The Charity CFO

APRIL 18, 2024

Higher costs affect nonprofits on two sides: Higher overall expenses for the nonprofit itself Lower revenues from decreased donations Say you run an animal shelter. The cost of cat and dog food is going up, so your expenses are higher to feed the animals in your care. Need Help Facing Nonprofit Accounting Challenges?

Non-Profits 52

Non-Profits Nonprofit Accountability Finance Nonprofits 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. How to Calculate Net Assets.

Non-Profits 52

Non-Profits Finance Food Nonprofit Accountability 52

The Charity CFO

DECEMBER 15, 2023

While the nature of a nonprofit means you’re focusing more on your mission than making money, bringing in revenue is still essential. This can lead to unique accounting and recordkeeping challenges that for-profit businesses don’t have to face—especially related to revenue classification. Need Help Recording Revenue?

Non-Profits 52

Non-Profits Nonprofits Food Finance 52

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.

Nonprofit Accountability 98

Nonprofit Accountability Non-Profits Nonprofit governance and management Public and Nonprofit Management 98

The Charity CFO

JANUARY 13, 2022

But accounting for in-kind donations presents its own unique challenges. Almost any non-cash gift to your nonprofit can be considered an in-kind donation, but most of them fall into one of two categories: goods or services. . In this article, we’ll dig into how to account for in-kind donations on your nonprofit’s books.

Values 98

Values Nonprofits Non-Profits Nonprofit Accountability 98

The Charity CFO

JANUARY 12, 2022

In this episode, you’ll find out: Ways for-profit companies can set up a nonprofit operation or foundation to advance their cause of choice. (4:19). The role every nonprofit founder has to own in order to grow their mission, and why that can be hard for many nonprofit leaders. (18:52). Thanks for watching.

Non-Profits 52

Non-Profits Public and Nonprofit Management Values Foundations 52

The Charity CFO

APRIL 27, 2022

For more nonprofit accounting resources check out www.thecharitycfo.com. You’re not just a consultant that happens to work with a nonprofit organizations with a nonprofit industry. You also spend quite a bit of time working with nonprofits, not just as clients, but you are also, um, a board.

Fundraising 98

Fundraising Fundraising Non-Profits Nonprofit Administration and Development 98