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Nonprofit treasurer duties: Where you should focus

The Charity CFO

A position to oversee finances may sound a lot like an accountant, but there are important distinctions between the two. Many nonprofits do not have in-house accountants and choose to outsource instead. What are the qualifications for nonprofit treasurer duties?

Finance 52
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501(c)(3) Checklist: Preparing for Nonprofit Status

Top Nonprofits

There are many categories of nonprofits, but nonprofits need a charitable purpose to qualify as a 501(c)(3). This purpose might be religious, scientific, literary, or educational. Have a detailed financial plan and accounting system in place. A full list of charitable purposes can be found in IRS Publication 557.

Finance 52