

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.

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

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.

Financial Planning and Analysis (FP&A) 72

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

The Charity CFO

FEBRUARY 9, 2022

And you’re certainly not sure why your nonprofit should care about it. And crypto donations to nonprofits grew over 2200% to $300 million over the past 2 years. Cryptocurrency becomes a bigger force for good in the nonprofit sector year after year. The 6 Things You Need to Know About Cryptocurrency for Nonprofits.

Nonprofit 98

Nonprofit CFO Currencies Math 98

The Charity CFO

APRIL 5, 2022

But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting. Is your nonprofit required to use accrual accounting? And is it time for you to switch to accrual from cash basis accounting?

Nonprofit 98

Nonprofit Accounting GAAP Auditing 98

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 Compliance Budgeting 105

The Charity CFO

FEBRUARY 17, 2022

Why does your nonprofit need an operating reserve? . A report released last year by Candid and the Center for Disaster Philanthropy estimated the worst-case scenario would lead to the closure of 38% of nonprofits in the United States. What is a nonprofit operating reserve? . Hopefully, we’ll fall far short of that number. .

Nonprofit 98

Nonprofit Budgeting CFO Math 98

The Charity CFO

MARCH 2, 2022

“I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. 99% of nonprofit founders we work with don’t have a background in finance. For more nonprofit accounting resources check out www.thecharitycfo.com. ?? A Modern Nonprofit Podcast.

Nonprofit 98

Nonprofit Auditing Reconciliations Accounting 98

PYMNTS

JULY 27, 2016

When people just don’t have cash on hand, it can be a challenge for charities and nonprofits, which often rely on cash-based giving. People just don’t use cash anymore, leaving many merchants and organizations at risk of missing out on a payment opportunity. There are a lot of moving parts.”.

Marketing 40

Marketing Nonprofit Education Compliance 40

CFO News Room

NOVEMBER 30, 2022

Almost every financial planning issue – whether it is retirement, investments, cash flow, insurance, or estate planning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden. Executive Summary. Taxes are a central component of financial planning.

Tax Planning 130

Tax Planning Compliance Planning Communication 130

Barry Ritholtz

AUGUST 23, 2022

BILL BROWDER, FOUNDER, CEO OF HERMITAGE CAPITAL MANAGEMENT: Well, I should just back up one step further which is a little bit on my family background which is what got me interested in all this European stuff. ” It was like a spy novel. You plowed right through it on the weekend. I spoke to him for nearly two hours. You have a B.A.

Investments 124

Investments Math Banking Profit and Loss 124

CFO News Room

JANUARY 12, 2023

So many of the social reactions that strike us as psychological are in fact a rational management of symbolic capital.” “But what is government itself, but the greatest of all reflections on human nature?” James Madison, Federalist 51. Pierre Bourdieu, Classification Struggles. John Kerry at the DNC convention in Boston.

Economics 130

Economics Numbers Nonprofit Accounting 130