The Charity CFO

MARCH 13, 2025

Maintain Detailed Financial Reporting Your nonprofits accounting system should allow you to generate detailed reports on every dollar spent. With 85% of our clients undergoing audits, we know how critical it is to have a robust accounting foundation in place. Do You Struggle to Make Sense of Your Financial Statements?

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Nonprofit governance and management Ethics Governance Leadership 52

Nonprofit Megaphone

JUNE 23, 2022

Your nonprofit does what you need to do to keep the core of your finances compliant. But this is often not enough for nonprofit organizations to get the most from their finances. In this guide, we’ll cover the core elements of healthy nonprofit financial management. Are you even sure your Form 990 is correct?

Nonprofit Finance 52

Nonprofit Finance Finance Nonprofit governance and management Nonprofits 52

Candid

JULY 26, 2022

The overhead myth is a pervasive challenge for nonprofits, often leading to organizations that are under-funded, unable to make an impact that aligns with their potential, and rapidly losing high-performing employees. Work with a nonprofit accountant to create an ironclad budget and stick to it.

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The Charity CFO

APRIL 19, 2022

And charity watchdogs like the Better Business Bureau and Charity Navigator use operating reserves as part of their calculations for what they consider a “Quality Nonprofit.” . So if you’re looking to build trust with government grant makers, foundations, or the general public, you’d better have some cash set aside for a rainy day.

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Nonprofit governance and management Public and Nonprofit Management Finance Nonprofit Accountability 98

Getting Attention

MARCH 9, 2015

Please post YOUR nonprofit marketing job here: Featuring jobs with nonprofit organizations, grantmakers, B Corps, and agencies and other vendors serving nonprofits. Account Coordinator, Digital Fenton Communications (Washington, DC). Associate Product Manager Wikimedia Foundation (San Francisco, CA). Tacoma, WA).

Communication 65

Communication Public and Nonprofit Management Nonprofit governance and management Associations 65

The Charity CFO

FEBRUARY 2, 2022

The 990-EZ may be simpler than the full form, but it’s still a complex declaration of your organization’s finances. Small to mid-sized nonprofits with annual revenue receipts between $50,000 and $200,000 or total assets valued at less than $500,000 can use this form. Form 990-PF : for private foundations . Every single day.

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The Charity CFO

JULY 19, 2024

Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. A bookkeeper is a financial professional responsible for recording and managing a nonprofit’s daily financial transitions. An accountant takes on a higher level of responsibility than a bookkeeper.

Public and Nonprofit Management 52

Public and Nonprofit Management Finance Nonprofit Accountability Education 52

The Charity CFO

MAY 31, 2024

Efficient bookkeeping isn’t just about keeping records–it’s about building a solid foundation for your organization’s financial integrity and operational success. Common Nonprofit Bookkeeping Challenges Nonprofits face unique challenges to keep their organizations running, including nonprofit accounting challenges.

Technology 52

Technology Nonprofit Accountability Finance Nonprofits 52

Get Fully Funded

AUGUST 16, 2024

A chart of accounts (COA) is the foundation for all financial reporting. It is a list that details your nonprofit’s financial accounts to organize your most essential financial data. Work With a Nonprofit Accountant. Use the following tips to maintain your COA. Take an Organized Approach.

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Nonprofit Accountability Finance Nonprofits Construction 52

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. Though both systems use the same numbers, looking at those numbers differently can give you a very different perspective on the state of your finances.

Construction 98

Construction Nonprofit governance and management Nonprofits Finance 98

The Charity CFO

JANUARY 12, 2024

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. What Is a Financial Forecast for Nonprofits? Get the free guide!

Finance 52

Finance Nonprofits Nonprofit Accountability Management 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! Consult a compliance expert.

Management 52

Management Finance Nonprofit Finance Insurance 52

Top Nonprofits

FEBRUARY 24, 2023

Only qualifying entities can apply for 501(c)(3) determination from the IRS and a nonprofit corporation is one of them. Besides gaining 501(c)(3) status, Foundation Group explains that incorporation is also important for your own personal liability. Have a detailed financial plan and accounting system in place.

Finance 52

Finance Nonprofit governance and management Public and Nonprofit Management Non-Profits 52

The Charity CFO

JUNE 27, 2024

Build Strong Leadership Foundations You can’t effectively lead an organization–or a team–if you don’t have clear goals, missions, or plans for it. The first step to becoming a great executive director is to build strong leadership foundations that help define your organization. Get the free guide!

Public and Nonprofit Management 52

Public and Nonprofit Management Leadership Nonprofits Finance 52

Get Fully Funded

JULY 9, 2021

At File 990, we provide a simple online tax-filing process and equip organization leaders with insightful nonprofit tax tips. We understand the importance of strategic nonprofit finances and how your taxes play a crucial role in your accounting strategies so we’ve put together a quick resource to help you learn more.

Finance 59

Finance Nonprofits Nonprofit Finance Governance 59

The Charity CFO

DECEMBER 22, 2021

The ONE thing that all financially sustainable nonprofits have in common (24:36). For more nonprofit accounting resources check out www.thecharitycfo.com. For more information on how to get your nonprofit financially established so that you can achieve your goals, visit CNRG Accounting Advisory @ [link].

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The Charity CFO

AUGUST 27, 2024

Diversification of Revenue Formula: Revenue from Each Source / Total Revenue Revenue diversification refers to the variety of income sources that your nonprofit relies on. Tracking your revenue diversification can help you see whether or not your nonprofit is relying too heavily on one revenue stream. Get the free guide!

Health 52

Health Nonprofits Finance Nonprofit Accountability 52

The Charity CFO

DECEMBER 8, 2022

The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes.

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Nonprofit governance and management Law Charitable Contribution Nonprofit Accountability 52

MNA Association

APRIL 6, 2023

Your nonprofit must complete the full version of Form 990—about twelve printed pages—if your annual gross receipts exceed $200,000 or your total assets are at least $500,000. All organizations classified as private foundations are required to file Form 990-PF, regardless of gross receipts or total assets. Form 990-PF.

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Nonprofit governance and management Public and Nonprofit Management Nonprofits Nonprofit Accountability 52

Top Nonprofits

AUGUST 7, 2023

Form 990-PF, which is filed by all foundations regardless of financial status. Some nonprofits who are eligible to file Form 990-EZ or -N choose to file the full form for financial transparency, but it’s up to the nonprofit’s discretion. What is e-filing software and why should nonprofits leverage it?

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The Charity CFO

JANUARY 19, 2022

For more nonprofit accounting resources check out www.thecharitycfo.com. And again, this is the foundation of behavior. How to shift your mindset from founder to collaborative business owner. (17:30). How to feel less alone in your leadership role. (28:09). Thanks for watching. Be sure to subscribe for new episodes every week!

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Nonprofits Nonprofit Administration and Development Energy Collaborations 52