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American Red Cross Sued Claiming Haitian Relief Funds Misused

The NonProfit Times

The American Red Cross has spent and distributed all funds designated for Haiti relief on shelter, emergency relief, health, cholera prevention, water and sanitation, livelihoods, and disaster preparedness,” the statement continued. The post American Red Cross Sued Claiming Haitian Relief Funds Misused appeared first on The NonProfit Times.

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3 Signs Your Organization Needs a Nonprofit Accounting System

sgEngage

Those low-cost tools can be a great way to launch and gain momentum, but there comes a point for every nonprofit when the time it takes to manage your fund accounting workarounds outweighs the cost of upgrading your system. It may be time to look for a fund accounting system with subfund capabilities when you notice these three signs.

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How a Segmented Chart of Accounts Reduces Errors in Your Nonprofit Accounting

sgEngage

Using a fund accounting system with a segmented chart of accounts requires fewer clicks and selections to track an expense, which reduces the potential for errors and helps to ensure your data integrity. Dimensional, also called table-based, tracks each element in your chart of accounts separately.

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Your New Budgeting Superpower: Program-Based Budgeting

sgEngage

As a nonprofit finance leader, you are constantly aware of the many different pulls on your funding availability. This is where your fund accounting system can help you get the granularity you need from your budgeting process to make data-driven decisions. One program could use more headcount to serve more people.

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Your Unrestricted Funds Need Stewardship, Too

sgEngage

All in unrestricted funds with no reporting necessary. While nonprofits will hopefully see an increase in unrestricted funds—and a decrease in burdensome reporting requirements—as part of this and other movements, good nonprofit accounting principles still apply. What Are Restricted Funds? What are Unrestricted Funds?

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Fundraising New Year’s Resolutions

Bloomerang

Establish funding priorities: What gifts do you need of time, talent, and treasure to robustly champion your mission? Never underestimate the power of flexible when-and-where needed most funding. Set stretch but realistic goals: Now put numbers to the funding priorities. Capital projects and improvements? Programs and services?

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ChartHop raises $35M for its internal org chart and people analytics platform

TechCrunch

Today, a startup called ChartHop that’s built a platform to cater to that trend is announcing $35 million in funding on the heels of strong growth. ChartHop grabs $5M seed led by a16z to automate the org chart. “I wanted to understand my team.” ” That’s actually a very multifaceted question.

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