The Charity CFO

OCTOBER 13, 2023

The mission is simple, to connect nonprofit organizations with corporate excess inventory. WIN Warehouse Catalog To clarify, WIN Warehouse is a nonprofit organization, which is key to how everything works. In essence, corporations have the need to get rid of old supplies and nonprofits need the supplies to go about business function.

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The Charity CFO

DECEMBER 14, 2022

A nonprofit organizational chart is essential for the company’s success and growth. A nonprofit organization chart, also known as an org chart or organogram chart, is a useful tool that is used to create a graphical representation of the structure of the organization and its various departments. Let’s find out.

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The Charity CFO

DECEMBER 20, 2023

180 Management Group is an operations consulting firm that specializes in operational strategy and design, specifically for nonprofit organizations. After all, typically the highest expense on an income statement is the salary and benefits component, so employees are certainly the key to an organization’s success.

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The Charity CFO

JANUARY 5, 2023

Many nonprofit organizations tend to let their financial management slip on the backburner as they get busy fulfilling their mission. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud. Well, the answer lies in understanding and implementing these 7 essentials of nonprofit financial management.

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The Charity CFO

FEBRUARY 8, 2024

Does the idea of a financial audit on your nonprofit leave you feeling nervous? For many nonprofits, a full financial audit can help ensure the accuracy of their financial recordkeeping. Each state has a different threshold for nonprofits incorporated and registered within their states. Just the word itself can sound scary.

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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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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.

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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). And it’s a requirement for a nonprofit audit.

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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. Doing so helps you ensure your team truly understands your finances and can help you do your job more effectively.

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CFO News Room

FEBRUARY 6, 2022

Having to manage all the new expenses that go along with having children—and saving for their future needs—are certainly big reasons why that’s the case. . The project is run by a nonprofit trade group, Receivables Management Association International, which does a nice job of curating multimedia financial content.

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The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. with this overview of nonprofit accounting basics. .

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The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure. Let’s meet these organizations. This is built upon our mission and values.”

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The Charity CFO

MAY 2, 2022

W atchdog organizations, large donors, and grantmakers regularly use your 990 to uncover a nonprofit’s financial health in just a few seconds. Just by reading these three section of the 990, your donors can get a pretty accurate picture of the financial health of your nonprofit. . Part IX (Statement of Functional Expenses).

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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. Statement of functional expenses. But what are the financial statements?

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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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The Charity CFO

AUGUST 14, 2023

It’s among the most hotly debated topics in the startup and nonprofit worlds. Should nonprofit founders draw an income even as they struggle to get their organization off the ground? Or should that money be plowed back into the nonprofit to boost growth and stability?

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The Charity CFO

SEPTEMBER 25, 2023

For some nonprofit leaders, it can be easy to spend too much time poring over each and every category of nonprofit expenses, carefully scrutinizing each dollar that’s spent. But in some cases, nonprofit leaders need to take a step back and consider the reason they’re operating.

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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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The Charity CFO

JANUARY 19, 2022

This week on A Modern Nonprofit Podcast we’ll show you how to build the right team to scale your organization effectively. In this episode, Dirk van Reenen joins us to talk about why nonprofits need a defined business structure, the right team (not just a passionate team), and the mental shift founders must make to scale.

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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. This week on A Modern Nonprofit Podcast we discuss common red flags you can check today to verify your organization’s financial health.

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Centage

OCTOBER 3, 2022

Excel can also perform functions relevant to your human resources department, such as organizing employee expenses and sorting worked hours. This information can help you understand workplace activities and your business’ structure. Excel is a popular spreadsheet tool for personal and business use.

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Centage

OCTOBER 3, 2022

Excel can also perform functions relevant to your human resources department, such as organizing employee expenses and sorting worked hours. This information can help you understand workplace activities and your business’ structure. Excel is a popular spreadsheet tool for personal and business use. Risk of Errors.

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Barry Ritholtz

AUGUST 15, 2023

Perhaps he is best known for a bet he made on a Lark with this guy named Warren Buffett, which we spend a lot of time talking about, really a hilarious and amazing conversation about this delightful experience he had. But he spent most of his career allocating capital to various hedge funds, private equity, venture, etc. Phenomenal firm.

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Barry Ritholtz

AUGUST 29, 2022

BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, hey, guess what? I have an extra special guest. Eric Balchunas is someone I’ve known from both the ETF industry and Bloomberg for, I don’t know, a decade or two, and we hang out in a lot of the same circles. He is the Senior ETF Analyst for Bloomberg News. Time to start.”

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Barry Ritholtz

APRIL 11, 2023

He said, oh, dean of valuation, it’s easier to say. So this has nothing to do with expertise. It had everything to do with having an unpronounceable last name. So — RITHOLTZ: So just for the record, it’s not Damodaran, it’s Damodaran. DAMODARAN: Exactly. RITHOLTZ: There you go. I don’t think that’s that hard.

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CFO News Room

DECEMBER 16, 2022

Other birds in the trees, too. * * *. But what is government itself, but the greatest of all reflections on human nature?” James Madison, Federalist 51. Here’s food for thought, had Ahab time to think; but Ahab never thinks; he only feels, feels, feels” –Herman Melville, Moby Dick. “So Not even waiting for the special counsel or the DOJ?

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