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.

Nonprofit Accountability 52

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

Get Fully Funded

JANUARY 16, 2024

Now that your new nonprofit is up and running, developing a solid foundation for financial management should be a top priority. The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission.

Nonprofit Accountability 52

Nonprofit Accountability Nonprofit governance and management Nonprofit Administration and Development Finance 52

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. However, most of it is actually the same.

Nonprofit Accountability 52

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

The Charity CFO

NOVEMBER 10, 2022

What should you look for when evaluating nonprofit accounting services? Nonprofit organizations exist to further a mission or goal. The truth is, many nonprofits tend to fumble when it comes to their books. . Benefits of Nonprofit Accounting Services. Saves time and money. Boosts donor confidence.

Nonprofit Accountability 52

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

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 92

Nonprofit Accountability Nonprofits Finance Governance 92

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

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

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

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. Don't hire the wrong accountant for your nonprofit! We couldn’t be happier to welcome Theresa to our team!

Management 98

Management Nonprofit Administration and Development Nonprofit governance and management Healthcare 98

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

APRIL 19, 2022

As a CPA working exclusively with nonprofits and a former nonprofit auditor, I’ve looked at thousands of nonprofit financial statements over the past 10 years. Over the years, I’ve identified a set of 5 nonprofit financial red flags that are fairly common and almost always lead to trouble sooner or later.

Nonprofit governance and management 98

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

Nonprofit Marketing Insights by GlobalOwls

JUNE 10, 2024

How to Create a High-Performing Non-Profit Team Successful nonprofits, NGOs and Social Enterprises have high performing teams. Enhancing Your Nonprofit Team with Diverse Skills In creating a high-performing nonprofit team, it’s crucial to consider diversity and inclusivity. FAQ What Is a Nonprofit Team?

Non-Profits 122

Non-Profits Social Enterprise Social Enterprise Nonprofit governance and management 122

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). Tacoma, WA).

Communication 65

Communication Public and Nonprofit Management Nonprofit governance and management Associations 65

NonProfit Hub

MAY 4, 2021

Nonprofit work may be the one arena where you’re expected to inspire your bosses as well as provide them with ways to serve and hold them accountable. If your board is operating on autopilot or hardly operating at all, try these methods for building meaningful nonprofit board engagement. It’s a tricky business.

Governance 79

Governance Energy Education Education 79

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. Accounts payable.

Construction 98

Construction Nonprofit governance and management Nonprofits Finance 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 ? Absolutely.

Public and Nonprofit Management 138

Public and Nonprofit Management Nonprofit governance and management Advertising Nonprofits 138

Top Nonprofits

FEBRUARY 13, 2024

Nonprofits are typically composed of hardworking professionals who wear many hats. However, some areas of nonprofit work require more specialization. There are three ways for your nonprofit to access accounting services, each of which comes with its own pros and cons: Hiring an accountant in-house.

Nonprofit governance and management 59

Nonprofit governance and management Finance Nonprofit Accountability Nonprofits 59

Get Fully Funded

APRIL 15, 2021

Chances are, you’re not starting work with a nonprofit with that level of naivete, but you do want to make a meaningful difference for a cause you care about. Nonprofits are all small and inefficient. Nonprofits are all small and inefficient. The fact is that nonprofits are the biggest employers in a lot of major cities.

Non-Profits 90

Non-Profits Nonprofit governance and management Universities Nonprofits 90

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.

Finance 52

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

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 111

Nonprofit governance and management Foundations Nonprofits Activism 111

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 134

Nonprofit governance and management Public and Nonprofit Management Advertising Activism 134

Non Profit Accounting Academy

AUGUST 3, 2020

One standard applies only to nonprofits and covers contributions. The other standard applies to all entities, for-profit and nonprofit, and covers exchange transactions. Nonprofit organizations typically follow two patterns for entering income: All income is recorded as cash is received, or. How It’s Done Now. Contributions.

Nonprofit governance and management 52

Nonprofit governance and management Governance Public and Nonprofit Management Nonprofits 52

Top Nonprofits

JUNE 29, 2023

One of the main benefits of registering as a 501(c)(3) nonprofit is that your organization is exempt from paying most taxes. However, it might lead you to wonder whether your nonprofit is also exempt from audits. Do all nonprofits conduct audits? Do all nonprofits conduct audits? What are the benefits of auditing?

Nonprofit governance and management 52

Nonprofit governance and management Finance Nonprofits Nonprofit Accountability 52

Top Nonprofits

JULY 2, 2024

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. We’ve compiled this list of up-to-date nonprofit cash management statistics and trends to help you get started.

Management 52

Management Nonprofit governance and management Non-Profits 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

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. Nonprofits with excess holdings may face an excise tax on the value of shares over the limit.

Charitable Contribution 52

Charitable Contribution Activism Nonprofits Nonprofit Accountability 52

Top Nonprofits

FEBRUARY 24, 2023

If you’re looking into starting a nonprofit, you’re likely passionate about a particular cause. You know that your first step is creating a nonprofit and you start by establishing a brand, building a website, and getting the word out. Draft bylaws that comply with state and federal requirements.

Finance 52

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

The Charity CFO

APRIL 8, 2022

Starting a nonprofit organization can be confusing and tricky, especially if it’s your first time and you don’t have any experience filling out a 501c(3) application. However, filling out the application is an essential step in setting up a nonprofit charity with the full benefits of tax-exempt status.

Nonprofit governance and management 52

Nonprofit governance and management Nonprofit Accountability Nonprofits Activism 52

The Charity CFO

DECEMBER 22, 2021

Ever wondered why so many nonprofits are stuck in their financial struggles that they end up failing their communities? Want to make sure your nonprofit doesn’t suffer the same fate? Chyla is the Founder and CEO of CNRG Accounting Advisory. She helps nonprofits get financially established so they can achieve their goals.

Non-Profits 90

Non-Profits Nonprofits Finance Nonprofit governance and management 90

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. Budget these first.

Finance 52

Finance Nonprofit governance and management Public and Nonprofit Management Nonprofits 52

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. To maintain your 501(c)(3) status, your nonprofit must file Form 990 or one of its variants each year.

Nonprofit governance and management 52

Nonprofit governance and management Nonprofits Technology Values 52

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.

Non-Profits 52

Non-Profits Nonprofits Food Finance 52

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. Nonprofits also need to record expense receipts.

Public and Nonprofit Management 40

Public and Nonprofit Management Nonprofit governance and management Nonprofit Accountability Nonprofits 40

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. This nonprofit suddenly lost its main source of revenue!

Nonprofit Finance 52

Nonprofit Finance Finance Nonprofit governance and management Nonprofits 52

Get Fully Funded

JULY 9, 2021

If you’re just getting started in the nonprofit world, you likely have a ton of questions surrounding effective practices and keeping your organization above board. Unfortunately, there are a ton of myths out there surrounding nonprofit taxes, too—which can make the whole process even more convoluted. Annual filing requirements.

Finance 59

Finance Nonprofits Nonprofit Finance Governance 59

MNA Association

APRIL 6, 2023

When you started your 501(c)(3) nonprofit , one of the main benefits your organization received was an exemption from paying federal taxes. While your nonprofit likely doesn’t have the same sense of dread come tax season that for-profit organizations or individuals do, this doesn’t mean you can sit back and relax, either.

Nonprofit governance and management 52

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

The Charity CFO

DECEMBER 8, 2022

Grants are the lifeblood of nonprofits, giving them the much-needed cash injection to market the organization, fund a project, or get an initiative off the ground. Having a full grant pipeline increases your nonprofit’s chances of success and improves your visibility and credibility. 8 Best Practices When Accounting For Grants.

Nonprofit governance and management 52

Nonprofit governance and management Law Charitable Contribution Nonprofit Accountability 52