For obvious reasons, executives and board members of non-profit organizations prefer to see that revenues exceed expenses.  This difference would normally be described as net income, but for non-profits, it’s referred to as the change in net assets.  Since non-profit organizations have a special type of revenue recognition, this bottom line on the financials can…

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This is a question, and many times, a forceful statement I hear at least once a month.  My clients and members of nonprofit boards I belong to have a deep misconception that nonprofits are not allowed to accumulate savings (aka reserves).  Several years ago, I did an extensive search and asked various experts in the…

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Providing monthly financial statements to the president or executive director of a non-profit organization is essential to help them guide their organization to meet their strategic objectives, but the financial statements should be geared towards board members, too.  Unfortunately, many executives and board members may not understand what they are looking at.  To help these…

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This blog was originally published on the AICPA’s subsidiary, CPA.com,website. Maribel is a member of the Advisory Board for CPA.com and the AICPA Digital CPA Conference. As an advisory board member, Maribel helps empower CPAs and businesses for the digital age. It’s no secret that staffing a CPA firm with truly qualified candidates has been a…

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This is the number one complaint we hear from clients who reach out to us for services.  About a year ago we started working with a new client.  He reached out to us for our CFO services to help him understand whether his organization’s accounting work was too much for the one-person accounting department he…

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This blog was originally published on the Standards for Excellence Institute® website, for which Maribel is a peer reviewer. As a peer reviewer, she evaluates an organization’s application for compliance with the Standards for Excellence: An Ethics and Accountability Code for the Nonprofit Sector. You start with the mission – Point A.  This is your intent. You…

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