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 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? Equity is referred to as Net Assets in the nonprofit world.

Insurance 98

Insurance Nonprofit Accountability Non-Profits Nonprofits 98

The Charity CFO

FEBRUARY 2, 2022

That’s right, your nonprofit needs to file an IRS return. 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.

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. But accounting for in-kind donations presents its own unique challenges. In this article, we’ll dig into how to account for in-kind donations on your nonprofit’s books.

Values 98

Values Nonprofits Non-Profits Nonprofit Accountability 98

The Charity CFO

OCTOBER 12, 2022

Since nonprofit organizations don’t profit from the money they make , the accounting processes for nonprofits look somewhat different than for-profit companies. And one of the key differences is that nonprofits talk about net assets rather than net income or equity. How to Calculate Net Assets.

Non-Profits 52

Non-Profits Finance Food Nonprofit Accountability 52

The Charity CFO

APRIL 18, 2024

Having a dedicated team working on regulatory issues reduces the chances of you missing something as you focus on other parts of your organization. You may also want to reach out to professionals who can help guide your organization. However, nonprofit employee recruitment can be an ongoing challenge. Get the free guide!

Non-Profits 52

Non-Profits Nonprofit Accountability Nonprofits Retention 52

The Charity CFO

SEPTEMBER 23, 2024

Your nonprofit organization relies on the knowledge and guidance of its leadership team to advance its mission. A strong leadership team makes it easy for your organization to reach its goals by effectively using resources and managing strategy. Create cross-departmental projects that encourage collaboration to break down silos.

Nonprofit Leadership 52

Nonprofit Leadership Leadership Non-Profits Recruitment 52

The Charity CFO

APRIL 27, 2022

For more nonprofit accounting resources check out www.thecharitycfo.com. You’re not just a consultant that happens to work with a nonprofit organizations with a nonprofit industry. You also spend quite a bit of time working with nonprofits, not just as clients, but you are also, um, a board.

Fundraising 98

Fundraising Fundraising Non-Profits Nonprofit Administration and Development 98

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

The Charity CFO

MARCH 2, 2022

For more nonprofit accounting resources check out www.thecharitycfo.com. ?? You used to audit nonprofit organizations back in the day, similar to me, but while I was the CFO of a nonprofit, you were my auditor. And when I left that organization, you actually took my spot. So really interesting stories.

Finance 98

Finance Non-Profits Public and Nonprofit Management Nonprofit Administration and Development 98

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

That’s the solution that Mitch Stein set out to solve as a co-Founder of Pond, a website that helps connect nonprofits to solutions and providers in a trusting environment. So how did a former VP at Goldman Sachs end up serving nonprofits? And what can the for-profit world learn from the nonprofit world?

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. ?? Pretty much the, the big difference though, is if you have a, for profit, you are, there are some ownership, there is ownership of it. A not profit. And some profit.

Nonprofits 52

Nonprofits Non-Profits Nonprofit Administration and Development Leadership 52