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…
At Chazin, we know that early-stage nonprofits face a unique set of challenges and that they need more than just outsourced accounting. That’s why we created NFP SmartStart, a specialized offering designed for newly founded organizations or those operating with budgets under $500K annually. NFP SmartStart is an all-in-one solution tailored for emerging nonprofits that…
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…
In a world where trust and accountability are paramount, nonprofits find themselves facing a unique challenge. They must establish credibility and build relationships with donors, supporters, and the public, all while navigating the complex terrain of financial management. One key strategy that can help these organizations thrive is financial transparency. In this concluding piece of…
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…
In the realm of nonprofit organizations, the annual “tax” return requirement might raise questions, especially when tax-exempt status is in place. This piece of our series, “Stepping Stones: Paving the Path to Nonprofit Financial Success,” delves into the pivotal role of filing tax returns and highlights key motivations for nonprofits to engage in this practice….
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