Finance
Get familiar with the intricacies of financial management, budgeting, fundraising strategies, and compliance, all tailored specifically to the unique needs of nonprofits.
Role of the Nonprofit CFO in Executive Management: The Watchdog Responsibility
The board expects the Executive Director (ED) and CFO to work in partnership to further the mission, but most boards also expect the CFO to perform a “watchdog” function. If the ED is the engine of the bus, the CFO is the insurance, the maintenance, and yes, sometimes the brakes.
Practical Tips for Nonprofit Budgeting
Every nonprofit needs a budget, but some are more effective than others. Consider these tips for making a budget that works well for everyone.
Forecasting Nonprofit Finances & Pivoting Programs in a Crisis: Download Spreadsheet
Forecasting is financial prototyping, and it’s a tool that will remain as part of our finance strategy. Download the budget forecast template.
Discussion Corner: Accounting Rules for Silent Auctions from Donated Articles?
Blue Avocado explores procedures concerning who is permitted to catalog and inventory donated items received by a nonprofit.
Do Nonprofits Pay Taxes? Do Nonprofit Employees Pay Taxes?
Tax law concerning nonprofit organizations can be complex. Blue Avocado explores where tax laws do and don’t apply.
What a Finance Committee Can Do for Your Board of Directors
Implementing a finance committee of the board of directors was one of the best things our organization ever did. Here’s why.
Functional Expenses Decreased During Covid-19? How to Prepare for Conversations with Funders
It’s important to be open and honest in communications with funders. Nonprofits should articulate why the metrics may have changed.
Alleviate Accounting Systems & Staff Training Chokepoints to Power Nonprofit Missions: Part 2
A case on how one Oregon nonprofit did it. Part 2 of 2.
The Employee Retention Credit: What Nonprofits Need to Know
Originally enacted as part of the CARES Act in March 2020, and subsequently voted into law last December, the Employee Retention Credit (ERC) may now be claimed by eligible employers — and that includes tax-exempt nonprofit organizations — that previously […]
Alleviate Accounting Systems & Staff Training Chokepoints to Power Nonprofit Missions: Part 1
A case on how one Oregon nonprofit did it. Part 1 of 2.