The Charity CFO Blog
Nonprofit Financial Education, Trends & News
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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...
Budgets for Nonprofits: Get ready for 2023
Financial planning and budgeting are vital for the success and sustainability of any nonprofit organization. Without a clear understanding of income and expenses — it's impossible to deliver on your organization’s mission, vision, and goals effectively. That's why...
Nonprofit Accounting Services: The Right Solution
What should you look for when evaluating nonprofit accounting services? Nonprofit organizations exist to further a mission or goal. These entities rely on donations, grants, membership fees, and program revenue to stay operational. Whether you are an educational,...
How to Fill Out Form W-9 for a Nonprofit
Likely to the dismay of many nonprofit leaders, nonprofit organizations must practically live and breathe bureaucracy to maintain their tax-exempt status and ensure the continuation of their mission. While the Form W-9 for nonprofits is just one more in the constant...
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.
