Foundation Group

SEPTEMBER 20, 2021

The post Should Your Nonprofit Outsource its Bookkeeping Needs? appeared first on Foundation Group®.

Foundations 88

Foundations Nonprofits Nonprofit Accountability Education 88

Top Nonprofits

FEBRUARY 13, 2024

Nonprofits are typically composed of hardworking professionals who wear many hats. However, some areas of nonprofit work require more specialization. There are three ways for your nonprofit to access accounting services, each of which comes with its own pros and cons: Hiring an accountant in-house. Let’s get started!

Nonprofit governance and management 59

Nonprofit governance and management Finance Nonprofit Accountability Nonprofits 59

The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. Nonprofits are subject to a lot of legal and financial scrutiny.

Nonprofit Accountability 52

Nonprofit Accountability Technology Nonprofits Finance 52

The Charity CFO

APRIL 26, 2024

That’s why it’s so important to know what to look for in a nonprofit accountant. The next step is to ask your potential nonprofit accountant a few questions to see if they’d be a good fit for your organization. Here are seven questions to ask a nonprofit accountant before working with them.

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Ethics 52

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? Why Do Nonprofit Accountants Quit? Low salaries.

Nonprofit Accountability 98

Nonprofit Accountability Nonprofit Administration and Development Finance Nonprofits 98

Top Nonprofits

FEBRUARY 23, 2024

This data is crucial to effective financial management and nonprofit compliance, especially for annual filings such as Form 990. The details about your staff’s activities can also help you gain a better understanding of how much it costs to fund your nonprofit’s programs. Allocate expenses by functional classification.

Management 52

Management Finance Nonprofit Finance Insurance 52

NonProfit Leadership Alliance

JULY 26, 2023

There are numerous legal hurdles to clear in the nonprofit formation process and beyond. Whether you’re filing for tax-exempt recognition or recruiting volunteers for your next fundraiser, every phase of your nonprofit’s existence has guidelines that set boundaries for its operations.

Finance 79

Finance Governance Charitable Contribution Nonprofits 79

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

OCTOBER 19, 2022

In this episode, A Modern Nonprofit Podcast host Tosha Anderson comes to you directly, to talk about the 5 biggest myths she’s encountered time and again while working with nonprofits. Don’t be misinformed, join Tosha as she reveals the truth behind concepts that tie nonprofit founders, board members, and bookkeepers in knots.

Nonprofit Accountability 95

Nonprofit Accountability Finance Nonprofits 95

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. . NOTE: For a nonprofit organization, revenue also includes non-cash gifts, like in-kind donations of goods or services. Or profit. .

Activism 98

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

The Charity CFO

AUGUST 24, 2022

Managing a nonprofit’s finances is not a one-person job. Sure, your financial team– your bookkeeper, accountant, and CFO (if you have one)–take the lead role in managing your finances. The high-performing organizations we work with all ensure that nonprofit financial management is a collaborative effort. Get the free guide!

Management 98

Management Finance Participation and motivation Nonprofits 98

The Charity CFO

JULY 13, 2022

This article will summarize the principal criteria the top 3 charity watchdogs use to evaluate your nonprofit organization. Charity Watchdogs is a term used to describe various organizations attempting to measure the quality of a nonprofit organization. They’ve been providing ratings for nonprofits in some form since the 1920s.

Public and Nonprofit Management 98

Public and Nonprofit Management Nonprofit governance and management Finance Nonprofits 98

Donorbox Nonprofit

MAY 30, 2023

Accounting software can not only make your bookkeeping more efficient – it can also help you […] The post Top 10 Church Accounting Software [+Tips to Choose] appeared first on Nonprofit Blog. Churches need a way to adequately track that money coming in so they can be responsible stewards of their church.

Nonprofits 52

Nonprofits Fundraising Fundraising 52

The Charity CFO

JULY 14, 2022

A lot of nonprofit leaders are asking us about how to prepare their organizations for the possibility of a recession. 6 Steps to Recession-Proof Your Nonprofit. 6 Steps to Recession-Proof Your Nonprofit. Because no business–including nonprofit businesses– can operate successfully without knowing their numbers. .

Nonprofits 105

Nonprofits Health Fundraising Fundraising 105

The Charity CFO

JANUARY 5, 2022

Functional expense reporting confuses many first-time nonprofit bookkeepers and executives. But it is need-to-know-information in the nonprofit world. Because you’re required to report functional expenses to complete your IRS 990 and maintain nonprofit status. Don't hire the wrong accountant for your nonprofit!

Non-Profits 96

Non-Profits Nonprofits Finance Public and Nonprofit Management 96

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

MAY 19, 2023

Cash management for a nonprofit organization is possibly the most important consideration for success. In a previous article, we discussed the benefits, risks, and compliance requirements of outsourcing bookkeeping for nonprofit organizations. This supports informed decisions about spending, budgeting, and resource allocation.

Nonprofit Organizations 52

Nonprofit Organizations Nonprofit Organizations Management Finance 52

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

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. The truth is, many nonprofits tend to fumble when it comes to their books. . Benefits of Nonprofit Accounting Services. Nonprofit Accounting Services: More than a Bookkeeper.

Nonprofit Accountability 52

Nonprofit Accountability Finance Public and Nonprofit Management Nonprofit governance and management 52

The Charity CFO

OCTOBER 1, 2022

For over 11 years, she has worked directly with low-income families, nonprofit employees, school leaders, and communication leaders to better our systems and implement innovative programs. As if her experience wasn’t enough, she also has a Bachelor’s in Social Work from SLU and a Master’s in Nonprofit Management from Fontbonne.

Nonprofit Administration and Development 98

Nonprofit Administration and Development Organizational Development Children Management 98

The Charity CFO

JUNE 1, 2022

How intentional is your nonprofit with your communication plans? Houda Elyazgi joins A Modern Nonprofit to talk about building integrated and strategic communication campaigns to help build momentum and get public support for your most important initiatives. Don't hire the wrong accountant for your nonprofit! Get the free guide!

Public and Social Policy 98

Public and Social Policy Communication Public Policy Education 98

Get Fully Funded

JUNE 5, 2023

When set up right, your nonprofit accounting system will help you manage your nonprofit and streamline processes like budgeting, projecting cash flow, and even hiring. Most people who start or lead nonprofits aren’t numbers people. We’ve worked with nonprofits that ignored their Quickbooks and just did the minimum to get by.

Nonprofit Accountability 98

Nonprofit Accountability Nonprofit governance and management Finance Management 98

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

MARCH 16, 2022

Today we’re proud to announce another amazing addition to the industry’s best nonprofit accounting team! She’s going to play a key role in ensuring that each and every one of our nonprofit clients gets the service they expect and deserve. Don't hire the wrong accountant for your nonprofit! Get the free guide!

Management 98

Management Nonprofit Administration and Development Nonprofit governance and management Healthcare 98

The Charity CFO

MAY 20, 2022

When it comes to marketing, many nonprofits shift right to thinking about development. This week, Emily Heck joins us to talk about how marketing should fit into the plans of a modern nonprofit that wants to thrive and grow. The most important thing successful nonprofits do with their marketing (7:00). Get the free guide!

Marketing 98

Marketing Marketing Education Education 98

The Charity CFO

JULY 27, 2022

If the terms cloud software or data quality make you want to run for cover, you’re not alone in the nonprofit world where hand-keyed spreadsheets are still commonplace. Don't hire the wrong accountant for your nonprofit! The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. Get the free guide!

Non-Profits 95

Non-Profits Retention Nonprofits Leadership 95

The Charity CFO

SEPTEMBER 14, 2022

If you know only one thing about 501(c)(3) nonprofit organizations , you probably know that they don’t pay federal taxes on their income. . So how do you know if your nonprofit organization has taxable unrelated business income? Not Sure If Your Nonprofit Income Is Taxable Or Not? But what if I told you that’s not always true?

Non-Profits 98

Non-Profits Taxation Food Activism 98

The Charity CFO

MARCH 1, 2022

Since joining our team as an Accounting Associate, Emily has consistently shown passion and aptitude for helping our nonprofit clients with their accounting needs. Don't hire the wrong accountant for your nonprofit! The #1 accounting mistake that nonprofits make is hiring the wrong people to help them. ” -Emily Waltemate.

Law 105

Law Associations Nonprofits 105

The Charity CFO

MAY 4, 2022

And how do successful nonprofits recruit and engage new board members? Linda has trained over 30,000 nonprofit professionals worldwide–from Nevada to Mexico to Egypt–and is only one of about 100 people to hold the prestigious title of Advanced Certified Fund Raising Executive (ACFRE). Don't hire the wrong accountant for your nonprofit!

Recruitment 98

Recruitment Fundraising Fundraising Nonprofits 98

The Charity CFO

JULY 17, 2023

Just like a human body’s health situation can be complex, nonprofit financial health is similarly nuanced. That’s why staying financially healthy and keeping your nonprofit in tip-top shape requires the occasional “checkup” to see where you’re doing well and where you can improve.

Health 52

Health Nonprofits Finance Leadership 52

Blue Avocado

MAY 20, 2021

Part 2: Personal to Personnel In 2019, I came to Lost Valley Education and Event Center (LVEC), first as a student, then as LVEC’s bookkeeper, with no prior training in the craft other than management of my own finances and my stint as an Air Force Intelligence Officer. LVEC is a nonprofit whose resident staff, […].

Finance 72

Finance Education Education Nonprofits 72

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

JANUARY 21, 2022

Nonprofits often receive donations or grants designated for a specific purpose–like a donation to a specific program or grant you have to spend within a calendar year. And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face.

Nonprofit governance and management 98

Nonprofit governance and management Public and Nonprofit Management Nonprofits Finance 98

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

OCTOBER 4, 2022

million nonprofits globally. To ensure that a nonprofit runs efficiently, several people work behind the scenes to make things much easier, and one of those people is the operations manager. The operations manager might be the secret weapon of the most successful nonprofits we know. There are more than 1.54

Management 98

Management Nonprofit Administration and Development Informational Technology Technology 98

The Charity CFO

JANUARY 12, 2024

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. What Is a Financial Forecast for Nonprofits?

Finance 52

Finance Nonprofits Nonprofit Accountability Management 52

The Charity CFO

AUGUST 31, 2022

In this episode, Tosha will walk you through the most common misconceptions about nonprofit audits to let you know exactly what you can expect (and NOT expect) from a nonprofit audit before you commit. Audits scare the daylights out of nonprofit founders. Don't hire the wrong accountant for your nonprofit!

Nonprofits 52

Nonprofits 52