Blog
Tag: Non Profit Organizations
Understanding Nonprofit Reports & Reporting Best Practices
At any nonprofit organization reporting tells the story of what is happening and why. But reports are not simply a snapshot of where the organization…
Mastering Nonprofit Cash Flow Projections
For-profit companies understand the importance of cash flow projections because they are inextricably tied to their goal of generating ongoing revenue. Nonprofits, on the other…
The Pros and Cons of Creating an Endowment for a Non-Profit
Every so often, one of our non-profit clients will see a small windfall in unrestricted funds, such as a large gift or bequest, proceeds on…
PODCAST: Mastering Your Financial Acumen as a Nonprofit Leader (Kevin Briscoe)
Is your organization positioned to navigate the unique strategic and financial challenges inherent in nonprofit settings? As a nonprofit leader, do you need more financial…
Best Practices in Nonprofit Cost Allocation Methodologies
One of the most complicated elements of managing a non-profit organization’s finances is allocating administrative-related expenses. These are expenses that cannot be specifically assignable to…
CFOS Foundation Approves Grants to 4 Non-profit Organizations in 2021
The CFOS Foundation Board approved the grants to four non-profit organizations which are well respected in the nonprofit world for their contributions to the foster…
Understanding Nonprofit Functional Expense Allocation
Nonprofit organizations are required to report functional expenses either in footnotes, the Statement of Activities (SOA), or a separate Statement of Functional Expenses (SOFE). The…
Does a Not-for-Profit Need a 501(c)(4)?
There are 1.2 million public charities in the United States. Public charities are only one of 29 types of nonprofit organizations recognized by the tax code. Next…
Demystifying the Single Audit for Nonprofits
In a year of uncertainties and change, the prospect of a Single Audit for the first time may seem daunting. Many nonprofits are facing this…
CFOS Foundation Approves Emergency Grants to Four Nonprofit Organizations
In light of the COVID-19 Pandemic, the CFOS Foundation Board approved four emergency, unrestricted grants; each in the amount of $20,000. Due to the urgency…