Get Fully Funded

FEBRUARY 10, 2025

Understanding the fundamentals of accountingkeeping records of revenue generation and expendituresis critical for your nonprofit to launch successful mission-driven programs, plan engaging fundraising campaigns, and even just keep its lights on. However, nonprofit accounting is often more complicated than it sounds.

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Management Nonprofit Administration and Development Nonprofit governance and management Finance 52

The Charity CFO

MARCH 23, 2023

Nonprofit accounting financial statements may seem like a chore. Nonprofits use financial statements to comply with IRS regulations, build trust with donors, and plan for the future. You may think that nonprofit financial statements are the same as those at for-profit companies, but this is not the case.

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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. And having an effective budget is key for your organization’s overall financial health —as long as you’re able to follow it throughout the year. . . Operational budget.

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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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Management Finance Nonprofits Health 114

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. As the organization grows, a switch to commercial accounting software such as QuickBooks® may be the best next step.

Public and Nonprofit Management 82

Public and Nonprofit Management Finance Public and Social Policy Management 82

Nonprofit Marketing Guide

MARCH 9, 2022

Despite all of these perks (and much to my mother’s dismay) in the summer of 2014, I made the jump from this well-resourced corporate marketing gig to working at a small community development nonprofit with an equally small budget. If $54 is still a stretch for your budget, I recommend a free nonprofit account with Canva.

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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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Fundraising Fundraising Non-Profits Nonprofit Administration and Development 98

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 Accountability Nonprofits Finance Governance 78

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

The Charity CFO

MAY 31, 2022

To start grasping a nonprofit’s finances, you should have in-depth conversations with staff to understand the various programs and major fundraising initiatives. . For example, is the organization dependent upon special event fundraising? Or a big once-per-year fundraising event? Money In: Revenue. Money Out: Expenses.

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Nonprofit Finance Finance Nonprofit governance and management Nonprofits 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). Content Specialist Careers in Nonprofits (Chicago, IL). Tacoma, WA).

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Communication Public and Nonprofit Management Nonprofit governance and management Associations 65

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.

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Health Nonprofit Accountability Finance Nonprofits 52

The Charity CFO

DECEMBER 30, 2021

And many federal and state agencies require audits, depending your organization’s fundraising, size, and spending. . For example, 26 states require an audit before a nonprofit can earn charitable registration — necessary for in-state fundraising. It confirms your compliance with federal grant management standards. situation. .

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Nonprofits Health Leadership Management 98

The Charity CFO

JULY 3, 2024

The middle of the year is the perfect time to pause and reflect on your nonprofit organization’s financial health. A midyear financial review helps you identify problems early and align your nonprofit’s financial performance with planned goals. Conducting a review is important, but where do you start?

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Finance Health Nonprofits Nonprofit Accountability 52

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 Fundraising Insurance Management 52

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 Fundraising Insurance Management 52

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. If so, how?

Finance 52

Finance Nonprofit governance and management Public and Nonprofit Management 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. 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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Nonprofit Accountability Finance Nonprofits Construction 52

The Charity CFO

MARCH 29, 2024

Do you know the financial health of your nonprofit organization? Knowing where your finances stand is essential to effective nonprofit management. One of the best ways to get a quick read on your organization’s financial health is to compare your nonprofit budget to actual performance.

Finance 52

Finance Nonprofits Health Nonprofit Accountability 52

Top Nonprofits

FEBRUARY 13, 2024

Nonprofits are typically composed of hardworking professionals who wear many hats. While each staff member may have a specific title like “fundraising director” or “project manager,” they often take on a wider range of responsibilities. No matter which option you choose, make sure your accountant specializes in nonprofit work.

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The Charity CFO

AUGUST 27, 2024

An organization’s Key Performance Indicators (KPIs) provide a clear measure of how well the nonprofit is maintaining financial health while working toward its mission. Many nonprofits must balance their goals with limited resources or strict compliance regulations. Track the Right Nonprofit KPIs for the Best Results!

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Health Nonprofits Finance Nonprofit Accountability 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. Estimate income: Evaluate all potential sources of income, from product fundraising revenue to in-kind donations to membership fees.

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Finance Management Public and Nonprofit Management Nonprofit Accountability 52

The Charity CFO

APRIL 22, 2024

In addition to communication, you can help reduce burnout by prioritizing employee wellness and mental health. Offering wellness programs, family-friendly policies, or other mental health benefits for employees gives them the resources they need to proactively manage stress and stop burnout.

Public and Nonprofit Management 52

Public and Nonprofit Management Nonprofit Administration and Development Public and Social Policy Culture 52

The Charity CFO

MAY 22, 2024

You can use financial KPIs to get a better idea of the overall financial health of your organization. This ratio can help you get a better idea of your organization’s financial health and operational efficiency. You can use this ratio to help evaluate the efficiency and effectiveness of fundraising strategies.

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The Charity CFO

DECEMBER 27, 2023

Common nonprofit income that could be excluded from UBIT includes: Dividends and Other Investment Income Interest Earnings Royalties Certain Rental Income Gains or Losses from the Disposition of Property Additionally, income generated using a majority volunteer labor force may qualify for an exception. Reach out to us today to get started!

Charitable Contribution 52

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The Charity CFO

JANUARY 5, 2023

Your nonprofit budget should include the following parts: Estimated Revenue: Revenue sources include member dues and fees, events, merchandise, donations, grants, sponsorships, corporate giving, crowdfunding, fundraising, program income, loans, and program-related investments. Nonprofit Financial Management Statements and Reports.

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Management Nonprofit governance and management Nonprofit Administration and Development Finance 52

Top Nonprofits

JULY 2, 2024

Managing your nonprofit’s finances is about more than just raising money and recording what you earn and spend. It also involves financial stewardship—the practice of saving, storing, and investing your cash reserves wisely to boost your organization’s long-term financial health. The results overwhelmingly showed that they do.

Management 52

Management Nonprofit governance and management Non-Profits Finance 52

The Charity CFO

JANUARY 12, 2024

Financial forecasts can then be used by nonprofit organizations for: Budgeting Strategic planning Fundraising Grant applications Even cash flow management While not always 100% accurate (especially in the unpredictable realm of nonprofits), a financial forecast can be extremely useful when it comes to informing decision-making and mitigating risks.

Finance 52

Finance Nonprofits Nonprofit Accountability Management 52

The Charity CFO

APRIL 5, 2023

Having a CPA as a resource, whether internally or outsourced will be crucial to understanding the basics of nonprofit accounting. If you are preparing for an external audit, it’s a good idea to properly prepare and gather all of the appropriate documentation. This can be a long and lengthy process.

Law 52

Law Nonprofits Nonprofit Accountability Finance 52

The Charity CFO

JUNE 7, 2023

Evaluating Expenses : Evaluate the expenses incurred by the nonprofit, such as program expenses, administrative costs, fundraising expenses, etc. Strategic Uses Financial Planning : Provides insights into the financial health of the organization. accounts payable, loans).

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Nonprofit Megaphone

JUNE 23, 2022

In this guide, we’ll cover the core elements of healthy nonprofit financial management. To get started managing your finances, your nonprofit will have to: Craft your budget. Calculate your fundraising efficiency. Calculate your fundraising efficiency. Diversify your funding strategy. Contribute to your reserve fund.

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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. Despite their tax-exempt status, nonprofits must still follow certain tax requirements when managing staff payroll, such as filing Form 990.

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The Charity CFO

JANUARY 4, 2024

Imagine this: your nonprofit is busier than ever with fundraising events and field work to help make your community a better place. A good health insurance plan and paid time off are requirements for a lot of great employees. So busy, in fact, it’s time to hire a few new employees.

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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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