Nonprofit Blog

The latest finance, accounting, tax, audit and software news uniquely tailored for the nonprofit industry – private schools, foundations, museums, animal/environmental/social welfare, and church or faith-based organizations. Follow for the latest nonprofit trends, rule changes, best practices and free educational offerings.

Nonprofit Blog

Friday, September 23, 2016

Innovation: A Must-Have Tool for Nonprofit CFOs

Innovation is must-have equipment in the toolbox of CFOs operating in the nonprofit sphere. That’s the message from a panel of nonprofit executives at this year’s nonprofit symposium. Finding sustainability is a constant challenge, said Sally Petersen, CFO of Second Harvest Food Bank of Santa Clara and San Mateo Counties. And sometimes the enemy is …

Thursday, September 8, 2016

Nonprofit Symposium Recap: How to Streamline Your Fundraising

Although fundraising is critical to nonprofits’ success, many don’t have the right finance infrastructure to support it. To better serve their missions, organizations of all sizes need to put efficient donor management technology and processes in place. “We’ve found that if you’re working with donors, you need a system to track those relationships,” said Armanino …

Wednesday, August 31, 2016

Armanino Nonprofit Symposium: Why Nonprofits Hire an Outsourced CFO

Organizations choose to outsource their CFO for a number of different reasons. Some of these are easy to measure, but others are more intangible, according to panelists at the recent Armanino Nonprofit Symposium. Regina Birdsell, president and CEO of the Center for Nonprofit Management, said that as nonprofits try to get the most out of …

Thursday, August 25, 2016

The Brighter Side of Nonprofit Collaboration

Many nonprofits shy away from collaboration and partnerships for many reasons such as overlap of initiatives, the competition for grant funds and lack of resources. By avoiding working as partners, organizations are missing out on new ideas and initiatives that can make change for the community being served. Through well-planned and proper execution, collaboration can …

Monday, August 22, 2016

Playing for Keeps: What to Do When Donors Change Their Minds

There are no take-backs in fundraising, right? Wrong. Contrary to what your development team might believe, donors can and do ask for their money back. Take country music superstar Garth Brooks. The singer found that he had friends in high places when an Oklahoma jury agreed that a hospital had defaulted on an agreement to …

Monday, August 8, 2016

Nonprofit Symposium Keynote Recap: Influence Sustainable Change

Nonprofit finance leaders may not see themselves as architects of change in the sector. But as nonprofit organizations continue to struggle with systemic challenges, such as the overhead myth and inequity, they can play a strategic role in solving these widespread problems. “You have way more influence than you know, because the budget determines everything,” …

Tuesday, June 28, 2016

Rethinking Sustainability: A Focus on Flexibility, Efficiency & Impact

For the past four years, Armanino has brought you our annual Nonprofit Symposium—a free, half-day event for nonprofit industry leaders that offers education and networking around today’s leading nonprofit finance issues, as well as an opportunity for continuing education (CE) credit. This year marks our 5th anniversary. To celebrate half a decade, we’ve highlighted our …

Friday, June 17, 2016

New Overtime Rules: The Impact on Nonprofits

The Fair Labor Standards Act is making big changes to the minimum wage and overtime protection laws, impacting nonprofit organizations nationwide. The U.S. Department of Labor (DOL) recently announced new regulations regarding overtime pay that will significantly change how organizations classify employees. Here are the key provisions to the rule that will soon protect an …

Tuesday, May 31, 2016

Ransomware Attacks Put Hospitals on Alert

In the past few months, more than a dozen hospitals nationwide have had to fight a different kind of cybersecurity threat. Hollywood Presbyterian Medical Center in Los Angeles was one of the first to be hit. In February, staffers there found themselves locked out of their computer files, unable to access patient medical records. They …

Tuesday, May 24, 2016

Best Practices for Nonprofits with Multiple Locations

Whether you call them affiliates, chapters or just the “downtown location,” the reality is nonprofits seeking to expand their impact often expand their organization geographically. In fact, the chapter model is at the core of some of the country’s largest nonprofits, such as The American Red Cross, YMCA and Habitat for Humanity. Yet, along with …

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