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. …
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…
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…
Nonprofit accounting is essential to your organization’s financial management and stability. Learn everything you need to know about it in this guide….
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…
A Board Member’s Guide to Investment Oversight This blog is part of our co-branded series "Collaborating for Impact" which brings together the expertise of Chazin and partners serving nonprofits to equip organizations with even more valuable resources and insights. This edition features content authored by eCIO. Making certain your organization has adequate financial resources is…
From animal shelters to food banks to healthcare organizations, nonprofits of all verticals need more than just monetary support. It takes a combination of tangible resources, intangible assets, and financial flexibility to drive your organization’s mission, which is why the in-kind donation is so powerful. In-kind donations play a pivotal role in supporting nonprofit missions…
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…
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…
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…
We’re waiving our onboarding fee! Our hands-on onboarding process includes a detailed kick-off meeting, weekly check-ins for 8-10 weeks, account setup, records review, audit-ready workbooks, and seamless transition to our Client Services Team.
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