Activism Nonprofit Accountability Nonprofit Finance 
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. .
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. The post 10 Internal Controls for Safe Nonprofit Finances appeared first on Top Nonprofits by NXUnite.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Nonprofit Megaphone
JUNE 23, 2022
Considering these budgets separately takes into account some of the intricacies of nonprofit accounting like restricted funds. Therefore, your organization needs to be financially prepared to take on initial investments without displacing your other financial resources and activities. Contribute to your reserve fund.
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. To receive individualized support for your organization, consult a professional accountant with experience in nonprofit finances.
Top Nonprofits
FEBRUARY 23, 2024
Track their activities, including: Hours worked Overtime, if applicable Rate of pay According to Foundation Group’s 501(c)(3) status revocation guide , keeping complete and accurate financial records is the best way to protect your organization against noncompliance issues—and this includes employee data! Let’s get started!
Top Nonprofits
JULY 2, 2024
In a study shared by The Nonprofit Times , 38% of nonprofits reported some kind of expenses related to managing investments, such as paying for investment advising services. This means that more than a third of nonprofits have investment accounts and actively steward their funds by investing them.
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. At the same time, financial forecasting isn’t always easy—especially for nonprofit leaders who have other important obligations to focus on. It’s not set in stone like your budget.
Expert insights. Personalized for you.
98 
Let's personalize your content