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Nonprofit Accountant vs. Fractional CFO: The Key Differences

sgEngage

Having multiple people working on your organization’s finances helps ensure accuracy—not only by delegating tasks efficiently, but also by allowing for additional review of records and reports. However, their main duties generally include: Reviewing and maintaining financial records. Filing tax forms. Analyzing budgets.

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A crash course on trends analysis using Candid’s Foundation 1000 data set 

Candid

One of the most common reasons people analyze Candid’s grant data is to understand year-over-year giving trends in the sector. At Candid, we collect data on millions of grants and other transactions awarded by hundreds of thousands of funders across the globe. Instead, we rely on a data set called the Foundation 1000.

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The 990: From Compliance to Communication 

sgEngage

Yet, at most foundations, rarely does anyone with a communications background ever review the story this critical document shares with the outside world. All Form 990s had been released as TIFF image files making it both time-consuming and expensive to extract useful data from them. Open Data Defined.

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We’re 39 percent similar; how can we be exponentially better?

Candid

One such data story is this: Though long suspected, we finally have the data to confirm that 39 percent of our grant applications are duplicative across funders. In this blog post, we'll review the research results, discuss implications, and identify the soul-searching needed to move forward in new alignment with our values.

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How to Set Up Your Nonprofit Accounting System RIGHT So it Helps You Grow

Get Fully Funded

Not only is it a mess to get accurate financial reports, you can’t get the data you need for grants which can wipe out your chances of getting grant funding. A report showing comparisons can help you see this increase. A professional CPA will take full responsibility if anything in your filings is inaccurate.

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Seven Ways to Improve Engagement With Your Nonprofit Financial Reports

BoardAssist

The key to successful financial reporting is to motivate managers to read and understand your communications instead of giving them a quick glance and filing them away (or worse, deleting them). Provide a basis for comparison. Additional nuance can be added by expanding the comparison across multiple years or multiple budget versions.

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Drupal security, and other CMS Report comments

Zen and the Art of Nonprofit Technology

The thing that is prompting this post is the little storm about the security metric that we used to try and get a handle on the security of the 4 different systems we reviewed. The report isn’t about security, it’s a very, very broad comparison of the systems, with security as a very small component. More on that in a bit.

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