A Modern Nonprofit Podcast: What it Takes to Start a Nonprofit Organization
The Charity CFO
by mindydiberardino
1w ago
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. Needless to say, Dr. White is a skilled professional and we are excited to welcome her! She is the founder of The Executive Shaman and founder of Free Leadership, Inc. The latter is key for today’s conversion as Tosha and Krystal discuss what it takes to start a nonprofit from the ground up.  3 Reasons People Start ..read more
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7 Questions to Ask a Nonprofit Accountant
The Charity CFO
by mindydiberardino
2w ago
The right accountant can be the difference between an efficient accounting process and a total mess. That’s why it’s so important to know what to look for in a nonprofit accountant. So what happens after you’ve found a few firms that offer the services you need? 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. 1. What is Your Experience Working With Nonprofit Organizations? As a nonprofit leader, you know nonprofit accounting i ..read more
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Case Study: Financial Clarity with Modern Nonprofit Accounting Software
The Charity CFO
by mindydiberardino
2w ago
For nonprofit organizations, accounting comes with a lot of complexity. Categorizing transactions, reporting income, and meeting compliance requirements can be overwhelming.  In this case study, we’ll explore real stories of nonprofits who have transformed their organizations by using technology to streamline their financial infrastructure.  Instead of slow, paper-driven, backward-looking accounting, these organizations are moving quickly through digital integrations allowing them to focus on their core responsibilities. Let’s meet these organizations.  About The Charity CFO The ..read more
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Defining Your Nonprofit KPIs
The Charity CFO
by mindydiberardino
3w ago
A key performance indicator (KPI) is a data metric you can use to gauge the overall success of your nonprofit organization. You can use KPI data to track your organization’s performance in various areas, such as finance or operations. As you collect KPI data, you’ll get a better picture of how your organization is performing now so you can make strategic decisions to improve it. Without KPIs, your organization may be blind to trends or issues holding you back from making a bigger impact. Let’s explore how you can define your nonprofit KPIs and some examples of common metrics. Factors to Consi ..read more
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A Modern Nonprofit Podcast: Characteristics of an Executive Director
The Charity CFO
by mindydiberardino
3w ago
On today’s episode of A Modern Nonprofit Podcast, we have the Executive Director of Only Make Believe, Tamela Aldridge. Only Make Believe (OMB) is a 501c3 organization that creates interactive theater environments for children in hospital, special education, and care facility settings. When talking with Tamela, we hear a powerful message from her leadership experience within the organization and when it comes to serving others. We all have unique talents and characteristics that make us who we are, but everyone has an imagination. Tamela and her team build off of this mindset to fulfill their ..read more
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A Modern Nonprofit Podcast: 501(c)3 management
The Charity CFO
by mindydiberardino
1M ago
Good morning from a Modern Nonprofit Podcast! Today we have a financial professional & co-founder of Fairlight Advisors, Maya Tussing. Maya and her team specialize in investing for nonprofit organizations. So, naturally our conversation today will include many topics from the viewpoint of the financial statements, those within the organization that Maya is working with directly, and so much more. Stay tuned for the conversations because you never know what you may need to hear!  Organizational Roles  When the conversation of finance comes about, many people pass over the topic b ..read more
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What to Look for in a Nonprofit Accounting Partner
The Charity CFO
by mindydiberardino
1M ago
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. Take a closer look at the importance of a strong nonprofit accounting partner and what you should look for when choosing a nonprofit accountant for your organization. The Importance of a Strong Nonprofit Accounting Partner A nonprofit organization’s finances can be complic ..read more
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Comparing Your Nonprofit Budget to Actual
The Charity CFO
by mindydiberardino
1M ago
Do you know the financial health of your nonprofit organization? Knowing where your finances stand is essential to effective nonprofit management. One of the best ways to get a quick read on your organization’s financial health is to compare your nonprofit budget to actual performance. A budget to actual analysis helps you look at your estimated revenue and expense versus what your organization actually saw. Let’s take a closer look at the importance of budget to actual analysis and go over some tips for performing a budget to actual review. The Importance of Nonprofit Budget to Actual Report ..read more
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How to Fix Your Nonprofit Accounting
The Charity CFO
by mindydiberardino
1M ago
Your nonprofit accounting system might not be the most exciting part of your organization, but it’s one of the most important aspects. An effective accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. However, effective accounting isn’t just about following rules. An effective nonprofit accounting system also helps your organization stay transparent, manage funds wisely, and build trust with donors and the public. If your organization’s accounting has gotten a little off track, there are things you can do to fix it. Keep reading ..read more
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Can Nonprofits Use QuickBooks?
The Charity CFO
by mindydiberardino
1M ago
QuickBooks is a popular accounting software used by businesses and individuals nationwide. As a nonprofit leader, you’ve probably heard of QuickBooks or may have even used it before. And you might be wondering if you can use QuickBooks for your nonprofit accounting. The answer is yes, QuickBooks Online can be configured for nonprofit use. Let’s dive into the benefits of using QuickBooks Online for your nonprofit and explore how to get the most out of the program. Specific Accounting Needs of Nonprofit Organizations Before you can choose an accounting software–QuickBooks or otherwise–it’s impo ..read more
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