Ever wanted to get help running your nonprofit, but didn't know where to turn? Did you know you need a nonprofit accountant, but that billable rate was too high? Check out the Nonprofit Nuggets Podcast. We're here to help the overwhelmed nonprofit leader reduce their anxiety about money so they can focus on making an impact. We keep the episodes under 15 minutes so you can fit us in and not think about an invoice.:)
Are you looking to be fully prepared for any questions that might arise now that your 990 is a public document? This episode will equip you with the knowledge and confidence to answer whatever comes your way! If you are ready for a rapid question deep dive, this episode is for you! Top reasons to listen to the entire episode: Discover how to make sure your 990 is firing on all cylinders! Find out the questions you need to ask yourself when understanding your 990. Become fully equipped and confident in what's happening with your finances. Links & Mentioned Resources: Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good Connect with Chyla: Instagram LinkedIn Twitter Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Is your 990 painting a story for your organization? If you want to leave an unforgettable impression and tell a meaningful story about your organization, then having a 990 is the way to go. In this episode, I share why I prefer the 990 and how it is a storyteller for your organization If you are ready to create a connection with each person who learns more about what makes you unique, this episode is for you! Top reasons to listen to the entire episode: Learn how to create a meaningful connection with your donors through your 990 Discover how to showcase the unique story you have to tell about your organization's work Generate more investor interest by creating an unforgettable impression Links & Mentioned Resources: Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good Connect with Chyla: Instagram LinkedIn Twitter Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Are you viewing your 990 as a tool, or are you intimidated by it? Maybe you are completely blind to the tools the IRS offers you. In this episode, I share how you can leverage your 990 and the powerful tools to file it effortlessly. If you are ready to highlight tools you can better implement in your nonprofit, this episode is for you! Top reasons to listen to the entire episode: Learn how to compare your CRM and accounting system data to ensure no discrepancies. Discover how to use your 990 as a tool in your organization. Find out how to stop underestimating what you can do with your 990. Links & Mentioned Resources: Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good Connect with Chyla: Instagram LinkedIn Twitter Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Nonprofit organizations exist to make a difference in the world. Maybe you have dedicated your mission and resources to providing essential services, advocating for a cause, or raising awareness of an issue that affects your community. In this episode, I share how you can reflect on your priorities to make sure your actions and spending are lining up with your mission. If you are ready for your organization to speak for itself in the public eye and on paper, this episode is for you! Top reasons to listen to the entire episode: Find out the three priorities you should consider in your organization. Discover how your volunteer retention rates reflect your priorities. Learn how potential supporters use your 990 to get to know you better. Links & Mentioned Resources: Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good Connect with Chyla: Instagram LinkedIn Twitter Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Are you staying aligned with the mission you started out with? Maybe your mission has changed, but how does that affect your standing with the IRS? In this episode, I share the importance of being intentional with your mission, how to make sure you're staying in line with it, and why filing your 990 form is crucial to keeping your tax-exempt status. If you are ready to get back on track (and stay on it!), this episode is for you! Top reasons to listen to the entire episode: Discover how to assess if the mission of your organization is still being met. Learn how to reach a larger population with clear, focused goals. Find out when your nonprofit could be at risk of losing its tax-exempt status. Links & Mentioned Resources: Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good Connect with Chyla: Instagram LinkedIn Twitter Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Are you looking to maximize your organization's transparency and ensure compliance with the IRS? Filing the correct forms can be intimidating initially, but don't worry! In this episode, we'll break down the basics of filing a 990 form, so you have all the information you need for success. If you're ready to confidently understand your 990, this episode is for you! Top reasons to listen to the entire episode: Learn how to demonstrate transparency in organizational operations to the IRS. Break down complex information into bite-sized, digestible pieces with a Form 990. Discover how to easily compare information between similar organizations and maximize your public support. Links & Mentioned Resources: Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good Connect with Chyla: Instagram LinkedIn Twitter Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Do you wonder how often you need to do a strategic plan? What is the best path to sustainability? Maybe you wonder how you can be more efficient and effective with your systems and processes. In this episode, Rebecca Rodriguez is back and answering all the burning questions holding you back from running your nonprofit. This episode is for you if you are ready to feel equipped and supported in your mission! Top reasons to listen to the entire episode: Learn how to develop a marketing strategy that connects with potential supporters. Discover the importance of creating plans tailored to changing needs of the population and economy. Be prepared to put resources in place to revise existing strategies when necessary. Links & Mentioned Resources: The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good Connect with Rebecca: For The Philanthropist Facebook LinkedIn Connect with Chyla: Instagram LinkedIn Twitter Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Are you looking to start a nonprofit organization but don't know where to start? Maybe understanding the legal requirements and other aspects of running a successful nonprofit is holding you back. In this episode, Rebecca shares her expertise in starting practices that will help you hit the ground running! Stay tuned in the episode to learn about the giveaway that CNRGY Accounting is holding!! Rebecca is the Principal Consultant at For the Philanthropist and author of The Nonprofit Workbook: Tips & Best Practices for Start-ups Serving the Greater Common Good. Working with leaders in the social sector, her areas of expertise are organizational & program development, grant administration, and sustainability. She has worked for global organizations, including JA Worldwide, Goodwill, and Biblica, and has extensive experience working with grassroots and start-up organizations. She has served as a volunteer and sat on various advisory committees. Rebecca has a master's in Public Administration from the University of Colorado. Her home is the Texas Hill Country. When not writing or working with clients, she teaches ESL to newly arrived immigrants and yoga. If you're ready to jumpstart your journey into creating a successful nonprofit organization, this episode is for you! Top reasons to listen to the entire episode: Learn the importance of having a well-written business plan when starting a nonprofit to increase the chances of success. Discover how Rebecca has helped many founders and leaders launch their businesses. Access a guide with best practices to start and run a non-profit organization. Links & Mentioned Resources: The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good Connect with Rebecca: For The Philanthropist Facebook LinkedIn Connect with Chyla: Instagram LinkedIn Twitter Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this episode, we are bringing back one of our most popular episodes: Opportunity and Pressure Risks for Fraud. Enjoy! Have you heard of the Janice Carlstrom case from California? Just what drove her to commit fraud? In this episode, I share how you can prevent similar opportunities for crime via banking reconciliation and internal/external pressures your staff may face inside and outside work - which could lead them down a dangerous path if left unchecked. Mentioned Resources: Fraud Risk Assessment Scam Goddess Podcast Connect with Chyla: Instagram LinkedIn Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this episode, we are bringing back one of our most popular episodes: Protecting Organizational Programming From Fraud; enjoy! It's time to narrow down the focus to help protect your organization. In this episode, we look at the roles of everyone involved - from board directors and financial staff to donors, volunteers, and paid workers- in ensuring that programs are running safely while protecting against potential fraud or misuse of finances. Additionally, we also explore strategies for knowing when it's time to shut down a program before risk elevates beyond manageable levels! Mentioned Resources: Fraud Risk Assessment Connect with Chyla: Instagram LinkedIn Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this episode, we are bringing back one of our most popular episodes: Staffing Safeguards for Risk Prevention. Enjoy! Are you going beyond the basics to ask more complex questions that impact your organization's management and financial well-being? In this episode, I dive deeper into topics such as informing personnel of disciplinary guidelines, screening current and potential employees thoroughly, tracking turnover rate frequency for better budgeting decisions, and auditing training practices regularly. Knowing these key elements means being prepared to prevent fraud risks within an organization! Mentioned Resources: Fraud Risk Assessment Connect with Chyla: Instagram LinkedIn Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this episode, we are bringing back one of our most popular episodes: Holding Management Accountable to Prevent Fraud. Enjoy! Too often, we put blind faith in management regarding decision-making and financial matters. In this episode, I share the importance of accountability - questioning our leaders for greater transparency and safeguards against fraud. We examine a few things: Who is responsible? How easily available are those financial reports? And most importantly-- how quickly are they published so everyone involved can see them right away? Let's delve into these critical issues that help foster an open organizational culture! Mentioned Resources: Fraud Risk Assessment Connect with Chyla: Instagram LinkedIn Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this episode, we are bringing back one of our most popular episodes: Organizations in Action Enjoy! Organizations that are all talk, no action won't get far! If you want to prove your worth and set yourself up for success, consider giving access to the right people in your organization. In this episode, I share how you can put procedures into place around safeguarding sensitive information. Putting these best practices into motion for maximum benefit is a must if you're serious about protecting data! Resources: Fraud Risk Assessment Connect with Chyla: LinkedIn Instagram Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode. In this episode, we are bringing back one of our most popular episodes: A Peek Inside a Fraud Risk Assessment Enjoy! In this episode of Nonprofit Ace, I am sharing how you can use a fraud risk assessment to protect your nonprofit from financial misappropriation and fraud. We go through each step in detail so that you can develop an effective plan for avoiding these costly irregularities. If you are ready to learn the steps you need to know about when designing your own preemptive measures, this episode is for you! Mentioned Resources: Fraud Risk Assessment Connect with Chyla: LinkedIn Instagram Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
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Click here to leave me a text or voice comment, and tell me your favorite part of the episode. In this episode, we are bringing back one of our most popular episodes from Season 7, Episode 10: Creating a Fundraising Timeline, Enjoy! Is the timing of your annual campaign or your major fundraiser the right timing? Maybe you have a financial drought in the middle of the year, but you don't do your fundraisers until the Fall. In this episode, I discuss what you may need to consider when planning your fundraisers to suit your budgets and financial needs better. Connect with Chyla: Instagram Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode. In this episode, we are bringing back one of our most popular episodes from Season 7, Episode 1: Learning to Read Financial Statements, Enjoy! Do you know the top things nonprofit leaders want to know about financial statements? They want only three things, so let's be clear on what those are and where you can find them. In this episode, I'm diving into the importance of understanding your organization's financial statement and how this allows your Board of Directors and staff to be on the same page. Connect with Chyla: Instagram Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode. In this episode, we are bringing back one of our most popular episodes from Season 7, Episode 3: Fighting Fluff, Enjoy! Are you asking questions that are leading to a change? Maybe you are collecting as much data as possible, just in case you need it in the future. In this episode, I share how you can become a little bit more confident talking about money and thinking about what you could remove from your financial statements and reports to avoid unnecessary fluff. Connect with Chyla: Instagram Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode. In this episode, we are bringing back one of our most popular episodes from Season 5, Episode 7: Fiscal Sponsorship Pitfalls, Enjoy! Do you know the right questions to ask before working with a fiscal sponsor? Maybe you are the fiscal sponsor and want to prevent an organization from being in a sticky situation. In this episode, I share how you can prevent yourself from being in the news for misbehavior you didn't know was taking place by a fiscal sponsor. Mentioned Resources: Precise Grants Connect with Chyla: Instagram Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode. In this episode, we are bringing back one of our most popular episodes from Season 5, Episode 4: Avoiding Misappropriation with Documentation; enjoy! Are you too trusting when it comes to approving the use of funds? You may be unclear on how to set boundaries or have a better approach to requesting documentation to support your decisions. In this episode, I share how you can implement better procedures, documentation, and oversight when making decisions. Connect with Chyla: Instagram Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
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Click here to leave me a text or voice comment, and tell me your favorite part of the episode. In this episode, we are bringing back one of our most popular episodes from Season 4, Episode 4: Collaborate, Enjoy! Are you mission-focused? Does your organization fund the budget for what you can get approved? If you're only thinking about what people are willing to support, you're focusing on something other than the people you say you want to serve. In this episode, I share how you can collaborate with those who can truly help you accomplish your mission. Connect with Chyla: Instagram Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this last episode, of our ten most popular. We go back to Season 5, Episode 5, Examining Rodeo Austin Accountant Million Dollar Theft, enjoy! Are you doing a background check on your new hires? Do your employees complete thorough expense reports? You could be missing out on some significant red flags that could cost you the trust of your funders. I'm sharing how you can spot red flags in your organization and what you can do to have processes and protection in place to ensure all funds go where they are supposed to. If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
In this episode, we are bringing back one of our most popular episodes, Season 2, Episode 1, So, What's the 990, enjoy! What is the IRS Form 990? Why do we need to complete it for our organization, and why is it important to the public and IRS? Maybe you think you are filling it out, but you are actually completing the 990 N and missing out on the benefits of filling out the complete 990. In this episode, I explain what the 990 is, how to and when to file electronically, and why the 990 might be returned. If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
In this episode, we are bringing back one of our most popular episodes, Season 5 Episode 1, the first episode of Nonprofit Ace, Let's Talk About Compensation. Enjoy! Are people working in your organization for the love of the cause or the pay? It might make sense to hire someone who doesn't care about the income. However, studies show you should. Do you know what comparable organizations are paying? In this episode, I share why your compensation will benefit your organization. I also share how having competitive pay can pay off ethically for you. If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
In this episode, we are bringing back one of our most popular episodes from Season 1, Episode 10, Storytime, enjoy! Does your balance sheet make sense to you? Do you see trends like your liabilities are high, your cash flow is high, or you are holding on to cash for some reason? Your balance sheet and income report can be confusing, but there are some things you should know. In this episode, I will share what you should be doing to check if your financial statements are telling a story that makes sense. If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
In this episode, we are bringing back one of our most popular episodes from Season 1, Episode 3, Before You Start the Nonprofit, enjoy! Do you feel called to start a nonprofit? Is the lack of information and knowledge in creating one holding you back? Maybe you don't know where to start, how to gather people for a board, or how to get started with the IRS. It can be scary to make that leap, but when your passion for helping others is strong, everything else will follow. In this episode, I will share answers to some of my most frequently asked questions when starting a nonprofit organization. "Continue the process. Go slow. Take your time. You don't have to become a nonprofit organization right away. You can always get your status later." - Chyla Graham. If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
In this episode, we are bringing back one of our most popular episodes from Season 4, Episode 11, Full Interview: Cherrise Wilks. Enjoy! Has your organization worked with multiple agencies to help you with your programs and projects? Maybe you feel like you are still at square one, and the only thing that has changed is your budget when hiring someone else to help you achieve your goals. In this episode, I talk with Cherrise Wilks about her role in helping governments, businesses, and nonprofits that lack proper organizational structure and helping them achieve multiple revenue streams for their programs and projects. Cherrise is a giver of information, guidance, counsel, and mercy, with a mission to serve others, meet their goals, and find resources. She's an experienced administrator with over 18 years in federal, state, and local government and the nonprofit sectors. Ms. Wilks recently served as an emergency manager/community development specialist and formally as a hazard mitigation grant specialist for the US Department of Homeland Security. Her firm has secured more than 77 million and managed 300 million in federal, state, and private grant contracts, loan tax credits, and sponsorships. Additionally, Ms. Wilks has directly managed local government budgets of 40 million in general operating funds and identified over 5.7 million local government operational costs. Ms. Wilks holds a BS in Family, Child and Consumer Sciences from Florida State University and a Masters of Public Administration from the University of North Florida, and professional credentials in community real estate development, contract management, and grants management. Advice shared in this episode: Introducing Cherrise Wilks (1:04) Celebrating her most significant grant award (2:22) How Cherrise helps her clients (3:23) Bringing Affinity to life (6:12) The decision to include nonprofits (8:19) Working with nonprofits in a long-term capacity (11:47) Who Cherrise works with (14:25) Cherrise's advice for working with others (16:17) The best tools for your organization (18:44) Cherrise's best advice (21:23) Connect with Cherrise Instagram Website If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
In this episode, we are bringing back one of our most popular episodes from Season 5, Episode 3, Prioritizing Organization to Avoid Clerical Errors, enjoy! Do you know your deadline for accounting reports? Does each member of your organization understand the proper use of funds? After working hard to receive a grant, you want to make sure you're doing everything correctly to prevent the feds or your community from thinking you are misusing funds. In this episode, I will share more tips on adequately overseeing your team and finances to help you avoid clerical errors. "I'm a strong believer that you can have a bookkeeper and an accountant to do everything, but if you don't check it, you don't know if it's correct." - Chyla Graham. If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
In this episode, we are bringing back one of our most popular episodes from Season 5, Episode 2: Prioritizing Proper Accounting, enjoy! Can you explain your accounting reports? Maybe you aren't a specialist, but you are relying on someone else on your team to keep up with your accounting. The news can make mishandling of funds look like a frequent occurrence, but there are ways to ensure things don't go awry. In this episode, I will be sharing tips with you on how to make sure you are prioritizing your accounting to help you avoid accounting discrepancies. "We all wear many hats with a nonprofit, and we all do lots of roles. You want someone who understands accounting and can talk with the researchers regularly to get the documentation they need." - Chyla Graham. If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
In this episode, we are bringing back one of our most popular episodes from Season 1, Episode 9: Can a Nonprofit Make a Profit, enjoy! What would it mean for the communities you serve if you saved up some money? What difference would it make in their lives if you added funds? Sometimes we are conflicted and lack clarity on the understanding that it is okay to want to generate more funds for your nonprofit organization. So, what is the difference between a for-profit and a not-for-profit organization? You aren't focused on the dollars but the impact. In this episode, we will be getting clear on how to become confident in raising funds to help impact your community and cause. "You can't help someone else if you can't help yourself. Instead, put your oxygen mask on first." - Chyla Graham. If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
Our number one most popular episode is Season 1 Episode 1 - Distill Your Mission, enjoy! When people ask about your organization, do you feel like a deer in the headlights? Sometimes, our humble servant hearts kick in, but we aren't clear on our mission most often. While this uncertainty can lead to confusion for whoever is asking, it can also cause more issues when it comes to saying yes to what aligns with your mission and no to what doesn't. In this episode, we will be getting clear on your who, what and why to save you time and energy to keep moving forward and making effective decisions. "You must be able to point back with every question to your what and why because it will save so much time and energy." - Chyla Graham. If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
I am so excited to have Tosha Anderson of The Charity CFO back on the show today. Tosha provided so much insight in season 9 of the podcast, and we couldn't wait to bring her back. Tosha has dedicated her entire career to serving the nonprofit community, first as an auditor and then as a CFO, board member, volunteer, and consultant. In this episode, Tasha dives into what we need to consider with our budgets to achieve our yearly goals. Topics covered in today's episode: Introducing Tosha Anderson (1:10) Tosha shares one of her responsibilities as a leader (1:27) Things to take into consideration when preparing your budget (1:42) Some of the forgotten cash flow items (3:21) Tweaking the assumptions (3:35) Using your budget to set milestones (4:20) Are you excited to pull out your budget and start setting milestones for your year?! Tosha showed up and blew us away AGAIN with her insight! Tosha always provides us with so much wisdom, and you can find even more of her resources on her website and check out The Charity CFO University. Previous Episodes with Tosha: Getting Your Ducks in a Row with Tosha Anderson If you want to continue the conversation, find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts or Spotify and leave a rate and review of the show! I'd love to hear from you.
If you are an organization that has been giving direct aid, emergency assistance, or you're giving out food and housing assistance, you want to make sure you are tracking this correctly to disclose it in your 990. Today's episode will finish our discussion of the IRS Form 990 and the schedules that stand out the most. If you work with grants, you want to tune in to know what a grant is (and isn't) and how to make sure your organization is communicating effectively to make sure you are pulling the right kind of reports. Information about the 990 Schedule I covered in this episode: The purpose of the Schedule I (1:14) Filling out the Schedule I (3:49) Communicating effectively for reporting (5:56) What is and isn't considered a grant (6:43) I hope this episode has helped bring your 990 understanding full circle and helps you get a jump start on tracking and disclosing your grant information. As this discussion comes to an end, grab the Preparing for Your 990preparation list! If you want to dig deeper into or get to know more about form 990! If you still have questions or concerns, please reach out to me in my DMs! If you want to continue the conversation, find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts or Spotify and leave a rate and review of the show! I'd love to hear from you.
Do you enjoy putting together fundraisers for your organization? Once the event is cleaned up and the money counted, do you make sure to document the correct form for your 990? Today's episode will discuss filling out your 990 Schedule G to track and report your fundraising income. Information about the 990 Schedule G covered in this episode: The purpose of the Schedule G (1:08) Differentiating fundraisers from marketing events (2:42) Using Schedule G to analyze your fundraising outcomes (4:41) Tracking your direct expenses (6:08) Fundraising can be fun before and after the event! I hope this episode has helped you understand how to fill out your Schedule G to review your event's efforts and outcome. Make sure to grab the Preparing for Your 990 preparation list! If you want to dig deeper into or get to know more about form 990! If you still have questions or concerns, please reach out to me in my DMs! If you want to continue the conversation, find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts or Spotify and leave a rate and review of the show! I'd love to hear from you.
Have you come across more donations or donors who want to remain anonymous? In today's episode, we will discuss one of the more overlooked forms your organization needs to fill out: 990 Schedule B and the beginning piece of what's included in terms of their name, address, and value. Information about the 990 Schedule B covered in this episode: The purpose of the Schedule B (1:14) Disclosing anonymous gifts (1:54) Assessing the value of things (2:42) Redacting information from your 990 (4:28) Benchmark for Schedule B (5:55) I hope that was helpful in helping you complete and present this information to the public and make sure you send the appropriate information to the IRS. Grab the Preparing for Your 990 preparation list! If you want to dig deeper into or get to know more about form 990! If you still have questions or concerns, please reach out to me in my DMs! If you want to continue the conversation, find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts or Spotify and leave a rate and review of the show! I'd love to hear from you.
Are you ready to fill out your 990? If you haven't checked out my previous episodes covering your 990, check them below and learn how to use this form to brag on yourself! In today's episode, we will be digging into other ways the IRS will be using this form to get to know more about your organization and how you can appropriately fill it out. Information about the 990 covered in this episode: Diving into the 990 (1:14) The most common schedules our clients complete (1:39) The first part of Schedule A and your public charity status (1:57) Part two and three of your Schedule A and your support (5:42) Are you indeed a public charity? (7:37) I know it's a lot to take in, but don't worry! The information from today will help you feel more confident as you approach your 990. I hope that after this episode, your nerves are silent, and the excitement is louder than ever before so that you can keep being passionate about your organization without the stress of tax forms. Make sure to grab the Preparing for Your 990 preparation list! If you want to dig deeper into or get to know more about form 990! If you still have questions or concerns, please reach out to me in my DMs! Mentioned Past Episodes: So What's the 990 Enjoy the 990 Your 990 Bragging on Yourself in the 990 If you want to continue the conversation, find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts or Spotify and leave a rate and review of the show! I'd love to hear from you.
So you have received your management letter following your audit…now what? In today's episode, we will be digging into how understanding the contents of the management representation letter and who receives it, you can be better prepared to respond to the auditor's management letter if necessary. Information about the management representation letter provided in this episode: The purpose of the management representation letter (1:14) What the management representation letter includes (2:20) Who receives the management representation letter (5:33) An example of how to respond to a management letter (6:32) That's a wrap-on audit for now! Now that we have discussed the management representation letter, the management letter, and the auditor's opinion, you should be able to face your audit head-on! If you still have questions or concerns, please reach out to me in my DMs! Resources to look over: Understanding the Management Letter CFO's Guide to Significant Deficiencies and Material Weaknesses If you want to continue the conversation, find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts or Spotify and leave a rate and review of the show! I'd love to hear from you.
If you're a nonprofit business owner, you may be wondering what a management letter is. If you're preparing to go through an audit, it's essential to understand what to expect from the management letter. In today's episode, we will be going deeper into what you can expect from an audit and how this letter will summarize the auditors' findings and provide recommendations for improvement. Information about the management letter provided in this episode: Recapping the audit contents (1:06) The purpose of the management letter (1:33) What the management letter contains (2:55) Deficiencies and material weaknesses (3:15) The bases an auditor could cover (4:27) The two possible letters you could receive (6:58) The auditor's letter is an important document to review. It can help you improve your financial statements and better manage your business. If you receive a management letter from your auditor, be sure to take the time to read it and understand what it says. You may need to make some changes, but you can get back on track and improve your financial situation with the right plan in place. If you still have questions, please reach out to me in my DMs! Mentioned Resources: Understanding the Management Letter CFO's Guide to Significant Deficiencies and Material Weaknesses If you want to continue the conversation, find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts or Spotify and leave a rate and review of the show! I'd love to hear from you.
Does the idea of an audit make you want to run and hide? In today's episode, I want to use my experience and expertise as an auditor to share what an audit looks like and how you can better understand the next steps you need to take. Sometimes, we need to break down a process to save ourselves from a breakdown. Topics covered in today's episode: What people are expecting when they ask for an audit (1:40) What an audit includes (2:29) What the auditor is responsible (3:36) Digging into the auditor's opinion (4:41) Preparing for your audit (8:23) Do you still have the "first audit jitters"? I hope this episode provided more transparency in the auditing process to help you determine your next steps in preparing and understanding your first audit. Are you still not sure if you are audit ready? Check out last season's episode, Are You Audit Ready. If you want to continue the conversation, find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts or Spotify and leave a rate and review of the show! I'd love to hear from you.
Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company! I am so excited to have Tosha Anderson of The Charity CFO on the show today. Tosha provided so much insight and value to each question I asked her. Tosha has dedicated her entire career to serving the nonprofit community, first as an auditor and then as a CFO, board member, volunteer, and consultant. In this episode, she went above and beyond to explain what we need to be doing and what we need to stop doing as leaders in our organizations. Topics covered in today's episode: How I met Tosha (1:40) Tosha shares how she is currently celebrating (2:24) How Tosha is expanding and growing with her clients (2:52) What is The Charity CFO (4:41) How The Charity CFO differs from other accountants (5:55) What you should be prioritizing (7:07) What you can NOT delegate (10:33) Resources Tosha offers (12:19) One of the problems Tosha has seen in her experience (5:13) What you need to be asking your accountant (16:45) Isn't Tosha amazing?! She provided us with so much insight and you can find even more of her resources on her website as well as checking out The Charity CFO University. Also, sign up for the webinar - Discover How You Can Boost Your Income And Reach As A Nonprofit Organization Through Being More Open About Your Finances....Without Losing Sight of Your Mission! If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I'd love to hear from you.
Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company! After taking care of your standard reports, your 990, and your audit report, now is the time to showcase your organization and put it into a document that genuinely represents who your nonprofit serves. Your annual report will highlight this past year, and you will be able to proudly hand it out to funders and those who visit your website. Topics covered in today's episode: What is an annual report (1:44) Setting your annual report apart from other standard reports (2:57) What your nonprofit's annual report does not do (3:56) What to think about before creating and delivering your annual report (5:20) Are you excited about creating your annual report now? Typically it sounds like just another standard report, but after listening to this episode, I hope you are eager to get started on showcasing this past year in your organization! Make sure to grab the Preparing for Your 990 preparation list! If you want to dig deeper into or get to know more about Form 990, don't forget about Accounting for Your Goals: IRS Form 990, which is today, February 22nd. Also, sign up for the webinar - Discover How You Can Boost Your Income And Reach As A Nonprofit Organization Through Being More Open About Your Finances....Without Losing Sight of Your Mission! If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I'd love to hear from you.
Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company! While most tax documents aren't fun, we have to accept that we must complete them each year. However, one form is simple to fill out, and it's the only form where you get to brag about your organization! Let's dive into this episode and set your organization up for success with the IRS Tax Form 990! Topics covered in today's episode: What is an IRS Form 990 (1:45) Filling out a 990 when inactive as an organization (2:28) When to pay someone to complete your 990 (2:53) 990 for an active organization making under $200K (3:38) The importance of a 990 (4:10) Hitting the $200K threshold (5:50) After today's episode, I hope you are less intimidated and more excited to grab your Tax Form 990! Make sure to grab the Preparing for Your 990 preparation list! If you want to dig deeper into or get to know more about form 990, don't forget about Accounting for Your Goals: IRS Form 990, which is on February 22nd. Also, sign up for the webinar - Discover How You Can Boost Your Income And Reach As A Nonprofit Organization Through Being More Open About Your Finances....Without Losing Sight of Your Mission! If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I'd love to hear from you.
Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company! One of the tricky topics thrown around when dealing with money is the idea of an audit. Today's episode will discuss a few tips to help you understand and prepare for audits inside your organization. Audit tips covered in today's episode: Overview of audits (1:45) Why you need an audit (4:36) When to be ready for an audit (5:00) Understanding your budget for an audit (6:07) What the prep list is going to look like (7:13) After today's episode, I hope that you are more prepared and mentally ready to take on an audit when the time comes. Make sure you grab the Audit Preparation list! Don't forget Accounting for Your Goals: IRS Form 990 will be on February 22nd. Click the link above and be sure to register for this workshop hosted by Colorado Nonprofit Association. If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I'd love to hear from you.
Hi there! If you are a nonprofit leader who is ready to become comfortable talking about money, you are in good company! I am so excited for today's episode because we get to chat with Christal M. Cherry who is a nationally recognized nonprofit executive and professionally trained fundraiser. She has over 20 years in the nonprofit sector and has supported human services organizations, faith-based missions, and higher education institutions. Christal has collaborated, interfaced, and guided diverse boards made up of college presidents, bishops and ministers, corporate CEOs, politicians, and more. Highlights from our conversation include: How Christal serves in her role (1:04) Christal's 23-year nonprofit journey (2:41) Stepping out to help other nonprofits (4:09) What you should be prioritizing in your board governance (5:10) Tracking and maintaining information in your board and donors (7:46) Other ways Christal is changing the world (10:45) I hope today's episode helped you understand the importance of engaging and interacting with your donors as well as your board members. If you have any questions or want to connect with Christal, you can visit her website and on LinkedIn. You can also learn more about Christal's children's book Mac and Cheez: Being Different is Okay on Amazon. Sign up for the webinar on Thursday - Discover How You Can Boost Your Income And Reach As A Nonprofit Organization Through Being More Open About Your Finances....Without Losing Sight of Your Mission! Also, don't forget about Accounting for Your Goals: IRS Form 990 which will be held on February 22nd. If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I'd love to hear from you.
Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company! We always talk about preparing the numbers of your budget. To help you become comfortable talking about money, I'd like to share some tips on preparing yourself and your team for budgeting and how it will benefit both of you. Tips shared in today's episode: Two reasons you might not have your budget finalized in January (2:17) When to have your budget finalized and why (3:11) How your budget guides you from the beginning (3:56) What to do if your budget changes (4:39) How to make sure your budget is finalized (5:55) When to review your current year's budget (6:55) I hope today's episode has encouraged you to move forward making a decision with your budget. If you have any additional questions, we are here to support you. You can reach out to us or visit our website to check out further training and workshops. If you want to hear more from me, make sure to check out the Sista's Nonprofit Network Summit on January 28th, 2022, where I will be leading a session on financial management. If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I'd love to hear from you.
Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company! It's a new year, and the beginning of the year typically means it is the season for board retreats. In today's episode, I will share three tips for you to go into this retreat. Tips covered in today's episode: Establishing your why (2:06) Planning for a successful and beneficial retreat (2:54) Leaving accomplished and ready for action (5:16) I hope today's episode helped you hone in on the essential questions to ask and think about when planning for your annual retreat. Retreats are such a powerful way to prepare for a successful year, and we would love to hear how these tips helped you plan for your retreat. If you want to hear more from me, make sure to check out the Sista's Nonprofit Network Summit on January 28th, 2022, where I will be leading a session on financial management. If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I'd love to hear from you.
Hi there! If you are a nonprofit leader who is ready to become comfortable talking about money, you are in good company! I am so excited to kick off this season where I can focus on the value of indecision. The planner in me loves the New Year planning, but I also value the ability to “just take the next step”. Tips covered in today's episode: Making a list and choosing the next step to move forward. (1:33) Decision-making and 2020's bigger plans. (2:07) The reason we stay indecisive. (3:06) The difference between being indecisive and changing your mind. (3:52) I hope today's episode has inspired you to make a choice and act on it. If you still need help or inspiration to dig into your finances and become more comfortable talking about money, make sure to sign up for our upcoming webinar! If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I'd love to hear from you. Download your FREE Fraud Risk Assessment here! Connect with Chyla and CNRG Accounting Advisory: Like us on Facebook Follow us on Twitter Connect with us on LinkedIn Take the Impact Basics course Book a Strategy Session
On the season finale of The NonProfit Ace Podcast, I've got a little homework for you guys to do (it's ungraded guys, don't worry)! We wrap this season up with a little self reflection by writing letters to ourselves. This is a chance to talk about your wins, losses, personal feelings - any and everything that you may have not expressed before. Thank you guys for tuning in for another season and I look forward to connecting with you all soon! Closer Look Letter to yourself (0:45) Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud Connect with Chyla and CNRG Accounting Advisory: Follow us on Instagram: https://www.instagram.com/cnrgadvisory/ Like us on Facebook: https://www.facebook.com/cnrgadvisory/ Follow us on Twitter: https://twitter.com/cnrgadvisory Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/ Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics Book a Strategy Session - https://calendly.com/cnrg/strategy
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