The Charity CFO

MAY 31, 2022

It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. .

Nonprofit Finance

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 governance and management

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. Sure, your mission should be a priority, but managing finances can’t be neglected either. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud.

Management

Nonprofit Tech for Good

JANUARY 10, 2022

Google Ad Grants are a terrific fundraising and marketing tool that Google makes available to nonprofits and charities. A Google Grant provides $10,000 each month to nonprofits to spend on Google Search ads. Google Grants can be a great fundraising option for almost all nonprofits. So what are Google Ad Grants ?

Public and Nonprofit Management

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!

Nonprofit Accountability

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.

Nonprofit governance and management

Top Nonprofits

JULY 2, 2024

Managing your nonprofit’s finances is about more than just raising money and recording what you earn and spend. This means it’s crucial not only to manage your organization’s reserve funds well but also to stay aware of the current financial best practices and trends in the nonprofit sector.

Management

Get Fully Funded

FEBRUARY 1, 2022

There’s nothing more exciting than making the decision to start a nonprofit! But first, you need to build a solid foundation so your nonprofit will thrive, not struggle. Seriously, about half of all new nonprofits don’t make it through the first year or so. Everyone starts a nonprofit to make a difference.

Nonprofit governance and management

The Charity CFO

DECEMBER 21, 2021

Many nonprofit founders think that they won’t have to worry about taxes. 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. . A note on the term “nonprofit:” There are 27 different nonprofits types in the federal tax code.

Public and Nonprofit Management

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.

Construction

The Charity CFO

JUNE 7, 2023

Nonprofit financial statements. Nonprofit Financial Statements You are likely familiar with the different nonprofit financial statements that are typically included in a reporting package: Statement of Activities Statement of Financial Position Statement of Cash Flows Statement of Functional Expenses But we’d like to dive beyond the surface.

Nonprofit governance and management

Non Profit Accounting Academy

AUGUST 3, 2020

One standard applies only to nonprofits and covers contributions. The other standard applies to all entities, for-profit and nonprofit, and covers exchange transactions. Nonprofit organizations typically follow two patterns for entering income: All income is recorded as cash is received, or. How It’s Done Now. Contributions.

Nonprofit governance and management

The Charity CFO

FEBRUARY 27, 2024

Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. Tracking your budget helps with overall budget management, which contributes to your financial stability and the success of your nonprofit mission. Budget these first.

Finance

Top Nonprofits

JUNE 29, 2023

One of the main benefits of registering as a 501(c)(3) nonprofit is that your organization is exempt from paying most taxes. However, it might lead you to wonder whether your nonprofit is also exempt from audits. Do all nonprofits conduct audits? Do all nonprofits conduct audits? What are the benefits of auditing?

Nonprofit governance and management

Nonprofit Megaphone

JUNE 23, 2022

Your nonprofit does what you need to do to keep the core of your finances compliant. But this is often not enough for nonprofit organizations to get the most from their finances. In this guide, we’ll cover the core elements of healthy nonprofit financial management. This nonprofit suddenly lost its main source of revenue!

Nonprofit Finance

The Charity CFO

APRIL 8, 2022

Starting a nonprofit organization can be confusing and tricky, especially if it’s your first time and you don’t have any experience filling out a 501c(3) application. However, filling out the application is an essential step in setting up a nonprofit charity with the full benefits of tax-exempt status.

Nonprofit governance and management

The Charity CFO

DECEMBER 8, 2022

Grants are the lifeblood of nonprofits, giving them the much-needed cash injection to market the organization, fund a project, or get an initiative off the ground. Having a full grant pipeline increases your nonprofit’s chances of success and improves your visibility and credibility. 8 Best Practices When Accounting For Grants.

Nonprofit governance and management

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.

Nonprofit governance and management

Non Profit Accounting Academy

JANUARY 25, 2021

On December 27, 2020, a new Covid-19 relief bill called the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (“the new bill”) was signed into law. While the new bill includes many benefits, a few provisions are especially interesting for nonprofits. Paycheck Protection Program Round 2. The loan amount will be 2.5

Nonprofit Administration and Development

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? Chyla is the Founder and CEO of CNRG Accounting Advisory. She helps nonprofits get financially established so they can achieve their goals.

Non-Profits