The Charity CFO Blog
Nonprofit Financial Education, Trends & News
Independent audit requirements for a nonprofit
The word audit can invoke instant fear and dread. Whether it’s an IRS audit, external audit, or even an internal audit, the process can feel burdensome and worrying. However, with the right tools and preparedness, there’s no need to worry. Contrary to popular belief,...
What to look for in nonprofit accounting financial statements
Nonprofit accounting financial statements may seem like a chore. They can be meticulous and time-consuming to prepare. However, the benefits of these statements far outweigh any possible inconvenience. Nonprofits use financial statements to comply with IRS...
How to Grow a Nonprofit: 5 Marketing Strategies
Growth: likely a key point in any strategic plan and something that is the top of mind for many leaders. How to grow your nonprofit is, after all, the key to strengthening your work, achieving your mission, and making an impact. Strategy decisions ultimately come...
Nine Fundraising ideas for nonprofits
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. With over 1.3 million nonprofits in the United States, there are countless organizations available to...
Does the accounting industry have a diversity problem?
As with many long-standing professions and institutions, the short answer is “yes.” The accounting industry currently and historically does have a diversity problem. According to the most recent AICPA Trends Report (2021), 41% of accounting graduates are nonwhite...
Nonprofit treasurer duties: Where you should focus
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. Salary costs and other administrative expenses are unavoidable. Also,...
Nonprofit Budgeting Best Practices
Nonprofit budgeting best practices are often the difference between success and failure for the organization. Budgeting is a crucial element of understanding the financial health of your organization. Budgeting for nonprofits is very different from for profits, and a...
Understanding the Nonprofit Statement of Cash Flows
Does your organization pay close attention to your nonprofit statement of cash flows? When you think of financial statements, the balance sheet or income statement typically come to mind. While these are important components of a nonprofit’s success, the statement of...
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...
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.
