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 That may include.

Management 98

Management Nonprofit Administration and Development Informational Technology Technology 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

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? But what if I told you that’s not always true? This is called the unrelated business income tax, or UBIT.

Non-Profits 98

Non-Profits Taxation Food Activism 98

The Charity CFO

JUNE 29, 2022

Nonprofits teams have a tendency to break into silos that don’t communicate well with each other, like fundraising, programs, finance, HR. In her current role, she helps coordinate and direct the work of several outsourced teams to ensure her organization hits their goals and stays on budget. Listen to the podcast here ??. Or here ??.

Management 52

Management Finance Children Collaborations 52

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. . As a nonprofit, you call the difference between revenue and expenses the change in net assets. . Or profit. . What’s on the Statement of Activities?

Activism 98

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

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. Saves time and money. data entry, invoicing, and report generation).

Nonprofit Accountability 52

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

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. What is cash management?

Nonprofit Organizations 52

Nonprofit Organizations Nonprofit Organizations Management Finance 52

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

FEBRUARY 27, 2023

Does your organization get bogged down with nonprofit treasurer duties? Nonprofits don’t exist for the purpose of earning profits. With that being said, money is central to a nonprofit’s success. How does a nonprofit manage its money? One of the most important board members for a nonprofit is the treasurer.

Finance 52

Finance Nonprofits Nonprofit Finance Management 52

Nonprofit Marketing Insights by GlobalOwls

SEPTEMBER 29, 2020

A Guide to Outsourcing for Nonprofit Organizations. Are you struggling to find the right people to help you grow your Nonprofit? Check out a couple of reasons to consider when outsourcing talent for your NGO. Outsourcing is getting traction in almost all domains of businesses and industries across the world.

Nonprofit Organizations 59

Nonprofit Organizations Nonprofit Organizations Non-Profits Informational Technology 59

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

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

APRIL 29, 2022

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. How to prepare for your nonprofit audit: Step 1: The Roadmap.

Nonprofits 105

Nonprofits Finance Nonprofit Accountability Management 105

The Charity CFO

MARCH 24, 2022

Nonprofit fraud makes for great headlines— like the Minnesota nonprofit Feeding Our Future accused this year of squandering $48 million of federal funding on luxurious trips, fancy mansions, and other personal costs. . According to The New York Times , the value of nonprofit fraud is approximately $40-50 Billion each year.

Nonprofit governance and management 98

Nonprofit governance and management Participation and motivation Public and Nonprofit Management Non-Profits 98

The Charity CFO

JULY 28, 2022

Updated standards on accounting for nonprofit leases ( ASC 842 ) go into effect this year for most organizations–and next year for the few remaining exceptions. What is ASC 842 for nonprofit lease accounting? And the rule changes will impact a large percentage of nonprofit organizations. When does ASC 842 take effect?

Finance 98

Finance Nonprofits Nonprofit Accountability Activism 98

NonProfit Hub

MAY 16, 2017

Nonprofit or not, a lot of businesses need help filling the gaps where their shortcomings lie. Not all nonprofits have a problem with hiring ample staff and creating resources to achieve their mission, but many of us do. . Outsource the solution. What’s the cost of outsourcing? Sponsored by Jitasa.

Marketing 40

Marketing Marketing Nonprofits Culture 40

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. Almost any non-cash gift to your nonprofit can be considered an in-kind donation, but most of them fall into one of two categories: goods or services. . Why accounting for in-kind donations matters.

Values 98

Values Nonprofits Non-Profits Nonprofit Accountability 98

The Charity CFO

SEPTEMBER 22, 2022

Nonprofits exist to meet a societal need or provide a public benefit. Unlike an organization whose primary goal is to make money, nonprofits exist to meet a community’s needs. That said, while it’s not your primary purpose, your nonprofit must find ways to make money. . How do nonprofits make money?

Nonprofit governance and management 98

Nonprofit governance and management Governance Public and Nonprofit Management Nonprofits 98

The Charity CFO

APRIL 8, 2022

Starting a nonprofit organization can be confusing and tricky, especially if it’s your first time and you don’t have any experience filling out a 501c(3) application. However, filling out the application is an essential step in setting up a nonprofit charity with the full benefits of tax-exempt status.

Nonprofit governance and management 52

Nonprofit governance and management Nonprofit Accountability Nonprofits Activism 52

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. Here’s a look at some of the qualifications you should look for in a nonprofit finance director and tips on how to verify those qualifications: Qualifications For A Nonprofit Finance Director.

Nonprofit Finance 52

Nonprofit Finance Finance Public and Nonprofit Management Nonprofits 52

NonProfit Hub

MARCH 5, 2018

This may be sound advice when going through relationship troubles, but it should by no means apply to your decision making with outsourced staff. In fact, the opposite is usually true: if you love the work an outsourced staff member is doing, don’t let them go. It may sound daunting, but it’s easier than you may think.

Construction 46

Construction Psychology Nonprofits Management 46

Get Fully Funded

FEBRUARY 22, 2022

As your nonprofit starts to blossom, don’t be surprised if you are conflicted over how much to spend on nonprofit administration, especially fundraising. But you have to spend some money on running your nonprofit. Overspending on fundraising is NOT the problem I see most often in small nonprofits, though. And fundraising.

Nonprofit Administration and Development 132

Nonprofit Administration and Development Fundraising Fundraising Nonprofits 132

The Charity CFO

AUGUST 15, 2023

The nonprofit sector is full of rewarding and impactful careers because it plays a crucial role in addressing various social, environmental, and humanitarian challenges. In this section, we will debunk the three most common nonprofit accounting myths. However, most of it is actually the same.

Nonprofit Accountability 52

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

Get Fully Funded

JULY 12, 2011

This is a common lament among staff in small nonprofit organizations. Consider outsourcing things that you aren’t good at (for me, that’s bookkeeping!). Do you wear “Fundraiser&# as one of your many haes and get frustrated when there aren’t enough hours in the day to get everything done? Just get help.

Energy 56

Energy Recruitment Fundraising Fundraising 56

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? The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. .

Nonprofit Accountability 98

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

Get Fully Funded

MAY 8, 2023

But to do that, you need to figure out how to grow your nonprofit. You’ve got so much to do as you launch your nonprofit. And about a hundred other things necessary to get your fledgling nonprofit up and running. And about a hundred other things necessary to get your fledgling nonprofit up and running. A website to build.

Nonprofits 122

Nonprofits Nonprofit Administration and Development Finance Management 122

The Charity CFO

FEBRUARY 2, 2022

Every tax exempt nonprofit must file IRS Form 990 (Return of Organization Exempt from Income Tax) every year. That’s right, your nonprofit needs to file an IRS return. In fact, as a nonprofit organization, the expectations for transparency and accountability are higher than those for for-profit businesses.

Non-Profits 98

Non-Profits Nonprofits Activism Foundations 98

The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure. Let’s meet these organizations. This is built upon our mission and values.”

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofit Administration and Development Nonprofits 52

The Charity CFO

APRIL 5, 2022

But that’s not quite true—nonprofits face a decision between 2 different accounting methods for tracking their financial activity: cash accounting vs. accrual accounting. Is your nonprofit required to use accrual accounting? So which accounting method is right for you? Cash vs. Accrual Accounting: What’s the difference?

Construction 98

Construction Nonprofit governance and management Nonprofits Finance 98

The Charity CFO

MAY 2, 2022

W atchdog organizations, large donors, and grantmakers regularly use your 990 to uncover a nonprofit’s financial health in just a few seconds. Just by reading these three section of the 990, your donors can get a pretty accurate picture of the financial health of your nonprofit. . Let’s get started! ?? Parts I, VII, and X.

Nonprofit governance and management 105

Nonprofit governance and management Public and Nonprofit Management Health Finance 105

The Charity CFO

APRIL 15, 2022

During the “Great Recession,” nonprofits have lost their accountants and financial directors at record rates. At the same time, hundreds of nonprofits are waking up to realize that the financial structure they’ve always relied on doesn’t work as well any more. So why do accountants leave nonprofit organizations?

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Nonprofit Administration and Development 52

Bloomerang

MAY 7, 2021

Join fundraising master trainer, Chad Barger, CFRE, for a workshop focused on finding potential supporters for your nonprofit organization. Chad will review the best practices in fundraising prospect identification and provide practical tips for how small nonprofits can maximize their network. Full Transcript: Steven: All right.

Public and Nonprofit Management 116

Public and Nonprofit Management Foundations Fundraising Fundraising 116

The Charity CFO

MAY 6, 2022

According to The Nonprofit Times, almost 80% of all nonprofit revenue comes from the US government in the form of federal grant funding or fees for services. Those numbers may be skewed by some outliers, like education, but, regardless, there is still a lot of federal money up for grabs. What do I need to be eligible for federal funds?

Recruitment 119

Recruitment Governance Insurance Nonprofits 119

The Charity CFO

FEBRUARY 23, 2022

For over 20 years, nonprofits struggled to take data privacy seriously. This week on A Modern Nonprofit Podcast we discuss today’s biggest cybersecurity threat and how nonprofits can use technology without putting themselves at risk. How nonprofits can use technology to work smarter without putting themselves at greater risk.

Non-Profits 98

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

The Charity CFO

MARCH 2, 2022

“I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. 99% of nonprofit founders we work with don’t have a background in finance. For more nonprofit accounting resources check out www.thecharitycfo.com. ?? A Modern Nonprofit Podcast.

Finance 98

Finance Non-Profits Public and Nonprofit Management Nonprofit Administration and Development 98

The Charity CFO

APRIL 6, 2022

Why is it so hard for nonprofits to find the help they need? From choosing a fundraising software to getting financial advice to finding a grant writer, nonprofits struggle to find good help. So how did a former VP at Goldman Sachs end up serving nonprofits? And what can the for-profit world learn from the nonprofit world?

Non-Profits 52

Non-Profits Nonprofits Public and Nonprofit Management Philanthropy 52