Why smart nonprofits (and their accountants) use AI where it helps, and not where it doesn’t The AI Wave Is Here … But Not Every Tool Is a Lifesaver There’s no denying that AI is making waves across every industry, including accounting. From flashy award wins to promises of fully automated processes, the pressure to…
High-profile foundations (especially those associated with celebrities and public figures) bring a unique blend of influence and responsibility to the philanthropic world. With wide reach and media attention, these organizations are well-positioned to make an outsized impact. But with fame comes additional layers of risk: increased scrutiny, public pressure, and a relentless spotlight that rarely…
Fundraising campaigns are essential lifelines for nonprofit organizations. They provide the funding necessary to carry out programs, pay staff, and deliver services that create lasting impact. But behind every successful campaign is something far less visible, and just as critical: financial tracking. Without solid processes in place to track the revenue raised and the expenses…
As another fiscal year wraps up, your nonprofit may find itself buried in reports, reconciliations, and audits. But FYE data is more than just something for your auditors or board to review; it’s a valuable tool for driving strategic growth and ensuring sustainability. Let’s take a closer look at what your data can reveal and…
For many nonprofits, a June 30 fiscal year-end means July kicks off not only a new reporting cycle, but a fresh opportunity to reflect, reset, and prepare for what’s ahead. Whether you’re breathing a sigh of relief or gearing up for an audit, now is the ideal time to close out the year thoughtfully. At…
By Chris Huntley, CFO & Advisory Solutions Manager at Chazin In April 2025, Federal Reserve Chairman Jerome Powell told the Economic Club of Chicago: “The…administration’s tariffs are significantly larger than anticipated. The same is likely to be true of the economic effects, which will include higher inflation and slower growth.” That small and between higher…
Navigating the financial landscape of a nonprofit can be tricky, which is why smart financial decisions are crucial to achieving your mission. Unfortunately, some pitfalls can derail even the most well-intentioned organizations. Let’s walk through some of them and more importantly, address how to avoid them. 1. Relying Too Heavily on One Source of Funding…
As we start the year with renewed clarity and vision, we recognize that data visualization is key to achieving nonprofit success. But there’s another crucial element that often gets overlooked—how we present the data that reflects our progress. Data is the backbone of any nonprofit’s operations, yet too often, it’s presented in a dry, impersonal…
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…
If you are approaching an annual audit or if you’ve had an annual audit, you’ve likely encountered the term “PBC.” But what exactly does it entail? To truly grasp the significance of an audit, it’s essential to redefine its purpose. Many organizations perceive audits solely as a means to generate financial statements. It’s not uncommon…
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