Capital CFO LLC

OCTOBER 23, 2023

Introduction Nonprofit agenda management at its core is a game changer. Building the right agenda is a tool in your […] The post Nonprofit Agenda Management: Empowering Organizational Success appeared first on Capital CFO+. It helps you to run efficient, effective and productive meetings.

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The Charity CFO

NOVEMBER 20, 2024

Welcome to the 100th episode of A Modern Nonprofit Podcast! Today, we’re doing something special: we’ll be diving into the confessions and candid struggles of nonprofit leaders, exploring some of the most difficult, eye-opening, and surprising challenges they face. Diversification helps mitigate risks and ensures greater stability.

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Capital CFO LLC

SEPTEMBER 23, 2024

Why Nonprofits Need Financials for Growth and Stability Have you ever wondered why nonprofits need financials for growth and stability? Without robust financials, nonprofits struggle to allocate resources effectively, jeopardizing their mission and community impact. The answer lies in the multifaceted challenges they face daily.

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CFO Selections

FEBRUARY 19, 2024

Our team is used to discussing what’s included in a CFO’s job description. But this type of conversation usually centers around the commonalities that unite all CFO roles, not the nuanced differences for a specific industry or type of organization.

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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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The Charity CFO

FEBRUARY 7, 2024

John Renouard is the founder and executive director of the nonprofit organization, WHOlives. Like many nonprofit entrepreneurs, John’s career path wasn’t centered around becoming a 501c(3) director. John couldn’t either and so his nonprofit, WHOlives, was created. Can you imagine walking miles every morning, just to get water?

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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.

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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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The Charity CFO

AUGUST 22, 2024

Auxilia is a technology platform created to help community driven nonprofit organizations with donor outreach, engagement, and retention. Paul and Tosha collaborate on a discussion about nonprofits investing in technology. There is almost an unwritten fear or stigma associated with nonprofits and using dollars to invest in technology.

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The Charity CFO

JULY 30, 2024

So, Alyssia started looking for a career in the nonprofit space. Between these two roles, she learned in tremendous detail about the nonprofit industry and gained confidence in how these organizations can work together to solve the world’s most complex problems. Do You Struggle to Make Sense of Your Financial Statements?

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The Charity CFO

SEPTEMBER 2, 2022

Not surprisingly, this above-average employee turnover impacted nearly every industry, but it has hit nonprofits and financial professionals particularly hard. . However, nonprofit accountant turnover is not a new problem in the sector. Why Do Nonprofit Accountants Quit? Why Do Nonprofit Accountants Quit? Low salaries.

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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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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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CFO News Room

NOVEMBER 27, 2022

In today’s ESG-focused world, there is no taboo about corporations seeking advice and partnership opportunities with nonprofits. What contact they have had with nonprofits has usually been through their corporate giving or corporate social responsibility programs. The very best nonprofits have much to teach corporations.

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The Charity CFO

MARCH 13, 2023

Fundraising ideas for nonprofits are one of the more exciting ways to add needed momentum to your mission. The idea behind nonprofits is to support the public good. million nonprofits in the United States, there are countless organizations available to provide shelter, medical assistance, and education, you name it! With over 1.3

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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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Capital CFO LLC

AUGUST 22, 2024

Setting Fundraising Goals Identifying Financial Needs Understanding the financial requirements of your nonprofit is the cornerstone of any successful fundraising campaign. Setting Achievable Targets Once […] The post Fundraising Campaign for Your Nonprofit: A Step-by-Step Guide appeared first on Capital CFO+.

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The Charity CFO

MAY 31, 2024

Efficient bookkeeping is essential to the success and sustainability of any nonprofit. As a nonprofit leader, it can be difficult to give your bookkeeping the time it needs to stay accurate. The rise in modern nonprofit accounting software and tech tools is making it easier than ever for nonprofit leaders to manage their finances.

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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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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. This can be especially important when it comes to reporting and filing requirements.

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Nonprofit Accounting Budgeting Communication 52

The Charity CFO

MAY 9, 2024

During today’s conversation on a Modern Nonprofit Podcast, Tosha welcomes Dr. Krystal White. The latter is key for today’s conversion as Tosha and Krystal discuss what it takes to start a nonprofit from the ground up. So the question is, many people seek to start a business, but why specifically a nonprofit organization?

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The Charity CFO

JULY 10, 2022

Are your nonprofit board committees contributing to the effectiveness of your work or simply checking off the boxes someone gave you when your organization was set up years ago? Nonprofit board committees can have an outsized and positive impact on your organization’s overall mission. Traditional Nonprofit Board Committees.

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The Charity CFO

APRIL 24, 2024

A key performance indicator (KPI) is a data metric you can use to gauge the overall success of your nonprofit organization. Let’s explore how you can define your nonprofit KPIs and some examples of common metrics. This, of course, is what makes defining nonprofit KPIs complicated. Have measurable data readily available.

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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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The Charity CFO

MAY 22, 2024

Key Performance Indicators, or KPIs, are an essential part of any successful nonprofit. 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. Which KPIs are Right for Your Nonprofit?

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The Charity CFO

APRIL 26, 2024

That’s why it’s so important to know what to look for in a nonprofit accountant. The next step is to ask your potential nonprofit accountant a few questions to see if they’d be a good fit for your organization. Here are seven questions to ask a nonprofit accountant before working with them.

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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? Get the free guide!

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Capital CFO LLC

APRIL 19, 2024

You’re thinking of a rebrand for your nonprofit—how can you reignite its presence and impact? Rebrand Your Nonprofit: Assessing the Need for Change Before committing to a rebranding […] The post Rebrand Your Nonprofit: Revamp Now for Success appeared first on Capital CFO+. Rebranding could be the catalyst.

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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!

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The Charity CFO

APRIL 1, 2024

Implementing technology into your nonprofit accounting process can help solve a variety of issues—from tracking receipts to properly recording donations. In most cases, technology helps improve the efficiency and accuracy of nonprofit accounting. Nonprofits are subject to a lot of legal and financial scrutiny.

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The Charity CFO

MARCH 31, 2023

The IRS does not require nonprofit audits in most cases, however, they may periodically request an audit (examination) or a compliance check. Should My Nonprofit Obtain an Independent Audit? Do your research and select Firms that specialize in nonprofits. With appropriate planning, they can go smoothly.

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Capital CFO LLC

MARCH 22, 2024

Volunteers are the lifeblood pulsing through the veins of your nonprofit. The landscape of volunteer engagement is transforming, demanding innovative strategies that resonate with a diverse pool […] The post Creative Volunteer Recruitment Strategies for Nonprofits appeared first on Capital CFO+.

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The Charity CFO

MAY 31, 2024

Transparency and accountability are two of the most important factors in nonprofit accounting. Being transparent in your nonprofit accounting helps build trust in your organization. For-profit businesses also call the statement of financial position a balance sheet, and many nonprofits do the same. Get the free guide!

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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. Furthermore, nonprofit bookkeeping differs in some critical ways from for-profit bookkeeping too.

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The Charity CFO

APRIL 29, 2022

Many nonprofit organizations both large and small need to undergo a financial statement audit every year. Preparing for a nonprofit audit can be overwhelming and anxiety-filled, especially if it’s your first audit or you don’t have a strong and experienced financial team. How to prepare for your nonprofit audit: Step 1: The Roadmap.

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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. Finding the right accounting partner for your nonprofit is essential to the financial success of your nonprofit organization.

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The Charity CFO

MAY 31, 2022

It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. . Is that the case here?

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