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When Does Your Nonprofit Need an Audit?

The Charity CFO

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. So it’s not always a wise investment for some smaller nonprofits. .

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Why You May Need an Audit – and What You Should Get Instead

The Charity CFO

Does the idea of a financial audit on your nonprofit leave you feeling nervous? For many nonprofits, a full financial audit can help ensure the accuracy of their financial recordkeeping. Luckily, not all financial situations require an audit. However, it can also feel invasive and overwhelming.

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Nonprofit Financial Audits: 5 Frequently Asked Questions

Top Nonprofits

One of the main benefits of registering as a 501(c)(3) nonprofit is that your organization is exempt from paying most taxes. With this provision, you can reinvest all of your revenue back into your organization to help further your mission. Do all nonprofits conduct audits?

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Interim Executive Directors: All Your Questions Answered

Nonprofit Fixer

Have you ever wondered how to find and hire an interim executive director for your nonprofit? In the nonprofit sector, we don't talk much about interim executive directors. Below, he answers all your burning questions (based on Google searches and questions to me in recent years) about the role!

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Top 5 Mistakes Caught in a Nonprofit Audit

The Charity CFO

Does the idea of an audit from the IRS leave you with sweaty palms? Most nonprofit leaders aren’t accountants and the thought of getting audited is a sizable fear. Luckily, being prepared can help you avoid accounting mistakes that could come up in a nonprofit audit.

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Is My Nonprofit Ready For Federal Grant Funding?

The Charity CFO

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. If you’re like most organizations, you would love to get some of that funding to put toward your mission. What do I need to be eligible for federal funds?

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Nonprofit Audit Checklist (+ Free PDF Download)

The Charity CFO

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. And do you need one? .