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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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. Are you even sure your Form 990 is correct?

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The Charity CFO

MARCH 29, 2024

Do you know the financial health of your nonprofit organization? Knowing where your finances stand is essential to effective nonprofit management. One of the best ways to get a quick read on your organization’s financial health is to compare your nonprofit budget to actual performance. Get the free guide!

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Bloomerang

FEBRUARY 16, 2024

Effective nonprofit financial management helps you maximize the value of the donations you receive and fulfill the vision of your nonprofit. 8 strategies for effective nonprofit financial management There’s more to managing your charity or nonprofit’s finances than collecting donations, although that is a critical part.

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Top Nonprofits

FEBRUARY 13, 2024

Nonprofit Accountant According to Jitasa , a nonprofit accountant is a professional who helps your organization “ensure financial health and stability, analyze financial data, and make decisions based on the nonprofit’s unique financial position.” Let’s get started!

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The Charity CFO

JANUARY 12, 2024

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. What Is a Financial Forecast for Nonprofits? Get the free guide!

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Top Nonprofits

FEBRUARY 23, 2024

Despite their tax-exempt status, nonprofits must still follow certain tax requirements when managing staff payroll, such as filing Form 990. According to Double the Donation’s nonprofit accounting guide , nonprofits must also issue Form 1099 to contract workers who are paid at least $600 for their services.

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The Charity CFO

APRIL 22, 2024

In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. Offering wellness programs, family-friendly policies, or other mental health benefits for employees gives them the resources they need to proactively manage stress and stop burnout. Get the free guide!

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The Charity CFO

APRIL 24, 2024

A key performance indicator (KPI) is a data metric you can use to gauge the overall success of your nonprofit organization. You can use KPI data to track your organization’s performance in various areas, such as finance or operations. Contact us today to learn more. Do You Struggle to Make Sense of Your Financial Statements?

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The Charity CFO

DECEMBER 27, 2023

Joint Ventures and Tax Implications Many nonprofits partner with for-profit entities to help advance their mission with the financial backing of their partner. For example, a mental health organization might create a joint venture with a for-profit healthcare system to establish mental health facilities in underserved areas.

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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.

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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

JUNE 7, 2023

Strategic Uses Financial Planning : Provides insights into the financial health of the organization. It provides an overview of the nonprofit’s financial activities, highlighting its financial stability, sustainability, and the impact of its programs. accounts payable, loans). Get the free guide!

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The Charity CFO

DECEMBER 8, 2022

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. Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes.

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The Charity CFO

JANUARY 4, 2024

A good health insurance plan and paid time off are requirements for a lot of great employees. While you can’t make money appear out of nowhere, your nonprofit accountant can likely help you determine how to make compensation more competitive. They’ll go over comparable salaries from other organizations and review your budget.

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The Charity CFO

APRIL 5, 2023

Having a CPA as a resource, whether internally or outsourced will be crucial to understanding the basics of nonprofit accounting. Get our FREE GUIDE to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances. Get the free guide!

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Non Profit Accounting Academy

JANUARY 27, 2022

Her focus is on sharing with nonprofit finance directors her lessons learned from 25 years of on-the-job training. About ten years into my fifteen-year term at a Catholic Charities agency in upstate New York a relatively new finance committee member, Mr. Shea we’ll call him, disappeared. Shea we’ll call him, disappeared.

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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. You need to get a better grasp of your organization’s finances now. with this overview of nonprofit accounting basics. . What is nonprofit accounting? It’s a necessity.

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NonProfit Leadership Alliance

OCTOBER 5, 2022

And having an effective budget is key for your organization’s overall financial health —as long as you’re able to follow it throughout the year. . However, due to the nature of nonprofit accounting, your organization may need to use several different budgets regularly. . Define the Types of Budgets You Need. Operational budget.

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Getting Attention

MARCH 9, 2015

Please post YOUR nonprofit marketing job here: Featuring jobs with nonprofit organizations, grantmakers, B Corps, and agencies and other vendors serving nonprofits. Account Coordinator, Digital Fenton Communications (Washington, DC). Business Development Manager Nonprofit Finance Fund (New York, NY).

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Fundraising Coach

APRIL 28, 2021

Effective organizational management is imperative for nonprofits to be successful in achieving their missions. Today, Jon Osterburg, Vice President of Sales and Marketing at Jitasa, lends the knowledge he’s gained helping over 100 nonprofits globally with their finances. Ready to dive deeper into profitable fundraising?

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Fundraising Coach

APRIL 28, 2021

Effective organizational management is imperative for nonprofits to be successful in achieving their missions. Today, Jon Osterburg, Vice President of Sales and Marketing at Jitasa, lends the knowledge he's gained helping over 100 nonprofits globally with their finances. Ready to dive deeper into profitable fundraising?

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The Charity CFO

MARCH 2, 2022

“I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. 99% of nonprofit founders we work with don’t have a background in finance. For more nonprofit accounting resources check out www.thecharitycfo.com. ??

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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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The Charity CFO

JANUARY 19, 2022

For more nonprofit accounting resources check out www.thecharitycfo.com. Tosha Anderson: And I think all of us get in that trap and nonprofits are not unique from that because oftentimes the leaders of nonprofits come up through the programmatic side. How to feel less alone in your leadership role. (28:09).

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The Charity CFO

APRIL 27, 2022

For more nonprofit accounting resources check out www.thecharitycfo.com. To know that they’re really into mental health services for children on making something up. Why you need to “humanize” your communication. And one proven strategy for doing it (33:15). Thanks for watching.

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