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Financial Oversight
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Effective Nonprofits have adaptive systems, structures and cultural norms that build and maintain their capacity to achieve their vision, mission and goals. This means designing, maintaining and adapting organizational systems; implementing processes and tools to manage programs; and strategically organizing financial and human resources in ways that deliver most effectively on the mission.
Professional Development and Learning:
Resources:
On This Page:
- Financial Management, Financial Controls & Policies, Accounting
- Audits & Related Options, Single Audit Service Providers
- Financial Reporting, Fund Investments
Financial Management
- NAO Nonprofit Financial Management Self-Assessment Tool
- Finance and Accounting Risk Assessment - CFO Selections
- Financial Management Toolkit for Strong Nonprofits - Wallace Foundation
- 5 Myths in Nonprofit Finance - Public Interest Management Group
- AICPA Nonprofit Resources - American Institute of Certified Public Accountants
- An Executive Director's Guide to Financial Leadership - The Nonprofit Quarterly
- Financial Management - Free Management Library
- Financial Stability Check-Up - CRCFO and Social Impacts Architects
- Glossary of Financial Terms - Nonprofit Finance Fund
- Indicators of Financial Crisis - The Foraker Group
Financial Controls & Policies
-
Nonprofit Fiscal Policies & Procedures: A Template and Guide - CompassPoint
- Internal Controls for Nonprofits - National Council of Nonprofits
- Maximizing Nonprofit Internal Controls: An Essential Guide - Nonprofit Quarterly
- Financial Control Recommendations for Small Nonprofits - Oregon Department of Justice
- Nonprofit Financial Policy Guidelines and Example - Propel Nonprofits
Accounting
- Accounting Basics: Nonprofit Accounting Basics - GWSCPA Educational Foundation
- Bank Statements: Do You Know Where Your Bank Statements Are - OR Department of Justice
- Budgeting: 5-Step Guide to Budget Development - Fiscal Strength for Nonprofits
- Budgeting: 10 Step Annual Budget Checklist - Propel Nonprofits
- Budgeting: Budgeting for Nonprofits - National Council of Nonprofits
- Cash Flow: Cash is King: Managing Cash Flow for Nonprofits - Nonprofit Assistance Fund
- Cost Allocation: Understanding Cost Allocation - Nonprofit Assistance Fund
- Depreciation: An Appreciation of Depreciation - Nonprofit Assistance Fund
- In-Kind Donations: In-Kind Donations: Accounting and Reporting for Nonprofits - CFO Selections
- Reserves: NAO Tip Sheet: How Much Cash Should a Nonprofit Have in Reserves - CFO Selections and NAO
- Reserves: Operating Reservies for Nonprofits - National Council of Nonprofits
- Reserves: Understanding Reserves - Nonprofit Assistance Fund
- Restricted Funds: Managing Restricted Funds - Propel Nonprofits
- Revenue Recognition: Understanding the New Revenue Recognition Guidelines for Nonprofits - CFO Selections
- Stock Gift Donations: Accounting and Reporting for Stock Gift Donations to Nonprofits - CFO Selections
- Unrelated Business Income: Tax Concerns When Your Nonprofit Corporation Earns Money - Nolo
- Unrelated Business Income Tax Requirements - IRS
Audits & Related Options
- Nonprofit Audit Guide - National Council of Nonprofits
- Audit Readiness Self-Assessment: Internal Controls Checklist - Wallace Foundation
- State Law Nonprofit Audit Requirements - National Council of Nonprofits
- Audits - Nonprofit Accounting Basics - GWSCPA Educational Foundation
- IRS Charity and Nonprofit Audits - IRS
- When Should I Have An Audit: Audit Options Clark Nuber
- When is a Nonprofit Required to Have an Independent Audit - Nolo
Single Audit Service Providers: These providers offer Single Audit services for nonprofits that have received federal grants. They are in NAO's network of business verified affiliate members.
- Clark Nuber PS - Audits, Reviews & Compilations - Cheryl Olson (colson@clarknuber.com)
- CliftonLarsonAllen - Single Audit Preparation - Nikolas Petrovich (nikolas.petrovich@claconnect.com)
- Jones & Roth CPAs - Audit Compliance - Robert Adrian (radrian@jrcpa.com)
- McDonald Jacobs P.C - Financial Reporting - Gerard DeBlois (gerard@mcdonaldjacobs.com)
Financial Reporting
- Elegant Reporting in Nonprofit Accounting - CLA
- Financial Statements of Nonprofits - Accounting Tools
- Financial Statements: Understanding Financial Statements - BoardEffect
- Financial Statements: Take the Fear Out of Financial Statements - BoardSource
- Tax Excempt Resources & Tools for 501(c)(3) - IRS Website
- Form 990 Overview Training - IRS Website
- Form 990 Overview of IRS Form - Foundation Group
- FASB Issues New Accounting Rules for Contributions and Grants - McDonald Jacobs
- FASB Upcoming Changes to Revenue Recognition for Contributions - McDonald Jacobs
- FASB New Accounting Standards – An Overview - National Council of Nonprofits
- FASB New Accounting Standards: Financial Reporting Standards Guide: Implementation for Not-for-Profits - Moss Adams
Fund Investments
- Investing for Nonprofits Best Practices - Headwater Investment Consulting
- Investment Committee Best Practices - BoardEffect
- Investment Committees: More Than the Sum of Their Parts - Arnerich Massena
- Investment Policies for Nonprofits - National Council of Nonprofits
- UMIFA Becomes UPMIFA: Fund Investment Management - Uniform Law Commission
Check out NAO's Directory of vetted consultants and service providers offering expertise in this specific resource category.
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