The Charity CFO

JANUARY 21, 2022

Most not-for-profit organizations and entities–like 501(c)(3) charities, churches, religious institutions, government agencies, nonprofit nursing homes and hospitals, and educational institutions– are required to use fund accounting. If you’re looking for info on fund accounting in government here is a great resource for you.

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The Charity CFO

DECEMBER 8, 2022

But in order to get the most out of these grants, you need to understand how to properly manage and account for them. The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. What is a Grant?

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The Charity CFO

DECEMBER 21, 2021

So if you’re new to nonprofit accounting , you shouldn’t make too many assumptions about which taxes you will (or won’t) have to pay. . In this article, we’ll do our best to answer the most the most common tax-related questions for 501(c)(3) nonprofits. Do nonprofits pay property tax? What’s a Form 990?

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Top Nonprofits

JUNE 29, 2023

There are also other types of audits your nonprofit might conduct, such as compliance, systems, or HR audits. However, financial audits tend to be popular because the way you manage funds determines whether your organization can effectively fulfill its mission. Improving your risk management strategy.

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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. with this overview of nonprofit accounting basics. . What is nonprofit accounting? That’s really all that accounting is, so don’t let the terminology intimidate you. .

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NonProfit Hub

JUNE 29, 2021

This blog will be a great place to start, but if you find yourself praying no one asks you questions about the financials in your next board meeting, you may want to check out our Nonprofit Accounting Essentials course in partnership with The Charity CFO. . I signed on to further a cause, not to be the accountant!

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The Charity CFO

APRIL 8, 2022

When you’re not giving a percentage of your income to the IRS, you can use those financial resources to carry out your nonprofit’s mission. . PRO TIP: Only income from activities “related to your mission” are exempt from tax. It is a thorough questionnaire about your nonprofit organization over 40 pages long.

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Non Profit Accounting Academy

AUGUST 3, 2020

People interpreted the rules differently and a result nonprofit income was being recorded inconsistently. Imagine being confused over accounting rules – and these were the CPAs!). A big question concerned government grants. For management purposes, it’s nice to understand the difference as well. Government Grants.

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Nonprofit Megaphone

JUNE 23, 2022

Whether you need to take some simple steps to solidify your financial management approach or completely overhaul it, your organization will be able to accomplish more for your mission when you’ve fine-tuned your strategy. In this guide, we’ll cover the core elements of healthy nonprofit financial management.

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Get Fully Funded

FEBRUARY 1, 2022

check with your local, regional, and national government for requirements and procedures for registering as a nonprofit organization. Create a fundraising plan to bring in the money you need, mapping out all your fundraising activities for the year. First things first – accounting software. Next, donor management.

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Non Profit Accounting Academy

JANUARY 25, 2021

For example, 2019 Q2 gross receipts of $100,000 and 2020 Q2 gross receipts of $70,000); 501(c)(6) organizations must meet limits on lobbying activities. In addition: The employer must have been fully or partially suspended by the government due to Covid-19 in the calendar quarter requesting the credit, OR. The loan amount will be 2.5

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Nonprofit Tech for Good

JANUARY 10, 2022

Over 100,000 nonprofits worldwide have taken advantage of Google Grants since the program was established in 2003, yet most nonprofits have never taken part in the program and many more are no longer receiving Google Ad Grants, because they did not take the necessary steps to keep their account active.

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Nonprofit Tech for Good

MAY 18, 2020

By Grant Hensel , CEO of Nonprofit Megaphone – an agency that specializes in Google Grant management for nonprofits. Nonprofit Megaphone is Google Certified and supports over 300 nonprofit clients. In short, the Google Grant provides nonprofits with $10,000 each and every month to spend on ads in Google Search.

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Top Nonprofits

AUGUST 7, 2023

As a nonprofit professional, you know that every dollar counts when it comes to pursuing your mission. Fortunately, the government empowers nonprofits to achieve their goals by exempting them from paying taxes. To maintain your 501(c)(3) status, your nonprofit must file Form 990 or one of its variants each year.

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The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . 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.

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The Charity CFO

DECEMBER 22, 2021

The ONE thing that all financially sustainable nonprofits have in common (24:36). For more nonprofit accounting resources check out www.thecharitycfo.com. For more information on how to get your nonprofit financially established so that you can achieve your goals, visit CNRG Accounting Advisory @ [link].

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