The Charity CFO

JULY 2, 2024

Nonprofits are facing increasing pressure to modernize their operations to stay effective and efficient. If this feels relatable, this article will walk you through the steps you need to modernize your nonprofit operations–from adopting technology solutions to improving data security.

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The Charity CFO

JUNE 10, 2022

Your finance committee spends the most time analyzing and studying your nonprofit’s numbers, yet your entire board of directors is responsible for financial oversight. All board members are responsible for the financial health of a nonprofit organization. Include nonprofit financial training component in board orientation.

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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. Conducting a review is important, but where do you start?

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The Charity CFO

NOVEMBER 23, 2022

The finance director role is critical to the success of any nonprofit, making it one of the most important hires an organization can make. They handle all payroll and accounting functions and manage investments and fundraising efforts. A Bachelor’s Degree In Accounting, Finance, Or A Related Field Is Required.

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The Charity CFO

MARCH 22, 2024

How does your nonprofit make strategic decisions? Leveraging data for strategic decision-making has many benefits–from improving your efficiency to increasing the success rate of campaigns or strategies. Learn more about using data for decision-making in your nonprofit in this complete guide.

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The Charity CFO

FEBRUARY 27, 2024

Effective budget tracking is essential to financial transparency, efficient resource allocation, and strategic planning for your nonprofit. Tracking your budget helps with overall budget management, which contributes to your financial stability and the success of your nonprofit mission.

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The Charity CFO

JANUARY 12, 2024

Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. What Is a Financial Forecast for Nonprofits?

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The Charity CFO

JULY 19, 2024

When most people think of an organization’s financial department, they think of accountants. Bookkeepers, accountants, and Chief Financial Officers (CFOs) all serve critical roles in managing an organization’s finances. What is an Accountant? Accountants run reports to help determine if the bookkeeping is done correctly.

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The Charity CFO

JUNE 7, 2023

Nonprofit financial statements. In this post, we’ll walk through the most important financial statements, and explain the strategic benefit you can gain by pulling the maximum value from the data. The categorization of uses may vary depending on the specific context and goals of your nonprofit organization.

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The Charity CFO

NOVEMBER 17, 2022

Financial planning and budgeting are vital for the success and sustainability of any nonprofit organization. . By taking the time to assess your current financial situation and map out your anticipated income and expenses for the year ahead, you can make sure that your nonprofit is on track to meet its goals. Allocate resources.

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The Charity CFO

AUGUST 2, 2023

Welcome to the Modern Nonprofit Podcast! Sarah is a seasoned leader in the nonprofit sector, leverages over 18 years of experience to guide organizations towards success. Specifically about how nonprofit organizations can handle budgeting for the next fiscal year. Today our guest is Sarah Olivieri. Get the free guide!

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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.

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The Charity CFO

AUGUST 28, 2023

Running a successful nonprofit requires many diverse skill sets, from experts in your particular field to fundraising and event pros. Unfortunately, one area where many otherwise thriving nonprofits lack experience is financial and money issues. That’s where advisory finance committees come in.

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CFO Leadership

AUGUST 12, 2021

Kim Ngyuen came to the US from Vietnam to further her education and obtained her MBA with a concentration in Accounting at Albertus Magnus College. Kim works closely with the CEO to develop strategic plans while focusing on financial matters to enhance the quality of the daily operations. Joy is our first Ascend Honoree.

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Future CFO

SEPTEMBER 9, 2024

While CFOs don’t need the ability to apply next-generation technology skills for data mining and training machine learning models, being educated on and aware of available technologies in finance is important for creating strategic plans. Qualifying organisations have at least $250 million for fiscal year 2022.

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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].

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Jedox Finance

DECEMBER 13, 2022

It takes four perspectives into account: the customer perspective, the internal perspective, the innovation and learning perspective, and the financial perspective. Since then, the BSC has been used as a measurement tool for entrepreneurial activities by organizations, nonprofit organizations, governments, and others.

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CFO Simplified

APRIL 19, 2023

Succession planning is not only about determining your organization’s next leader, but also about creating a continuous process that assesses organizational needs and builds a climate for an executive to succeed. An effective succession plan must be linked to the organization’s strategic plan, mission, and vision.

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PYMNTS

MARCH 11, 2020

With a continuation of its global expansion, small business accounting software maker FreshBooks has rolled out in the United Kingdom. The firm is also rolling out a new set of functions geared toward Biritsh business needs, Accounting Today reported. per news in December.

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PYMNTS

DECEMBER 18, 2019

The accounting software solutions offered by Sage Intacct are flexible and cloud-native, offering advanced functionality and automation. The platform can be used by small and medium-sized businesses (SMBs), nonprofits and professionals. . Silicon Valley’s Sage Intacct is bringing its cloud-based financial management system to the U.K.

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The Charity CFO

DECEMBER 11, 2024

In a recent episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Mohan Sivaloganathan, CEO of Our Turn and advocate for youth leadership and equity in education, to discuss the concept of harmonious leadership and its potential to transform the nonprofit sector. Want to jump right in?

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The Charity CFO

JANUARY 8, 2025

In this episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Kathryn Hoffman, CEO of the Minnesota Center for Environmental Advocacy (MCEA), to discuss how to balance a big mission with human-centered leadership. Want more nonprofit leadership tips? Check out this recent episode of A Modern Nonprofit Podcast.

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