Bloomerang

AUGUST 14, 2023

Becoming savvier about donor advised funds is a current trend in nonprofit fundraising. As a nonprofit, finding out which donors have a donor-advised fund (DAF) can be challenging since DAF accounts are privately held and not public entities, and because they are managed by sponsoring organizations or financial institutions.

Public and Nonprofit Management 69

Public and Nonprofit Management Charitable Organizations Collaborations Activism 69

Stanford Social Innovation Review

MARCH 28, 2023

.” First, they asked a bunch of potential donors how much they thought the difference might be between the average charity and the most effective charity. A friend who works with many NGOs rails about these useless charities constantly. They’re accountable, and their bad decisions have consequences (mostly).

Philanthropy 107

Philanthropy Non-Profits Values Culture 107

Bloomerang

NOVEMBER 11, 2022

CFRE, our very own Fundraising Coach , also known as Charity Clairity. Today’s question come from a nonprofit employee who want advice on how to budget and pay for capital campaign fundraising expenses: . The problem you describe is that of accounting and development not speaking the same language. . Per FASB ASC 958-720-25-4].

Nonprofit Administration and Development 102

Nonprofit Administration and Development Fundraising Fundraising Construction 102

Bloomerang

JUNE 30, 2023

CFRE, our very own Fundraising Coach , also known as Charity Clairity. So, let’s track what you should do from the moment you receive a recommended distribution from a donor advised fund (DAF). They will consider this to be a gift from them , not a bank account. And do I thank the donor or the administrator?

Finance 117

Finance Values Associations Foundations 117

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.

Non-Profits 52

Non-Profits Nonprofits Food Finance 52

The Charity CFO

JULY 13, 2022

And charity watchdogs are a critical source of information for donors, grantmakers, and other funding sources when deciding who to trust with their money. . But each of these charity watchdog organizations approaches the concept of “trust” differently. . What are Charity Watchdogs? The 3 Charity Watchdogs You Should Know.

Public and Nonprofit Management 98

Public and Nonprofit Management Nonprofit governance and management Finance Nonprofits 98

Candid

NOVEMBER 1, 2023

If you are a California-based nonprofit or solicit any donations in California, it’s critical to understand California AB 488 (AB 488). A new law that went into effect in California on January 1, 2023, AB 488 is aimed at improving transparency and accountability in online charitable fundraising. What is California AB 488?

Law 116

Law Fundraising Fundraising Governance 116

The Charity CFO

APRIL 20, 2023

How can nonprofit accounting software help your organization with efficiency? In today’s digital age, technology has revolutionized almost every aspect of business operations, including accounting and finance. Where to start with nonprofit accounting software Nonprofits have to comply with strict financial accounting standards.

Nonprofit Accountability 98

Nonprofit Accountability Finance Technology Nonprofits 98

The Charity CFO

APRIL 18, 2024

It’s no secret that running a nonprofit isn’t always easy, especially if you don’t know what challenges await you in the coming months. Luckily, we’ve put together a list of the five most common challenges for nonprofits in 2024. Let’s look closer at the challenges nonprofits will face in 2024–and how to solve them!

Non-Profits 52

Non-Profits Nonprofit Accountability Finance Nonprofits 52

The Charity CFO

MARCH 27, 2024

QuickBooks is a popular accounting software used by businesses and individuals nationwide. As a nonprofit leader, you’ve probably heard of QuickBooks or may have even used it before. And you might be wondering if you can use QuickBooks for your nonprofit accounting.

Public and Nonprofit Management 40

Public and Nonprofit Management Nonprofit governance and management Nonprofit Accountability Nonprofits 40

The Charity CFO

MARCH 13, 2023

Fundraising ideas for nonprofits are one of the more exciting ways to add needed momentum to your mission. The idea behind nonprofits is to support the public good. million nonprofits in the United States, there are countless organizations available to provide shelter, medical assistance, and education, you name it! With over 1.3

Fundraising 98

Fundraising Fundraising Nonprofits Medical 98

Bloomerang

APRIL 21, 2023

CFRE, our very own Fundraising Coach , also known as Charity Clairity. Dear Charity Clairity, I’m trying to start a charity in my late husband’s name. Perhaps it would be prudent to take some time to grieve and heal, without holding yourself too much to account right now. If so, contact them and express your wishes.

Nonprofit governance and management 105

Nonprofit governance and management Philanthropy Finance Nonprofits 105

The Charity CFO

NOVEMBER 30, 2023

Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit. This guide will help you better understand the common mistakes nonprofits make in their accounting systems.

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Education 52

Nonprofit Tech for Good

AUGUST 4, 2023

By Michelle Kocin , Digital Marketing Manager at Sylogist Mission CRM – a donor management, fundraising, and volunteer management platform build for nonprofits and NGOs in the Microsoft Dataverse. 1) The Silent Generation (1925-1945) 88% give to charity, donating an annual average of $1,367 across 6.2 organizations** 11.8%

Participation and motivation 97

Participation and motivation Philanthropy Social Enterprise Social Enterprise 97

The Charity CFO

DECEMBER 8, 2023

501(c)(3) donation rules are crucial for any nonprofit organization to understand. Donations are the lifeline of any nonprofit organization. While some nonprofits depend more on government contracts or foundations, many rely on donations from individuals as their primary funding source. What is a tax-exempt status?

Governance 52

Governance Charitable Organizations Finance Advertising 52

Bloomerang

JANUARY 19, 2024

CFRE, our very own Fundraising Coach , also known as Charity Clairity. Today’s question comes from a nonprofit employee who wants tips on how to connect with and cultivate Donor-Advised Fund (DAF) donors: Dear Charity Clairity, My boss thinks we should get more funding through DAFs. This is BIG.

Philanthropy 93

Philanthropy Foundations Marketing Marketing 93

The Charity CFO

OCTOBER 9, 2023

In many ways, new nonprofits can figure things out as they go, learning from their mistakes and making adjustments. However, that’s not the case with an organization’s accounting systems. Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road.

Nonprofit Accountability 59

Nonprofit Accountability Finance Activism Management 59

The NonProfit Times

APRIL 17, 2024

That’s the conclusion reached by a team of researchers from the National Bureau of Economic Research in Cambridge, Massachusetts after completing a study in partnership with RIP Medical Debt, a New York City charity that buys and cancels medical debt. The remaining 80% of accounts had already been farmed out to independent collectors.

Medical 78

Medical Philanthropy Healthcare Public Policy 78

Nonprofit Tech for Good

FEBRUARY 6, 2022

Although the most popular accounting software products- like QuickBooks and SAP- handle the needs of businesses in many industries, nonprofits have a unique business model and accounting standards and require different features and functionality from accounting software. How is Accounting Different for Nonprofits?

Nonprofit governance and management 120

Nonprofit governance and management Public and Nonprofit Management Non-Profits Nonprofits 120

Momentum Nonprofit Partners

FEBRUARY 12, 2024

Written by Kevin Dean, President & CEO, Tennessee Nonprofit Network The lifeblood of many nonprofits is the generosity of individual donors. From funding innovative projects to sustaining daily operations, these contributions represent a crucial vote of confidence in the organization's mission.

Civil Society 89

Civil Society Public and Social Policy Philanthropy Governance 89

The Charity CFO

JANUARY 30, 2024

Many nonprofits use mergers to strengthen their organizations. Ultimately, nonprofit mergers can help an organization better fulfill its mission. Are you considering merging with another nonprofit? A struggling nonprofit might have to close its doors if it can’t find the money to operate.

Nonprofits 52

Nonprofits Finance Advertising Nonprofit Accountability 52

Fundraising Coach

MAY 1, 2024

Nonprofits depend on loyal donors to receive sustainable support for their work. This means your organization must provide a positive donor experience , not just in one event or campaign, but over the course of their involvement with your nonprofit. Accurate bookkeeping records will help you track when and how often donors give.

Public and Nonprofit Management 59

Public and Nonprofit Management Nonprofits Activism Foundations 59

Nonprofit Tech for Good

NOVEMBER 19, 2022

By Kyle Brown , COO at DonateStock – a fundraising platform that makes stock gifting to nonprofits easy and accessible. By reducing the friction for donors and nonprofits, stock gifting is now accessible and easy for everyone – and now donors can donate stock to their favorite cause in just a few clicks. . Why Stock Gifting?

Values 137

Values Philanthropy Leadership Marketing 137

The Charity CFO

APRIL 22, 2024

In many nonprofits, burnout is the emotional, physical, and mental exhaustion of employees due to prolonged stress. Understanding Burnout in Nonprofit Organizations Burnout at work can happen to anyone. Consider these four strategies to improve your workplace culture and reduce burnout in your nonprofit employees.

Public and Nonprofit Management 52

Public and Nonprofit Management Nonprofit Administration and Development Public and Social Policy Culture 52

The Charity CFO

APRIL 12, 2022

Cash flow isn’t just an issue for small nonprofits that depend on donations to meet payroll each month. A lack of cash on hand impacts nonprofit organizations of all sizes. A few years ago, we were working with a fully-funded nonprofit. . On paper, they were a flourishing organization— a model of nonprofit success.

Nonprofit governance and management 105

Nonprofit governance and management Nonprofits Governance Foundations 105

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.

Finance 52

Finance Nonprofits Health Nonprofit Accountability 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. However, most of it is actually the same.

Nonprofit Accountability 52

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

The Charity CFO

JANUARY 31, 2022

The Statement of Activities is the Income Statement of a nonprofit organization. As a nonprofit, you call the difference between revenue and expenses the change in net assets. . It includes donations, grants, fundraising, earned revenue, government funding, and special events. Or profit. .

Activism 98

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

The Charity CFO

FEBRUARY 27, 2024

Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. Tracking your budget helps with overall budget management, which contributes to your financial stability and the success of your nonprofit mission.

Finance 52

Finance Nonprofit governance and management Public and Nonprofit Management Nonprofits 52

The Charity CFO

AUGUST 18, 2022

Beyond your mission, you need two big things you need to start a nonprofit organization– money and paperwork. . But keep in mind that your organization will be held accountable in the court of public opinion. The Case For Raising Funds While Waiting For 501(c)(3) Approval. The simple answer is yes, but it’s not without risks.

Fundraising 98

Fundraising Fundraising Charitable Organizations Foundations 98

The Charity CFO

JANUARY 25, 2022

The Statement of Financial Position is the Balance Sheet of a nonprofit organization. It gives you a snapshot of a nonprofit’s financial health at a point in time by displaying what the organization owns (assets), what it owes to others (liabilities), and its value (net assets). And it’s a requirement for a nonprofit audit.

Non-Profits 98

Non-Profits Nonprofits Values Nonprofit Accountability 98

The Charity CFO

SEPTEMBER 2, 2022

Not surprisingly, this above-average employee turnover impacted nearly every industry, but it has hit nonprofits and financial professionals particularly hard. . However, nonprofit accountant turnover is not a new problem in the sector. Why Do Nonprofit Accountants Quit? Inflexible or antiquated accounting systems.

Nonprofit Accountability 98

Nonprofit Accountability Nonprofit Administration and Development Finance Nonprofits 98

The Charity CFO

DECEMBER 30, 2021

Contrary to what many people envision, a nonprofit audit doesn’t usually start with a letter from the IRS. Instead, an independent nonprofit audit is something you choose to build trust in your nonprofit organization. An audit can be a critical step for a growing nonprofit that needs to raise increasing amounts of funds.

Nonprofits 98

Nonprofits Health Leadership Management 98

The Charity CFO

MARCH 31, 2023

The IRS does not require nonprofit audits in most cases, however, they may periodically request an audit (examination) or a compliance check. Should My Nonprofit Obtain an Independent Audit? State Governments: Depending on the state you operate in and the funding you receive, you may be required to conduct an independent audit.

Nonprofit governance and management 98

Nonprofit governance and management Nonprofits Governance Health 98

The Charity CFO

MARCH 3, 2022

Nonprofits are not run to make money. million nonprofits are registered with the IRS. One-quarter of American adults volunteer with a nonprofit, helping their community on a number of issues. You will make a difference as soon as you start a nonprofit. You will make a difference as soon as you start a nonprofit.

Non-Profits 96

Non-Profits Nonprofits Finance Law 96

The Charity CFO

APRIL 19, 2022

As a CPA working exclusively with nonprofits and a former nonprofit auditor, I’ve looked at thousands of nonprofit financial statements over the past 10 years. Over the years, I’ve identified a set of 5 nonprofit financial red flags that are fairly common and almost always lead to trouble sooner or later.

Nonprofit governance and management 98

Nonprofit governance and management Public and Nonprofit Management Finance Nonprofit Accountability 98

The Charity CFO

JANUARY 11, 2023

Revenue recognition for nonprofits may seem fairly straightforward, but has unique complexities with important compliance consequences. Nonprofits rely on a mix of sources for their income, from fundraising, grants, and investments to earned income and individual contributions. Not Recognizing Revenue at the Right Time.

Finance 52

Finance Nonprofits Management Technology 52