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. . So what are those ways?

Nonprofit 98

Nonprofit Budgeting Auditing CFO 98

The Charity CFO

JULY 13, 2022

This article will summarize the principal criteria the top 3 charity watchdogs use to evaluate your nonprofit organization. What are Charity Watchdogs? Charity Watchdogs is a term used to describe various organizations attempting to measure the quality of a nonprofit organization. Charity Navigator’s Star Rating System.

Nonprofit 98

Nonprofit CFO Accounting Strategic Planning 98

The Charity CFO

JANUARY 31, 2022

The Statement of Activities is the Income Statement of a nonprofit organization. As a nonprofit, you call the difference between revenue and expenses the change in net assets. . As a nonprofit, you call the difference between revenue and expenses the change in net assets. . What’s on the Statement of Activities?

Nonprofit 98

Nonprofit Profit and Loss Auditing GAAP 98

The Charity CFO

MARCH 23, 2023

Nonprofit accounting financial statements may seem like a chore. Nonprofits use financial statements to comply with IRS regulations, build trust with donors, and plan for the future. You may think that nonprofit financial statements are the same as those at for-profit companies, but this is not the case.

Nonprofit 52

Nonprofit Accounting CFO 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. Benefits of Nonprofit Accounting Services.

Nonprofit 52

Nonprofit Accounting Auditing GAAP 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

JUNE 7, 2023

A healthy nonprofit requires leadership, marketing, structure, and of course financial stability to make the impact it sets out to make. We give you expert bookkeeping and accounting support to help your nonprofit thrive.” Specifically, the organization has been serving St. Louis community for almost 40 years.

Nonprofit 52

Nonprofit CFO Leadership Education 52

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

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. Compliance requirements vary by state and funding sources.

Nonprofit 52

Nonprofit Compliance Accounting Standards Budgeting 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. But accounting for in-kind donations presents its own unique challenges. Here’s what this might look like: A food pantry receives a new walk-in freezer from an appliance store (donation of in-kind goods).

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

The Charity CFO

OCTOBER 12, 2022

Since nonprofit organizations don’t profit from the money they make , the accounting processes for nonprofits look somewhat different than for-profit companies. And one of the key differences is that nonprofits talk about net assets rather than net income or equity. Understanding Nonprofit Net Assets.

Nonprofit 52

Nonprofit Accounts Payable CFO Accounting 52

The Charity CFO

JUNE 19, 2023

If your nonprofit is growing, you have a lot on your plate. But one of the most underrated things you can do to make life easier and improve your future prospects is to work with a nonprofit financial advisor. Read on as we explore more about this crucial role and how it can help your nonprofit.

Nonprofit 52

Nonprofit Communication CFO Auditing 52

The Charity CFO

JANUARY 5, 2022

Nonprofit leaders often struggle to create an open, trusting culture that supports their staff in executing their mission. If you’re looking for proven ways to engage your team and improve the mindset of your nonprofit team, this episode is for you. What too many nonprofit leaders do to lose the trust of their staff (18:00).

Nonprofit 98

Nonprofit Leadership Investments CFO 98

PYMNTS

AUGUST 21, 2020

The pandemic is currently causing severe disruption and financially threatening the existence of many nonprofit community organizations, but many retailers are teaming with buy now, pay later (BNPL) solution providers to form partnerships that can encourage customers to donate to pandemic-related causes. Around The Buy Now, Pay Later World.

Nonprofit 117

Nonprofit Entertainment Retail Sales 117

The Charity CFO

MARCH 9, 2023

The accounting industry currently and historically does have a diversity problem. According to the most recent AICPA Trends Report (2021) , 41% of accounting graduates are nonwhite while only 23% of professional staff identify as nonwhite. Moving up the ladder, among partners, only 18% are nonwhite.

Accounting 52

Accounting Nonprofit Leadership Management Consulting 52

CFO Thought Leader

JUNE 15, 2023

The IMA recently celebrated its 100th anniversary and aims to support and optimize the accounting profession while helping individuals achieve their career aspirations. The IMA has over 140,000 members globally and focuses on providing competency, knowledge, and skills to drive business value in the finance and accounting field.

Education 52

Education Leadership Finance Accounting 52

PYMNTS

APRIL 28, 2020

The new coronavirus swiftly impacted small- and mid-sized businesses (SMBs) rather harshly, with these entities now struggling to manage remote workers who need to send out paper invoices to suppliers and other business partners attached to checks. COVID-19 is pressuring businesses that may be running out of time, however.

Invoicing 94

Invoicing B2C B2B Accounts Payable 94

CFO Simplified

APRIL 19, 2023

Here are two real-life examples of what happens when there is no succession plan in place. Here are two real-life examples of what happens when there is no succession plan in place. Throughout 2022, trends such as the Great Recession and Quiet Quitting were rampant. Who is responsible for succession planning?

Planning 52

Planning Leadership Communication Nonprofit 52

PYMNTS

DECEMBER 5, 2019

After all, money exits a company through more than one avenue, whether it be via the accounts payable department or a firm’s own employees. Understanding businesses’ biggest payment pain points requires a wide line of sight. Spend Friction, From Employee Spend To AP.

Accounts Payable 52

Accounts Payable B2B Problem Solving Nonprofit 52

PYMNTS

JULY 7, 2017

What began as a B2B eCommerce portal for construction tools and supplies is now changing, thanks to market shifts in India. and existing backers Accel Partners, Jungle Ventures, Shailesh Rao and Venture High way. and existing backers Accel Partners, Jungle Ventures, Shailesh Rao and Venture High way. Supply Chain Management.

Banking 40

Banking Invoicing B2B Manufacturing 40

Barry Ritholtz

NOVEMBER 22, 2022

I found this to be really a fascinating conversation about how to access the most skilled partners and employees, what can be done to shake up a relatively staid industry that has lagged behind its peers in terms of recruiting and other things, and really how to help have a major impact in the world of finance. His name is Marcus Shaw.

Investments 56

Investments Finance Education Numbers 56

PYMNTS

JUNE 19, 2019

The world has gotten its first good look at Libra — Facebook ’s long-anticipated move into cryptocurrency and global payments. billion people in the world without access to a bank account the ability to have one at no, or a low, cost. The 28 Founding Members of the Libra Association are impressive, to say the least.

Currencies 59

Currencies Nonprofit Banking Accounting 59

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. About Vermont Adult Learning Joe Przyperhart, M.S.

Nonprofit 52

Nonprofit Accounting CFO Auditing 52

Centage

MAY 8, 2023

Lowe, CPA, CGMA As a nonprofit finance leader, you are accountable to many stakeholders – especially your Board of Directors. You know what the fiscal challenges are from your program leaders along with their goals and objectives. with Susan C. You communicate with your CEO and know his or her thoughts and strategies.

Nonprofit 98

Nonprofit Budgeting CFO Finance 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

JANUARY 12, 2022

Are you a nonprofit leader struggling with how prioritize revenue to avoid the trap of money becoming the mission? You need to hear what Bill Woolsey has to say about earned income. In this episode, you’ll find out: Ways for-profit companies can set up a nonprofit operation or foundation to advance their cause of choice. (4:19).

Nonprofit 52

Nonprofit Prioritization Communication Accounting 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?

Nonprofit 52

Nonprofit Accounting CFO Problem Solving 52

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. So what do your donors want to see when they read your IRS Form 990? We’ll show you how to read a 990 here, so you can see what they’re looking for. Let’s get started! ??

Nonprofit 105

Nonprofit GAAP CFO Accounting 105

The Charity CFO

FEBRUARY 23, 2022

For over 20 years, nonprofits struggled to take data privacy seriously. This week on A Modern Nonprofit Podcast we discuss today’s biggest cybersecurity threat and how nonprofits can use technology without putting themselves at risk. How nonprofits can use technology to work smarter without putting themselves at greater risk.

Nonprofit 98

Nonprofit Accounting Healthcare Securities 98

The Charity CFO

DECEMBER 22, 2021

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? Then you have to listen to what Chyla Graham has to say. . Chyla is the Founder and CEO of CNRG Accounting Advisory. Thanks for listening.

Nonprofit 90

Nonprofit Budgeting Accounting Planning 90

The Charity CFO

APRIL 27, 2022

Why do people give to nonprofits?”. And while he’s found that the answers vary wildly, he’s managed to identify some core principles that can predictably boost giving to your nonprofit. The biggest communication problem most nonprofits face (13:25). For more nonprofit accounting resources check out www.thecharitycfo.com.

Nonprofit 98

Nonprofit Communication Accounting Advertising 98

The Charity CFO

MARCH 16, 2022

Grant writing may be the most valuable skill in nonprofit fundraising. Many nonprofits–established as well as new ones–are intimidated by the process. In this episode, she’ll share: The FIRST place to look when you’re ready to start with grants. What NEW nonprofits can do prove they’re worthy of funding .

Nonprofit 52

Nonprofit Budgeting Accounting Investments 52

The Charity CFO

DECEMBER 28, 2022

As a nonprofit leader, your financial stewardship is important to remain compliant with the IRS. You have a primary responsibility to your donors, grantmakers, and other stakeholders to find ways to share these statements while still following the highest accounting standards. But what are the financial statements? Liabilities.

Nonprofit 52

Nonprofit GAAP Accounting CFO 52

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.

Nonprofit 52

Nonprofit Leadership CFO Communication 52

CFO News Room

DECEMBER 13, 2022

Welcome back to the 311th episode of the Financial Advisor Success Podcast ! My guest on today’s podcast is Terry Parham Jr. Terry is the CFO and Co-Founder of Innovative Wealth Building, an independent RIA based in California, Maryland that oversees nearly $330 million in assets under management for almost 900 client households.

Planning 130

Planning Profit and Loss Leadership Numbers 130

CFO News Room

NOVEMBER 22, 2022

Executive Summary. Welcome back to the 308th episode of the Financial Advisor Success Podcast ! My guest on today’s podcast is Matthew Blocki. Matthew is the CEO of Equilibrium Wealth Advisors, an independent RIA based in Pittsburgh, Pennsylvania, that oversees more than $275 million in assets under management for 330 client households.

Planning 130

Planning Communication Profit and Loss Education 130

Barry Ritholtz

AUGUST 15, 2023

First working for David Swensen at Yale and then later at Protégé Partners and now talks about the philosophy and art and science of allocation at Capital Allocators. First working for David Swensen at Yale and then later at Protégé Partners and now talks about the philosophy and art and science of allocation at Capital Allocators.

Benchmarking 52

Benchmarking Investments Marketing Treasury 52