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. What is the actual goal in a nonprofit accounting setup?

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofit Administration and Development Nonprofits 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. We’ll tell you all you need to know about complying with these new rules when accounting for leases of all types. What is ASC 842 for nonprofit lease accounting?

Finance 98

Finance Nonprofits Nonprofit Accountability Activism 98

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

Nonprofit Tech for Good

MARCH 21, 2019

And this applies to nonprofits in a big way. That’s why when nonprofits encourage the act of social fundraising, they not only empower supporters to share their love of the cause, but they also leverage their vast personal networks to grow in so many ways. Having a personal experience with your nonprofit.

Fundraising 103

Fundraising Fundraising Nonprofits Activism 103

The Charity CFO

DECEMBER 21, 2021

Many nonprofit founders think that they won’t have to worry about taxes. So if you’re new to nonprofit accounting , you shouldn’t make too many assumptions about which taxes you will (or won’t) have to pay. . A note on the term “nonprofit:” There are 27 different nonprofits types in the federal tax code.

Public and Nonprofit Management 85

Public and Nonprofit Management Nonprofit governance and management Nonprofits Nonprofit Accountability 85

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. . For instance….

Nonprofit Finance 98

Nonprofit Finance Finance Nonprofit governance and management Nonprofits 98

The Charity CFO

FEBRUARY 2, 2022

Every tax exempt nonprofit must file IRS Form 990 (Return of Organization Exempt from Income Tax) every year. That’s right, your nonprofit needs to file an IRS return. In fact, as a nonprofit organization, the expectations for transparency and accountability are higher than those for for-profit businesses.

Non-Profits 98

Non-Profits Nonprofits Activism Foundations 98

Nonprofit Marketing Insights by GlobalOwls

FEBRUARY 24, 2021

How to Step Up Your Nonprofit Social Media Strategy & Increase Donations. Get the most out of it for your nonprofit by following the tips below. Over half of people engaging with your nonprofit over social media take further action in the long run. Set Up Nonprofit Social Accounts.

Non-Profits 94

Non-Profits Social Enterprise Social Enterprise Nonprofits 94

The Charity CFO

FEBRUARY 25, 2022

If you’re brand new to nonprofit accounting, the Chart of Accounts might be the best place to start. Because even if you only have one bank account, bill, investment, or expense, you’ll need one. What is a Chart of Accounts? How to Organize a Nonprofit Chart of Accounts .

Insurance 98

Insurance Nonprofit Accountability Non-Profits Nonprofits 98

The Charity CFO

FEBRUARY 9, 2022

And you’re certainly not sure why your nonprofit should care about it. And crypto donations to nonprofits grew over 2200% to $300 million over the past 2 years. Cryptocurrency becomes a bigger force for good in the nonprofit sector year after year. The 6 Things You Need to Know About Cryptocurrency for Nonprofits.

Nonprofit Accountability 98

Nonprofit Accountability Nonprofits Values Technology 98

The Charity CFO

JANUARY 21, 2022

Nonprofits often receive donations or grants designated for a specific purpose–like a donation to a specific program or grant you have to spend within a calendar year. And the issue of restricted funds presents unique bookkeeping and accounting challenges for a nonprofit that a for-profit company doesn’t face.

Nonprofit governance and management 98

Nonprofit governance and management Public and Nonprofit Management Nonprofits Finance 98

Bloomerang

FEBRUARY 16, 2024

By learning about and prioritizing nonprofit financial management. The importance of financial management for nonprofits Unlike many for-profit businesses, nonprofits don’t answer to shareholders who are focused solely on increasing revenue. That doesn’t mean having stable financials isn’t crucial for nonprofits too, though.

Management 103

Management Finance Nonprofits Health 103

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!

Nonprofit Accountability 75

Nonprofit Accountability Nonprofits Finance Governance 75

The Charity CFO

JANUARY 25, 2022

The Statement of Financial Position is the Balance Sheet of a nonprofit organization. It gives you a snapshot of a nonprofit’s financial health at a point in time by displaying what the organization owns (assets), what it owes to others (liabilities), and its value (net assets). And it’s a requirement for a nonprofit audit.

Non-Profits 98

Non-Profits Nonprofits Values Nonprofit Accountability 98

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 ?

Public and Nonprofit Management 131

Public and Nonprofit Management Nonprofit governance and management Advertising Nonprofits 131

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

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. Seriously, about half of all new nonprofits don’t make it through the first year or so. Everyone starts a nonprofit to make a difference.

Nonprofit governance and management 112

Nonprofit governance and management Foundations Nonprofits Activism 112

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. For-profit businesses also call the statement of financial position a balance sheet, and many nonprofits do the same.

Public and Nonprofit Management 52

Public and Nonprofit Management Finance Nonprofit Accountability Health 52

Get Fully Funded

FEBRUARY 23, 2021

Building an organization from the ground up is a challenge, but with the right nonprofit tools, the heavy lifting gets easier. There are SO MANY nonprofit tools out there, all promising to make your work easier as you grow your new nonprofit. Joining TechSoup should be the first technology task for your new nonprofit.

Nonprofits 106

Nonprofits Management Nonprofit Administration and Development Production 106

The Charity CFO

AUGUST 30, 2022

ASC 606 Revenue Recognition for Nonprofit Organizations. 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.

Non-Profits 98

Non-Profits Nonprofits Associations Nonprofit Accountability 98

Stanford Social Innovation Review

FEBRUARY 8, 2023

Interest in early-stage nonprofits within Korea’s social impact ecosystem has increased in recent years, and more and more are garnering financial and organizational support. million) to 15 nonprofits through its Impact Ground Project. million) to 15 nonprofits through its Impact Ground Project. billion won (about $9.7

Governance 109

Governance Nonprofit governance Nonprofit governance and management Universities 109

Nonprofit Tech for Good

MAY 18, 2020

By Grant Hensel , CEO of Nonprofit Megaphone – an agency that specializes in Google Grant management for nonprofits. Nonprofit Megaphone is Google Certified and supports over 300 nonprofit clients. The Google Ad Grant is one of the most powerful, yet under-appreciated tools in nearly every nonprofit’s marketing toolbox.

Nonprofit governance and management 131

Nonprofit governance and management Public and Nonprofit Management Advertising Activism 131

The Charity CFO

APRIL 5, 2022

If you’re like many people, you probably think that there is a single set of accounting rules that every company must follow. . 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.

Construction 98

Construction Nonprofit governance and management Nonprofits Finance 98

EveryAction

JANUARY 25, 2023

Whether you’re a large nonprofit looking for different ways to amplify your mission or a small team trying to stretch your marketing dollars, it makes sense to first seek out free advertising for nonprofit organizations. Advertise your nonprofit on social media Brand recognition is super important for nonprofits!

Advertising 83

Advertising Recruitment Nonprofits Healthcare 83

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 Nonprofits Retention 52

The Charity CFO

DECEMBER 27, 2023

Does your nonprofit have ownership of a for-profit entity? Whether your organization owns a for-profit company outright or has limited ownership, a for-profit subsidiary can have serious tax implications for your nonprofit. The IRS can potentially charge your organization federal income taxes on your unrelated earnings.

Charitable Contribution 52

Charitable Contribution Activism Nonprofits Nonprofit Accountability 52

Get Fully Funded

AUGUST 16, 2024

As a nonprofit leader, you’re no stranger to having to make the most of your limited resources. A chart of accounts (COA) is the foundation for all financial reporting. In this guide, we’ll explore the basics of creating and managing a nonprofit COA, starting with three simple steps you can take to develop this document.

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Construction 52

The Charity CFO

JULY 12, 2024

The type of accounting your organization uses could be holding you back from getting the most out of your accounting system. While many nonprofits start with cash-basis accounting due to its simplicity, this method often falls short of providing a comprehensive view of a nonprofit’s financial health.

Health 52

Health Nonprofit Accountability Finance Nonprofits 52

Non Profit Accounting Academy

JANUARY 9, 2025

For any organization to achieve such financial goals, it takes someone with nonprofit financial management knowledge and the willingness to lead. Nonprofit Budgeting Workshop Series Thanks to everyone who responded to our workshop survey last fall. What an amazing vision. And what an amazing organization if all these things came to be.

Nonprofit Accountability 52

Nonprofit Accountability Culture Management Finance 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

FEBRUARY 27, 2024

Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. Tracking your budget helps with overall budget management, which contributes to your financial stability and the success of your nonprofit mission. This will look different for every organization.

Finance 52

Finance Nonprofit governance and management Public and Nonprofit Management Nonprofits 52

The Charity CFO

MAY 22, 2024

Key Performance Indicators, or KPIs, are an essential part of any successful nonprofit. Choosing KPIs for your nonprofit doesn’t have to be complicated. Keep reading to learn more about some of the most common KPIs for nonprofit organizations and why you might want to use them.

Nonprofit Organizations 52

Nonprofit Organizations Nonprofit Organizations Nonprofit Administration and Development Retention 52

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. Internal controls are policies and decisions made to prevent the misappropriation of nonprofit funds.

Finance 52

Finance Nonprofit Finance Nonprofits Nonprofit Accountability 52

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!

Management 52

Management Finance Nonprofit Finance Insurance 52

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.

Finance 52

Finance Management Public and Nonprofit Management Nonprofit Accountability 52

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. However, that’s not the case with an organization’s accounting systems. Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road.

Nonprofit Accountability 59

Nonprofit Accountability Finance Activism Management 59

The Charity CFO

APRIL 5, 2023

In order to confidently run your organization, it’s important to have a strong understanding of nonprofit compliance requirements. Running a nonprofit is no small feat. What Does Nonprofit Compliance Mean? However, compliance is not always very straightforward and it can be a huge task to undertake on your own.

Law 52

Law Nonprofits Nonprofit Accountability Finance 52