The Charity CFO Blog
Nonprofit Financial Education, Trends & News
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Nonprofit Tax Filing: 7 Steps to Peace of Mind
Most people dread filing taxes. The piles of paperwork, long hours, and complicated tax codes can be truly overwhelming. Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. They’re ever busy trying to make a positive...
How to Comply with Accounting Standards for Nonprofits
Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Their mission is usually...
Revenue Recognition for Nonprofits: 4 Mistakes to Avoid
Revenue recognition for nonprofits may seem fairly straightforward, but has unique complexities with important compliance consequences. Nonprofits rely on a mix of sources for their income, from fundraising, grants, and investments to earned income and individual...
7 Essentials Of Nonprofit Financial Management
Many nonprofit organizations tend to let their financial management slip on the backburner as they get busy fulfilling their mission. Sure, your mission should be a priority, but managing finances can't be neglected either. Maintaining healthy financial management is...
Financial Statements Nonprofit: What You Really Need
As a nonprofit leader, your financial stewardship is important to remain compliant with the IRS. One way to ensure you remain within the confines of your tax-exempt status is to file and share a number of financial statements. You have a primary responsibility to your...
1099 Best Practices for Your Nonprofit
Is your nonprofit using 1099 best practices? Nonprofits rely on the generosity of donors and volunteers to support their mission and achieve their goals. But, just like for-profit businesses, nonprofit organizations must also navigate complex tax laws and regulations...
How to Set Up Your Nonprofit Organizational Chart
A nonprofit organizational chart is essential for the company's success and growth. The internal structure or hierarchy of the organization must be organized and efficient to ensure that there are adequate resources and personnel in place to achieve its goals and...
Best Practices when Accounting for Grants
Grants are the lifeblood of nonprofits, giving them the much-needed cash injection to market the organization, fund a project, or get an initiative off the ground. Having a full grant pipeline increases your nonprofit’s chances of success and improves your visibility...
Why Your Church Shouldn’t Take Pass-Through Gifts
Churches often want to help those in need, especially among their congregation. But if you're not careful, you could be accepting pass-through gifts that could cost the entity's 501(c)(3) tax-exempt status. Pass-through gifts are donations given with the expectation...
Job Description For Nonprofit Finance Director
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 are responsible for the financial health of the organization. They create and maintain financial records, prepare financial...
See Financial Statements Through Your Accountant's Eyes
Get our FREE guide to nonprofit financial reports, featuring illustrations, annotations, and insights to help you better understand your organization's finances.
