For this year’s retreat, we put our spreadsheets away and headed to the state where everything’s bigger: TEXAS! After countless online meetings, gathering face-to-face was a breath of fresh air (even if the Texas heat had us sweatin’ like a glass of sweet tea in August). Team members traveled in from every corner of the…
The Role of Accounting in Nonprofit Investment Strategy: What We Can and Can’t Do
Whether building endowments, funding specific projects, or growing reserves, investments can significantly impact a nonprofit’s financial health. However, managing these investments requires careful coordination between accountants, investment advisors, and investment committees. Sometimes it can be tricky to keep this all straight, so let’s explore the distinct roles of nonprofit accountants and investment advisors in investment…
Tales from the Nonprofit Accounting Crypt: 2024 Halloween Special
As the fog rolls in and shadows lengthen across the books, we beckon you to gather ‘round for a night of financial fright. In this chilling collection of tales, we’ll peel back the cobwebs on some of the most terrifying trials faced by nonprofits—where unchecked ledgers, runaway expenses, and haunted software conversions lead to unspeakable…
Understanding Your Fiduciary Responsibility: Protecting Your Nonprofit and Its Mission
Being a fiduciary is one of the most critical roles a nonprofit leader can undertake. Unfortunately, it’s not always easy to understand. Whether you’re a board member, executive director, or another nonprofit decision maker, you may have found yourself unsure about what this role entails. You’re not alone; many nonprofit leaders feel the same way….
Employee Spotlight: Latasha Askew
Employee Spotlight is a blog series meant to offer an inside look at our company culture and, most importantly, highlight the talented individuals who help make our company special. From accountants and software implementation specialists to operations, marketing, and HR professionals, get to know the people behind Chazin & Company. Today, we are getting…
What Should Be Included in a Nonprofit Risk Assessment?
Picture this: A well-established nonprofit organization—let’s call them “Hope for All”—was thriving in its mission to provide education and resources to underserved communities. However, last year brought a series of unexpected challenges that threw them off course. A sudden cyber-attack compromised their donor database, halting their operations. Soon after, a large donor unexpectedly pulled their…
Key Audit Challenges and Solutions for your Midsize to Large Nonprofit
Audits can be a daunting process for any organization, but medium-sized nonprofits face unique challenges. Ensuring financial integrity and transparency is crucial, not only for compliance but also for maintaining donor trust and securing future funding. At Chazin & Company, our extensive experience with nonprofits of various sizes has allowed us to identify common pain…
Nonprofit Accounting: How to Navigate the Basics and Beyond
Nonprofit accounting is essential to your organization’s financial management and stability. Learn everything you need to know about it in this guide….
Employee Spotlight: Kathleen Macey
Employee Spotlight is a blog series meant to offer an inside look at our company culture and, most importantly, highlight the talented individuals who help make our company special. From accountants and software implementation specialists to operations, marketing, and HR professionals, get to know the people behind Chazin & Company. Today, we are getting…
Top 5 Reasons to Consider a PEO
Empowering Nonprofits: Mastering the PEO Partnership This blog is part of our co-branded series “Collaborating for Impact” which brings together the expertise of Chazin & Company and partners serving nonprofits to equip organizations with even more valuable resources and insights. Top 5 Reasons to Consider a PEO Nonprofits strive to maximize their impact despite tight…