Nonprofit Ace Podcast: Recent Episodes
Chyla Graham
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.:)
Are you looking to be fully prepared for any questions that might arise now that your 990 is a public document? This episode will equip you with the knowledge and confidence to answer whatever comes your way! If you are ready for a rapid question deep dive, this episode is for you!
Top reasons to listen to the entire episode:
- Discover how to make sure your 990 is firing on all cylinders!
- Find out the questions you need to ask yourself when understanding your 990.
- Become fully equipped and confident in what's happening with your finances.
Links & Mentioned Resources:
Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Is your 990 painting a story for your organization? If you want to leave an unforgettable impression and tell a meaningful story about your organization, then having a 990 is the way to go. In this episode, I share why I prefer the 990 and how it is a storyteller for your organization If you are ready to create a connection with each person who learns more about what makes you unique, this episode is for you!
Top reasons to listen to the entire episode:
- Learn how to create a meaningful connection with your donors through your 990
- Discover how to showcase the unique story you have to tell about your organization’s work
- Generate more investor interest by creating an unforgettable impression
Links & Mentioned Resources:
Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Are you viewing your 990 as a tool, or are you intimidated by it? Maybe you are completely blind to the tools the IRS offers you. In this episode, I share how you can leverage your 990 and the powerful tools to file it effortlessly. If you are ready to highlight tools you can better implement in your nonprofit, this episode is for you!
Top reasons to listen to the entire episode:
- Learn how to compare your CRM and accounting system data to ensure no discrepancies.
- Discover how to use your 990 as a tool in your organization.
- Find out how to stop underestimating what you can do with your 990.
Links & Mentioned Resources:
Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Nonprofit organizations exist to make a difference in the world. Maybe you have dedicated your mission and resources to providing essential services, advocating for a cause, or raising awareness of an issue that affects your community. In this episode, I share how you can reflect on your priorities to make sure your actions and spending are lining up with your mission. If you are ready for your organization to speak for itself in the public eye and on paper, this episode is for you!
Top reasons to listen to the entire episode:
- Find out the three priorities you should consider in your organization.
- Discover how your volunteer retention rates reflect your priorities.
- Learn how potential supporters use your 990 to get to know you better.
Links & Mentioned Resources:
Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Are you staying aligned with the mission you started out with? Maybe your mission has changed, but how does that affect your standing with the IRS? In this episode, I share the importance of being intentional with your mission, how to make sure you’re staying in line with it, and why filing your 990 form is crucial to keeping your tax-exempt status. If you are ready to get back on track (and stay on it!), this episode is for you! Top reasons to listen to the entire episode: * Discover how to assess if the mission of your organization is still being met. * Learn how to reach a larger population with clear, focused goals. * Find out when your nonprofit could be at risk of losing its tax-exempt status.
Links & Mentioned Resources:Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good Connect with Chyla:InstagramLinkedInTwitter Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Are you looking to maximize your organization's transparency and ensure compliance with the IRS? Filing the correct forms can be intimidating initially, but don't worry! In this episode, we'll break down the basics of filing a 990 form, so you have all the information you need for success. If you're ready to confidently understand your 990, this episode is for you!
Top reasons to listen to the entire episode:
- Learn how to demonstrate transparency in organizational operations to the IRS.
- Break down complex information into bite-sized, digestible pieces with a Form 990.
- Discover how to easily compare information between similar organizations and maximize your public support.
Links & Mentioned Resources:
Don't forget to follow the steps in this episode to be entered to win a copy of The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Do you wonder how often you need to do a strategic plan? What is the best path to sustainability? Maybe you wonder how you can be more efficient and effective with your systems and processes. In this episode, Rebecca Rodriguez is back andanswering all the burning questions holding you back from running your nonprofit. This episode is for you if you are ready to feel equipped and supported in your mission! Top reasons to listen to the entire episode:* Learn how to develop a marketing strategy that connects with potential supporters. * Discover the importance of creating plans tailored to changing needs of the population and economy. * Be prepared to put resources in place to revise existing strategies when necessary.
Links & Mentioned Resources:The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good Connect with Rebecca:For The PhilanthropistFacebookLinkedIn Connect with Chyla:InstagramLinkedInTwitter Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Are you looking to start a nonprofit organization but don't know where to start? Maybe understanding the legal requirements and other aspects of running a successful nonprofit is holding you back. In this episode, Rebecca shares her expertise in starting practices that will help you hit the ground running!
Stay tuned in the episode to learn about the giveaway that CNRGY Accounting is holding!!
Rebecca is the Principal Consultant at For the Philanthropist and author of The Nonprofit Workbook: Tips & Best Practices for Start-ups Serving the Greater Common Good. Working with leaders in the social sector, her areas of expertise are organizational & program development, grant administration, and sustainability. She has worked for global organizations, including JA Worldwide, Goodwill, and Biblica, and has extensive experience working with grassroots and start-up organizations. She has served as a volunteer and sat on various advisory committees. Rebecca has a master’s in Public Administration from the University of Colorado. Her home is the Texas Hill Country. When not writing or working with clients, she teaches ESL to newly arrived immigrants and yoga.
If you're ready to jumpstart your journey into creating a successful nonprofit organization, this episode is for you!
Top reasons to listen to the entire episode:
- Learn the importance of having a well-written business plan when starting a nonprofit to increase the chances of success.
- Discover how Rebecca has helped many founders and leaders launch their businesses.
- Access a guide with best practices to start and run a non-profit organization.
Links & Mentioned Resources:
The Nonprofit Workbook: Tips & Best Practices for Start-Ups Serving the Greater Common Good
Connect with Rebecca:
For The Philanthropist
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this episode, we are bringing back one of our most popular episodes: Opportunity and Pressure Risks for Fraud. Enjoy!
Have you heard of the Janice Carlstrom case from California? Just what drove her to commit fraud? In this episode, I share how you can prevent similar opportunities for crime via banking reconciliation and internal/external pressures your staff may face inside and outside work - which could lead them down a dangerous path if left unchecked.
Mentioned Resources:
Fraud Risk Assessment
Scam Goddess Podcast
Connect with Chyla:
Instagram
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this episode, we are bringing back one of our most popular episodes: Protecting Organizational Programming From Fraud; enjoy!
It’s time to narrow down the focus to help protect your organization. In this episode, we look at the roles of everyone involved - from board directors and financial staff to donors, volunteers, and paid workers- in ensuring that programs are running safely while protecting against potential fraud or misuse of finances. Additionally, we also explore strategies for knowing when it's time to shut down a program before risk elevates beyond manageable levels!
Mentioned Resources:
Fraud Risk Assessment
Connect with Chyla:
Instagram
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this episode, we are bringing back one of our most popular episodes: Staffing Safeguards for Risk Prevention. Enjoy!
Are you going beyond the basics to ask more complex questions that impact your organization's management and financial well-being? In this episode, I dive deeper into topics such as informing personnel of disciplinary guidelines, screening current and potential employees thoroughly, tracking turnover rate frequency for better budgeting decisions, and auditing training practices regularly. Knowing these key elements means being prepared to prevent fraud risks within an organization!
Mentioned Resources:
Fraud Risk Assessment
Connect with Chyla:Instagram
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this episode, we are bringing back one of our most popular episodes: Holding Management Accountable to Prevent Fraud. Enjoy!
Too often, we put blind faith in management regarding decision-making and financial matters. In this episode, I share the importance of accountability - questioning our leaders for greater transparency and safeguards against fraud. We examine a few things: Who is responsible? How easily available are those financial reports? And most importantly-- how quickly are they published so everyone involved can see them right away? Let’s delve into these critical issues that help foster an open organizational culture!
Mentioned Resources:
Fraud Risk Assessment
Connect with Chyla:Instagram
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this episode, we are bringing back one of our most popular episodes: Organizations in Action Enjoy!
Organizations that are all talk, no action won't get far! If you want to prove your worth and set yourself up for success, consider giving access to the right people in your organization. In this episode, I share how you can put procedures into place around safeguarding sensitive information. Putting these best practices into motion for maximum benefit is a must if you're serious about protecting data!
Resources:
Fraud Risk Assessment
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode.
In this episode, we are bringing back one of our most popular episodes: A Peek Inside a Fraud Risk Assessment Enjoy!
In this episode of Nonprofit Ace, I am sharing how you can use a fraud risk assessment to protect your nonprofit from financial misappropriation and fraud. We go through each step in detail so that you can develop an effective plan for avoiding these costly irregularities. If you are ready to learn the steps you need to know about when designing your own preemptive measures, this episode is for you!
Mentioned Resources:
Fraud Risk Assessment
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here 🗣 to tell us your thoughts, leave a voice message, or ask a question.
In this episode, we are bringing back one of our most popular episodes: Segregating Duties to Avoid Financial Risk Enjoy!
Secure the future of your non-profit by establishing a system that assigns tasks among your team members. In this episode, I share how separating responsibilities can help you safeguard against minor mix-ups morphing into major financial frauds down the line! Play it safe and ensure everyone has clear roles - this will pay dividends in preventing costly pitfalls later.
Mentioned Resources:
Fraud Risk Assessment
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review on Apple and Spotify to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here 🗣 to tell us your thoughts, leave a voice message, or ask a question.
In this episode, we are bringing back one of our most popular episodes: Creating Internal Controls for Your Organization Enjoy!
Are you prepared to face financial risk in your non-profit? In this episode, I share the smart steps necessary for having critical internal controls and creating effective processes, procedures, and laws - all essential pieces that will reinforce security & prevent chaos from arising should an emergency strike! Don't be caught off guard by unexpected organizational risks; stay alert & ready with these proactive strategies.
Connect with Chyla:
LinkedInInstagram
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rating and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode.
In this episode, we are bringing back one of our most popular episodes from Season 7, Episode 10: Creating a Fundraising Timeline, Enjoy!
Is the timing of your annual campaign or your major fundraiser the right timing? Maybe you have a financial drought in the middle of the year, but you don’t do your fundraisers until the Fall. In this episode, I discuss what you may need to consider when planning your fundraisers to suit your budgets and financial needs better.
Connect with Chyla: Instagram
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode.
In this episode, we are bringing back one of our most popular episodes from Season 7, Episode 1: Learning to Read Financial Statements, Enjoy!
Do you know the top things nonprofit leaders want to know about financial statements? They want only three things, so let's be clear on what those are and where you can find them. In this episode, I’m diving into the importance of understanding your organization's financial statement and how this allows your Board of Directors and staff to be on the same page.
Connect with Chyla: Instagram
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode.
In this episode, we are bringing back one of our most popular episodes from Season 7, Episode 3: Fighting Fluff, Enjoy!
Are you asking questions that are leading to a change? Maybe you are collecting as much data as possible, just in case you need it in the future. In this episode, I share how you can become a little bit more confident talking about money and thinking about what you could remove from your financial statements and reports to avoid unnecessary fluff.
Connect with Chyla: Instagram
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode.
In this episode, we are bringing back one of our most popular episodes from Season 5, Episode 7: Fiscal Sponsorship Pitfalls, Enjoy!
Do you know the right questions to ask before working with a fiscal sponsor? Maybe you are the fiscal sponsor and want to prevent an organization from being in a sticky situation. In this episode, I share how you can prevent yourself from being in the news for misbehavior you didn’t know was taking place by a fiscal sponsor.
Mentioned Resources:
Precise Grants
Connect with Chyla: Instagram
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode.
In this episode, we are bringing back one of our most popular episodes from Season 5, Episode 4: Avoiding Misappropriation with Documentation; enjoy!
Are you too trusting when it comes to approving the use of funds? You may be unclear on how to set boundaries or have a better approach to requesting documentation to support your decisions. In this episode, I share how you can implement better procedures, documentation, and oversight when making decisions.
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
After listening to this episode, click here 🗣 to tell us your thoughts, leave a voice message, or ask a question.
In this episode, we are bringing back one of our most popular episodes from Season 3, Episode 3: Governance Isn't Just About the Board, Enjoy!
Do you believe governance is 100% the board's job and responsibility? Maybe governance is a concept you need help wrapping your mind around and understanding. In this episode, Rachel Miller-Bleich shares how each member of your organization has the knowledge and experience they can bring to the table to embrace how much governance matters.
Rachel Miller-Bleich is a nonprofit board governance professional, passionate about helping organizations master good governance practices. She is experienced in managing programs and processes such as board/committee administration, nominations & elections, appointments, and awards programs. Rachel organizes and facilitates orientation and onboarding programs to help board and committee members realize success in their roles. She also helps educate colleagues and leaders in critical areas such as volunteer support, committee management, and meeting facilitation.
Connect with Rachel:
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
After listening to this episode, click here 🗣 to tell us your thoughts, leave a voice message, or ask a question.
In this episode, we are bringing back one of our most popular episodes from Season 4, Episode 3: Create a Wishlist, Enjoy!
Is budget season the most stressful time in your organization? You and your team may be scratching your heads trying to figure out how you will come up under budget and complete it in time. In this episode, I share how you can alleviate some of that stress by taking action and planning your budget throughout the year.
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
Click here to leave me a text or voice comment, and tell me your favorite part of the episode.
In this episode, we are bringing back one of our most popular episodes from Season 4, Episode 4: Collaborate, Enjoy!
Are you mission-focused? Does your organization fund the budget for what you can get approved? If you're only thinking about what people are willing to support, you're focusing on something other than the people you say you want to serve. In this episode, I share how you can collaborate with those who can truly help you accomplish your mission.
Connect with Chyla:
Thanks for joining us on the Nonprofit Ace podcast! If you enjoyed this episode, please leave us a rate and review to help us reach even more nonprofit organizations who want to connect their financial information to their mission.
In this last episode, of our ten most popular. We go back to Season 5, Episode 5, Examining Rodeo Austin Accountant Million Dollar Theft, enjoy!
Are you doing a background check on your new hires? Do your employees complete thorough expense reports? You could be missing out on some significant red flags that could cost you the trust of your funders.
I'm sharing how you can spot red flags in your organization and what you can do to have processes and protection in place to ensure all funds go where they are supposed to.
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.
In this episode, we are bringing back one of our most popular episodes, Season 2, Episode 1, So, What's the 990, enjoy!
What is the IRS Form 990? Why do we need to complete it for our organization, and why is it important to the public and IRS? Maybe you think you are filling it out, but you are actually completing the 990 N and missing out on the benefits of filling out the complete 990.
In this episode, I explain what the 990 is, how to and when to file electronically, and why the 990 might be returned.
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.
In this episode, we are bringing back one of our most popular episodes, Season 5 Episode 1, the first episode of Nonprofit Ace, Let’s Talk About Compensation. Enjoy!
Are people working in your organization for the love of the cause or the pay? It might make sense to hire someone who doesn't care about the income. However, studies show you should. Do you know what comparable organizations are paying?
In this episode, I share why your compensation will benefit your organization. I also share how having competitive pay can pay off ethically for you.
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.
In this episode, we are bringing back one of our most popular episodes from Season 1, Episode 10, Before You Start the Nonprofit, enjoy!
Does my balance sheet make sense to you? Do you see trends like your liabilities are high, your cash flow is high, or you are holding on to cash for some reason? Your balance sheet and income report can be confusing, but there are some things you should know.
In this episode, I will share what you should be doing to check if your financial statements are telling a story that makes sense.
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.
In this episode, we are bringing back one of our most popular episodes from Season 1, Episode 3, Before You Start the Nonprofit, enjoy!
Do you feel called to start a nonprofit? Is the lack of information and knowledge in creating one holding you back? Maybe you don't know where to start, how to gather people for a board, or how to get started with the IRS. It can be scary to make that leap, but when your passion for helping others is strong, everything else will follow.
In this episode, I will share answers to some of my most frequently asked questions when starting a nonprofit organization.
"Continue the process. Go slow. Take your time. You don't have to become a nonprofit organization right away. You can always get your status later." - 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.
In this episode, we are bringing back one of our most popular episodes from Season 4, Episode 11, Full Interview: Cherrise Wilks. Enjoy!
Has your organization worked with multiple agencies to help you with your programs and projects? Maybe you feel like you are still at square one, and the only thing that has changed is your budget when hiring someone else to help you achieve your goals.
In this episode, I talk with Cherrise Wilks about her role in helping governments, businesses, and nonprofits that lack proper organizational structure and helping them achieve multiple revenue streams for their programs and projects.
Cherrise is a giver of information, guidance, counsel, and mercy, with a mission to serve others, meet their goals, and find resources. She's an experienced administrator with over 18 years in federal, state, and local government and the nonprofit sectors. Ms. Wilks recently served as an emergency manager/community development specialist and formally as a hazard mitigation grant specialist for the US Department of Homeland Security. Her firm has secured more than 77 million and managed 300 million in federal, state, and private grant contracts, loan tax credits, and sponsorships. Additionally, Ms. Wilks has directly managed local government budgets of 40 million in general operating funds and identified over 5.7 million local government operational costs. Ms. Wilks holds a BS in Family, Child and Consumer Sciences from Florida State University and a Masters of Public Administration from the University of North Florida, and professional credentials in community real estate development, contract management, and grants management.
Advice shared in this episode:
- Introducing Cherrise Wilks (1:04)
- Celebrating her most significant grant award (2:22)
- How Cherrise helps her clients (3:23)
- Bringing Affinity to life (6:12)
- The decision to include nonprofits (8:19)
- Working with nonprofits in a long-term capacity (11:47)
- Who Cherrise works with (14:25)
- Cherrise's advice for working with others (16:17)
- The best tools for your organization (18:44)
- Cherrise's best advice (21:23)
Connect with Cherrise
Website
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
So What's the 990
Enjoy the 990
Your 990
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.
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.
If you're a nonprofit business owner, you may be wondering what a management letter is. If you're preparing to go through an audit, it's essential to understand what to expect from the management letter. In today's episode, we will be going deeper into what you can expect from an audit and how this letter will summarize the auditors' findings and provide recommendations for improvement.
Information about the management letter provided in this episode:
- Recapping the audit contents (1:06)
- The purpose of the management letter (1:33)
- What the management letter contains (2:55)
- Deficiencies and material weaknesses (3:15)
- The bases an auditor could cover (4:27)
- The two possible letters you could receive (6:58)
The auditor's letter is an important document to review. It can help you improve your financial statements and better manage your business. If you receive a management letter from your auditor, be sure to take the time to read it and understand what it says. You may need to make some changes, but you can get back on track and improve your financial situation with the right plan in place. If you still have questions, please reach out to me in my DMs!
Mentioned Resources:
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.
Does the idea of an audit make you want to run and hide? In today's episode, I want to use my experience and expertise as an auditor to share what an audit looks like and how you can better understand the next steps you need to take. Sometimes, we need to break down a process to save ourselves from a breakdown.
Topics covered in today's episode:
- What people are expecting when they ask for an audit (1:40)
- What an audit includes (2:29)
- What the auditor is responsible (3:36)
- Digging into the auditor's opinion (4:41)
- Preparing for your audit (8:23)
Do you still have the "first audit jitters"? I hope this episode provided more transparency in the auditing process to help you determine your next steps in preparing and understanding your first audit. Are you still not sure if you are audit ready? Check out last season's episode, Are You Audit Ready.
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.
Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company!
I am so excited to have Tosha Anderson of The Charity CFO on the show today. Tosha provided so much insight and value to each question I asked her. 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, she went above and beyond to explain what we need to be doing and what we need to stop doing as leaders in our organizations.
Topics covered in today’s episode:
- How I met Tosha (1:40)
- Tosha shares how she is currently celebrating (2:24)
- How Tosha is expanding and growing with her clients (2:52)
- What is The Charity CFO (4:41)
- How The Charity CFO differs from other accountants (5:55)
- What you should be prioritizing (7:07)
- What you can NOT delegate (10:33)
- Resources Tosha offers (12:19)
- One of the problems Tosha has seen in her experience (5:13)
- What you need to be asking your accountant (16:45)
Isn’t Tosha amazing?! She provided us with so much insight and you can find even more of her resources on her website as well as checking out The Charity CFO University.
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.
Hi there! If you are a nonprofit leader ready to become comfortable talking about money, you are in good company!
After taking care of your standard reports, your 990, and your audit report, now is the time to showcase your organization and put it into a document that genuinely represents who your nonprofit serves. Your annual report will highlight this past year, and you will be able to proudly hand it out to funders and those who visit your website.
Topics covered in today's episode:
- What is an annual report (1:44)
- Setting your annual report apart from other standard reports (2:57)
- What your nonprofit's annual report does not do (3:56)
- What to think about before creating and delivering your annual report (5:20)
Are you excited about creating your annual report now? Typically it sounds like just another standard report, but after listening to this episode, I hope you are eager to get started on showcasing this past year in your organization! 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 today, 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.
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.
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.
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.
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.
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.
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:
- Like us on Facebook
- Follow us on Twitter
- Connect with us on LinkedIn
- Take the Impact Basics course
- Book a Strategy Session
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)
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
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)
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
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:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Connect with Tasha Anderson:
- Links:https://thecharitycfo.com/
- Facebook: https://www.facebook.com/thecharitycfo
- Twitter: https://twitter.com/thecharitycfo
- IG: https://www.instagram.com/thecharitycfo/
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:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Connect with Sabrina:
- Supporting World Hope
- Sabrina's LinkedIn
Welcome back to The NonProfit Ace Podcast! This is part 1 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 why you should prioritize your board and the importance of having the right people on your team. Check it out and thank you for tuning in!
Closer Look
- Meeting Sabrina
- Prioritizing your board
- Importance of recruiting
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Connect with Sabrina:
- Supporting World Hope
- Sabrina's LinkedIn
Welcome back to The NonProfit Ace Podcast! Today we are taking a break from our focus on budgets to remind you to update your chart of accounts. We discuss the difference between the two and why it is important to make updating your chart of accounts a regular event. Thank you for tuning in!
Closer Look
- Difference between budgets and chart of accounts (0:25)
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Welcome back to The NonProfit Ace Podcast! This is part 2 from my interview with Otwan Lowery! We discuss what organizations need to consider when planning the budget for a grant or program. Check it out and thank you for tuning in!
Closer Look
- Organizational focus when planning a budget (1:10)
- Precautions to take when allocating funds (5:48)
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Connect with Otwan:
- PreciseGrants
- Otwan's LinkedIn
Welcome back to The Nonprofit Ace Podcast! Today, we are joined by Otwan Lowery, founder of Precise Grants, which is a grant compliance tool for nonprofits and other small businesses. Otwan is also an experienced CPA and has worked for several prominent organizations and firms in his career. He joins us to talk about his background, what drove him to create Precise Grants, and advice for those looking to align their fiscal outlook with their goals and dreams. Check it out and thank you for tuning in!
Closer Look
- About Precise Grants
- Choosing the right budgeting platform for your organization
- Building for sustainability
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Connect with Otwan:
- PreciseGrants
- Otwan's LinkedIn
Hello guys and welcome back to The Nonprofit Ace Podcast! This is part 2 of our conversation with Makisha Boothe. Makisha is back to discuss the one thing organizations should consider when putting together a budget and how this plays a role in the execution of any strategic plans they may have. It’s a brief but informative conversation that can help you build and effectively manage your organization's finances. Check it out!
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Connect with Makisha:
- Sistah Biz
- Makisha's LinkedIn
Hello guys! Today on The Nonprofit Ace Podcast, I am joined by Makisha Boothe! Based out of Denver, CO, Makisha is a business coach and founder of Sistah Biz, a nonprofit/for-profit organization that works with black women entrepreneurs. We had a great conversation about her beginnings, her business model, and what’s in store for the future. Tune in and thank you so much for joining us!
Closer Look
- Working with black women entrepreneurs
- Makisha’s business model
- Prioritizing goals in your vision
- Using project management tools effectively
- Understanding the entrepreneur’s journey
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Connect with Makisha:
- Sistah Biz
- Makisha's LinkedIn
Welcome back to another season of The Nonprofit Ace Podcast! This season, several guests will join us as we look to budget and financial plan out the last quarter of 2021. Tune in to check out our guests and their thoughts on financial planning, budgeting, and managing a nonprofit. Thank you so much for joining us!
Closer Look
- Welcome to Season 8!
- Financial planning for 2021’s 4th quarter
- Planning realistic budgets
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Hey guys! Today’s episode is the season finale of Season 7 of Non Profit Ace. To finish this season, we are focusing on the timeline for planning your organization’s fundraising efforts and drives. Starting your campaign in a way that keeps your organization financially solvent throughout the year is critical and requires proper planning and execution. Thanks for tuning in and we will see you next season!
Closer Look
- Knowing when to launch major fundraisers
- Transparency with donors
- Budgeting donations throughout the year
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
We are back with another episode of Non Profit Ace! Fall is right around the corner and for many organizations, this is when they focus on their end of the year fundraising goals. Today we look at how to create pragmatic goals and how to plan accordingly for these fundraising campaigns. Tune in and thanks for listening!
Closer Look
- Evaluating previous campaigns
- Capacity to hold campaign
- Looking for areas to improve from previous years
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
We are back with another episode of Non Profit Ace! This week we are wrapping up our talks on volunteers within your organization. It is critical to connect with your volunteers meaningfully. Figuring out how to build that relationship will help build goodwill amongst your volunteers and help in maximizing their talents. Tune in and thanks for listening!
Closer Look
- Prioritizing relationships with volunteers
- Transparency in volunteer roles
- Supporting volunteers with time and supplies
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Hello hello! Thank you for tuning in for another episode of Non Profit Ace! Today we are continuing our focus on volunteers in your organization and are now looking at how to select the right volunteers. Having and using volunteers in the right way is an ever-changing process, with the needs of the organization and the makeup of leadership often playing a role in the need for certain volunteers. Join us as we focus on how to evaluate the needs of your organization and how choosing the right volunteers can aid in your mission!
Closer Look
- Evaluating what type of volunteers are needed
- Positioning volunteers appropriately
- Not overstepping boundaries with volunteer services
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Hey guys, welcome to another episode of Non Profit Ace! We are continuing our discussion on volunteers and gauging their time. Volunteers may be in various levels of your organization, and you have to account for that when you are budgeting and measuring the value of their time. Tune in and thank you for listening!
Closer Look
- Understanding different kinds of volunteers
- Keeping volunteers engaged
- Software to track time
- How tracking volunteer time will inform staffing decisions
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Hey guys! We are back with another episode of Non Profit Ace! Picking up from last week, we focus more on the volunteer aspect of our organizations and how to effectively structure their time. It is imperative to use their skills and time in a way that is beneficial to both them and your organization. Tune in!
Closer Look
- Properly valuing volunteer time
- Tracking time for future reference
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Welcome back to another episode of Non Profit Ace! Today, we are going to switch things up and focus on where and how to find good and quality volunteers for your nonprofit. Building out your organization with energetic and competent volunteers is as important as making sure the financial side is crisp and clean. Be on the lookout for good volunteers and know where to find them so your non-profit can really bloom with talented support! Tune in!
Closer Look
- Where to find volunteers
- Networking with organizations for talent
- Making sure volunteers are right for YOUR organization
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Summary
Hello and welcome to another episode of Non Profit Ace! This week we are touching on “fluff”! Determining what information is important and what isn’t can be tricky sometimes. Cutting to the core of what you need to know and what you don’t is a big part of keeping organizational alignment, and it helps make sure no one gets lost in meetings and other organizational communication. We have a few tips to help you sort through the “fluff” that may be in your organization! Check it out!
Closer Look
- Asking relevant questions that lead to change
- Establishing baselines of importance
- Implementing a Dashboard
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Welcome back to another episode of Non-Profit Ace! Today, we are discussing what you NEED to know rather than what you want to know. Thinking in context financially can help answer questions you may have about cash on hand, future budgeting, and predictions for growth. Understanding context in a financial sense is important, and we’ve got several tips to make sure you are thinking proactively! Tune in!
Closer Look
- Context around your cash
- Budget vs actuals
- Planning head
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Hey guys and welcome to another season of NonProfit Ace! Today, we are looking at the importance of understanding your organization's financial statement. Being able to read and comprehend this is important to keep your finances in order. It also allows your Board of Directors and staff to be on the same page. Check out this episode for some valuable tips and information!
Closer Look
- Why knowing the amount of cash on hand is important
- Understanding statements of activity
- Reading financial statements properly
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits.
On this week of Non Profit Ace, we are examining a case out of California regarding fraud and a bookkeeper. We look at the opportunity for fraud concerning her role and the access she had to financial records, as well as the internal/external pressures she faced, both in her career and personal life that drove her to commit this act. Tune in for an analysis of how you can prevent certain opportunities for fraud in your organization, as well as reducing pressures as an employer which drives staff to feel the need to carry out illegal acts.
Closer Look
- Janice Carlstrom crime explained
- Spotting gaps in checks and balances with duties
- Using bank reconciliation to prevent fraud
- Understanding potential staff pressure
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Read more about Janice Carlstrom here
Check out the Scam Goddess Podcast episode on Janice Carlstrom: https://podcasts.apple.com/us/podcast/the-blazin-embezzler-with-brendan-scannell/id1479455008?i=1000513172168
Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits.
This week on Nonprofit Ace, we are looking at the logistics of running your organization’s various programming to make sure all parties involved are protected against potential fraud and financial misappropriation. The board of directors, financial staff, donors, volunteers, and paid staff all play a role in making sure everything is running smoothly and protecting the organization’s financial interests at all times.
Closer Look
- Creating new programs and making sure they are protected from fraud
- Organizing logistical elements of roles with programming
- Knowing when and how to shut down programs to reduce fraud risk
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits.
This week on NonProfit Ace, we are looking at the questions you should ask yourself, your co-workers, your superiors, and the board about staffing. You should be prepared to manage staffing issues such as distributing information, personal screening, and financial access by staff. Being knowledgeable and prepared to ask the questions Chyla discusses is a necessary move in order to reduce the risk of fraud throughout your organization and help structure management accordingly. Tune in!
Closer Look
- Informing employees about disciplinary changes
- Screening potential and current personnel
- Turnover frequency
- Auditing current training practices
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits.
Too often, we are placing too much trust in management when it comes to financial accountability and decision making. On this episode of NonProfit Ace, Chyla talks about the importance of questioning management in order to create safeguards against fraud from the management level down. Having these in place will help create a culture of accountability and transparency throughout the organization.
Closer Look
-
Organizational structure; Are there one or two people in control?
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Accessibility of financial reports
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Timeliness in reporting
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Follow us on Twitter: https://twitter.com/cnrgadvisory
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits.
Today, we are focusing on organizations in action. Are you an organization that does what they say they do? Are you applying internal controls, risk assessments, and best practices in action? How are you implementing them? Chyla discusses how to keep yourself from being “all talk, no action” and how to best put your money where your mouth is!
Highlights
- Identifying who has access to cash in your organization
- Safeguarding sensitive information
- Cross-training staff for various roles
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
In this episode, we are continuing our conversation on preventative measures to avoid fraud and other financially improper conduct related to nonprofits. Organizations commonly use fraud risk assessment to identify business risks and weaknesses with internal controls that may cause financial misappropriation and fraud. Today on NonProfit Ace, Chyla walks us through a fraud risk assessment, step by step, and what to include when developing one for your nonprofit.
Highlights
- Policies and Procedures Documentation
- Teaching Employees Appropriate Practices
- Board Member Accountability
- Defining Internal Controls for Organization
Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits. In this episode, we are examining what makes up a “fraud triangle”. We look at several factors that can lead someone to commit fraud, such as lack of internal controls, pressures both inside and outside the organization, and rationalizing whether the act of fraud is wrong. This is an informative episode that can help you determine if there are opportunities for financial wrongdoing in our organization. Tune in!
Highlights
- Opportunity for Fraud to Happen due to lack of internal controls
- Internal and external pressure from the organization
- People rationalizing potential wrongdoings
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Separating responsibilities amongst team members is an important step in preventing financially fraudulent situations and reduces the risk for the organization. Nonprofits need to have systems in place to prevent one person from becoming overwhelmed with their responsibilities and making mistakes. Creating this segregation can make quite the difference in preventing minor mistakes from becoming much larger ones.
Highlights
- Creating checks and balances to ensure accountability
- Logbooks and accounting systems for financial recording
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Welcome to a new season of the...drumroll please...NonProfit Ace podcast! Today, I give you guys an update on a few things surrounding the podcast, including why we have a new name. Tune into this episode for a quick update on what’s going on and a kickoff to the new season!
Connect with Chyla and CNRG Accounting Advisory:
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
Organizational risk in the nonprofit world is a huge issue every organization must prepare for and have policies in place to handle when it occurs. To say fraud will never happen in your organization is shortsighted, and having critical internal controls in place is essential to preventing chaos from erupting in case of an emergency. In this episode, Chyla talks about creating processes, procedures, and laws for your organization to make sure you are prepared to handle any financial risk that may come to your non-profit. Tune in!
Highlights:
- Determining your organization's internal controls
- Procedures and Processes for your organization
- Creating laws and rules to ensure organizational control
Resources:
- Learn more about internal controls HERE
- Learn more about financial reporting/statements HERE
Connect with Chyla and CNRG Accounting Advisory:
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- Take the Impact Basics course - https://cnrg-school.thinkific.com/courses/impact-basics
- Book a Strategy Session - https://calendly.com/cnrg/strategy
In this episode, we are looking at a New Orleans nonprofit who must answer questions on its financial makeup, regarding the services they provide, how they make money, and how much they have made. What makes the story even more interesting is that the founder of the nonprofit and the President of a for profit company that works with them are married, thus creating confusion and raising eyebrows into their financial standing. This also raises questions regarding potential conflict of interest and how funds are being allocated and spent with both organizations.
Connect with Chyla and CNRG Accounting Advisory:
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Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
This Week’s Story
- https://www.wdsu.com/article/wdsu-investigates-few-records-available-for-nyx-subsidiaries-travel-spending/33586507
Podcast Resources
-
https://www.cnrgaccountingadvisory.com/About/
-
https://nonprofitnuggets.podbean.com/
DIY 990
- https://www.cnrgaccountingadvisory.com/990/
This week, we turn our focus to Georgia, and the Companions for Heroes foundation that works to pair veterans with service animals. There had been inconsistency in the number of veterans and animals paired together, which has led to mistrust in the program and has led to an investigation. It is important to be consistent with the data your agency reports in order to maintain trust in the public and the community you are serving. This also calls for consistent data reporting from your organization’s accounting and communications department in order to provide transparency for all parties involved. Thanks for listening!
Connect with Chyla and CNRG Accounting Advisory:
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Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
This Week’s Story
- https://www.newsbreak.com/news/1613976621045/georgia-nonprofit-companions-for-heroes-under-state-investigation
Podcast Resources
-
https://www.cnrgaccountingadvisory.com/About/
-
https://nonprofitnuggets.podbean.com/
DIY 990
- https://www.cnrgaccountingadvisory.com/990/
This week, we highlight a story about the Mississippi Department of Human Services dispersing funds to organizations long after the retirement of a former director. It is not uncommon for the government to give funds to agencies to disperse to nonprofits.
However, it is important to establish milestones and deadlines in order to maintain control over how and when these funds are spent. It’s critical to outline expectations for these agencies up front in order to maintain authority and create accountability for all parties.
Connect with Chyla and CNRG Accounting Advisory:
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Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
This Week’s Story
- https://www.gwcommonwealth.com/news/html_c51fd892-cc8d-11ea-b875-5f472ce29a90.html
Podcast Resources
-
https://www.cnrgaccountingadvisory.com/About/
-
https://nonprofitnuggets.podbean.com/
DIY 990
- https://www.cnrgaccountingadvisory.com/990/
This week, we discuss how fiscal sponsorship can go wrong and damage an organization's reputation and financial standing if you select the wrong firm. Fiscal sponsorship is when an organization outsources their financial management to a third party. If you decide to employ an outside firm to handle your money, make sure you do your due diligence when selecting one. Hiring a firm capable of managing all your financial needs will help you prevent any hiccups down the road. It is imperative to interview several firms and not only those referred to you in order to find the best fit and ensure your finances are handled properly and soundly.
Thanks for tuning into this episode of the Nonprofit Nuggets Podcast! If you liked what you heard, please leave a review and share this episode!
Connect with Chyla and CNRG Accounting Advisory:
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Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
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Like us on Facebook: https://www.facebook.com/cnrgadvisory/
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Follow us on Twitter: https://twitter.com/cnrgadvisory
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Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
This Week’s Story
- https://baltimorebrew.com/2020/08/20/inspector-general-opens-investigation-into-strong-citys-handling-of-grantee-money/
Podcast Resources
-
https://www.cnrgaccountingadvisory.com/About/
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https://nonprofitnuggets.podbean.com/
DIY 990
- https://www.cnrgaccountingadvisory.com/990/
This season on Nonprofit Nuggets, we will focus on recent stories about various nonprofits missteps and how to avoid some of these mistakes.
In this episode, we head to Monterey County and discuss an embezzlement scandal of over $700,000 by founder and director of Central Coast Kids and Families, Lolita Garcia. While many of the employees overbuilt their work and could fraudulently alter timesheets and had too much financial leeway, the onus of keeping such activity in check falls on the board of directors. This speaks to the need for the board to build out a compensation committee in order to regulate salaries among staff.
There is also a need for performance evaluations for staff, and a conflict of interest documentation to keep everyone accountable and separate any business and personal interests.
Thanks for tuning into this episode of the Nonprofit Nuggets Podcast! If you liked what you heard, please leave a review and share this episode!
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follow us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
This Week’s Story
- https://sanfrancisco.cbslocal.com/2020/12/03/director-of-monterey-county-nonprofit-sentenced-for-embezzlement/
Podcast Resources
-
https://www.cnrgaccountingadvisory.com/About/
-
https://nonprofitnuggets.podbean.com/
Impact Basics
- https://cnrg-school.thinkific.com/courses/impact-basics
This season on Nonprofit Nuggets, we will focus on recent stories about various nonprofits missteps and how to avoid some of these mistakes.
On today’s episode, we are discussing a story out of Austin, TX around an accountant found guilty of stealing 1.3 million dollars from his organization. This Rodeo Austin accountant subsequently lost his accounting license and left his former employer in financial strife, as they used the proceeds from their annual Rodeo to fund scholarships and other community initiatives.
In order to prevent situations like this from occurring, it is of utmost importance to file consistent expense reports and audit those reports in order to track any suspicious spending. It is also important to limit access for employees to financial resources. This will also help corral any outlandish and curious spending and help keep all parties accountable.
Thanks for tuning into this episode of the Nonprofit Nuggets Podcast! If you liked what you heard, please leave a review and share this episode!
Podcast Resources
-
https://www.cnrgaccountingadvisory.com/About/
-
https://nonprofitnuggets.podbean.com/
Impact Basics
- https://cnrg-school.thinkific.com/courses/impact-basics
This Week’s Story
- https://www.kxan.com/news/former-rodeo-austin-accountant-pleads-guilty-to-theft-sentenced-to-probation/
This season on Nonprofit Nuggets, we will focus on recent stories about various nonprofits' missteps and how to avoid some of these mistakes.
In this episode of NNP, we discuss severance misappropriation from the Maryland Environmental Service.
A severe miscommunication between a former MES CEO, board members, and the Governor of Maryland has left all parties in a lurch, as they debate over who knew what regarding the severance payout arrangement that was (supposedly) in place. We highlight the importance of documentation in everything that you do in order to create a paper trail to hold all involved parties accountable and have enough proof to cover yourself in case there are questions.
Thanks for tuning in to this episode of the Nonprofit Nuggets Podcast! If you liked what you heard, please leave a review and share this episode!
Resources
-
https://www.cnrgaccountingadvisory.com/About/
-
Impact Basics Course: https://cnrg-school.thinkific.com/courses/impact-basics
- MES board members say they were told Hogan approved severance; governor has denied it - read the article here: https://www.washingtonpost.com/local/md-politics/roy-mcgrath-severance-inquiry/2020/08/24/943cb0ee-e63a-11ea-bc79-834454439a44_story.html
Connect with Chyla and CNRG Accounting Advisory:
- Follow us on Instagram: https://www.instagram.com/cnrgadvisory/
- Like us on Facebook: https://www.facebook.com/cnrgadvisory/
- Follwo us on Twitter: https://twitter.com/cnrgadvisory
- Connect with us on LinkedIn: https://www.linkedin.com/in/chyla-graham-cpa-94a30280/
Thanks for tuning into this episode of the Nonprofit Nuggets Podcast! If you liked what you heard, please leave a review and share.
This week we focus on an article about East Central Illinois Community Action Agency misusing federal grant funds. We offer several ways to remedy these problems to help your nonprofit avoid running afoul of the government. We highlight particular mistakes that they made and what you can do in your nonprofit to ensure you do not do the same. Tune in!
Highlights:
- Failure to adhere to submission guidelines
- Prioritizing financial management
- Importance of responding to correspondence in a timely fashion
- Exerting internal control
Resources:
- https://www.cnrgaccountingadvisory.com/About/
- Register for Ready, Set, Process
- Sign-up for Six Week Course: Impact Basics
- https://nonprofitnuggets.podbean.com/
- Link to Article: Feds: Nonprofit abused grant funding, failed to document expenses
This week, we focus on how small accounting errors can rock the foundation of your business. We focus on the importance of staffing your accounting department with proper and highly trained personnel in order to make sure there are no accounting snafus. Tune in!
Highlights
- Having Right People in Right Roles
- Reviewing accounting with internal and external sources
- Gaining appropriate accounting system for organization
- Proper training for system
- Reviewing and auditing work internally
Thanks for tuning into this episode of the Nonprofit Nuggets Podcast! If you liked what you heard, please leave a review and share this episode!
Resources
- https://www.cnrgaccountingadvisory.com/About/
- https://nonprofitnuggets.podbean.com/
- Register for Ready, Set, Process
- Link to Article: Scripps to pay $10 million to settle lawsuit tied to Jupiter whistleblower
(Compensation's Role in Hiring, Compensation in the New Year)
This season on Nonprofit Nuggets, we will be focusing on recent stories about various nonprofits missteps and how to avoid some of these mistakes.
Episode Summary
Compensation is a major topic within any industry, and nonprofits are no exception. Making your nonprofit competitive regarding wages is important to attracting key talent and can affect your funding and financial outlook. This week on Nonprofit Nuggets, we discuss recent news regarding compensation within nonprofits, and how to position your hiring strategies around certain principles. We review this and offer tips on how to avoid common mistakes. Tune in!
Highlights
- Balancing being mission-driven vs focusing on funding
- Understanding compensation’s role in acquiring talent
- Strategic Hiring
Thanks for tuning in to this episode of the Nonprofit Nuggets Podcast! If you liked what you heard, please leave a review and share this episode!
Resources
- https://www.cnrgaccountingadvisory.com/About/
- https://nonprofitnuggets.podbean.com/
- Register for Ready, Set, Process
- Link to Article: Manager Pay Level Drives Misreporting of Nonprofit Financial Performance
This interview series will be with Cherrise Wilks. Cherrise is a giver of information, guidance, counsel, and mercy, with a mission to serve others, to meet their sushi goals and find the resources they need. She's an experienced administrator with over 18 years in federal state, local government and nonprofit sectors. Ms. Wilks recently served as an emergency manager slash community development specialist, and formally as a hazard mitigation grant specialist for the US Department of Homeland Security, her firm has been successful in securing more than 77 million and managing 300 million in federal state and private grant contracts, loan tax credits, and sponsorships. Additionally, Ms. Wilks has directly managed local government budgets of 40 million in general operating funds and identified over 5.7 million local government operational costs. Ms. Wilks holds a BS in Family, Child and and Consumer Sciences from Florida State University and a Masters of Public Administration from the University of North Florida and professional credentials in community real estate development, contract management and grants management. Are you excited for our conversation?
Click here for the full transcript.
Cherrise shares what has changed her life with us behind the scenes. Listen in... I would probably say just recognizing that I can't do it all. So I now start out my day actively working on meditation and mindfulness to keep me still before the beginning of the morning, so that I'm poised to be successful during the rest of the day. Then I also just changed my environment, in terms of who I follow, what I read, what I listen to, the music that I listen to, that type of thing. It definitely has to have more positivity to it. Click here to read the full transcript.
The grants landscape has been changing for the past 12 years, and it's getting harder and harder, tougher and tougher to have people part ways with their money, so you need to focus on other ways to earn revenue into your organization through either fundraising or helping empower your participants to empower themselves or be a part of the organization or whatever the case may be.
To view the entire transcript, click here.
You need to build trust within the community. And so I would say for any organization, whether you're black, white, whatever the key is, is to talk to people, get to know and understand who they are, what motivates them, that type of thing, and truly build a relationship with them where you're actually interested in helping them and serving them. To view the entire transcript, click here.
If you were working with some other consultants, they may have what I like to call blinders and they know their niche. They may not be as well versed on looking at the organizational organization from a high level. And so that can sometimes lead you to end up having to hire additional people, to get all of the services and the things that you want. We tend to operate more on a full service basis. So I think that that's an added value. Click here to view the full transcript.
This interview series will be with Cherrise Wilks, a giver of information, guidance, counsel, and mercy, with a mission to serve others, to meet their sushi goals and find the resources they need.
She's an experienced administrator with over 18 years in federal state, local government and nonprofit sectors. Ms. Wilks recently served as an emergency manager slash community development specialist, and formally as a hazard mitigation grant specialist for the US Department of Homeland Security, her firm has been successful in securing more than 77 million and managing 300 million in federal state and private grant contracts, loan tax credits, and sponsorships. Additionally, Ms. Wilks has directly managed local government budgets of 40 million in general operating funds and identified over 5.7 million local government operational costs. Ms. Wilks holds a BS in Family, Child and and Consumer Sciences from Florida State University and a Masters of Public Administration from the University of North Florida and professional credentials in community real estate development, contract management and grants management. Are you excited for our conversation? Click here for the full transcript.
If your organization is not paying minimum wage to the executive director, what you're doing is creating an imbalance, and you're perpetuating inequities, because people can't work for free. Click here to read the full transcript.
The budget is truly a reflection of your mission and you should budget accordingly. In the past, I've worked with organizations who thought about the budget in terms of what can we get approved. That is not the way to think about the budget. Click here to view the entire transcript.
If you waited till budget season to create your budget then you are already too late. You waited too long because budget season is the most stressful time for most organizations. It is the time when people are just trying to figure out, well, how do we get this done? How do we come in under budget? Click here to read the full transcript.
Organizations all the time talk about doing a strategic plan and getting the board together and they're going to work through all the things that they want to do for the next couple of years. And honestly, in my opinion, that is a complete waste if you never take time to consider the costs. Click here to read the full transcript.
COVID has taught many of us quite a few lessons: good, bad, indifferent. One of the things that has come to the forefront for many of us is that even in the face of uncertainty, we need to put a plan together. I had a whole list of all the things I wanted to accomplish this year, and so many of them did not happen because they were related to travel or related to me being around other people. Click here to read the full transcript.
Welcome to this series with Rachel Miller-Bleich. Rachel is the CEO of MillerBleich Consulting, and they help nonprofits as well as professional associations do their governance work and make sure that they have a better understanding, a better grasp about what the governance body, be that the board or members of the management team, need to do to keep the organization running. Click here to read the full transcript.
Tune in as Rachel Miller-Bleisch shares her reccomendations on favorite podcasts and how to reach her. Click here to read the full transcript.
I'm a big proponent of be thoughtful about the agenda planning process. Don't just look in Robert's rules and say, "Oh, this is what an agenda is supposed to look like." You have a lot to work with when it comes to really thinking about how are we planning this time, which is, for most nonprofits, it's two to three hours of this space of time when the board has the ability to make really important decisions and take really important action. I think it's something that hopefully all organizations are taking very seriously because it should be taken seriously. To read the full transcript, click here.
I've been forced to really rethink a lot in terms of strategically, how am I trying to grow my business, promote my business, position it. And because I'm so new to consulting, it's certainly something that I'm constantly rethinking. I think one of the things I've especially had to learn recently is the necessity of rolling with the punches and being able to adopt a mindset of there's really no perfect way to do this, so I'm going to do what I can and trust that things can grow and evolve in ways. To read the full transcript, click here.
I wish more nonprofits understand and embrace the idea that governance matters. I think that particularly managing governance sometimes gets treated as either a side desk job or an afterthought, or it gets lumped in with another function. Click here to read the full transcript.
Behind the scenes governance doesn't look nice and pretty or sound fun, but it just makes things so much easier later down the road. Listen in as Rachel Miller-Bleich and I continue the nonprofit governance conversation. Click here to read the full transcript.
When you think about governance as really the strategic wheel of the organization, if that's not healthy and if you don't have the systems and processes in place, your organization is going to suffer for it. Click here to read the full transcript.
Full Interview with Amanda Wallander Roberts, CEO, Capacity Building Nonprofit. Click here for the full transcript.
Join us for the final conversation with Amanda Roberts Wallander as she shares her last two reccomendations for building capacity. Click here to read the full transcript.
Listen to the behind the scenes with Amanda Wallander Roberts as we discuss what it's like to be a business owner behind the scenes. Click here to read the full transcript.
Amanda Wallander Roberts walks us through why the logic model is a tool for a nonprofit organization that connects what we do with why we're doing it. What we're actually doing those activities to the outcomes we're anticipating. And based on that logic model, you can create an evaluation plan and really say, "Okay, for everything we think we're going to do, are we meeting those outcomes? Are we actually changing the communities in the way that we expected?" And then we can also evaluate are we implementing programs as planned? Read the full transcript by clicking here.
There's one thing all nonprofits should know, get the data and keep it simple. Read the full transcript by clicking here.
Interview with Amanda Wallander Roberts, Chief Consultant CEO & brain operator of Capacity Building Consulting. Click here to view the full transcript.
Welcome to season three of the Nonprofit Nuggets Podcast. This season is going to be about infrastructure and systems. You know, the things I love. I'll be talking to some friends and you get to hear their interviews spread out over time. Because as you know, we keep these things short and sweet, but for those of you who want a little bit more in depth, and you're like, I'd rather listen to them all at one time, head over to our website, we'll post those there. To view the full transcript, click here.
This is the final episode for the season, which was all about the IRS form 990 the information return for nonprofits. Throughout the season, I wanted to make sure you got a better understanding of the return and how it fits into the foundational pieces for a healthy nonprofits. To view the full transcript, click here.
This episode is about storytelling and why I prefer the IRS 990 compared to any other tax form. It's because it allows nonprofits to really highlight what they do and tell the story of what are some of your accomplishments of yours programs? This is a great time because if you remember in our episode about missions, I talked about your activities having an impact on a large community. This gets to be that time where you can talk about that, where you can say, Hey, we are now able to serve 500 people when we were only serving 250. This is when you can talk about those types of growth. Click here to view the full transcript.
This episode is specifically about the tools. So as you know, I think tools are, like you can't do it all in your head. So you need things outside of yourself to get your nonprofit going, to keep it sustainable, manageable, practical. And the 990 is one of those things. People underestimate what you can do with your 990. It is a tool. So because it is an information return, it is where a lot of funders are going to gain information about an organization, especially if you do not have your audited financial statements or any financial reports on your website. The 990 helps funders and helps outsiders understand what you're doing and it helps them compare you. I know I said last season we are not about comparison. We're not about competition, but comparisons are practical.
Click here to view the full transcript.
The IRS wants you to highlight what's happening at the organization. So there's also a part on the form where you can talk about your activities and how much you're spending in each of the activities. So you're not just talking about ooh these people made this much money, but you're going to be able to say, listen here, you know the work we said we do, that food bank that we run this is how much money we put into it. So when you are unclear about how you're spending money, when your finances on the back end, or your financial statements are just not in order, it makes it a lot harder to reflect those priorities. Click here to read the full transcript.
This season. I want you to get a better understanding of the return and how it fits into the foundational pieces for a healthy nonprofit.
Those pieces being your mission, your priorities, your tools and storytelling. Click here to read the full transcript.
This season is all about the IRS form 990, an informational return for nonprofits. I want you to have a better understanding of the return and how it fits into the foundational pieces for a healthy nonprofit. Those pieces being mission, priorities, tools and storytelling.
For that reason, this season is brought to you by my DIY 990 clinic, which will be on April 21st at 9am MT. This clinic is for those of you who want to plan on filing your own 990 but want access to a CPA while working on the form. It's also for you if you want to set aside 90 minutes to work on the form so that you can continue to do your work in the community. Be sure to check out the link in our transcripts to learn more. What is the IRS 990? It is an informational return telling the IRS what your organization is doing yet allows for standardization across nonprofits in general. The IRS 990 is due five months and 15 days after the year end. So if you have a December 31 year-end that means yours is going to be due May 15. You can definitely file an extension.
Click here to read the full transcript.
Something that I'm continuing to learn for myself, is you have to put it out there. If you have a nonprofit that you feel super overwhelmed with, one that you're like, "I don't even know if I should start this," start somewhere. Click here for the full transcript.
So here's part two about why your stories are important, and why the financials matter, and you should be looking at them. Click here for the full transcript.
We had a client who straight up lied to their board about the financials. So what happened was, they were not updating their financials, they were just like, "Yo, I know people paid us money. I think these numbers look good." And the board was just taking it. Click here to read the full transcript.
Today I want to talk with you about can a nonprofit make profit. Yes! While an organization might be called a nonprofit or a not for profit organization, it's not because you're not expecting to make any money. It's because that's not why you exist. Click here to read the full transcript.
This is another episode of me sharing a little bit more about tools that you can use. So a really good thing to have in place for your organizations are processes and procedures. This is important if something goes wrong. Click here to read the full transcript.
Today's episode is about my sharing some free tools that you can use to show your organization's impact. To read the full transcript, click here.
This is going to be another Q&A episode. This one was inspired by some questions I got from my purpose to platform sisters. One of the questions was, is there a list of questions you should ask yourself to decide on whether your new business should be a nonprofit or a for profit business? Click here for full transcript.
Your budget is not something you can throw together. That is what I see a lot is that either people are not putting enough thought into their budget or they're putting too much thought into their budget. So you need to be on a nice middle ground. Click here to read the full transcript.
You are special, your organization is special, your organization is different and even though there are organizations that are like you or similar to you, they are not you. So stop trying to fit their mold. Click here for the full transcript.
This is an FAQ session of questions that I typically get. I'll be providing answers to help your nonprofit thrive. Click here to view the entire transcript.
Some feel like, Oh my gosh, I can't talk to that organization or I can't share resources with that organization because we're going after the same donors. That is a lie. It is not a competition for donors. If you are clear about your mission, you don't need to compete with another organization for donors. To view the full transcript, click here.
Have you ever felt like you did not know where your organization was going, like you were completely on grounded, just like going through the motions, super overwhelmed and confused. It might be because you are not as clear about your mission as you could be. To view the full transcript, click here.
I decided to start this podcast because I want to help nonprofit leaders who feel overwhelmed. They're looking to reduce some of that anxiety around money and talk more about how they're making impact. And I wanted to show them the ways that they could do that. My goal is to reassure them that they are able to talk about their mission and they're able to talk about their priorities, their tools, and then they can tell their story.