Nonprofit Fixer

NOVEMBER 20, 2024

When you’re busy leading a nonprofit—developing program strategies, cultivating donors, supporting staff—thinking about accounting and finance can feel like an afterthought. But to be successful, nonprofit leaders need a functional grasp of the basics of nonprofit accounting and financial management.

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The Charity CFO

MARCH 13, 2025

Is Your Nonprofit Ready for Increased Funding Scrutiny? Heres How to Prepare The financial landscape for nonprofits is shifting, and the pressure is mounting. With government funding and donor contributions facing heightened scrutiny, nonprofit leaders must ensure their financial systems are rock solid.

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The Charity CFO

MARCH 28, 2024

Your nonprofit accounting system might not be the most exciting part of your organization, but it’s one of the most important aspects. An effective accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. However, effective accounting isn’t just about following rules.

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The Charity CFO

MARCH 16, 2022

Today we’re proud to announce another amazing addition to the industry’s best nonprofit accounting team! Theresa Guest is joining The Charity CFO team in the role of Accounting Manager. She lives in Shiloh, Illinois with her husband, Daniel, and sons, Byron and Brian.

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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 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?

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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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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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The Charity CFO

JANUARY 21, 2022

Most not-for-profit organizations and entities–like 501(c)(3) charities, churches, religious institutions, government agencies, nonprofit nursing homes and hospitals, and educational institutions– are required to use fund accounting. If you’re looking for info on fund accounting in government here is a great resource for you.

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NonProfit Quarterly

FEBRUARY 27, 2024

Nonprofits differ from for-profit businesses or governments; they have different purposes, different revenue sources, and embody different cultural values. Yet nonprofits differ from for-profit businesses or governments; they have different purposes, different revenue sources, and embody different cultural values.

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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). Business Development Manager Nonprofit Finance Fund (New York, NY).

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Top Nonprofits

FEBRUARY 13, 2024

Nonprofit Accountant According to Jitasa , a nonprofit accountant is a professional who helps your organization “ensure financial health and stability, analyze financial data, and make decisions based on the nonprofit’s unique financial position.” Let’s get started!

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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.

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Top Nonprofits

JUNE 29, 2023

However, it might lead you to wonder whether your nonprofit is also exempt from audits. Although the answer to that question is no , nonprofit audits tend to work differently from audits of businesses’ or individuals’ finances, which are usually conducted by the IRS. What are the benefits of auditing?

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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. Sure, your mission should be a priority, but managing finances can’t be neglected either. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud.

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Top Nonprofits

JULY 2, 2024

Managing your nonprofit’s finances is about more than just raising money and recording what you earn and spend. This means it’s crucial not only to manage your organization’s reserve funds well but also to stay aware of the current financial best practices and trends in the nonprofit sector. Share This Post!

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The Charity CFO

FEBRUARY 27, 2024

Budgets are Essential for Nonprofit Organizations While they can be overwhelming to create, having a budget is a necessity for any organization. Think of your nonprofit budget as the financial roadmap for your organization. For example, if you receive an annual grant from the government, that’s a fairly “certain” revenue.

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Top Nonprofits

FEBRUARY 24, 2023

Federal Employer ID Number (FEIN) : This is a numeric identifier for your nonprofit, which the IRS will assign to you. Bylaws : You’ll need to establish some rules for how your board of directors will govern the nonprofit. Have a detailed financial plan and accounting system in place.

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Non Profit Accounting Academy

JANUARY 27, 2022

Her focus is on sharing with nonprofit finance directors her lessons learned from 25 years of on-the-job training. About ten years into my fifteen-year term at a Catholic Charities agency in upstate New York a relatively new finance committee member, Mr. Shea we’ll call him, disappeared. Even Mr. Green appeared satisfied.

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The Charity CFO

DECEMBER 27, 2023

Tax Implications of Nonprofits Owning For-Profit Businesses Unrelated Business Income Tax (UBIT) Recognized nonprofits generally receive tax-exempt status from the federal government. Tax-exempt status makes it easier for your organization to retain nonprofit revenue and meet the goals of your mission. Get the free guide!

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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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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.

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The Charity CFO

JUNE 7, 2023

It provides insights into cash generated from operating activities, investing activities, and financing activities. Nonprofit financial statements fuel your mission Financial statements play a crucial role in the financial management and governance of nonprofit organizations. Get the free guide!

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The Charity CFO

DECEMBER 15, 2023

This can lead to unique accounting and recordkeeping challenges that for-profit businesses don’t have to face—especially related to revenue classification. Accurate revenue recognition, classification, and records are some of the most important aspects of nonprofit accounting. Get the free guide!

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The Charity CFO

MARCH 27, 2024

QuickBooks is a popular accounting software used by businesses and individuals nationwide. As a nonprofit leader, you’ve probably heard of QuickBooks or may have even used it before. And you might be wondering if you can use QuickBooks for your nonprofit accounting. Searching for a Nonprofit Accounting System?

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MNA Association

APRIL 6, 2023

If you’re unsure which form is best for your organization, consider asking an accountant who has experience with nonprofit tax filing. Additionally, while it’s possible to complete your Form 990 internally, working with a nonprofit accountant helps ensure all documentation and information is recorded properly.

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Top Nonprofits

AUGUST 7, 2023

As a nonprofit professional, you know that every dollar counts when it comes to pursuing your mission. Fortunately, the government empowers nonprofits to achieve their goals by exempting them from paying taxes. What is e-filing software and why should nonprofits leverage it?

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The Charity CFO

MARCH 30, 2022

For more nonprofit accounting resources check out [link]. For more nonprofit accounting resources check out www.thecharitycfo.com. ?? It’s governed by a board of director and you, you run it. Thanks for listening and be sure to subscribe for new episodes every week! Tosha Anderson: Yeah.

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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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NonProfit Leadership Alliance

FEBRUARY 18, 2025

Its no secret that effective financial management is critical for nonprofits to thrive. However, many aspects of nonprofit finance can be confusing or difficult to navigate, from deciding how much of your budget to spend on overhead to choosing an accounting platform to organize your records. Did you enjoy this story?

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