Nonprofit Ace Podcast
Bragging on Your Nonprofit with a 990

Bragging on Your Nonprofit with a 990

February 15, 2022

Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company!

 

While most tax documents aren't fun, we have to accept that we must complete them each year. However, one form is simple to fill out, and it's the only form where you get to brag about your organization! Let's dive into this episode and set your organization up for success with the IRS Tax Form 990!

 

Topics covered in today's episode:

 

  • What is an IRS Form 990 (1:45)
  • Filling out a 990 when inactive as an organization (2:28)
  • When to pay someone to complete your 990 (2:53)
  • 990 for an active organization making under $200K (3:38)
  • The importance of a 990 (4:10)
  • Hitting the $200K threshold (5:50)

 

After today's episode, I hope you are less intimidated and more excited to grab your Tax Form 990! Make sure to grab the Preparing for Your 990 preparation list! If you want to dig deeper into or get to know more about form 990, don't forget about Accounting for Your Goals: IRS Form 990, which is on February 22nd. 

 

Also, sign up for the webinar - Discover How You Can Boost Your Income And Reach As A Nonprofit Organization Through Being More Open About Your Finances....Without Losing Sight of Your Mission!

If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! 

 

Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I'd love to hear from you.

Are You Audit Ready?

Are You Audit Ready?

February 8, 2022

Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company!

 

One of the tricky topics thrown around when dealing with money is the idea of an audit. Today's episode will discuss a few tips to help you understand and prepare for audits inside your organization. 

 

Audit tips covered in today's episode:

 

  • Overview of audits (1:45)
  • Why you need an audit (4:36)
  • When to be ready for an audit (5:00)
  • Understanding your budget for an audit (6:07)
  • What the prep list is going to look like (7:13)

 

After today's episode, I hope that you are more prepared and mentally ready to take on an audit when the time comes. Make sure you grab the Audit Preparation list! Don't forget Accounting for Your Goals: IRS Form 990 will be on February 22nd. Click the link above and be sure to register for this workshop hosted by Colorado Nonprofit Association. 

 

If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! 

 

Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I'd love to hear from you.

An Engaged and Effective Board with Christal M Cherry

An Engaged and Effective Board with Christal M Cherry

February 1, 2022

Hi there! If you are a nonprofit leader who is ready to become comfortable talking about money, you are in good company!

 

I am so excited for today’s episode because we get to chat with Christal M. Cherry who is a nationally recognized nonprofit executive and professionally trained fundraiser. She has over 20 years in the nonprofit sector and has supported human services organizations, faith-based missions, and higher education institutions. Christal has collaborated, interfaced, and guided diverse boards made up of college presidents, bishops and ministers, corporate CEOs, politicians, and more. 

 

Highlights from our conversation include:

 

  • How Christal serves in her role (1:04)
  • Christal’s 23-year nonprofit journey (2:41)
  • Stepping out to help other nonprofits  (4:09)
  • What you should be prioritizing in your board governance (5:10)
  • Tracking and maintaining information in your board and donors (7:46)
  • Other ways Christal is changing the world (10:45)

 

I hope today’s episode helped you understand the importance of engaging and interacting with your donors as well as your board members. If you have any questions or want to connect with Christal, you can visit her website and on LinkedIn. You can also learn more about Christal’s children’s book Mac and Cheez: Being Different is Okay on Amazon.

Sign up for the webinar on Thursday - Discover How You Can Boost Your Income And Reach As A Nonprofit Organization Through Being More Open About Your Finances....Without Losing Sight of Your Mission!

Also, don't forget about Accounting for Your Goals: IRS Form 990 which will be held on February 22nd. 

If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! 

 

Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I’d love to hear from you.

Preparing for Your Budget

Preparing for Your Budget

January 25, 2022

Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company!

 

We always talk about preparing the numbers of your budget. To help you become comfortable talking about money, I’d like to share some tips on preparing yourself and your team for budgeting and how it will benefit both of you.

 

Tips shared in today’s episode:

 

  • Two reasons you might not have your budget finalized in January (2:17)
  • When to have your budget finalized and why (3:11)
  • How your budget guides you from the beginning (3:56)
  • What to do if your budget changes (4:39)
  • How to make sure your budget is finalized (5:55)
  • When to review your current year’s budget (6:55)

 

I hope today’s episode has encouraged you to move forward making a decision with your budget. If you have any additional questions, we are here to support you. You can reach out to us or visit our website to check out further training and workshops. If you want to hear more from me, make sure to check out the Sista’s Nonprofit Network Summit on January 28th, 2022, where I will be leading a session on financial management. 

If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit!

 

Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I’d love to hear from you.

The Season for Retreats

The Season for Retreats

January 18, 2022

Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company!

 

It’s a new year, and the beginning of the year typically means it is the season for board retreats. In today’s episode, I will share three tips for you to go into this retreat. 

 

Tips covered in today’s episode:

 

  • Establishing your why (2:06)
  • Planning for a successful and beneficial retreat (2:54)
  • Leaving accomplished and ready for action (5:16)

 

I hope today’s episode helped you hone in on the essential questions to ask and think about when planning for your annual retreat. Retreats are such a powerful way to prepare for a successful year, and we would love to hear how these tips helped you plan for your retreat. If you want to hear more from me, make sure to check out the Sista’s Nonprofit Network Summit on January 28th, 2022, where I will be leading a session on financial management. 

 

If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit! 

 

Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I’d love to hear from you.

The Valley of Indecision

The Valley of Indecision

January 11, 2022

Hi there! If you are a nonprofit leader who is ready to become comfortable talking about money, you are in good company!

 

I am so excited to kick off this season where I can focus on the value of indecision. The planner in me loves the New Year planning, but I also value the ability to “just take the next step”. 

 

Tips covered in today’s episode:

 

  • Making a list and choosing the next step to move forward. (1:33)
  • Decision-making and 2020’s bigger plans. (2:07)
  • The reason we stay indecisive. (3:06)
  • The difference between being indecisive and changing your mind. (3:52)

 

I hope today’s episode has inspired you to make a choice and act on it.  If you still need help or inspiration to dig into your finances and become more comfortable talking about money, make sure to sign up for our upcoming webinar!

 

If you want to continue the conversation, be sure to find me on Instagram and send me a DM! I would love to hear more about you and your nonprofit!

Are you enjoying the show? Be sure to head over to Apple Podcasts and leave a rate and review of the show! I’d love to hear from you.

 

Download your FREE Fraud Risk Assessment here!

 

Connect with Chyla and CNRG Accounting Advisory:

Your Wrap Up Homework

Your Wrap Up Homework

December 21, 2021

On the season finale of The NonProfit Ace Podcast, I’ve got a little homework for you guys to do (it's ungraded guys, don’t worry)! We wrap this season up with a little self reflection by writing letters to ourselves. This is a chance to talk about your wins, losses, personal feelings - any and everything that you may have not expressed before. Thank you guys for tuning in for another season and I look forward to connecting with you all soon! 

 

Closer Look

  • Letter to yourself (0:45)

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Connect with Chyla and CNRG Accounting Advisory:

What Happens When Things Change

What Happens When Things Change

December 14, 2021

Welcome back to the NonProfit Ace Podcast! In today’s episode, we focus on knowing when things change and how to prepare yourself for these changes. Knowing when financial changes are coming and having a plan in place to adapt to these adjustments is a critical part of financial management within your non-profit. Thank you for tuning in! 

 

Closer Look

  • Preparing for the change (0:52)

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Connect with Chyla and CNRG Accounting Advisory:

 

Preparing for A New Year with Tosha Anderson

Preparing for A New Year with Tosha Anderson

December 7, 2021

Welcome back to The NonProfit Ace Podcast! We have a special BONUS EPISODE this season in preparation for the next season of NonProfit Ace! We chat with Tosha Anderson of The Charity CFO, and she gives us all the tips on preparing for a new fiscal year in your nonprofit. This episode is full of goodies you don’t want to miss! Check it out!

Closer Look

  • Considerations to make when planning for the end of the year (1:46)
  • Things we tend to forget in the nonprofit world (3:30)
  • What you should incorporate into your budget (4:36)

 

Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud

 

Connect with Chyla and CNRG Accounting Advisory:


Connect with Tasha Anderson:

How to Prepare for the New Year with Sabrina Walker Hernandez

How to Prepare for the New Year with Sabrina Walker Hernandez

November 30, 2021

Welcome back to The NonProfit Ace Podcast! This is part 2 of my interview with Sabrina Walker Hernandez. Sabrina is the President and CEO of Supporting World Hope, a nonprofit consultation service based out of Edinburg, Texas. In this episode, we discuss ways to prepare for the New year. Check it out and thank you for tuning in! 

 

Closer Look

  • Preparing for the New Year (1:26)

Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud

 

Connect with Chyla and CNRG Accounting Advisory:

Connect with Sabrina:

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