Bloomerang

FEBRUARY 16, 2024

Financial management is possibly the most important aspect of your nonprofit’s operation. The services and programs your organization delivers are vital, but improper or ineffective fund management is a disservice to your donors and the people and cause you serve.

Management 97

Management Finance Nonprofits Health 97

The Charity CFO

JANUARY 17, 2022

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? That’s really all that accounting is, so don’t let the terminology intimidate you. .

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Top Nonprofits

MAY 24, 2024

Effective financial management is essential for any organization. No matter your purpose, well-managed finances yield data-driven insights that allow those in financial positions to plan and achieve the organization’s goals. Your advocacy group’s leadership can also help ensure each policy aligns with compliance standards.

Finance 52

Finance Management Public and Nonprofit Management Nonprofit Accountability 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. 38% of nonprofits report managing investments.

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Management Nonprofit governance and management Non-Profits 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 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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Finance Nonprofit governance and management Public and Nonprofit Management Nonprofit Accountability 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. Sure, your mission should be a priority, but managing finances can’t be neglected either. Policies for Good Financial Management. Accountability for everyone involved.

Management 52

Management Nonprofit governance and management Nonprofit Administration and Development Finance 52

Top Nonprofits

FEBRUARY 23, 2024

In this guide, we’ll explore how to manage payroll for your staff. The first step to effectively manage staff payroll is to gain a holistic understanding of your employees’ efforts and compensation. This data is crucial to effective financial management and nonprofit compliance, especially for annual filings such as Form 990.

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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

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NonProfit Leadership Alliance

AUGUST 20, 2024

Overhead expenses can cover the following categories: Management and general expenses Fundraising expenses Membership development expenses Your nonprofit includes these costs as supporting activity expenses in the financial statements you compile, such as the Statement of Activities and Statement of Functional Expenses.

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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.

Health 52

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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. Ensure restricted and unrestricted funds are being managed properly.

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Finance Health Nonprofits Nonprofit Accountability 52

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. What is a Bookkeeper?

Public and Nonprofit Management 52

Public and Nonprofit Management Finance Nonprofit Accountability Education 52

Get Fully Funded

AUGUST 16, 2024

In this guide, we’ll explore the basics of creating and managing a nonprofit COA, starting with three simple steps you can take to develop this document. Work With a Nonprofit Accountant. When handling your nonprofit’s finances in any capacity, a professional’s expertise is always your best bet for getting it right.

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Nonprofit Accountability Finance Nonprofits Construction 52

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. Unsure of which KPIs you should be tracking for your nonprofit?

Health 52

Health Nonprofits Finance 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

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

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

Blue Avocado

OCTOBER 22, 2024

After all, every nonprofit needs to have someone counting the cash, writing checks, safeguarding financial integrity, and managing funds soundly! A Succinct Guide for Nonprofit Treasurers More than half of the nonprofits in the United States are estimated to be all-volunteer organizations (AVOs).

Public and Nonprofit Management 82

Public and Nonprofit Management Finance Public and Social Policy Management 82

The Charity CFO

DECEMBER 8, 2022

But in order to get the most out of these grants, you need to understand how to properly manage and account for them. 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. Conduct regular audits.

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Nonprofit governance and management Law Charitable Contribution Nonprofit Accountability 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. Volunteer Engagement Good volunteer management is essential to successful nonprofit activities.

Nonprofit Organizations 52

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The Charity CFO

JANUARY 12, 2024

By projecting revenues and expenses, nonprofits can develop realistic budgets that align more closely with their goals and priorities. Strategic Planning Nonprofits can also use financial forecasts to gain insights into the future financial health and sustainability of the organization. Get in touch with our team today.

Finance 52

Finance Nonprofits Nonprofit Accountability Management 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. It enables financial analysis to identify cost-saving opportunities, manage expenses, and ensure efficient resource allocation. accounts payable, loans). accounts payable, loans).

Nonprofit governance and management 52

Nonprofit governance and management Finance Activism Nonprofits 52

The Charity CFO

MAY 31, 2022

Yet all nonprofit leaders, including board members, directors, and finance committee members, should have at least a basic understanding of nonprofit finances. But if you bring zero experience in accounting or financial management to your organization, that’s okay. Step #2: What do they own ? And what do they owe ?

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Nonprofit Finance Finance Nonprofit governance and management Nonprofits 98

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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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

DECEMBER 30, 2021

It confirms your compliance with federal grant management standards. For example, 26 states require an audit before a nonprofit can earn charitable registration — necessary for in-state fundraising. And, the Office of Management and Budget requires an audit when a nonprofit spends more than $500,000 in federal funds in a year.).

Nonprofits 98

Nonprofits Health Leadership Management 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).

Communication 65

Communication Public and Nonprofit Management Nonprofit governance and management Associations 65

The Charity CFO

APRIL 24, 2024

Some of the most common KPI categories for nonprofits include financial, program-related, and operational metrics. Financial KPIs Financial KPIs are often some of the most important indicators of the health of an organization. These KPIs are especially good tools for tracking employee and volunteer satisfaction.

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The Charity CFO

JANUARY 4, 2024

A good health insurance plan and paid time off are requirements for a lot of great employees. While you can’t make money appear out of nowhere, your nonprofit accountant can likely help you determine how to make compensation more competitive. Maybe a volunteer or intern came to work for you full-time and now works as a manager.

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Nonprofit Megaphone

JUNE 23, 2022

Whether you need to take some simple steps to solidify your financial management approach or completely overhaul it, your organization will be able to accomplish more for your mission when you’ve fine-tuned your strategy. In this guide, we’ll cover the core elements of healthy nonprofit financial management.

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Fundraising Coach

APRIL 28, 2021

Effective organizational management is imperative for nonprofits to be successful in achieving their missions. 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. Ready to dive deeper into profitable fundraising?

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Fundraising Fundraising Insurance Management 52

Fundraising Coach

APRIL 28, 2021

Effective organizational management is imperative for nonprofits to be successful in achieving their missions. 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. Ready to dive deeper into profitable fundraising?

Fundraising 52

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Non Profit Accounting Academy

JANUARY 27, 2022

He was semi-retired, coming from an executive position in a regional health care facility. The post Reports Board Members Want: A CFO’s Perspective appeared first on Nonprofit Accounting Academy. I learned he had resigned but I didn’t know why. Even Mr. Green appeared satisfied.

Finance 52

Finance Nonprofit Finance Governance Nonprofit Accountability 52

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].

Non-Profits 90

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The Charity CFO

APRIL 27, 2022

Why do people give to nonprofits?”. And while he’s found that the answers vary wildly, he’s managed to identify some core principles that can predictably boost giving to your nonprofit. For more nonprofit accounting resources check out www.thecharitycfo.com. Why you need to “humanize” your communication.

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The Charity CFO

MARCH 2, 2022

This week on A Modern Nonprofit Podcast we discuss common red flags you can check today to verify your organization’s financial health. In this episode, Isabel Sippo joins me to talk about the most common reasons why your nonprofit’s finances might be a mess, and ways to clean them up. We only work with nonprofit.

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