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. Don't hire the wrong accountant for your nonprofit!

Non-Profits 96

Non-Profits Nonprofits Public and Nonprofit Management Finance 96

The Charity CFO

APRIL 15, 2022

During the “Great Recession,” nonprofits have lost their accountants and financial directors at record rates. At the same time, hundreds of nonprofits are waking up to realize that the financial structure they’ve always relied on doesn’t work as well any more. So why do accountants leave nonprofit organizations?

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Public and Nonprofit Management 52

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

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

FEBRUARY 2, 2022

Every tax exempt nonprofit must file IRS Form 990 (Return of Organization Exempt from Income Tax) every year. 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.

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

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

APRIL 18, 2024

It’s no secret that running a nonprofit isn’t always easy, especially if you don’t know what challenges await you in the coming months. Luckily, we’ve put together a list of the five most common challenges for nonprofits in 2024. Let’s look closer at the challenges nonprofits will face in 2024–and how to solve them!

Non-Profits 52

Non-Profits Nonprofit Accountability Nonprofits Retention 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

SEPTEMBER 23, 2024

Your nonprofit organization relies on the knowledge and guidance of its leadership team to advance its mission. However, nonprofit leaders face unique challenges that their for-profit counterparts don’t, such as limited resources or reliance on volunteers.

Nonprofit Leadership 52

Nonprofit Leadership Leadership Non-Profits Recruitment 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

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. Understanding Nonprofit Net Assets.

Non-Profits 52

Non-Profits Finance Food 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 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. The biggest communication problem most nonprofits face (13:25). For more nonprofit accounting resources check out www.thecharitycfo.com.

Fundraising 98

Fundraising Fundraising Non-Profits Nonprofit Administration and Development 98

The Charity CFO

MARCH 2, 2022

“I don’t know if my nonprofit’s accounting systems are bad… and I probably won’t know for sure until something bad happens.”. 99% of nonprofit founders we work with don’t have a background in finance. For more nonprofit accounting resources check out www.thecharitycfo.com. ?? A Modern Nonprofit Podcast.

Finance 98

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

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? 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

When a founder plays a significant role in building and running a nonprofit, it’s easy for people to think that the founder “is” the nonprofit. Now she helps counsel nonprofit leaders on how to make their transition successful. For more nonprofit accounting resources check out [link]. A Modern Nonprofit Podcast.

Nonprofits 52

Nonprofits Non-Profits Nonprofit Administration and Development Leadership 52

The Charity CFO

JANUARY 12, 2022

Are you a nonprofit leader struggling with how prioritize revenue to avoid the trap of money becoming the mission? 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). For more nonprofit accounting resources check out [link].

Non-Profits 52

Non-Profits Public and Nonprofit Management Values Foundations 52

iMarketSmart

MAY 22, 2023

This sharing exchange is always non-transactional. It can come not only from the nonprofit, but also from a supporting community. Because they aren’t profitable, these events can’t be the end goal. They can make a profit. The profit can help the charity. The profit can help the charity. How does this work?

Altruism and Helping 52

Altruism and Helping Non-Profits Universities Participation and motivation 52

The Charity CFO

MARCH 9, 2022

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. For more nonprofit accounting resources check out www.thecharitycfo.com. A Modern Nonprofit Podcast. A Modern Nonprofit Podcast. I’m Tosha Anderson.

Non-Profits 52

Non-Profits Children Education Education 52