The Charity CFO

MARCH 24, 2022

Nonprofit fraud makes for great headlines— like the Minnesota nonprofit Feeding Our Future accused this year of squandering $48 million of federal funding on luxurious trips, fancy mansions, and other personal costs. . According to The New York Times , the value of nonprofit fraud is approximately $40-50 Billion each year.

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Nonprofit Profit and Loss Auditing Leadership 98

The Charity CFO

MAY 20, 2022

As a nonprofit Executive Director, the amount of time you invest with your board of directors can vary wildly depending on your organizational culture and the time of year. But make no mistake: Nonprofit board development is critical to your success. So encourage your nonprofit board members to utilize their unique skills.

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Nonprofit CFO Accounting Leadership 105

The Charity CFO

MARCH 3, 2022

Nonprofits are not run to make money. million nonprofits are registered with the IRS. One-quarter of American adults volunteer with a nonprofit, helping their community on a number of issues. You will make a difference as soon as you start a nonprofit. You will make a difference as soon as you start a nonprofit.

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Nonprofit Budgeting CFO Accounting 96

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. Attract a diverse group of candidates by using targeted recruitment strategies.

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Nonprofit Leadership Communication CFO 52

The Charity CFO

JANUARY 5, 2022

Nonprofit leaders often struggle to create an open, trusting culture that supports their staff in executing their mission. If you’re looking for proven ways to engage your team and improve the mindset of your nonprofit team, this episode is for you. Why a “kitchen in the living room” is typical weakness for nonprofit teams (4:58).

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Nonprofit Leadership Investments CFO 98

The Charity CFO

MARCH 22, 2024

How does your nonprofit make strategic decisions? Additionally, leaders can use data to tell the story of their organizations, giving you a better overall picture of the state of your nonprofit. Learn more about using data for decision-making in your nonprofit in this complete guide. What Does Nonprofit Data Look Like?

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Nonprofit Leadership Benchmarking Leverage 52

VCFO

JUNE 29, 2023

Restoring and Ensuring Effective Nonprofit Finance Practices Decades ago, healthcare trailblazer Sister Irene Kraus moved her mantra of “No Margin. And when shortcomings and lapses in those crucial cornerstones persist in a nonprofit, so too do risks to the organization and those they serve. No Mission.” into the limelight.

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Nonprofit Finance CFO Compliance 67

The Charity CFO

JANUARY 15, 2025

Nonprofit success depends on many things. In the latest episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Paul Morris, Executive Fundraising Coach at Auxilia , to discuss the critical partnership between finance and development in nonprofits. Learn more about compliance requirements for nonprofits here.

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Nonprofit Finance Budgeting Leadership 52

CFO Selections

DECEMBER 6, 2022

Nonprofit organizations are champions of challenge. Yes, today’s top nonprofit leadership challenges are yesterday’s challenges continued. Yes, today’s top nonprofit leadership challenges are yesterday’s challenges continued. They are inherently designed to recognize, address, and overcome challenges of all kinds.

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Nonprofit Leadership 52

Centage

MAY 8, 2023

Lowe, CPA, CGMA As a nonprofit finance leader, you are accountable to many stakeholders – especially your Board of Directors. As CFO, at certain points throughout the year – in addition to your ongoing daily tasks – you must present key performance metrics (KPIs) and reports to your Board of Directors. with Susan C.

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Nonprofit Budgeting Finance CFO 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? She helps nonprofits get financially established so they can achieve their goals. And why nonprofits need to learn to put themselves first. (2:47).

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Nonprofit Accounting Budgeting Planning 90

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? Go straight to the full video here!

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Leadership Nonprofit Strategic Planning Prioritization 52

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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Nonprofit Leadership Prioritization Problem Solving 52

The Charity CFO

JUNE 27, 2024

Leading a nonprofit organization isn’t just about passion–it’s about effective leadership. Nonprofit executive directors play an irreplaceable role in steering their organizations toward success. This guide will explore key strategies and insights to help you excel as a nonprofit executive director.

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Nonprofit Leadership Strategic Planning Communication 52

The Charity CFO

MAY 9, 2024

During today’s conversation on a Modern Nonprofit Podcast, Tosha welcomes Dr. Krystal White. Outside of a Doctorate in Clinical Psychology with a Masters degree in Christian Leadership, Dr. White also has a Masters degree in Mind, Brain, and Education from Harvard University. Krystal shares 3 reasons people may follow this path.

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Nonprofit Leadership Startups Education 52

The Charity CFO

SEPTEMBER 17, 2024

Nonprofit organizations rely on their leadership team to help shape and implement the mission, making succession planning a key part of long-term success. While CEO succession typically grabs the spotlight, you also need to consider other teams that contribute to the everyday operation of your nonprofit. Why is there a shortage?

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Nonprofit Planning CFO Leadership 52

The Charity CFO

AUGUST 27, 2024

An organization’s Key Performance Indicators (KPIs) provide a clear measure of how well the nonprofit is maintaining financial health while working toward its mission. Many nonprofits must balance their goals with limited resources or strict compliance regulations. Unsure of which KPIs you should be tracking for your nonprofit?

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Nonprofit Budgeting CFO Financial Analysis 52

The Charity CFO

DECEMBER 23, 2024

As a nonprofit leader, you’re constantly looking for ways to streamline operations and maximize resources. As a nonprofit organization, there are many pitfalls around payroll and you need to be aware of the rules. Many nonprofits handle payroll in-house or outsource to a payroll provider.

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Nonprofit Compliance CFO Risk Management 52

The Charity CFO

DECEMBER 23, 2024

Successful nonprofits and for-profit businesses alike use a variety of key performance indicators (KPIs) to help track their organizations performance. This guide will explore some of the most common nonprofit KPIsincluding how to calculate themto help you pick the right KPIs for your nonprofit.

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Nonprofit Numbers Profit and Loss CFO 52

The Charity CFO

MAY 23, 2024

We welcome her and her many talents to the podcast today and are excited to talk about all things leadership. When asked about the unique things that nonprofit leaders may struggle with, Trina answers with abundance. When asked about the unique things that nonprofit leaders may struggle with, Trina answers with abundance.

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Nonprofit Leadership CFO Budgeting 52

The Charity CFO

FEBRUARY 27, 2023

Does your organization get bogged down with nonprofit treasurer duties? Nonprofits don’t exist for the purpose of earning profits. With that being said, money is central to a nonprofit’s success. How does a nonprofit manage its money? One of the most important board members for a nonprofit is the treasurer.

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Nonprofit Compliance CFO Leadership 52

CFO News Room

JANUARY 27, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that CFP Board announced this week that it is splitting into two separate organizations with the same leadership but different nonprofit statuses.

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The Charity CFO

FEBRUARY 16, 2023

Nonprofit budgeting best practices are often the difference between success and failure for the organization. Budgeting for nonprofits is very different from for profits, and a well-developed budgeting process can provide meaningful insight into the strength of your organization and your progress toward your mission.

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Nonprofit Budgeting CFO Leadership 52

The Charity CFO

DECEMBER 7, 2023

Welcome back to the Modern Nonprofit Podcast at The Charity CFO. Whether you are a consistent listener or joining for your first time, the podcast dives deep into the world of nonprofits, and sometimes for profit spaces to share industry specific principles, unique business practices, and much more. Based out of St.

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Nonprofit Auditing Budgeting CFO 52

The Charity CFO

JULY 19, 2024

Common nonprofit bookkeeping tasks include: Recording donations Entering accounts payable and receivable Organizing and reviewing bank statements Maintaining the general ledger These everyday financial duties help bookkeepers provide a clear and up-to-date picture of the nonprofit’s financial status.

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CFO Accounting Nonprofit General Ledger 52

The Charity CFO

DECEMBER 30, 2024

In a recent episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Greg Miller, President and CEO of Penn-Mar Human Services, to discuss the critical issues of recruitment, retention, and strategic partnerships in the nonprofit sector. He encouraged organizations to think creatively and start small if necessary.

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Nonprofit Leadership Performance Measuring CFO 52

The Charity CFO

DECEMBER 14, 2022

A nonprofit organizational chart is essential for the company’s success and growth. A nonprofit organization chart, also known as an org chart or organogram chart, is a useful tool that is used to create a graphical representation of the structure of the organization and its various departments. Let’s find out.

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Nonprofit CFO Communication Microsoft Office 52

The Charity CFO

MAY 2, 2022

Just by reading these three section of the 990, your donors can get a pretty accurate picture of the financial health of your nonprofit. . Reading this section of a 990 pulls back the curtain on the inner workings of your leadership team. What story does your 990 tell about your nonprofit? appeared first on The Charity CFO.

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Nonprofit GAAP CFO Accounting 105

The Charity CFO

APRIL 23, 2024

On today’s episode of A Modern Nonprofit Podcast, we have the Executive Director of Only Make Believe, Tamela Aldridge. When talking with Tamela, we hear a powerful message from her leadership experience within the organization and when it comes to serving others. Tamela did what she knows best, and kept moving forward.

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Nonprofit Leadership Problem Solving Education 52

The Charity CFO

MAY 11, 2023

Bookkeeping is a critical component of running a successful nonprofit organization. However, managing bookkeeping in-house can be time-consuming and expensive, which is why many nonprofits are turning to outsourced bookkeeping services. As a leader, you’ll have to determine what is right for your nonprofit.

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Nonprofit Communication Auditing GAAP 52

The Charity CFO

JULY 17, 2023

Just like a human body’s health situation can be complex, nonprofit financial health is similarly nuanced. That’s why staying financially healthy and keeping your nonprofit in tip-top shape requires the occasional “checkup” to see where you’re doing well and where you can improve.

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Nonprofit Benchmarking Auditing Compliance 52

The Charity CFO

OCTOBER 28, 2024

In a recent episode of A Modern Nonprofit Podcast, host Tosha Anderson sat down with Dr. Tiffany Slater, an nonproift HR expert and founder of HRTailorMade. The conversation centered around common HR risks faced by nonprofit organizations and best practices for avoiding potential pitfalls. Want to jump right in?

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Nonprofit Budgeting Compliance Prioritization 59

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. Here’s a look at some of the qualifications you should look for in a nonprofit finance director and tips on how to verify those qualifications: Qualifications For A Nonprofit Finance Director.

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Nonprofit Finance Strategic Planning Budgeting 52

The Charity CFO

AUGUST 14, 2023

It’s among the most hotly debated topics in the startup and nonprofit worlds. Should nonprofit founders draw an income even as they struggle to get their organization off the ground? Or should that money be plowed back into the nonprofit to boost growth and stability?

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Nonprofit Benchmarking CFO Leadership 52

The Charity CFO

APRIL 9, 2024

Good morning from a Modern Nonprofit Podcast! Maya and her team specialize in investing for nonprofit organizations. She inquires with Maya, ‘What are questions a treasurer should be asking executive leadership, or those running the organization?’ The answer may surprise you because they are actually rather simple questions.

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Nonprofit Finance CFO Accounting 52

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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Nonprofit Finance Strategic Planning Cash Flow Forecasting 52

The Charity CFO

OCTOBER 14, 2024

If you want to scale a nonprofit organization, it’s going to take a lot of discipline and patience. On a recent episode of the Modern Nonprofit podcast, host Tosha Anderson sat down with Sarah Silvestri, co-founder of Executive Arm , to discuss the challenges and strategies for scaling nonprofit organizations.

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