Categories
Resources for Nonprofit Directors

MUST KNOW TIPS: Nonprofit Chart of Accounts [Video]

🔍 Unlocking the Secrets of Nonprofit Financial Management | Interview with Rachel Peterson of RP Finance 📈Are you involved with a nonprofit organization and curious about optimizing your financial management? Look no further! In this exclusive interview, we sit down with the esteemed Rachel Peterson, Founder of RP Finance, a leading expert in nonprofit financials and accounting for nonprofits. Join us as we delve into the “Nonprofit Chart of Accounts” topic and gain valuable insights from Rachel’s extensive experience in the nonprofit sector. This in-depth discussion will illuminate best practices, tips, and strategies that can significantly impact your organization’s financial efficiency and transparency. The nonprofit chart of accounts is the backbone of financial operations, allowing organizations to track and manage their funds effectively. By organizing revenue sources, expenses, and assets into distinct categories, nonprofits can make informed decisions and fulfill their missions more efficiently. 👩‍🏫Struggling with your nonprofit’s fundraising and marketing? We’re here to help. Check out our Nonprofit Coaching Program! https://www.causespecialists.ca/nonprofit-coaching📃RESOURCESGAAP: https://www.businessnewsdaily.com/5486-generally-accepted-accounting-principles-gaap.htmlChart of accounts download: https://www.causespecialists.ca/chart-of-accounts🔗NONPROFIT MANAGEMENT PLAYLIST:https://www.youtube.com/playlist?list=PLVO1n7MLtZAVPIZflEfAeZtAVxjPX6smX🎓 About Rachel Peterson and RP Finance:Rachel Peterson is an AICPA-certified Nonprofit Accounting Specialist and the founder of RP Finance, a dedicated firm serving nonprofits exclusively with their bookkeeping, accounting, and CFO needs. With a deep passion for helping organizations run smoothly and efficiently, Rachel brings her expertise in financial management and accounting principles to provide comprehensive services tailored specifically to the unique requirements of nonprofits. Through RP Finance, she collaborates closely with nonprofit leaders, offering strategic financial guidance, establishing robust internal controls, and implementing effective reporting systems.Website: rachelpeterson.financePhone: 503-208-4255📇 GET IN TOUCH WITH JOANNEEmail: toller@causespecialists.ca Web: https://www.causespecialists.ca/ LinkedIn: https://www.linkedin.com/in/joanne-toller/ Facebook: https://www.facebook.com/CauseSpecialists Instagram: https://www.instagram.com/causespecialist/ Twitter: https://twitter.com/CauseSpecialist#NonprofitFinancials #nonprofitaccounting #nonprofitleadership #nonprofitmanagement

Categories
Resources for Nonprofit Directors

BEST Accounting Software for Nonprofits [Video]

Quickbooks vs. Blackbaud Financial Edge vs. MIP Fund Accounting- How to Find the BEST Accounting Software for Your Nonprofit!Full Article here: https://www.terisaclark.com/blog/the-best-accounting-software-for-nonprofitsAre you a nonprofit leader? Get my FREE Financial Tasks Checklist here: https://www.terisaclark.com/checklist=============================I’m a CPA and former nonprofit CFO with 25+ years of experience in the nonprofit sector. My mission is to help nonprofit organizations answer the money questions so that they can achieve financial strength and accomplish their mission! Here are the ways you can work with me:⚡️FREE CONTENT : Watch and subscribe for weekly content here: https://www.youtube.com/@terisaclark⚡️COURSES / GROUP COACHING: Learn about my online courses https://www.terisaclark.com/the-financially-thriving-non-profit⚡️WORK ONE-ON-ONE: Grab a spot on my calendar for a 30 min strategic consultation https://www.terisaclark.com/offers/ff8Hotbw/checkout=============================Connect with Terisa on Social Media:Website: https://www.terisaclark.com/LinkedIn https://www.linkedin.com/in/terisa#quickbooks #blackbaud #fundaccounting #financialedge #accounting #nonprofit #nonprofits #executiveleadership #terisaclark

Categories
Resources for Nonprofit Directors

Cause Selling Nonprofit Power Week [Video]

Day Three of Nonprofit Power Week focuses again on Cause Selling for nonprofit fundraisers. Muhi Khwaja, a Fundraising Academy trainer and co-founder of the American Muslim Community Foundation, delves into Phase two of the Cause Selling model, specifically steps 5 and 6, highlighting the importance of understanding donors, adapting presentation styles, actively listening, and addressing objections in the cause selling process. Muhi shared insights on the presentation aspect of cause selling. He emphasized the importance of understanding the donor's needs, interests, and passions related to the organization's mission. Presenting the mission and demonstrating how it fulfills the donor's philanthropic goals is key to inspiring them to donate. Different presentation styles, such as structured or impromptu, should be considered based on the donor's preferences. Connecting with the donor's attachment to the organization and showcasing the impact of their gift can further engage them. Muhi shares a real-life example of approaching a CEO of a rideshare company and adjusting the presentation style based on the CEO's preferences and questions. Despite the impromptu nature of the conversation, the CEO appreciated the interaction and ended up donating $50,000 annually to the organization! The conversation then shifted to handling objections. Muhi emphasizes the importance of actively listening to the donor, observing their cues, and allowing them to express any objections or concerns. Overcoming objections requires addressing them directly, reiterating and clarifying information, and, if necessary, involving other team members or experts to provide the required answers. The lively discussion also touched on handling objections related to donors going through personal challenges, such as divorce, and Muhi shared an example of a donor who continued supporting the organization despite going through a divorce. Building relationships, being understanding, and offering flexibility are crucial in addressing objections in such situations. You can also listen to the show on your favorite podcast channel. Additionally, the American Nonprofit Academy provides news, inspiration, and training for the nonprofit and social impact community. #fundraising #nonprofit #socialimpact

Categories
Resources for Nonprofit Directors

Summer Tasks For Nonprofit Fundraisers! [Video]

Nonprofit Show host Julia Patrick interviews Jerry Diaz CFRE, an expert fundraiser and nonprofit professional consultant with GeronimoConsulting.org. They discuss the summer tasks for fundraisers and the importance of not falling into a lull during this period. This informative episode provides valuable insights and practical advice for nonprofit professionals, highlighting the significance of strategic planning, donor cultivation, and fostering a culture of philanthropy within organizations.One of the key tasks mentioned by Jerry is the review of the development plan. He states, “You want to be able to ask what the first six months were like, what were the wins, what were the successes, what were the opportunities?” This review allows fundraisers to assess their progress and make any necessary adjustments to meet their goals.Jerry also highlights the importance of having a strategy for achieving fundraising goals. He suggests exploring new sources of funds and increasing giving from existing donors. He states, “Focus on where are you going to get your new donors and doubling down on that?” Jerry emphasizes the need to schedule meetings with donors during the summer months to secure commitments and foster relationships that will occur in future months.In terms of long-term planning, Jerry advises reviewing the overall case for support and updating key policies. He mentions, “Review your overall case for support because there are changes.” This ensures that fundraising efforts align with the organization’s mission and current needs. Additionally, he recommends analyzing revenue trends and increasing fundraising goals accordingly. He states, “If your organization expenses increase year over year at 5%, then your fundraising goal should increase about 8%.”Throughout the interview, Jerry emphasizes the importance of communication, collaboration, and continuous learning within the nonprofit sector. He encourages networking, professional development, and involving the entire organization in creating a culture of philanthropy. He states, “Culture of philanthropy is an attitude and understanding of behavior. We’re all in it together.”Tune in to the fast-paced 30-minute LIVE show each weekday to hear from guest experts on a broad range of topics, including nonprofit boards, foundations, grant funding, volunteer management, donor relations, fundraising, marketing, grant writing, philanthropy, legal and tax compliance, CFRE certification, donor and CRM software, charity tax expertise, virtual galas, charity auctions, online nonprofit charity event programs, social impact strategic planning, fund development, fiscal sponsorships, capital campaigns, community impact analysis, donation management, nonprofit jobs, donor-advised funds, nonprofit HR, nonprofit classes, training, global NGO organizations, and nonprofit sector thought leaders.You can also listen to the show on your favorite podcast channel. Additionally, the American Nonprofit Academy provides news, inspiration, and training for the nonprofit and social impact community.#fundraising #nonprofit #socialimpact

Categories
Resources for Nonprofit Directors

Cumberland elects school board members, supports school budget [Video]

Cumberland residents voted Tuesday to fill two Town Council seats, as well as two School Administrative District 51 school board seats. Running for Town Councilor At-Large were Baily Douglass, who served previously on the Cumberland Bicentennial committee, and Scott Jordan, a U.S. Army veteran with experience in the nonprofit sector. Douglass won a 967-vote, or []