Get Fully Funded

OCTOBER 26, 2022

Take steps to incorporate your nonprofit. Organize your resources. When starting your new organization, you’re bound to run into some challenges. Getting your programs off the ground, ensuring legal compliance, recruiting staff and volunteers, and correctly managing your nonprofit’s finances can be daunting.

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Finance Management Public and Nonprofit Management Nonprofits 98

Get Fully Funded

JUNE 5, 2023

When set up right, your nonprofit accounting system will help you manage your nonprofit and streamline processes like budgeting, projecting cash flow, and even hiring. The problem is that if you’re like most, you haven’t paid a lot of attention to your accounting system. I promise you will.

Nonprofit Accountability 98

Nonprofit Accountability Nonprofit governance and management Finance Management 98

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Nonprofit organizations exist to further a mission or goal. Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact.

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Nonprofit Accountability Public and Nonprofit Management Finance Nonprofit governance and management 52

The Charity CFO

JULY 1, 2024

Choosing the right accounting services is crucial for the financial health of your nonprofit. The right nonprofit accountant helps your organization properly manage its finances, which improves trust and transparency with stakeholders and donors.

Nonprofit Accountability 52

Nonprofit Accountability Public and Nonprofit Management Finance Technology 52

The Charity CFO

APRIL 26, 2024

That’s why it’s so important to know what to look for in a nonprofit accountant. The next step is to ask your potential nonprofit accountant a few questions to see if they’d be a good fit for your organization. Here are seven questions to ask a nonprofit accountant before working with them.

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Nonprofit Accountability Finance Nonprofits Ethics 52

Nonprofit Fixer

NOVEMBER 20, 2024

When you’re busy leading a nonprofit—developing program strategies, cultivating donors, supporting staff—thinking about accounting and finance can feel like an afterthought. But to be successful, nonprofit leaders need a functional grasp of the basics of nonprofit accounting and financial management.

Finance 52

Finance Nonprofit governance and management Public and Nonprofit Management Nonprofit Accountability 52

The Charity CFO

MARCH 28, 2024

Your nonprofit accounting system might not be the most exciting part of your organization, but it’s one of the most important aspects. An effective accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. Get the free guide!

Nonprofit Accountability 52

Nonprofit Accountability Public and Nonprofit Management Nonprofit governance and management Nonprofits 52

The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. Nonprofits are subject to a lot of legal and financial scrutiny.

Nonprofit Accountability 52

Nonprofit Accountability Technology Nonprofits Finance 52

The Charity CFO

APRIL 2, 2024

Managing a nonprofit can be complex, especially when it comes to nonprofit accounting. Nonprofits face unique financial challenges and responsibilities that require specialized expertise and support. That’s why you need a strong accounting partner who specializes in nonprofits.

Nonprofit Accountability 52

Nonprofit Accountability Finance Technology Nonprofits 52

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure. What is the actual goal in a nonprofit accounting setup?

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofit Administration and Development Nonprofits 52

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. Ready to dive deep into this exciting realm?

Nonprofit Accountability 52

Nonprofit Accountability Nonprofit governance and management Non-Profits Public and Nonprofit Management 52

The Charity CFO

APRIL 15, 2022

At the same time, hundreds of nonprofits are waking up to realize that the financial structure they’ve always relied on doesn’t work as well any more. And they’re tired of the hamster wheel of hiring, re-hiring, training, and re-training bookkeepers and accountants. So why do accountants leave nonprofit organizations?

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Nonprofit Accountability Finance Nonprofits Public and Nonprofit Management 52

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.

Management 119

Management Finance Nonprofits Health 119

The Charity CFO

JULY 28, 2022

We’ll tell you all you need to know about complying with these new rules when accounting for leases of all types. What is ASC 842 for nonprofit lease accounting? All nonprofit accounting rules in the United States are defined and codified by the Financial Accounting Standards Board, or “FASB”. Not compliant?

Finance 98

Finance Nonprofits Nonprofit Accountability Activism 98

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. Calculate your fundraising efficiency.

Nonprofit Finance 52

Nonprofit Finance Finance Nonprofit governance and management Nonprofits 52

The Charity CFO

MAY 22, 2024

Choosing KPIs for your nonprofit doesn’t have to be complicated. Keep reading to learn more about some of the most common KPIs for nonprofit organizations and why you might want to use them. Financial Nonprofit KPIs Financial KPIs focus on how your organization earns and uses money. Get the free guide!

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Nonprofit Organizations Nonprofit Organizations Nonprofit Administration and Development Retention 52

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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Nonprofit Accountability Nonprofits Finance Governance 93

NonProfit Leadership Alliance

OCTOBER 5, 2022

However, due to the nature of nonprofit accounting, your organization may need to use several different budgets regularly. . This is the day-to-day budget you’ll use at your organization. These allow you to discover additional insights into your organization’s finances that will help you craft future budgets.

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Candid

JULY 26, 2022

Failing to adequately fund overhead can have real consequences for nonprofit organizations. Let’s consider one example— setting nonprofit staff compensation. When it comes time to cut overhead costs, some organizations start with staff salaries. Go above and beyond with transparency when discussing overhead.

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Fundraising Fundraising Finance Energy 122

The Charity CFO

APRIL 19, 2022

Or want to check out a nonprofit before you make a significant financial gift? Every nonprofit organization has swings in cash balances throughout the year. Over-reliance on high-interest short–term financing . Just because an organization’s reserves have dipped below 25%, it doesn’t mean it’s destined for failure.

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Nonprofit governance and management Public and Nonprofit Management Finance Nonprofits 95

The Charity CFO

JANUARY 21, 2022

The FASB requires that you set up at least 2 different “funds” within your accounts– one to track assets with donor-imposed restrictions, and one to track assets without donor-imposed restrictions. In many cases, though, you’re going to want to have more funds in order to optimize accuracy and transparency in your finances.

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Nonprofit governance and management Public and Nonprofit Management Nonprofits Finance 97

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).

Communication 65

Communication Public and Nonprofit Management Nonprofit governance and management Associations 65

The Charity CFO

APRIL 28, 2023

Is there an advantage to working with accounting firms specializing in nonprofits? Nonprofit organizations play a crucial role in addressing social, environmental, and cultural issues in our society. Grant Accounting Many nonprofit organizations rely on grants to fund their programs and services.

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Nonprofit Accountability Finance Nonprofits Management 52

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. Interested in learning more about our nonprofit accounting services?

Finance 52

Finance Nonprofits Nonprofit Accountability Management 52

The Charity CFO

JULY 19, 2024

But did you know there are a variety of financial professionals that are essential to the financial well-being of an organization? Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. So, do you need a bookkeeper, accountant, or CFO?

Public and Nonprofit Management 52

Public and Nonprofit Management Finance Nonprofit Accountability Education 52

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. ?? So really interesting stories.

Finance 91

Finance Non-Profits Public and Nonprofit Management Nonprofit Administration and Development 91

The Charity CFO

JANUARY 5, 2022

If you want to report your functional expenses properly AND always have audit-ready financial reports at your disposal, an experienced nonprofit accountant can help. At The Charity CFO , we work exclusively with nonprofit organizations to give them accurate books, timely reports, and expert advice on their nonprofit finances.

Non-Profits 82

Non-Profits Nonprofits Public and Nonprofit Management Finance 82

The Charity CFO

APRIL 29, 2022

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. The most important thing you can do is be prepared.

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The Charity CFO

SEPTEMBER 17, 2024

Nonprofit organizations rely on their leadership team to help shape and implement the mission, making succession planning a key part of long-term success. While CEO succession typically grabs the spotlight, you also need to consider other teams that contribute to the everyday operation of your nonprofit. Why is there a shortage?

Finance 52

Finance Culture Nonprofit Accountability Nonprofits 52

The Charity CFO

MAY 22, 2024

What do many successful nonprofits have in common? In nonprofits, managing your finances effectively is essential to running a sustainable organization. Not only does good financial management help keep your organization running, but it also helps bolster trust in your nonprofit. Good financial management.

Public and Nonprofit Management 52

Public and Nonprofit Management Finance Nonprofit Accountability Nonprofits 52

The Charity CFO

MAY 31, 2024

Let’s take a closer look at the importance of efficient bookkeeping for nonprofits, common challenges, and how you can use technology to improve the accuracy and efficiency of your accounting system. There are almost endless tools and configurations you could use to run your accounting system, so how do you choose?

Technology 52

Technology Nonprofit Accountability Finance Nonprofits 52

The Charity CFO

OCTOBER 9, 2023

Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road. Those responsible for creating accounting systems might not be aware of industry best practices or make small but significant mistakes that can go unnoticed for months or years. Get the free guide!

Nonprofit Accountability 59

Nonprofit Accountability Finance Activism Management 59

The Charity CFO

FEBRUARY 2, 2022

Every tax exempt nonprofit must file IRS Form 990 (Return of Organization Exempt from Income Tax) every year. That’s right, your nonprofit needs to file an IRS return. In fact, as a nonprofit organization, the expectations for transparency and accountability are higher than those for for-profit businesses.

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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!

Finance 52

Finance Nonprofits Health Nonprofit Accountability 52

The Charity CFO

OCTOBER 12, 2022

Since nonprofit organizations don’t profit from the money they make , the accounting processes for nonprofits look somewhat different than for-profit companies. And one of the key differences is that nonprofits talk about net assets rather than net income or equity. Need Help Navigating Your Nonprofit’s Finances?

Non-Profits 52

Non-Profits Finance Food Nonprofit Accountability 52

The Charity CFO

APRIL 5, 2022

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. Though both systems use the same numbers, looking at those numbers differently can give you a very different perspective on the state of your finances.

Construction 94

Construction Nonprofit governance and management Nonprofits Finance 94

The Charity CFO

JULY 12, 2024

While many nonprofits start with cash-basis accounting due to its simplicity, this method often falls short of providing a comprehensive view of a nonprofit’s financial health. Transitioning to accrual-basis accounting can offer a more accurate representation of finances and enhance long-term planning.

Health 52

Health Nonprofit Accountability Finance Nonprofits 52