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.

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 …

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 …

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 …

Tuesday, June 28, 2011

IRS Does Not Require Full Board to Adopt Policies

Exempt organizations will no longer be required to get the full board of directors to adopt the whistleblower, conflict of interest, and other governance policies for the 2010 Form 990. The IRS will instead allow a committee of the full board to adopt the policy if the policy is adopted by the end of its …

Wednesday, May 11, 2011

M&A: A Strategy for Nonprofit Survival?

Nonprofits are competing for a smaller number of government grants during the economic recession significantly impacting and restricting not only the industry’s ability to expand services but also to continue providing existing ones. As a result, nonprofits of all sizes are spending more time evaluating whether they are providing services as efficiently as possible given …