The Charity CFO
MAY 31, 2022
It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. .
The Charity CFO
NOVEMBER 23, 2022
The finance director role is critical to the success of any nonprofit, making it one of the most important hires an organization can make. They are responsible for the financial health of the organization. They handle all payroll and accounting functions and manage investments and fundraising efforts. Get the free guide!
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Nonprofit Megaphone
JUNE 23, 2022
In this guide, we’ll cover the core elements of healthy nonprofit financial management. To get started managing your finances, your nonprofit will have to: Craft your budget. Calculate your fundraising efficiency. Calculate your fundraising efficiency. Diversify your funding strategy.
Stanford Social Innovation Review
SEPTEMBER 25, 2023
A minority of nonprofits have more than six months of cash in reserve, according to reports like the Nonprofit Finance Fund’s State of the Sector ; many have less than three months of operating reserves on hand. For some of those groups, raising up to $125,000 on top of their annual fundraising was a significant lift.
Top Nonprofits
FEBRUARY 23, 2024
Whether you’re investing in fundraising software or paying for programs to fulfill your mission, your nonprofit’s budget requires careful allocation of expenses. Note that, while churches are considered nonprofits, they may follow different rules when it comes to FICA taxes.
Top Nonprofits
MAY 24, 2024
According to Double the Donation , board members have a fiduciary responsibility to monitor your organization’s financial activity and health, meaning financial oversight is their job. Estimate income: Evaluate all potential sources of income, from product fundraising revenue to in-kind donations to membership fees.
The Charity CFO
AUGUST 24, 2022
Suddenly they’ll be much more motivated to think about creative ways that the fundraising team may be able to get them the support they need. Including your team members in the financial budget process is critical to better nonprofit financial management. Keep leaders involved in managing finances day to day.
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