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** Currently On Break** Ever wanted to get help running your nonprofit, but didn’t know where to turn? Did you know you need a nonprofit accountant, but that billable rate was too high? Check out the Nonprofit Ace Podcast. We’re here to help the overwhelmed nonprofit leader reduce their anxiety about money so they can focus on making an impact. We keep the episodes under 15 minutes so you can fit us in and not think about an invoice.:)
Episodes
Tuesday Aug 02, 2022
Tuesday Aug 02, 2022
In this episode, we are bringing back one of our most popular episodes from Season 5, Episode 3, Prioritizing Organization to Avoid Clerical Errors, enjoy!
Do you know your deadline for accounting reports? Does each member of your organization understand the proper use of funds? After working hard to receive a grant, you want to make sure you're doing everything correctly to prevent the feds or your community from thinking you are misusing funds.
In this episode, I will share more tips on adequately overseeing your team and finances to help you avoid clerical errors.
"I'm a strong believer that you can have a bookkeeper and an accountant to do everything, but if you don't check it, you don't know if it's correct." - Chyla Graham.
If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit!
Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
Tuesday Jul 26, 2022
Tuesday Jul 26, 2022
In this episode, we are bringing back one of our most popular episodes from Season 5, Episode 2: Prioritizing Proper Accounting, enjoy!
Can you explain your accounting reports? Maybe you aren't a specialist, but you are relying on someone else on your team to keep up with your accounting. The news can make mishandling of funds look like a frequent occurrence, but there are ways to ensure things don't go awry.
In this episode, I will be sharing tips with you on how to make sure you are prioritizing your accounting to help you avoid accounting discrepancies.
"We all wear many hats with a nonprofit, and we all do lots of roles. You want someone who understands accounting and can talk with the researchers regularly to get the documentation they need." - Chyla Graham.
If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit!
Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
Tuesday Jul 19, 2022
Tuesday Jul 19, 2022
In this episode, we are bringing back one of our most popular episodes from Season 1, Episode 9: Can a Nonprofit Make a Profit, enjoy!
What would it mean for the communities you serve if you saved up some money? What difference would it make in their lives if you added funds? Sometimes we are conflicted and lack clarity on the understanding that it is okay to want to generate more funds for your nonprofit organization. So, what is the difference between a for-profit and a not-for-profit organization? You aren't focused on the dollars but the impact.
In this episode, we will be getting clear on how to become confident in raising funds to help impact your community and cause.
"You can't help someone else if you can't help yourself. Instead, put your oxygen mask on first." - Chyla Graham.
If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit!
Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
Tuesday Jul 12, 2022
Tuesday Jul 12, 2022
Our number one most popular episode is Season 1 Episode 1 - Distill Your Mission, enjoy!
When people ask about your organization, do you feel like a deer in the headlights? Sometimes, our humble servant hearts kick in, but we aren't clear on our mission most often. While this uncertainty can lead to confusion for whoever is asking, it can also cause more issues when it comes to saying yes to what aligns with your mission and no to what doesn't. In this episode, we will be getting clear on your who, what and why to save you time and energy to keep moving forward and making effective decisions.
"You must be able to point back with every question to your what and why because it will save so much time and energy." - Chyla Graham.
If you want to continue the conversation, find me on LinkedIn and send me a DM! I would love to hear more about you and your nonprofit!
Are you enjoying the show? Be sure to leave a rate and review of the show! I'd love to hear from you.
Tuesday May 31, 2022
Tuesday May 31, 2022
I am so excited to have Tosha Anderson of The Charity CFO back on the show today. Tosha provided so much insight in season 9 of the podcast, and we couldn't wait to bring her back. Tosha has dedicated her entire career to serving the nonprofit community, first as an auditor and then as a CFO, board member, volunteer, and consultant. In this episode, Tasha dives into what we need to consider with our budgets to achieve our yearly goals.
Topics covered in today's episode:
- Introducing Tosha Anderson (1:10)
- Tosha shares one of her responsibilities as a leader (1:27)
- Things to take into consideration when preparing your budget (1:42)
- Some of the forgotten cash flow items (3:21)
- Tweaking the assumptions (3:35)
- Using your budget to set milestones (4:20)
Are you excited to pull out your budget and start setting milestones for your year?! Tosha showed up and blew us away AGAIN with her insight! Tosha always provides us with so much wisdom, and you can find even more of her resources on her website and check out The Charity CFO University.
Previous Episodes with Tosha:
Getting Your Ducks in a Row with Tosha Anderson
If you want to continue the conversation, 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 or Spotify and leave a rate and review of the show! I'd love to hear from you.
Tuesday May 24, 2022
Tuesday May 24, 2022
If you are an organization that has been giving direct aid, emergency assistance, or you're giving out food and housing assistance, you want to make sure you are tracking this correctly to disclose it in your 990. Today's episode will finish our discussion of the IRS Form 990 and the schedules that stand out the most. If you work with grants, you want to tune in to know what a grant is (and isn't) and how to make sure your organization is communicating effectively to make sure you are pulling the right kind of reports.
Information about the 990 Schedule I covered in this episode:
- The purpose of the Schedule I (1:14)
- Filling out the Schedule I (3:49)
- Communicating effectively for reporting (5:56)
- What is and isn't considered a grant (6:43)
I hope this episode has helped bring your 990 understanding full circle and helps you get a jump start on tracking and disclosing your grant information. As this discussion comes to an end, grab the Preparing for Your 990preparation list! If you want to dig deeper into or get to know more about form 990! If you still have questions or concerns, please reach out to me in my DMs!
If you want to continue the conversation, 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 or Spotify and leave a rate and review of the show! I'd love to hear from you.
Tuesday May 17, 2022
Tuesday May 17, 2022
Do you enjoy putting together fundraisers for your organization? Once the event is cleaned up and the money counted, do you make sure to document the correct form for your 990? Today's episode will discuss filling out your 990 Schedule G to track and report your fundraising income.
Information about the 990 Schedule G covered in this episode:
- The purpose of the Schedule G (1:08)
- Differentiating fundraisers from marketing events (2:42)
- Using Schedule G to analyze your fundraising outcomes (4:41)
- Tracking your direct expenses (6:08)
Fundraising can be fun before and after the event! I hope this episode has helped you understand how to fill out your Schedule G to review your event's efforts and outcome. 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! If you still have questions or concerns, please reach out to me in my DMs!
If you want to continue the conversation, 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 or Spotify and leave a rate and review of the show! I'd love to hear from you.
Tuesday May 10, 2022
Tuesday May 10, 2022
Have you come across more donations or donors who want to remain anonymous? In today's episode, we will discuss one of the more overlooked forms your organization needs to fill out: 990 Schedule B and the beginning piece of what's included in terms of their name, address, and value.
Information about the 990 Schedule B covered in this episode:
- The purpose of the Schedule B (1:14)
- Disclosing anonymous gifts (1:54)
- Assessing the value of things (2:42)
- Redacting information from your 990 (4:28)
- Benchmark for Schedule B (5:55)
I hope that was helpful in helping you complete and present this information to the public and make sure you send the appropriate information to the IRS. Grab the Preparing for Your 990 preparation list! If you want to dig deeper into or get to know more about form 990! If you still have questions or concerns, please reach out to me in my DMs!
If you want to continue the conversation, 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 or Spotify and leave a rate and review of the show! I'd love to hear from you.
Tuesday May 03, 2022
Tuesday May 03, 2022
Are you ready to fill out your 990? If you haven't checked out my previous episodes covering your 990, check them below and learn how to use this form to brag on yourself! In today's episode, we will be digging into other ways the IRS will be using this form to get to know more about your organization and how you can appropriately fill it out.
Information about the 990 covered in this episode:
- Diving into the 990 (1:14)
- The most common schedules our clients complete (1:39)
- The first part of Schedule A and your public charity status (1:57)
- Part two and three of your Schedule A and your support (5:42)
- Are you indeed a public charity? (7:37)
I know it's a lot to take in, but don't worry! The information from today will help you feel more confident as you approach your 990. I hope that after this episode, your nerves are silent, and the excitement is louder than ever before so that you can keep being passionate about your organization without the stress of tax forms.
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! If you still have questions or concerns, please reach out to me in my DMs!
Mentioned Past Episodes:
Bragging on Yourself in the 990
If you want to continue the conversation, 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 or Spotify and leave a rate and review of the show! I'd love to hear from you.
Tuesday Apr 26, 2022
Tuesday Apr 26, 2022
So you have received your management letter following your audit…now what? In today's episode, we will be digging into how understanding the contents of the management representation letter and who receives it, you can be better prepared to respond to the auditor's management letter if necessary.
Information about the management representation letter provided in this episode:
- The purpose of the management representation letter (1:14)
- What the management representation letter includes (2:20)
- Who receives the management representation letter (5:33)
- An example of how to respond to a management letter (6:32)
That's a wrap-on audit for now! Now that we have discussed the management representation letter, the management letter, and the auditor's opinion, you should be able to face your audit head-on! If you still have questions or concerns, please reach out to me in my DMs!
Resources to look over:
Understanding the Management Letter
CFO's Guide to Significant Deficiencies and Material Weaknesses
If you want to continue the conversation, 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 or Spotify and leave a rate and review of the show! I'd love to hear from you.