Activism Health Nonprofit Accountability Values 
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. The value of this ownership is summarized as equity on the balance sheet.
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.
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The Charity CFO
DECEMBER 27, 2023
Tax-exempt status makes it easier for your organization to retain nonprofit revenue and meet the goals of your mission. However, your nonprofit may engage in revenue-generating activities that don’t relate to the purpose of your organization. The nonprofit must have control over the charitable activities of the venture.
Bloomerang
FEBRUARY 16, 2024
Your nonprofit’s purpose and mission cannot be fueled by passion alone; your organization needs funds to do the good work you’ve set out to do. Effective nonprofit financial management helps you maximize the value of the donations you receive and fulfill the vision of your nonprofit.
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). Net assets: What is your value?
The Charity CFO
JANUARY 5, 2023
Your nonprofit needs to have clearly defined policies and procedures to ensure everyone is on the same page. These rules or principles should reflect your organization’s values and culture. They should clarify the roles, authority, and responsibilities for essential financial management activities and decisions. .
The Charity CFO
JUNE 7, 2023
In this post, we’ll walk through the most important financial statements, and explain the strategic benefit you can gain by pulling the maximum value from the data. The categorization of uses may vary depending on the specific context and goals of your nonprofit organization.
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