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Despite opposition from a wide range of nonprofits, lawmakers in the U.S. House passed a bill designed to give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism. By Alex Daniels Architect of the Capitol Despite opposition from a wide range of nonprofits, lawmakers in the U.S.
How the CDFI Sector Came to Be: A Legislative History Community development finance is arguably as old as finance itselfafter all, the purpose of finance writ large is supposed to be community reinvestment. According to Jacokes, who worked for the US Senate Finance Committee then, four major challenges stood in the way.
How can finance truly be liberated from traditional business assumptions and instead be mobilized to support a just transition to an economy rooted in values of solidarity? Jessica Xiao and Lauren Ressler, “ Building Our Power: Advancing Climate Justice through Regenerative Finance ,” NPQ , July 24, 2024.
In major gifts, there is nothing better than a good finance person to be your partner. If you have a good one, pour on the love. They need affirmation just like you do, and they do not get enough of it. If you have a bad one, try to win them over through education, information and appreciation.
Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
Free eBook to The Rise of the Data-Driven Nonprofit Finance Leader This E-Book explores the critical benefits of leveraging real-time metrics for nonprofit finance leaders.
Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage and financial stability!
Nonprofit leaders are invited to Beyond the Ledger: Nonprofit Finance Summit, a free virtual event on March 13. Earn free CPE credit, network with other finance leaders and get inspiration to optimize strategic planning, reporting, grant management and accounting operations.
In it, include guidance on gift acceptance, conflicts of interest, expense reimbursement, and staff compensation, among other aspects of nonprofit finance. According to Jitasa , most nonprofits start out using the cash accounting method to track their finances—i.e., Methodology. Chief financial officer (CFO).
Download this report for new data, trends and insights from 1,000 nonprofit leaders on the state of nonprofit operations, fundraising strategies, automation and mission impact.
Image credit: Getty Images on Unsplash Consider a food bank discovering that its operating reserves are in banks that finance industrial agriculture, the very system contributing to food insecurity and displacing small community farms. The answers lie in finances transformative potential to drive systemic change. And why should they?
Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global
In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities.
Whether you’re just starting out or tightening up existing processes, these simple steps can go […] The post Internal Controls for Nonprofits: Protecting Your Mission and Finances appeared first on Nonprofit Blog.
Integrating finance and fundraising systems is crucial for organizations to achieve long-term success. Bridging the Gap: Aligning Fundraising and Finance for Greater Success guide walks you through how embracing alignment empowers organizations to focus on their mission and maximize impact.
Image credit: Min An on Pexels This is the second article in NPQ ’s series, Just Transition: Liberating Finance to Build a Better World. Regenerative finance is all about taking intelligent risks to advance a solidarity economy more effectively in ways that responsibly mitigate the climate crisis with communities at the helm.
There is often tension as a board focuses either on fundraising or finance. In the latest episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Paul Morris, Executive Fundraising Coach at Auxilia , to discuss the critical partnership between finance and development in nonprofits. Check out his first episode here.
To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions. Finance expert, Dave Sackett, will unpack innovative budgeting and forecasting strategies that go beyond spreadsheets and outdated models.
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The philanthropist asked women leaders to take part in distributing some of the funds, and she's financing a competition to attract new ideas to improve female health worldwide.
Here is a look at how nonprofit professionals engaged in learning and events at the Nonprofit Leadership Center this year, Spotify Wrapped edition: Other Popular Resources In addition to new content shared in 2024, nonprofit professionals continued to rely on these online resources from the Nonprofit Leadership Center most frequently throughout the (..)
The hiring crunch is taking place as fewer students choose to major in accounting and pursue finance careers. By Eden Stiffman The hiring crunch is taking place as fewer students choose to major in accounting and pursue finance careers. Nonprofit CFO work has also become more complex and demanding.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
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Donors who opt for monthly giving find its easier on their finances. These donors are dedicated to your nonprofit. Organizations that have monthly giving programs receive a steady stream of revenue throughout the year. Even gifts of $5.00 a month can make a difference for your organization.
Andrews & Rebecca Steinitz The traditional model of community development finance is limited by market conservatism and a focus on scale, rather than local control. We need a new paradigm that prioritizes impact over scale, emphasizes flexible and creative financing strategies, and empowers community voice.
To aid nonprofit organizations in safeguarding their stakeholders' information, Info-Tech Research Group, a global IT research and advisory firm, has released its latest industry blueprint, "Strengthen Your Nonprofit's Privacy and Security Operations."
The post Sage Intacct built to elevate nonprofit finance and operations appeared first on The NonProfit Times. Take advantage of best practices that have been developed based on our years of experience helping thousands of nonprofits thrive. Learn more today.
By Sara Herschander Spending cuts the federal government is considering come at a time when the uncertain economy is making fundraising tough, leading one prominent nonprofit expert to reach a breaking point.
This is among the takeaways from the 2024 Nonprofit Standards Benchmarking Survey , conducted by accounting and advisory organization BDO, which takes stock of the finances of the US nonprofit sector and other key trends, including the growing use of AI. Nonprofits focused on shoring up their finances in 2024.
By Eden Stiffman IF/THEN® Collection The TV series “Mission Unstoppable,” which Lyda Hill Philanthropies financed and helped develop, is aimed at girls ages 12 to 17 and features women succeeding in STEM careers. It’s been nominated for multiple Emmy awards.
Examine how modern technology continues to shift finance from a “scorekeeper” role to a “value driver” role. Finance teams will lead the way in sustaining funding, strengthening stewardship, and maximizing impact.
By Alex Daniels In a potentially widespread error, the agency sent tax-return data for nonprofits that apparently misreports organizations' 2022 finances. The glitch could pose a barrier for charities seeking to secure donations or government grants.
Public policy needs to facilitate large-scale financing for mutualist enterprises—organizations like cooperatives , employee-ownership trusts , and mutual insurance companies. This is what happened when policy for credit unions in the 1920s and 1930s consigned cooperative finance to relatively small institutions.
and other cities are gaining recognition and financing for the community-based programs to reduce shootings. By Sono Motoyama Lee Klafczynski for The Chronicle With community organizing and savvy advocacy, grassroots nonprofits in Birmingham, Ala., Oakland, Calif.,
By Michelle Legaspi Sánchez Leaders should analyze finances, collaborate when possible, and communicate clearly and frequently with stakeholders, among other steps to steady a nonprofit’s course through choppy economic waters.
Gibson-Graham offers a framework that moves away from the rigid structure of finance and invites a more dynamic, process-oriented approach to local economy building. But that is what the Kelluwn project representsan attempt to reclaim finance as a tool for community-led transformation, not exploitation. This may seem like a fairy tale.
WHATS INSIDE: 6 PILLARS OF NONPROFIT FINANCIAL MANAGEMENT The 30 points in The Charity CFO Financial Blueprint are grouped into six essential categorieseach representing a core component of sustainable nonprofit finance. In a recent episode, we explored one of the most overlooked topics in nonprofit finance: diffused financial responsibility.
It has enabled millions of Indigenous Peoples to coordinate across geographies, build aligned messaging, share research and lessons, launch joint financing efforts, and approach halls of power with one unified voice to fight for their right to manage their lands. Develop new financing streams to directly support Indigenous communities.
This affects not only their finances, but also peoples sense of agency, stability, and belonging. A perhaps bigger obstacle is financing. As Michael Zakaras, director of US Programs at Ashoka, wrote in NPQ in late 2024, Seller financing is a common way to facilitate sales. Supporting the financing ecosystem.
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The finance office needs to know because it can't pay the bills with air. As a major gifts officer, the primary question asked is, essentially, “How’s the money coming in?” The goal you made also set an expectation that a certain amount of money would come in. So, it is a fair question.
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