Nonprofit Financial Leadership
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Compliance and Transparency: Managing Interfund Transactions in Nonprofits
There are several critical data points you should be tracking to properly manage your interfund accounts. Learn why the process is important.
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A Quick Review of Rules for Political and Lobbying Activities
Special thanks to Lisa Ryssel, who contributed significantly to this blog. Organizations that are tax-exempt pursuant to IRC Section 501(c)(3) must comply with IRS rules and regulations regarding political and lobbying activities. Understanding these rules can help nonprofits safeguard their tax benefits and promote transparency while addressing ethical considerations and mitigating reputational and legal risks. […]
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Elevate Your Relationship With Your Outsourced Service Provider
Whether your decision to outsource is based on cost, technology, or staff shortages, there’s likely room for improvement in your provider relationship.
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Modernize and Streamline Your Chart of Accounts for POWERFUL Communication!
Modernizing and reworking your chart of accounts can help you communicate financial information powerfully in your nonprofit. If your COA is cluttered it’s probably time to reorganize it and save time and frustration in preparing financials. Reorganizing your COA will also help you communicate more powerfully to your users of financial information.
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Does your Nonprofit Need an Investment Policy Statement (IPS)?
As a best practice, nonprofits should have policies and procedures for investments and reserves, but many we talk to don’t know where to start. Have you recently heard any statements like these: “We should invest in cryptocurrency…there’s real opportunity for growth there!” “I’ve got a guy who can help us make a lot more money on […]
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Building Engagement in a Remote Work Environment: Fostering Connection and Productivity
Nonprofits can foster connection and productivity of a remote or hybrid workforce by being intentional about participation, issue identification, culture development, and clear goals.
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What to do when your finance team is short-staffed
If your nonprofit is struggling to find and keep finance staff consider looking for ways to automate or outsource, standardize work and cross-train, and focus on creating a culture of service.
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Lead Financial Transformation In Your Nonprofit
You can lead financial transformation in your nonprofit by taking small steps each day to learn and grow.
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Data-Driven Board Reporting Roundup
When more than 900 people signed up to spend an hour talking about data-driven board reporting we knew we’d struck a chord. This blog provides quick summary of our thoughts addressing the questions participants asked.
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Incorporating Financial and Nonfinancial Metrics in Organizational Oversight
Every organization seeks to remain sustainable as they carry out their mission. Incorporating relevant metrics and data efficiently into management oversight is important to this journey. In this final blog in our series on nonprofit financial statements, ratios, and nonfinancial information, we conclude with considerations for management in their role overseeing this information.