The Charity CFO

APRIL 20, 2023

How can nonprofit accounting software help your organization with efficiency? However, nonprofit organizations face unique accounting challenges and not all commercial accounting software may be equipped to handle. Where to start with nonprofit accounting software Nonprofits have to comply with strict financial accounting standards.

Nonprofit Accountability 98

Nonprofit Accountability Finance Technology Nonprofits 98

The Charity CFO

MARCH 23, 2023

Nonprofit accounting financial statements may seem like a chore. However, the benefits of these statements far outweigh any possible inconvenience. Nonprofits use financial statements to comply with IRS regulations, build trust with donors, and plan for the future.

Nonprofit Accountability 52

Nonprofit Accountability Finance Activism Nonprofits 52

The Charity CFO

JANUARY 31, 2022

The Statement of Activities is the Income Statement of a nonprofit organization. You may also know it as a profit and loss statement or income and expense report. As a nonprofit, you call the difference between revenue and expenses the change in net assets. . What’s on the Statement of Activities? .

Activism 98

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

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.

Finance 52

Finance Nonprofits Health Nonprofit Accountability 52

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

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 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

MNA Association

APRIL 3, 2023

In the past few years, MNA has provided its Financial Leadership series to more than 1,000 nonprofit staff and leaders from all across the country. This is a six-week deep dive into all things money, from budgeting to cash flow to managing restricted funds and much more.

Nonprofit Administration and Development 52

Nonprofit Administration and Development Leadership Finance Associations 52

Get Fully Funded

JANUARY 16, 2024

Now that your new nonprofit is up and running, developing a solid foundation for financial management should be a top priority. The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission.

Nonprofit Accountability 52

Nonprofit Accountability Nonprofit governance and management Nonprofit Administration and Development Finance 52

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

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. Doing so helps you ensure your team truly understands your finances and can help you do your job more effectively.

Finance 52

Finance Management Non-Profits Nonprofits 52

The Charity CFO

APRIL 13, 2023

Nonprofit financial management is one of the primary concerns for organizations. Nonprofits are special types of organizations, in both their structure and their purpose. This meaning is the driving force behind what nonprofit organizations do day in and day out. They live in the hearts of many as symbols of good in the world.

Management 52

Management Finance Public and Nonprofit Management Nonprofits 52

The Charity CFO

APRIL 18, 2024

It’s no secret that running a nonprofit isn’t always easy, especially if you don’t know what challenges await you in the coming months. Luckily, we’ve put together a list of the five most common challenges for nonprofits in 2024. Let’s look closer at the challenges nonprofits will face in 2024–and how to solve them!

Non-Profits 52

Non-Profits Nonprofit Accountability Finance Nonprofits 52

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. In fact, they’d rather do most anything else than manage numbers. Again, big mess.

Nonprofit Accountability 98

Nonprofit Accountability Nonprofit governance and management Finance Management 98

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. Net assets aren’t a complex topic to understand.

Non-Profits 52

Non-Profits Finance Food Nonprofit Accountability 52

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

Fundraising Coach

OCTOBER 12, 2023

As a nonprofit professional, you understand the importance of filing Form 990 in a timely and accurate manner. However, did you know that you can gain valuable insights about your nonprofit from your Form 990 that can help you obtain donors ? The answer depends on a number of factors specific to your nonprofit.

Nonprofit governance and management 52

Nonprofit governance and management Public and Nonprofit Management Health Nonprofits 52

The Charity CFO

MAY 11, 2023

Bookkeeping is a critical component of running a successful nonprofit organization. However, managing bookkeeping in-house can be time-consuming and expensive, which is why many nonprofits are turning to outsourced bookkeeping services. As a leader, you’ll have to determine what is right for your nonprofit.

Nonprofit Accountability 52

Nonprofit Accountability Nonprofits Finance Law 52

The Charity CFO

DECEMBER 8, 2022

Grants are the lifeblood of nonprofits, giving them the much-needed cash injection to market the organization, fund a project, or get an initiative off the ground. Having a full grant pipeline increases your nonprofit’s chances of success and improves your visibility and credibility. What is a Grant? Major Types Of Grants.

Nonprofit governance and management 52

Nonprofit governance and management Law Charitable Contribution Nonprofit Accountability 52

Get Fully Funded

FEBRUARY 1, 2022

There’s nothing more exciting than making the decision to start a nonprofit! But first, you need to build a solid foundation so your nonprofit will thrive, not struggle. But first, you need to build a solid foundation so your nonprofit will thrive, not struggle. Everyone starts a nonprofit to make a difference.

Nonprofit governance and management 111

Nonprofit governance and management Foundations Nonprofits Activism 111

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

The Charity CFO

JUNE 7, 2023

A healthy nonprofit requires leadership, marketing, structure, and of course financial stability to make the impact it sets out to make. A healthy nonprofit requires leadership, marketing, structure, and of course financial stability to make the impact it sets out to make. Their tagline states: We help children breathe.

Finance 52

Finance Medical Leadership Children 52

Get Fully Funded

AUGUST 8, 2022

Nonprofits rely on donations and unless you are independently wealthy and able to self-fund your organization, you’ll need to share with folks a request for donations. Listen, starting a nonprofit is NOT a “build it and they will come” activity. What if you focus on finding partners, not bringing in cash? Keep reading.

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Children Education Education Homelessness 122

Nonprofit Tech for Good

AUGUST 19, 2023

By Meredith Gray , Head of Marketing at Keela – a complete software solution for nonprofits looking to grow revenue, centralize and manage data, and deepen donor engagement. As the world becomes increasingly more digital, nonprofits around the globe are recognizing the importance of accepting online donations as a form of giving.

Technology 86

Technology Fundraising Fundraising Management 86

NonProfit Hub

MAY 20, 2016

Starting a nonprofit is intimidating—but what’s scarier is seeing it go. To give you a hand in the process, we’ve identified four main problems that fading nonprofits have encountered. To give you a hand in the process, we’ve identified four main problems that fading nonprofits have encountered. Statement of activity.

Insurance 34

Insurance Nonprofit governance and management Activism Ethics 34

Nonprofit Megaphone

MAY 6, 2023

Nonprofit organizations are an essential part of our society, providing crucial services and support to those in need. However, running a nonprofit requires a unique set of skills and knowledge, particularly when it comes to governing the organization. Behind every successful nonprofit is a well-run board of directors.

Governance 52

Governance Nonprofit governance and management Ethics Nonprofit governance 52

Ann Green

MARCH 7, 2023

Learn more about these three key statements and what they’re used for. By Jon Osterburg When your nonprofit compiles your annual/impact report at the end of the year, you include some information about your fundraising revenue and other financial information. See how cash flows in and out of your nonprofit.

Finance 66

Finance Nonprofit Administration and Development Health Activism 66

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. So you can understand what’s happening in your business and communicate effectively with your board members, donors, and financial team. with this overview of nonprofit accounting basics. . And guess what?

Nonprofit Accountability 98

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

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? And is it time for you to switch to accrual from cash basis accounting?

Construction 98

Construction Nonprofit governance and management Nonprofits Finance 98

The Charity CFO

DECEMBER 28, 2022

As a nonprofit leader, your financial stewardship is important to remain compliant with the IRS. One way to ensure you remain within the confines of your tax-exempt status is to file and share a number of financial statements. But what are the financial statements? They include: Statement of financial position.

Non-Profits 52

Non-Profits Finance Nonprofit governance and management Nonprofits 52

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission.

Public and Social Policy 52

Public and Social Policy Finance Nonprofits Nonprofit Accountability 52

The Charity CFO

APRIL 28, 2023

Is there an advantage to working with accounting firms specializing in nonprofits? Nonprofit organizations play a crucial role in addressing social, environmental, and cultural issues in our society. Grant Accounting Many nonprofit organizations rely on grants to fund their programs and services.

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Management 52

Nonprofit Marketing Insights by GlobalOwls

JUNE 22, 2021

Writing a Nonprofit Business Plan in 10 Steps. Do you want to start a successful Nonprofit Organization? Having a clear and well-written plan of your nonprofit’s goals and activities can help you get donators, loans, grants, volunteers, and new board members. . Come Up With a Mission Statement. Create an Outline.

Public and Nonprofit Management 98

Public and Nonprofit Management Nonprofits Activism Marketing 98

Bloomerang

JUNE 11, 2021

By understanding core motivations, intentions, perspectives reflected in this webinar, you will be able to build a stronger case for support, increase the impact you have, and gain strategies for creating and preserving community. Lindsay Simonds will decode the top five most impactful ways people contribute to communities. I’m Steven.

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Participation and motivation Public and Nonprofit Management Values Activism 76

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. About Vermont Adult Learning Joe Przyperhart, M.S.

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofit Administration and Development Nonprofits 52

Get Fully Funded

MAY 1, 2023

Starting and growing your organization is a lot easier when you have a nonprofit business plan. Maybe they don’t know what a nonprofit business plan can do to help them. There’s also a common misconception out there that because your organization is labeled a “nonprofit” it doesn’t need to operate like a business.

Homelessness 124

Homelessness Nonprofits Agriculture Management 124

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. This week on A Modern Nonprofit Podcast we discuss common red flags you can check today to verify your organization’s financial health.

Finance 98

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