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. Yes, they might have a board member or volunteer who takes care of the finances, but they often lack specific expertise in nonprofit accounting.

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Fundraising Coach

APRIL 14, 2025

It also helps your nonprofit be more transparent with various stakeholderssupporters, funders, and even the government. If youre just getting started with nonprofit accounting, one of the most straightforward entry points is to learn about some of the key documents involved in this process. Statement of activities.

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The Charity CFO

MARCH 13, 2025

Is Your Nonprofit Ready for Increased Funding Scrutiny? Heres How to Prepare The financial landscape for nonprofits is shifting, and the pressure is mounting. With government funding and donor contributions facing heightened scrutiny, nonprofit leaders must ensure their financial systems are rock solid.

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Nonprofit governance and management Ethics Leadership Governance 52

Get Fully Funded

FEBRUARY 10, 2025

Understanding the fundamentals of accountingkeeping records of revenue generation and expendituresis critical for your nonprofit to launch successful mission-driven programs, plan engaging fundraising campaigns, and even just keep its lights on. However, nonprofit accounting is often more complicated than it sounds.

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The Charity CFO

MARCH 16, 2022

Today we’re proud to announce another amazing addition to the industry’s best nonprofit accounting team! Theresa Guest is joining The Charity CFO team in the role of Accounting Manager. She lives in Shiloh, Illinois with her husband, Daniel, and sons, Byron and Brian.

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NonProfit Hub

MAY 13, 2025

This organization is owed three-quarters of a million dollars on a government contract signed well before the 2024 election. (I know, I shouldnt have favorites, but) The tone of the call was heartbreakingfrustration, exasperation, overwhelmed and a strange mix of defeat and optimism. Payment for services already provided has stopped.

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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 Hub

MARCH 25, 2025

The Resilient Nonprofit: A Technology Roadmap for Navigating Uncertainty 2025 has come roaring in with a wave of uncertainty for nonprofits. While nonprofits were already struggling in a climate of decreasing donors and increasing donor churn , funding freezes from the federal government have created a host of challenges.

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NonProfit Hub

MAY 4, 2021

You may want some buffer between your governing body and the day-to-day operations of your nonprofit, but you don’t want that buffer to become a barrier. Unfortunately, Roberts Rules and nonprofit accounting are not common knowledge. This could include audits, planned giving, and nonprofit accounting practices.

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Governance Energy Education Education 82

Nonprofit Marketing Insights by GlobalOwls

JUNE 10, 2024

The board of directors oversees the organization’s governance, sets strategic direction, provides guidance, and ensures compliance with legal and ethical standards. How Do Nonprofit Teams Collaborate with Other Organizations or Government Agencies? How Do Nonprofit Teams Ensure Financial Accountability and Transparency?

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NonProfit Quarterly

FEBRUARY 27, 2024

Nonprofits differ from for-profit businesses or governments; they have different purposes, different revenue sources, and embody different cultural values. Yet nonprofits differ from for-profit businesses or governments; they have different purposes, different revenue sources, and embody different cultural values.

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The Charity CFO

FEBRUARY 25, 2022

If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. Because even if you only have one bank account, bill, investment, or expense, you’ll need one. What is a Chart of Accounts? Get Started with Nonprofit Accounting.

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The Charity CFO

MAY 31, 2022

Or is it heavily funded by complex government grant funding ? . And in most organizations, others on your finance committee or accounting team are glad to help. Plus, there are numerous free resources specific to nonprofit accounting and governance. Or a big once-per-year fundraising event?

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The Charity CFO

JANUARY 21, 2022

Most not-for-profit organizations and entities–like 501(c)(3) charities, churches, religious institutions, government agencies, nonprofit nursing homes and hospitals, and educational institutions– are required to use fund accounting. If you’re looking for info on fund accounting in government here is a great resource for you.

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Elevation

JUNE 20, 2025

Not be affiliated with a government. Register with Google for Nonprofits. Acknowledge and agree to Google’s required certifications regarding nondiscrimination and donation receipt use when you register with Google for Nonprofits. W hich nonprofit organizations do not qualify for the Google Ad Grant? Take our quiz !

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The Charity CFO

APRIL 19, 2022

And charity watchdogs like the Better Business Bureau and Charity Navigator use operating reserves as part of their calculations for what they consider a “Quality Nonprofit.” . So if you’re looking to build trust with government grant makers, foundations, or the general public, you’d better have some cash set aside for a rainy day.

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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. If so, how?

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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). Graphic Designer Stop Hunger Now (Raleigh, NC). Boston, MA or New York, NY).

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Communication Public and Nonprofit Management Nonprofit governance and management Associations 65

Nonprofit Tech for Good

MAY 18, 2020

In short, the Google Grant provides nonprofits with $10,000 each and every month to spend on ads in Google Search. What’s more, every 501(c)(3) nonprofit – other than hospitals, schools, and government organizations – is eligible for the Google Grant. You must be an IRS-approved 501(c)(3) nonprofit organization.

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Top Nonprofits

FEBRUARY 13, 2024

Nonprofit Accountant According to Jitasa , a nonprofit accountant is a professional who helps your organization “ensure financial health and stability, analyze financial data, and make decisions based on the nonprofit’s unique financial position.” That’s right, experts , plural. Let’s get started!

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The Charity CFO

DECEMBER 21, 2021

So if you’re new to nonprofit accounting , you shouldn’t make too many assumptions about which taxes you will (or won’t) have to pay. . In this article, we’ll do our best to answer the most the most common tax-related questions for 501(c)(3) nonprofits. Do nonprofits pay property tax?

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The Charity CFO

DECEMBER 8, 2022

The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes.

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Nonprofit governance and management Law Charitable Contribution Nonprofit Accountability 52

Get Fully Funded

APRIL 15, 2021

You see, in business accounting, money made beyond the cost to run a business is known as a profit. The confusion is that nonprofit accounting uses a different word for the money left over beyond its expenses: surplus. Because nonprofits are not owned, there is no one to receive the hypothetical profit.

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NonProfit Hub

DECEMBER 9, 2022

You may want some buffer between your governing body and the day-to-day operations of your nonprofit, but you don’t want that buffer to become a barrier. Unfortunately, Roberts Rules and nonprofit accounting are not common knowledge. This could include audits, planned giving, and nonprofit accounting practices.

Governance 41

Governance Energy Education Education 41

Non Profit Accounting Academy

AUGUST 3, 2020

People interpreted the rules differently and a result nonprofit income was being recorded inconsistently. Imagine being confused over accounting rules – and these were the CPAs!). A big question concerned government grants. Government Grants. Were they exchange transactions subject to the new standard?

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The Charity CFO

DECEMBER 27, 2023

Tax Implications of Nonprofits Owning For-Profit Businesses Unrelated Business Income Tax (UBIT) Recognized nonprofits generally receive tax-exempt status from the federal government. Tax-exempt status makes it easier for your organization to retain nonprofit revenue and meet the goals of your mission.

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The Charity CFO

APRIL 5, 2022

. If your bank, funders, or state of legal domicile require an annual audit of your financial statements then you’ll need to use the accrual basis of accounting. The rules governing independent financial audits for nonprofits can be complex, so do your research. But here are a few triggers to look out for: ??

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The Charity CFO

JANUARY 5, 2023

Nonprofit fiscal policy. They provide a framework for the oversight and governance of financial operations and activities. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). A Nonprofit Budget. Interdependence.

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The Charity CFO

APRIL 8, 2022

Think of Form 1023 as a business plan for your nonprofit organization, including your governing structure, planned programs, and purpose. Keeping up with all that, bookkeeping and accounting often distract young nonprofits from accomplishing their mission. . Don't hire the wrong accountant for your nonprofit!

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Top Nonprofits

JUNE 29, 2023

Additionally, conducting audits helps hold your nonprofit accountable to itself on a regular basis. If you need to send your results to your state government or a grantmaking organization, check their deadline and work backward to figure out when you need to start. This can lead to more donations and increased donor retention.

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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. Searching for a Nonprofit Accounting System?

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Nonprofit Tech for Good

JANUARY 10, 2022

Google Grants can be a great fundraising option for almost all nonprofits. Essentially all 501(c)(3) organizations qualify to take part unless they are hospitals, schools, or government organizations. Free Webinar: An Introduction to the Google Ad Grant for Nonprofits.

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Get Fully Funded

FEBRUARY 1, 2022

check with your local, regional, and national government for requirements and procedures for registering as a nonprofit organization. Build up your followings on your personal accounts, as well as your nonprofit accounts, and share your nonprofit’s posts to your personal accounts.

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The Charity CFO

FEBRUARY 27, 2024

For example, if you receive an annual grant from the government, that’s a fairly “certain” revenue. Working with a nonprofit accountant like The Charity CFO takes the challenge off of your plate. Move On To Revenues Start by recording what you expect to fundraise in the coming year. Budget these first.

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Finance Nonprofit governance and management Public and Nonprofit Management Nonprofits 52

MNA Association

APRIL 6, 2023

If you’re unsure which form is best for your organization, consider asking an accountant who has experience with nonprofit tax filing. Additionally, while it’s possible to complete your Form 990 internally, working with a nonprofit accountant helps ensure all documentation and information is recorded properly.

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The Charity CFO

DECEMBER 15, 2023

This can lead to unique accounting and recordkeeping challenges that for-profit businesses don’t have to face—especially related to revenue classification. Accurate revenue recognition, classification, and records are some of the most important aspects of nonprofit accounting.

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Top Nonprofits

AUGUST 7, 2023

As a nonprofit professional, you know that every dollar counts when it comes to pursuing your mission. Fortunately, the government empowers nonprofits to achieve their goals by exempting them from paying taxes. What is e-filing software and why should nonprofits leverage it?

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