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. Get the free guide!

Nonprofit Accountability 52

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

The Charity CFO

JULY 1, 2024

Choosing the right accounting services is crucial for the financial health of your nonprofit. The right nonprofit accountant helps your organization properly manage its finances, which improves trust and transparency with stakeholders and donors.

Nonprofit Accountability 52

Nonprofit Accountability Public and Nonprofit Management Finance Technology 52

The Charity CFO

APRIL 2, 2024

Managing a nonprofit can be complex, especially when it comes to nonprofit accounting. Nonprofits face unique financial challenges and responsibilities that require specialized expertise and support. That’s why you need a strong accounting partner who specializes in nonprofits.

Nonprofit Accountability 52

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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. Ready to dive deep into this exciting realm?

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. Whether you are an educational, charitable, religious, sports, or other public-benefit organization, you need to have a good handle on your finances in order to make the most impact.

Nonprofit Accountability 52

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The Charity CFO

APRIL 25, 2024

For nonprofit organizations, accounting comes with a lot of complexity. In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure. What is the actual goal in a nonprofit accounting setup?

Nonprofit Accountability 52

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The Charity CFO

APRIL 15, 2022

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. And they’re tired of the hamster wheel of hiring, re-hiring, training, and re-training bookkeepers and accountants. So why do accountants leave nonprofit organizations?

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Public and Nonprofit Management 52

The Charity CFO

MAY 22, 2024

Choosing KPIs for your nonprofit doesn’t have to be complicated. Keep reading to learn more about some of the most common KPIs for nonprofit organizations and why you might want to use them. Financial Nonprofit KPIs Financial KPIs focus on how your organization earns and uses money. Get the free guide!

Nonprofit Organizations 52

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The Charity CFO

JULY 28, 2022

We’ll tell you all you need to know about complying with these new rules when accounting for leases of all types. What is ASC 842 for nonprofit lease accounting? All nonprofit accounting rules in the United States are defined and codified by the Financial Accounting Standards Board, or “FASB”. Not compliant?

Finance 98

Finance Nonprofits Nonprofit Accountability Activism 98

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

FEBRUARY 9, 2022

This tax benefit will create a wave of new donations to nonprofit organizations over the next decade as cryptocurrency investors start to look for ways to reduce their tax liabilities. Cryptocurrency can be as good as cash for nonprofits. Want to learn the basics of nonprofit accounting? . are two examples.

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NonProfit Leadership Alliance

OCTOBER 5, 2022

However, due to the nature of nonprofit accounting, your organization may need to use several different budgets regularly. . This is the day-to-day budget you’ll use at your organization. Define the Types of Budgets You Need. When you create your personal budget, you probably use just one piece of paper or spreadsheet.

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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? Account Description. Get Started with Nonprofit Accounting.

Insurance 98

Insurance Nonprofit Accountability Non-Profits Nonprofits 98

Get Fully Funded

OCTOBER 26, 2022

The following checklist covers the basics of everything you need to get funded , become official, and stay organized: Define your nonprofit’s mission clearly. Start earning revenue for the organization. Take steps to incorporate your nonprofit. Organize your resources. Hire a motivated team. Plan for the future.

Finance 98

Finance Management Public and Nonprofit Management Nonprofits 98

Nonprofit Tech for Good

NOVEMBER 18, 2012

Hopefully from here on out any new social network that launches will learn from the mistakes made by Myspace, Facebook, Google+, and Pinterest and launch simultaneously with both personal and business/nonprofit accounts available for individuals and brands. 11 Types of Photos Nonprofits Should Post on Social Media.

Non-Profits 86

Non-Profits Law Nonprofit Accountability Nonprofit Organizations 86

Nonprofit Tech for Good

SEPTEMBER 6, 2018

In short, GitHub for Good is a free GitHub account. To qualify, your organization must meet a set of requirements: GitHub nonprofit accounts are designed for official nonprofit organizations and charities that are nongovernment, nonacademic, noncommercial, nonpolitical in nature, and have no religious affiliation.

Nonprofit Accountability 80

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The Charity CFO

AUGUST 30, 2022

ASC 606 Revenue Recognition for Nonprofit Organizations. All US businesses, for-profit and nonprofit, were subject to new revenue recognition standards starting by 2019. Nonprofit accounting departments often move slowly, so while hopefully you’ve already implemented these standards, you should ensure that you have.

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Candid

JULY 26, 2022

Failing to adequately fund overhead can have real consequences for nonprofit organizations. Let’s consider one example— setting nonprofit staff compensation. When it comes time to cut overhead costs, some organizations start with staff salaries. Go above and beyond with transparency when discussing overhead.

Fundraising 122

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Non Profit Accounting Academy

JANUARY 9, 2025

Initially we are unveiling SNM Free which includes Nonprofit Accounting Highlights A free course to Present essential nonprofit accounting concepts in an engaging and easy-to-understand way, and Refer you to more in-depth courses and resources in case you want to explore further. Hit reply to this email and let us know.

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Nonprofit Accountability Culture Management Finance 52

Bloomerang

FEBRUARY 16, 2024

It isn’t easy to know where to start when creating a plan for your nonprofit’s funds because each step is important to the overall effectiveness of your financial management. Using a nonprofit banking account can simplify nonprofit financial management and provide benefits that personal and business accounts do not offer.

Management 103

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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. If so, how?

Finance 52

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

Nonprofit Marketing Insights by GlobalOwls

JUNE 10, 2024

FAQ What Is a Nonprofit Team? A nonprofit team is a group of individuals working together within a nonprofit organization to achieve its mission and goals. What Roles Are Common in a Nonprofit Team? What Are the Different Types of Nonprofit Organizations?

Non-Profits 122

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The Charity CFO

APRIL 19, 2022

Or want to check out a nonprofit before you make a significant financial gift? Every nonprofit organization has swings in cash balances throughout the year. The calculation looks like this: As a nonprofit, you need to concern yourself specifically with unrestricted cash and cash equivalents. Maybe We Can Help.

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The Charity CFO

DECEMBER 21, 2021

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. . In this article, we’ll do our best to answer the most the most common tax-related questions for 501(c)(3) nonprofits. Do nonprofits pay property tax?

Public and Nonprofit Management 85

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The Charity CFO

JANUARY 25, 2022

The Statement of Financial Position is the Balance Sheet of a nonprofit organization. It gives you a snapshot of a nonprofit’s financial health at a point in time by displaying what the organization owns (assets), what it owes to others (liabilities), and its value (net assets).

Non-Profits 98

Non-Profits Nonprofits Values Nonprofit Accountability 98

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. Sure, you’ll find overlap between the two roles In many small organizations.

Public and Nonprofit Management 98

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The NonProfit Times

OCTOBER 15, 2024

For more information about employment in nonprofit organizations, see Research Data on the Nonprofit Sector. Highlights of the 2018-2022 data on the nonprofit sector include: In 2022, over 300,000 nonprofits accounted for 12.8 Recession dates were determined by the National Bureau of Economic Research.

Manufacturing 69

Manufacturing Food Services Construction Insurance 69

The Charity CFO

APRIL 28, 2023

Is there an advantage to working with accounting firms specializing in nonprofits? Nonprofit organizations play a crucial role in addressing social, environmental, and cultural issues in our society. Grant Accounting Many nonprofit organizations rely on grants to fund their programs and services.

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The Charity CFO

OCTOBER 9, 2023

Let’s take a closer look at nonprofit accounting systems, the most frequent mistakes, and how to avoid trouble down the road. Those responsible for creating accounting systems might not be aware of industry best practices or make small but significant mistakes that can go unnoticed for months or years.

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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).

Communication 65

Communication Public and Nonprofit Management Nonprofit governance and management Associations 65

The Charity CFO

MAY 31, 2024

Let’s take a closer look at the importance of efficient bookkeeping for nonprofits, common challenges, and how you can use technology to improve the accuracy and efficiency of your accounting system. There are almost endless tools and configurations you could use to run your accounting system, so how do you choose?

Technology 52

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Nonprofit Marketing Insights by GlobalOwls

APRIL 15, 2023

Finding donors and sponsors consistently has always been a challenge faced by most nonprofit organizations. In the wake of the Covid-19 crisis, this issue has become even more pronounced for nonprofits as they struggle with financial burdens. You can also partner with other nonprofits in similar fields to create more impact.

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Recruitment Nonprofits Advertising Children 98

NonProfit Hub

SEPTEMBER 16, 2021

However you learn best, there is a track available through Nonprofit Hub to get you the knowledge and expertise you need to grow your nonprofit mission. Square One: Taking an Idea from Concept to 501c3 Organization. Starting a nonprofit organization can be overwhelming. Three Common Nonprofit Board Myths [BLOG].

Nonprofits 81

Nonprofits Nonprofit Accountability Management Leadership 81

EveryAction

JANUARY 25, 2023

Whether you’re a large nonprofit looking for different ways to amplify your mission or a small team trying to stretch your marketing dollars, it makes sense to first seek out free advertising for nonprofit organizations. Advertise your nonprofit on social media Brand recognition is super important for nonprofits!

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Advertising Recruitment Nonprofits Healthcare 83

Nonprofit Fixer

JANUARY 14, 2025

When people think about making change in the world, most people jump to the idea of starting or leading a nonprofit organization. But there is actually a wide range of tax vehicles and statuses that people use to accomplish their social change goalsincluding nonprofit organizations and different types of for-profit businesses.

Nonprofit Administration and Development 52

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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

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The Charity CFO

JANUARY 5, 2022

If you want to report your functional expenses properly AND always have audit-ready financial reports at your disposal, an experienced nonprofit accountant can help. At The Charity CFO , we work exclusively with nonprofit organizations to give them accurate books, timely reports, and expert advice on their nonprofit finances.

Non-Profits 96

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