The Charity CFO

JANUARY 5, 2022

Functional expense reporting confuses many first-time nonprofit bookkeepers and executives. But, because most for-profit companies don’t track functional expenses, they’re just not familiar with it. But it is need-to-know-information in the nonprofit world. But it’s not because it’s complicated.

Non-Profits 96

Non-Profits Nonprofits Public and Nonprofit Management Finance 96

Get Fully Funded

APRIL 15, 2021

If you are starting a career with a nonprofit , know that it could be one of the toughest assignments of your life. Most nonprofits operate under two or more of these less-than-ideal circumstances. You see, in business accounting, money made beyond the cost to run a business is known as a profit. Who gets the profits?

Non-Profits 90

Non-Profits Nonprofit governance and management Universities Nonprofits 90

The Charity CFO

FEBRUARY 2, 2022

In fact, as a nonprofit organization, the expectations for transparency and accountability are higher than those for for-profit businesses. Why do nonprofits need to file Form 990? Full accounting of income, expenses, and donors. Balance sheet that matches the profit and loss information .

Non-Profits 98

Non-Profits Nonprofits Activism Foundations 98

The Charity CFO

JANUARY 13, 2022

In-kind donations help your nonprofit get the resources you need to carry out your programs without asking for more cash. For this reason, they’re an invaluable tool in your fundraising toolkit. But accounting for in-kind donations presents its own unique challenges. Because nonprofit accounting is all we do. .

Values 98

Values Nonprofits Non-Profits Nonprofit Accountability 98

The Charity CFO

APRIL 18, 2024

Try these strategies to help your organization maintain financial stability in 2024 and beyond: Diversify your revenue streams with new programs, donation initiatives, and fundraising events–so long as you can implement them efficiently. Try fundraising hacks like doubling efforts for successful fundraising initiatives.

Non-Profits 52

Non-Profits Nonprofit Accountability Nonprofits Retention 52

Top Nonprofits

JULY 2, 2024

Accepting stock donations can grow your fundraising contributions by 66%. A Texas Tech University study compared the fundraising revenue growth of more than 200,000 nonprofits to determine whether accepting non-cash donations—particularly gifts of stock—had an impact. The results overwhelmingly showed that they do.

Management 52

Management Nonprofit governance and management Non-Profits Finance 52

The Charity CFO

DECEMBER 22, 2021

How you should think about money as a nonprofit leader (11:13). The #1 behavior you should adopt from for-profit entrepreneurs you need to learn from for-profit entrepreneurs (17:06). The ONE thing that all financially sustainable nonprofits have in common (24:36). I love that non-negotiable and wish list.

Non-Profits 90

Non-Profits Nonprofits Finance Nonprofit governance and management 90

The Charity CFO

DECEMBER 15, 2023

While the nature of a nonprofit means you’re focusing more on your mission than making money, bringing in revenue is still essential. This can lead to unique accounting and recordkeeping challenges that for-profit businesses don’t have to face—especially related to revenue classification. Need Help Recording Revenue?

Non-Profits 52

Non-Profits Nonprofits Food Finance 52

Top Nonprofits

FEBRUARY 24, 2023

The fundraising strategy you intend to follow and any services you’ll offer need to serve your charitable purpose. Register for charitable solicitations Before you can start fundraising , you’ll most likely need to register with your state to ask for donations. Have a detailed financial plan and accounting system in place.

Finance 52

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

iMarketSmart

MAY 22, 2023

5] To play the game yourself, go to [link] Lead with a gift: Back to relationships So, how does game theory apply to real-world fundraising? Lead with a gift: A simple fundraising example Games and theory are fine. What actually works in fundraising? It had only one or two frontline fundraisers. Bring a gift.

Altruism and Helping 52

Altruism and Helping Non-Profits Universities Participation and motivation 52

The Charity CFO

JANUARY 12, 2022

In this episode, you’ll find out: Ways for-profit companies can set up a nonprofit operation or foundation to advance their cause of choice. (4:19). The role every nonprofit founder has to own in order to grow their mission, and why that can be hard for many nonprofit leaders. (18:52). Thanks for watching.

Non-Profits 52

Non-Profits Public and Nonprofit Management Values Foundations 52

The Charity CFO

APRIL 6, 2022

Why is it so hard for nonprofits to find the help they need? From choosing a fundraising software to getting financial advice to finding a grant writer, nonprofits struggle to find good help. So how did a former VP at Goldman Sachs end up serving nonprofits? Find out in this week’s episode of A Modern Nonprofit Podcast.

Non-Profits 52

Non-Profits Nonprofits Public and Nonprofit Management Philanthropy 52

The Charity CFO

MARCH 30, 2022

For more nonprofit accounting resources check out [link]. For more nonprofit accounting resources check out www.thecharitycfo.com. ?? And I see this happen, especially with nonprofits, fundraising, significant fundraising are connected with that individual or programs or community relationships.

Nonprofits 52

Nonprofits Non-Profits Nonprofit Administration and Development Leadership 52

The Charity CFO

MARCH 9, 2022

Do you want your next fundraiser to be accessible for anyone who wants to attend, but don’t know where to start? This week on A Modern Nonprofit, Dr. Daniela Ferdico joins us to talk about sensory disabilities and how to make your special events accessible for everyone. So we have fundraisers all the time in the nonprofit world.

Non-Profits 52

Non-Profits Children Education Education 52