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.

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 …

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, 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 …

Monday, December 14, 2015

Elevating the Role of the Nonprofit CFO: Board Governance

Nonprofit industry veteran Marilyn Gardner recently shared her thoughts with us on the changing role of the Chief Financial Officer at a recent Armanino webinar, A CFO’s Model for Nonprofit Board Governance. Marilyn is the former CFO of De La Salle High School and is a current board member of John Muir Health, where she …

Thursday, June 25, 2015

Nonprofit Symposium | Renovating the Nonprofit Approach to Finance

Now in its fourth year, Armanino’s Nonprofit Team is pleased to host our annual Nonprofit Symposium on July 15, 2015, at the Hotel Nikko in San Francisco. Recent to Cutting Edge: Renovating the Nonprofit Approach to Finance was designed specifically for finance executives of today’s leading, larger nonprofit organizations, the free, half-day forum offers education …

Tuesday, March 31, 2015

A Lesson in Status: Learn from Insurer’s Tax Woes

The Los Angeles Times reports that the nonprofit Blue Shield of California—the state’s third-largest health insurer—has been stripped of its state tax-exempt status, and may be on the hook for tens of millions in state taxes each year moving forward. The insurer’s California status was revoked in August of last year (it’s just now becoming …

Monday, January 12, 2015

Five Executive Directors Went for a Walk

At a recent retreat of the Alliance of Arizona Nonprofits, an apocryphal tale made the rounds and helped frame the discussion. Here’s the way Mark Rosenman, a professor emeritus at the Union Institute & University, tells the tale:  During a break at a nonprofit leadership retreat, five executive directors went for a walk beside a …

Thursday, July 21, 2011

2011 Nonprofit CFO Findings

Our 2011 CFO Evolution Nonprofit Benchmarking Survey revealed a number of findings related to the current state of Bay Area Nonprofit CFO organizations as well as the future aspirations of nonprofit CFOs. One in particular is the major challenges currently facing nonprofit organizations, including revenue generation, declining membership/student population and expense management. A recurring theme …

Friday, July 1, 2011

Improving Your 403(b) Plan

The second year of auditing 403(b) plans is in full force! Plan sponsors are still working hard to ensure that they are complying with the new laws and regulations. Here are some questions to consider as you work towards improving your plan: 1) Are employee contributions being remitted to the plan as soon as they …

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