The Charity CFO

JUNE 7, 2023

Nonprofit financial statements. Or can your financial statements be a lens to view your organization and fuel the mission? In this post, we’ll walk through the most important financial statements, and explain the strategic benefit you can gain by pulling the maximum value from the data.

Nonprofit governance and management 52

Nonprofit governance and management Finance Activism Management 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. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud. Well, the answer lies in understanding and implementing these 7 essentials of nonprofit financial management.

Management 52

Management Nonprofit governance and management Nonprofit Administration and Development Finance 52

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

Fundraising Coach

MAY 25, 2021

Today's article covers an integral project for all nonprofits - creating and refining mission and case statements. These documents are a vital foundation for all communication activities a nonprofit will undertake, as Grant Cobb, Head of Marketing and Analytics at GivingMail, explains. Assess if Your Mission has Changed.

Disaster Relief 105

Disaster Relief Nonprofits Public and Nonprofit Management Foundations 105

The Charity CFO

MAY 31, 2022

It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. . Money Out: Expenses.

Nonprofit Finance 98

Nonprofit Finance Finance Nonprofit governance and management Nonprofits 98

The Charity CFO

JANUARY 26, 2023

Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. You see, a 501 nonprofit corporation is recognized as tax-exempt by the IRS but this doesn’t mean they are exempt from filing taxes. Fortunately, filing taxes for a nonprofit doesn’t need to be stressful.

Public and Social Policy 52

Public and Social Policy Nonprofit governance and management Public and Nonprofit Management Finance 52

Bloomerang

JANUARY 22, 2024

You might be inspired to bring your idea to life by starting a nonprofit. million registered nonprofits in the United States, making these charitable organizations a staple of modern society. However, any new nonprofit needs a strong foundation to thrive. Around 30% of nonprofits cease to exist within 10 years of their founding.

Public and Social Policy 80

Public and Social Policy Nonprofit governance and management Public and Nonprofit Management Charitable Organizations 80

The Charity CFO

JUNE 10, 2022

Your finance committee spends the most time analyzing and studying your nonprofit’s numbers, yet your entire board of directors is responsible for financial oversight. All board members are responsible for the financial health of a nonprofit organization. Include nonprofit financial training component in board orientation.

Finance 52

Finance Management Non-Profits Nonprofits 52

The Charity CFO

OCTOBER 12, 2022

Since nonprofit organizations don’t profit from the money they make , the accounting processes for nonprofits look somewhat different than for-profit companies. And one of the key differences is that nonprofits talk about net assets rather than net income or equity. Understanding Nonprofit Net Assets.

Non-Profits 52

Non-Profits Finance Food Nonprofit Accountability 52

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

NonProfit Leadership Alliance

OCTOBER 5, 2022

The purpose of a nonprofit budget is to help you better plan your income and expenses in order to accomplish your goals. For nonprofits, you’ll use your budget to predict fundraising revenue and ensure those funds will cover all your program and administrative expenses. Choose the best budgeting model for your nonprofit. .

Nonprofit Administration and Development 130

Nonprofit Administration and Development Finance Nonprofits Nonprofit Accountability 130

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

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. . You’ll learn quickly that “nonprofit” doesn’t mean “no profit.”

Nonprofit Accountability 77

Nonprofit Accountability Finance Nonprofits Governance 77

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. However, when speaking about cash management there is much more to the story.

Nonprofit Organizations 52

Nonprofit Organizations Nonprofit Organizations Management Finance 52

The Charity CFO

FEBRUARY 27, 2024

Budget tracking is the process of monitoring your nonprofit’s income and expenses to ensure they stay within your planned budget. Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. But your budget shouldn’t be a “set it and forget it” plan.

Finance 52

Finance Nonprofit governance and management Public and Nonprofit Management Nonprofits 52

Get Fully Funded

OCTOBER 26, 2022

Deciding to start a new nonprofit is the beginning of an incredible journey. But once you see your nonprofit’s impact, the hard work will all be worth it. In this guide, we’ll help you make sure you’re on the right track in getting your new nonprofit up and running. Take steps to incorporate your nonprofit.

Finance 98

Finance Management Public and Nonprofit Management Nonprofits 98

The Charity CFO

OCTOBER 9, 2023

In many ways, new nonprofits can figure things out as they go, learning from their mistakes and making adjustments. Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road. However, that’s not the case with an organization’s accounting systems.

Nonprofit Accountability 59

Nonprofit Accountability Finance Activism Management 59

MNA Association

APRIL 24, 2024

With nonprofits seeing a recent decline in revenue across the board, it’s more important than ever to plan ahead financially. Fortunately, if your nonprofit keeps thorough records to file necessary tax forms , you’ve already got access to a key financial planning tool: bookkeeping data.

Finance 52

Finance Nonprofit Administration and Development Nonprofits Retention 52

Bloomerang

AUGUST 20, 2021

Though the COVID-19 pandemic has put a lot of life on hold, your nonprofit hasn’t stopped operating. And, with a few exceptions, the government hasn’t stopped expecting nonprofits to adhere to its rules, either. There are major penalties for non-compliant nonprofits, ranging from late filing fees to revocation of your nonprofit status.

Law 111

Law Governance Fundraising Fundraising 111

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

Bloomerang

AUGUST 23, 2021

Stop for a minute and consider your nonprofit’s values. Do you have a values statement that accompanies your vision or mission statements? This post on adopting a culture of philanthropy is part six in a six-part series. Read part one , part two , part three , part four , and part five. . Come from a place of service.

Culture 136

Culture Philanthropy Fundraising Fundraising 136

Nonprofit Fixer

APRIL 22, 2024

As a nonprofit leader, the day-to-day can start to feel like a slog. So, I invite you to take a step back and reconnect with your purpose with 40 inspiring quotes for nonprofit leaders. Motivational Quotes for Nonprofit Leaders These quotes are especially good if you’re having one of those tough days. So we can never give up.

Nonprofit Leadership 111

Nonprofit Leadership Leadership Fundraising Fundraising 111

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

NonProfit Quarterly

FEBRUARY 27, 2024

Image credit: Allef Vinicius on Unsplash Nonprofits remain a robust part of the US economy and a major source of employment. Donor contributions to nonprofits fell by 10 percent. Twenty percent of nonprofit employees “struggle paycheck-to-paycheck.” The report does not indicate what those funding sources might have been.)

Health 59

Health Civil Society Governance Public Policy 59

Fundraising Coach

MAY 25, 2021

Today’s article covers an integral project for all nonprofits – creating and refining mission and case statements. These documents are a vital foundation for all communication activities a nonprofit will undertake, as Grant Cobb, Head of Marketing and Analytics at GivingMail, explains. Let’s get started.

Disaster Relief 40

Disaster Relief Nonprofits Public and Nonprofit Management Foundations 40

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

JUNE 26, 2023

Whether you’re a new organization or an established one working to get its finances under better control, there are few more important things to get right than your nonprofit operating budget. It serves as the backbone of your nonprofit’s spending, fundraising, and much more.

Finance 52

Finance Nonprofits Associations Activism 52

Non Profit Accounting Academy

AUGUST 3, 2020

One standard applies only to nonprofits and covers contributions. The other standard applies to all entities, for-profit and nonprofit, and covers exchange transactions. Nonprofit organizations typically follow two patterns for entering income: All income is recorded as cash is received, or. How It’s Done Now.

Nonprofit governance and management 52

Nonprofit governance and management Governance Public and Nonprofit Management Nonprofits 52

The Charity CFO

JULY 10, 2023

To outsiders, it’s often assumed that all any nonprofit status is basically the same. But those starting and operating these critical organizations know there’s much more to the various nonprofit statuses, with varying rules and qualifications for each. What Does it Mean to Have a Nonprofit Status?

Public and Social Policy 52

Public and Social Policy Agriculture Non-Profits Public Policy 52

The Charity CFO

NOVEMBER 17, 2022

Financial planning and budgeting are vital for the success and sustainability of any nonprofit organization. . Without a clear understanding of income and expenses — it’s impossible to deliver on your organization’s mission, vision, and goals effectively. A nonprofit budget helps your organization: Stay fiscally healthy.

Nonprofit Administration and Development 52

Nonprofit Administration and Development Finance Nonprofits Activism 52

Stanford Social Innovation Review

MARCH 7, 2024

Some years ago, we participated in an activity aimed at raising awareness of gender bias among hiring managers. Lumi presented the group with statements on inequities between women and men—for example, that women receive lower salaries than men in similar job positions—and each person shared whether or not they agreed.

Nonprofit governance and management 115

Nonprofit governance and management Collaborations Participation and motivation Public and Social Policy 115

The Charity CFO

APRIL 16, 2022

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. One essential tool that you can use in your nonprofit is donation tracking software that can help you keep track of incoming gifts.

Governance 52

Governance Charitable Organizations Advertising Nonprofit Organizations 52

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

Fundraising Coach

MARCH 31, 2023

When you create marketing content to reach out to donors or introduce your nonprofit to a wider audience, how do you describe your organization? Do you stick to the basics, repeating your mission statement and the same fundraising appeal every time? Storytelling makes supporters feel more connected to your nonprofit.

Participation and motivation 72

Participation and motivation Nonprofits Recruitment Values 72

The NonProfit Times

APRIL 18, 2024

Note: See all the Best Nonprofits To Work For stories in the 4/1 digital edition … [link] ** There are some surprises in the data from 2023 for this year’s The NonProfit Times ’ “Best Nonprofits To Work For.” And yet within this environment nonprofit employee satisfaction soared. Stress soared.

Associations 52

Associations Culture Technology Management 52

The Charity CFO

FEBRUARY 16, 2023

Nonprofit budgeting best practices are often the difference between success and failure for the organization. Budgeting for nonprofits is very different from for profits, and a well-developed budgeting process can provide meaningful insight into the strength of your organization and your progress toward your mission.

Nonprofits 52

Nonprofits Finance Health Leadership 52

Fundraising Coach

MAY 25, 2023

Has your nonprofit accepted gifts of stock? It’s also easier to begin pursuing and accepting gifts of stock than you might initially assume if it’s a new undertaking for your nonprofit. The stock of publicly traded companies is most commonly donated to nonprofit organizations. Why should nonprofits accept stock donations?

Public and Social Policy 52

Public and Social Policy Values Nonprofits Activism 52