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. Ready to dive deep into this exciting realm?

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NonProfit Leadership Alliance

OCTOBER 5, 2022

For nonprofits, you’ll use your budget to predict fundraising revenue and ensure those funds will cover all your program and administrative expenses. However, due to the nature of nonprofit accounting, your organization may need to use several different budgets regularly. . Define the Types of Budgets You Need.

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The Charity CFO

APRIL 27, 2022

Tim is the Founder and Chief Innovation and Optimization Officer for NextAfter, a fundraising research lab and consulting firm that works with businesses, nonprofits, and NGOs to help them grow their resource capacity. In this episode, you’ll discover: How human behavior impacts fundraising (4:00). A Modern Nonprofit Podcast.

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Nonprofit Marketing Insights by GlobalOwls

FEBRUARY 24, 2021

This includes donate buttons that make it super easy for your followers to contribute, and you can also take advantage of fundraising tools. It’s free and painless to switch to a nonprofit account across platforms, so I wouldn’t waste any time getting on board with this. Sign up for Facebook’s Charitable Giving Tools.

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The Charity CFO

MAY 31, 2022

In this article, we’ll walk you through the elements of nonprofit finance that every executive director, CFO, and accountant should know. But you won’t understand a nonprofit’s finances based on financial statements alone. For example, is the organization dependent upon special event fundraising? Money In: Revenue.

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Bloomerang

FEBRUARY 16, 2024

Using a nonprofit banking account can simplify nonprofit financial management and provide benefits that personal and business accounts do not offer. For example, Crowded , one of the leading nonprofit-centered financial institutions, offers free fundraising tools and donation collection for its nonprofit account holders.

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The Charity CFO

MAY 31, 2024

Transparency and accountability are two of the most important factors in nonprofit accounting. Being transparent in your nonprofit accounting helps build trust in your organization. Donors, the board of directors, and the public all want to know what your organization does with the funds it brings in.

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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. . I signed on to further a cause, not to be the accountant!

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Nonprofit Tech for Good

MAY 18, 2020

Advocating by galvanizing grassroots activism, signing petitions, and contacting elected officials. The application is available through Google for Nonprofits. If your organization does not yet have a Google for Nonprofits account, the first step is to create one. . Account Structure: . A widely searched Topic.

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Get Fully Funded

OCTOBER 26, 2022

Getting your programs off the ground, ensuring legal compliance, recruiting staff and volunteers, and correctly managing your nonprofit’s finances can be daunting. This checklist is a great starting point, and don’t be afraid to reach out to an expert like a nonprofit accountant for help or answers to any questions that arise.

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The Charity CFO

FEBRUARY 2, 2022

Information to classify expenses according to function (programming, administration, and fundraising) and detail what that money accomplished for each function) . 16 “schedules” that provide supplemental information on funding sources, campaign activities, international activities, in-kind donations , etc.

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The Charity CFO

FEBRUARY 9, 2022

And they want that anonymity to apply to their charitable activities as well. Others may wish to remain anonymous for more practical reasons (like avoiding your fundraising emails and weekly text-message campaigns). Want to learn the basics of nonprofit accounting? . Don't hire the wrong accountant for your nonprofit!

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Fundraising Coach

APRIL 28, 2021

Today, Jon Osterburg, Vice President of Sales and Marketing at Jitasa, lends the knowledge he’s gained helping over 100 nonprofits globally with their finances. He outlines several best practices nonprofits can implement in their accounting processes. . Fundraising is a vital part of your organization’s strategy.

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Fundraising Coach

APRIL 28, 2021

Today, Jon Osterburg, Vice President of Sales and Marketing at Jitasa, lends the knowledge he's gained helping over 100 nonprofits globally with their finances. He outlines several best practices nonprofits can implement in their accounting processes. . Fundraising is a vital part of your organization’s strategy.

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Nonprofit Tech for Good

JANUARY 10, 2022

Google Ad Grants are a terrific fundraising and marketing tool that Google makes available to nonprofits and charities. A Google Grant provides $10,000 each month to nonprofits to spend on Google Search ads. Google Grants can be a great fundraising option for almost all nonprofits. So what are Google Ad Grants ?

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The Charity CFO

JANUARY 21, 2022

Examples of unrestricted funds: Donations from general fundraising campaigns. So let’s take a look at where you’ll see restricted funds on your financial reports: Statement of Activities. You’ll see restricted and unrestricted revenue segmented on your Statement of Activities. These funds have no donor-imposed restrictions.

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The Charity CFO

OCTOBER 9, 2023

Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road. Well-functioning accounting systems can have a massive impact on how an organization runs outside of conventional financial ways, as well.

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Get Fully Funded

FEBRUARY 1, 2022

Create a fundraising plan to bring in the money you need, mapping out all your fundraising activities for the year. Consider hiring a consultant to help you establish a fundraising plan that will help you make sure you can cover your costs. And if you aren’t active, get active!) Sports equipment?

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Top Nonprofits

MAY 24, 2024

According to Double the Donation , board members have a fiduciary responsibility to monitor your organization’s financial activity and health, meaning financial oversight is their job. Estimate income: Evaluate all potential sources of income, from product fundraising revenue to in-kind donations to membership fees.

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Get Fully Funded

AUGUST 16, 2024

As a nonprofit leader, you’re no stranger to having to make the most of your limited resources. While maximized fundraising seems like the solution, the truth is that it takes responsible allocation of your resources to make sure every dollar is used wisely—and this starts with effective documentation. Work With a Nonprofit Accountant.

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Get Fully Funded

FEBRUARY 23, 2021

Wave is a free accounting app for basic accounting functions. Aplos is built for nonprofit accounting and has donor management tools built in. You need a website to be the hub of all your online activities. Squarespace and Wix are both popular choices for small nonprofits. But there are many other options.

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The Charity CFO

APRIL 18, 2024

Try these strategies to help your organization maintain financial stability in 2024 and beyond: Diversify your revenue streams with new programs, donation initiatives, and fundraising events–so long as you can implement them efficiently. Try fundraising hacks like doubling efforts for successful fundraising initiatives.

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The Charity CFO

DECEMBER 27, 2023

Tax-exempt status makes it easier for your organization to retain nonprofit revenue and meet the goals of your mission. However, your nonprofit may engage in revenue-generating activities that don’t relate to the purpose of your organization. The nonprofit must have control over the charitable activities of the venture.

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Blue Avocado

OCTOBER 22, 2024

Register with charitable solicitation agencies : Register, when required, with the charitable solicitation office in your home state as well as any state in which you regularly fundraise, including by email. It may be helpful as a starting point to talk to another nonprofit leader whose organization is engaged in the same activity.

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The NonProfit Times

NOVEMBER 14, 2024

This categorization allows nonprofit managers to demonstrate how funds are spent across activities and is essential for transparency and accountability. At its core, functional expense reporting segments a nonprofit’s costs into three main categories: program services; management and general activities; and, fundraising efforts.

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The Charity CFO

JULY 12, 2024

The timing of an organization’s income and expenses in cash-basis accounting can misrepresent the actual financial state of the nonprofit. Say a nonprofit hosts a large fundraising event in the second quarter. Get in touch today to see how we can help you transition accounting systems!

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The Charity CFO

AUGUST 30, 2022

All US businesses, for-profit and nonprofit, were subject to new revenue recognition standards starting by 2019. Nonprofit accounting departments often move slowly, so while hopefully you’ve already implemented these standards, you should ensure that you have. And Does It Impact Nonprofits? ASC 606 5-Step Process.

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The Charity CFO

JANUARY 5, 2023

They should clarify the roles, authority, and responsibilities for essential financial management activities and decisions. . Accountability for everyone involved. Nonprofit fiscal policy. They provide a framework for the oversight and governance of financial operations and activities. Statement of activities.

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The Charity CFO

MAY 22, 2024

Common financial KPIs for nonprofits include: Revenue Growth Rate Net Income Ratio Fundraising Efficiency Ratio Program Expense Ratio Revenue Growth Rate Your organization’s revenue growth rate measures the percentage increase or decrease in total revenue over a defined period.

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EveryAction

JANUARY 25, 2023

As far as free advertising for nonprofit organizations goes, this program lets you: Target your reach and increase digital visibility. Track your nonprofit marketing efforts using complimentary analytics. Drive online traffic to your website for fundraising, recruiting, and more. Run multiple campaigns concurrently.

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The Charity CFO

FEBRUARY 27, 2024

Include programs, fundraising, and administrative costs Budget by program (if applicable) Budget for a surplus to finance expansion in future years Without a budget in place, you’re left scrambling to ensure you have the funds to cover expenses, such as paying employees or funding nonprofit programs. Budget these first.

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The Charity CFO

JUNE 7, 2023

Nonprofit Financial Statements You are likely familiar with the different nonprofit financial statements that are typically included in a reporting package: Statement of Activities Statement of Financial Position Statement of Cash Flows Statement of Functional Expenses But we’d like to dive beyond the surface.

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The Charity CFO

JANUARY 12, 2024

It’s your guide for how you plan to spend and receive funds, kind of like a financial blueprint for the year’s activities. When applying for a grant or seeking other fundraising options, it is not uncommon for nonprofits to be required to submit a financial forecast in order to even be considered.

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The Fundraising Authority

MAY 8, 2021

What you need to get a Google Ads Grant Account: Google for Nonprofits You access the Ad Grant application through Google for Nonprofits, so having a Google for Nonprofits account is a prerequisite. If you don’t have a Google for Nonprofits account yet, here’s how: 1.

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The Charity CFO

JUNE 27, 2024

Financial Management and Fundraising Strategies As an executive director, one of your most important roles in your organization is providing financial management. Even if you have an extensive fundraising team, you’ll likely still be working hands-on in managing funds, creating fundraising strategies, and allocating resources effectively.

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Top Nonprofits

AUGUST 22, 2022

Nonprofit accounting is unique when compared to for-profit accounting. This is primarily because nonprofits agree to reinvest all of their revenue back into the mission at hand in exchange for tax-exempt status. Let’s dive into the first one! Requiring two signatures on a check. Preauthorizing expense reimbursements.

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Top Nonprofits

FEBRUARY 23, 2024

Whether you’re investing in fundraising software or paying for programs to fulfill your mission, your nonprofit’s budget requires careful allocation of expenses. This data is crucial to effective financial management and nonprofit compliance, especially for annual filings such as Form 990. Let’s get started!

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