Remove Non-Profits Remove Nonprofit Accountability Remove Nonprofit Finance
article thumbnail

Understanding Functional Expenses for Nonprofits

The Charity CFO

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.

article thumbnail

5 Nonprofit Cash Management Statistics & Trends for 2024

Top Nonprofits

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. However, typical savings accounts have a strict limit on how much FDIC coverage you can receive. Share This Post!

article thumbnail

501(c)(3) Checklist: Preparing for Nonprofit Status

Top Nonprofits

This means that if you host a fundraising event, sell products, or charge registration fees for events to raise money for your organization without registering, you’ll be considered non-compliant. Have a detailed financial plan and accounting system in place.

Finance 52