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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Top Nonprofits

FEBRUARY 23, 2024

In this guide, we’ll explore how to manage payroll for your staff. The first step to effectively manage staff payroll is to gain a holistic understanding of your employees’ efforts and compensation. This data is crucial to effective financial management and nonprofit compliance, especially for annual filings such as Form 990.

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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.

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The Charity CFO

APRIL 22, 2024

In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. 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.

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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.

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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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The Charity CFO

JANUARY 12, 2024

By projecting revenues and expenses, nonprofits can develop realistic budgets that align more closely with their goals and priorities. Strategic Planning Nonprofits can also use financial forecasts to gain insights into the future financial health and sustainability of the organization. Get in touch with our team today.

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The Charity CFO

DECEMBER 8, 2022

But in order to get the most out of these grants, you need to understand how to properly manage and account for them. 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. Conduct regular audits.

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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). accounts payable, loans).

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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. Step #2: What do they own ? And what do they owe ?

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The Charity CFO

APRIL 24, 2024

Some of the most common KPI categories for nonprofits include financial, program-related, and operational metrics. Financial KPIs Financial KPIs are often some of the most important indicators of the health of an organization. These KPIs are especially good tools for tracking employee and volunteer satisfaction.

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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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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. .

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The Charity CFO

DECEMBER 30, 2021

It confirms your compliance with federal grant management standards. For example, 26 states require an audit before a nonprofit can earn charitable registration — necessary for in-state fundraising. And, the Office of Management and Budget requires an audit when a nonprofit spends more than $500,000 in federal funds in a year.).

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The Charity CFO

JANUARY 4, 2024

A good health insurance plan and paid time off are requirements for a lot of great employees. While you can’t make money appear out of nowhere, your nonprofit accountant can likely help you determine how to make compensation more competitive. Maybe a volunteer or intern came to work for you full-time and now works as a manager.

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

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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.

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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?

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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?

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Non Profit Accounting Academy

JANUARY 27, 2022

He was semi-retired, coming from an executive position in a regional health care facility. The post Reports Board Members Want: A CFO’s Perspective appeared first on Nonprofit Accounting Academy. I learned he had resigned but I didn’t know why. Even Mr. Green appeared satisfied.

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The Charity CFO

DECEMBER 22, 2021

The ONE thing that all financially sustainable nonprofits have in common (24:36). For more nonprofit accounting resources check out www.thecharitycfo.com. For more information on how to get your nonprofit financially established so that you can achieve your goals, visit CNRG Accounting Advisory @ [link].

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The Charity CFO

APRIL 27, 2022

Why do people give to nonprofits?”. And while he’s found that the answers vary wildly, he’s managed to identify some core principles that can predictably boost giving to your nonprofit. For more nonprofit accounting resources check out www.thecharitycfo.com. Why you need to “humanize” your communication.

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The Charity CFO

MARCH 2, 2022

This week on A Modern Nonprofit Podcast we discuss common red flags you can check today to verify your organization’s financial health. In this episode, Isabel Sippo joins me to talk about the most common reasons why your nonprofit’s finances might be a mess, and ways to clean them up. We only work with nonprofit.

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The Charity CFO

JANUARY 19, 2022

For more nonprofit accounting resources check out www.thecharitycfo.com. Tosha Anderson: And I think all of us get in that trap and nonprofits are not unique from that because oftentimes the leaders of nonprofits come up through the programmatic side. How to feel less alone in your leadership role. (28:09).

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Kivi's Nonprofit Communications Blog

MARCH 9, 2022

Despite all of these perks (and much to my mother’s dismay) in the summer of 2014, I made the jump from this well-resourced corporate marketing gig to working at a small community development nonprofit with an equally small budget. If $54 is still a stretch for your budget, I recommend a free nonprofit account with Canva.

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