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…

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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, our extensive experience with nonprofits of various sizes has allowed us to identify common pain points and…

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Chazin Roadshow and Learning Summit Recap: Phoenix Takes Flight!

https://youtu.be/J-cSrtSxOoo The 2024 Chazin Roadshow and Learning Summit in Phoenix, Arizona, provided attendees with valuable insights and opportunities for professional growth. Held at the vibrant Children’s Museum of Arizona, the event buzzed with energy and a shared passion for empowering nonprofits.    Highlighting Innovation and Impact  The Learning Summit portion proved to be an engaging knowledge…

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Love in the Ledger: 3 Nonprofit Accounting Tips to Woo Stakeholders This Valentine’s Day (and Every Day!)

For a nonprofit, your stakeholders are more than just donors, board members, or volunteers. They’re the lifeblood of your mission and the lovestruck supporters who champion your cause. Valentine’s Day is a celebration of love and connection, and what better time to reflect on the relationships you build with stakeholders? Just as in any healthy…

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Crafting an Effective Operating Reserve Policy: 5 Essential Guidelines

For nonprofits, it is essential to sustain a consistent cash flow to fulfill obligations. Establishing an operating reserve serves as a strategic measure, offering a safety net against unforeseen events that could temporarily impact cash flow. Here are five key practices to consider when developing your operating reserve policy, ensuring its effectiveness and availability when…

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Top 3 Resolutions Every Nonprofit Should Make This Year

As we welcome a new year, nonprofits are presented with an opportunity to reflect and set meaningful resolutions. These resolutions go beyond personal aspirations; they will fortify your organization. This year let’s focus on three critical areas that every nonprofit should prioritize for a stronger, more accountable, and transparent financial future. Resolution #1: Implement Robust…

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The Art of Giving and Receiving: How Accounting Can Facilitate Generosity and Gratitude in Faith-Based Organizations

Accounting is often seen as a dry and technical subject, devoid of spiritual or emotional significance. However, for many churches and faith-based organizations, accounting is not only a necessary tool for managing their finances, but also a way of expressing their faith and values. Accounting can be one important component in helping both churches and…

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Funding Faith: The Ultimate Playbook for Handling Faith-Based Contributions

In the realm of faith-based nonprofits, effective management of contributions is essential for sustaining the mission, growth, and impact of the organization. With a focus on maintaining transparency, accountability, and proper stewardship, faith-based organizations can navigate the complexities of financial management while fostering a strong sense of community. In this guide, we will delve into…

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How to Keep Your Sacred Space in Good Financial Shape: A Practical Guide to Maintenance, Upgrades, and Community Spaces

Faith-based buildings and properties are more than just physical structures. They are sacred spaces that serve as places of worship, community, connection, and spirituality for many people. However, maintaining and managing these spaces also requires financial planning and stewardship. In this blog post, we will explore some of the financial aspects of faith-based buildings and…

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