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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Get Fully Funded

OCTOBER 26, 2022

Getting your programs off the ground, ensuring legal compliance, recruiting staff and volunteers, and correctly managing your nonprofit’s finances can be daunting. This checklist is a great starting point, and don’t be afraid to reach out to an expert like a nonprofit accountant for help or answers to any questions that arise.

Finance 98

Finance Management Public and Nonprofit Management Nonprofits 98

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. In this guide, we’ll explore how to manage payroll for your staff. This allows your nonprofit to budget more accurately and understand where staff time is being spent.

Management 52

Management Finance Nonprofit Finance Insurance 52

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. Policies for Good Financial Management. Accountability for everyone involved.

Management 52

Management Nonprofit governance and management Nonprofit Administration and Development Finance 52

Fundraising Coach

OCTOBER 25, 2023

Resources like the Google Ad Grant offer additional ways to boost your nonprofit’s online presence, but each marketing tool you add to your strategy requires time and energy. Professional grant management allows your nonprofit to unlock the power of the Google Ad Grant while saving your team’s time for other marketing endeavors.

Management 52

Management Nonprofits Energy Activism 52

Top Nonprofits

FEBRUARY 13, 2024

Nonprofits are typically composed of hardworking professionals who wear many hats. While each staff member may have a specific title like “fundraising director” or “project manager,” they often take on a wider range of responsibilities. No matter which option you choose, make sure your accountant specializes in nonprofit work.

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Nonprofit Tech for Good

OCTOBER 17, 2021

By Emily Rose Patz , Senior Copywriter at DonorPerfect – a top-rated donor management system and fundraising platform for nonprofits. Though recommendations from third parties may help you narrow down the wide selection of nonprofit CRMs available, only you and your team know what’s best for your organization.

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The Charity CFO

APRIL 18, 2024

Try these strategies to help your organization maintain financial stability in 2024 and beyond: Diversify your revenue streams with new programs, donation initiatives, and fundraising events–so long as you can implement them efficiently. Try fundraising hacks like doubling efforts for successful fundraising initiatives.

Non-Profits 52

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The Charity CFO

APRIL 22, 2024

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. You may need to increase fundraising efforts, grant applications, or program fees to help bridge the gap between limited and adequate funding.

Public and Nonprofit Management 52

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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.

Nonprofit Accountability 59

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The Charity CFO

JANUARY 12, 2024

Financial forecasts can then be used by nonprofit organizations for: Budgeting Strategic planning Fundraising Grant applications Even cash flow management While not always 100% accurate (especially in the unpredictable realm of nonprofits), a financial forecast can be extremely useful when it comes to informing decision-making and mitigating risks.

Finance 52

Finance Nonprofits Nonprofit Accountability Management 52

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

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?

Fundraising 52

Fundraising Fundraising Insurance Management 52

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?

Fundraising 52

Fundraising Fundraising Insurance Management 52

Nonprofit Marketing Insights by GlobalOwls

JULY 19, 2023

Social Media For Nonprofit Fundraising: Best Practices and Strategies With careful use of social media and the liberal use of analytics, you can use social media to propel your nonprofit to new heights and reach your Fundraising Goals. Try to tailor your niche to fit your nonprofit.

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The Charity CFO

MAY 31, 2022

Yet all nonprofit leaders, including board members, directors, and finance committee members, should have at least a basic understanding of nonprofit finances. But if you bring zero experience in accounting or financial management to your organization, that’s okay. Or a big once-per-year fundraising event?

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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. with this overview of nonprofit accounting basics. . What is nonprofit accounting? That’s really all that accounting is, so don’t let the terminology intimidate you. .

Nonprofit Accountability 98

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

NonProfit Hub

SEPTEMBER 16, 2021

Even if you’ve worked in the nonprofit sector for decades, a refresher on the basics can be helpful. Leading a charity presents unique challenges like managing the roles of marketing and fundraising, building a brand, and growing in a way that aligns with your mission. Why Nonprofits Need Them [BLOG]. You’re not alone!

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Nonprofits Nonprofit Accountability Management Leadership 81

Get Fully Funded

OCTOBER 21, 2021

Online fundraising allows your nonprofit to earn donations from a wide audience, growing your network and raising more for your cause. Today, most modern nonprofits engage in at least limited online fundraising to engage supporters even while following social distancing guidelines. Applying to Fundraise Online.

Law 64

Law Fundraising Fundraising Public and Social Policy 64

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. .

Public and Nonprofit Management 98

Public and Nonprofit Management Nonprofits Nonprofit Accountability Management 98

The Charity CFO

JUNE 7, 2023

Evaluating Expenses : Evaluate the expenses incurred by the nonprofit, such as program expenses, administrative costs, fundraising expenses, etc. It enables financial analysis to identify cost-saving opportunities, manage expenses, and ensure efficient resource allocation. accounts payable, loans).

Nonprofit governance and management 52

Nonprofit governance and management Finance Activism Management 52

Get Fully Funded

FEBRUARY 23, 2021

Wave is a free accounting app for basic accounting functions. Aplos is built for nonprofit accounting and has donor management tools built in. Project management: A project management tool is essential to working with a team and making sure everyone is doing their assigned role to get to the finish line.

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Top Nonprofits

AUGUST 22, 2022

Nonprofit accounting is unique when compared to for-profit accounting. This is primarily because nonprofits agree to reinvest all of their revenue back into the mission at hand in exchange for tax-exempt status. Generally, they’re segregated into four categories: Financial managers or leadership.

Finance 52

Finance Nonprofit Finance Leadership Nonprofit Accountability 52

The Charity CFO

FEBRUARY 27, 2023

Also, there can be a lot of cash inflow from fundraising and grants , and it’s important to know how to use it. How does a nonprofit manage its money? One of the most important board members for a nonprofit is the treasurer. Many nonprofits do not have in-house accountants and choose to outsource instead.

Finance 52

Finance Nonprofits Nonprofit Finance Management 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 Finance Nonprofits Governance 77

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. Budget these first.

Finance 52

Finance Nonprofit governance and management Public and Nonprofit Management Nonprofits 52

The Charity CFO

JANUARY 13, 2022

In-kind donations help your nonprofit get the resources you need to carry out your programs without asking for more cash. For this reason, they’re an invaluable tool in your fundraising toolkit. But accounting for in-kind donations presents its own unique challenges. Because nonprofit accounting is all we do. .

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Values Nonprofits Non-Profits Nonprofit Accountability 98

The Charity CFO

APRIL 15, 2022

Triná Owens is a former nonprofit financial director who left her job to become an Accounting Manager at The Charity CFO. In this episode, she and Tosha tell you the top reasons that your accountants don’t stick around. In this episode, you’ll discover: The top 3 reasons nonprofit accountants walk out the door.

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Nonprofit Administration and Development 52

NonProfit Hub

SEPTEMBER 16, 2021

Even if you’ve worked in the nonprofit sector for decades, a refresher on the basics can be helpful. Leading a charity presents unique challenges like managing the roles of marketing and fundraising, building a brand, and growing in a way that aligns with your mission. Why Nonprofits Need Them [BLOG]. You’re not alone!

Nonprofits 45

Nonprofits Nonprofit Accountability Management Leadership 45

The Charity CFO

JANUARY 5, 2022

Functional expense reporting is the process of tracking the money you spend according to what the money was used for– like fundraising, administration, or programs. Management and General Administration – This category includes most of what you’d call “overhead costs.” What are Functional Expenses?

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Top Nonprofits

FEBRUARY 24, 2023

The fundraising strategy you intend to follow and any services you’ll offer need to serve your charitable purpose. Register for charitable solicitations Before you can start fundraising , you’ll most likely need to register with your state to ask for donations. Have a detailed financial plan and accounting system in place.

Finance 52

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

Nonprofit Megaphone

JUNE 23, 2022

Whether you need to take some simple steps to solidify your financial management approach or completely overhaul it, your organization will be able to accomplish more for your mission when you’ve fine-tuned your strategy. In this guide, we’ll cover the core elements of healthy nonprofit financial management.

Finance 52

Finance Nonprofit Finance Nonprofit governance and management Nonprofits 52

The Charity CFO

JANUARY 4, 2024

Imagine this: your nonprofit is busier than ever with fundraising events and field work to help make your community a better place. While you can’t make money appear out of nowhere, your nonprofit accountant can likely help you determine how to make compensation more competitive.

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The Charity CFO

DECEMBER 30, 2021

It confirms your compliance with federal grant management standards. And many federal and state agencies require audits, depending your organization’s fundraising, size, and spending. . For example, 26 states require an audit before a nonprofit can earn charitable registration — necessary for in-state fundraising.

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Nonprofits Health Leadership Management 98

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). Associate Product Manager Wikimedia Foundation (San Francisco, CA).

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Communication Public and Nonprofit Management Nonprofit governance and management Associations 65

The Charity CFO

JANUARY 21, 2022

But once you start getting larger donations or grants, fund accounting quickly becomes a necessity. . What is fund accounting? . Fund accounting is an accounting system created to help not-for-profit organizations and agencies manage streams of revenue designated for specific purposes. .

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Nonprofit Tech for Good

JANUARY 5, 2019

To do this, you will need: A Google for Nonprofits account (free). Simply go to google.com/nonprofits and click on the “Get Started” button. In August 2018, Erin Turner, Product Manager for YouTube Giving, announced that they are rolling out a new suite of fundraising tools for nonprofits , including: Fundraisers.

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