Jackie McLaughlin, CPA Quality Control and Learning Manager at Chazin and Company, discusses the accounting and financial questions that nonprofit board members should be asking. Jackie elaborates on the importance of active board engagement and the need for board members to ask questions. She begins with a brief story about the Enron collapse to highlight the consequences of not asking important financial questions. With questioning from Julia Patrick, Jackie discuss the concept of fiduciar...

In this segment of Counting On Chazin, Michelle Philo, CPA and Director of New Client Experiences and Technical Services focuses on aligning nonprofit strategic plans with budgets, a crucial aspect that is often overlooked, yet is needed to ensure the financial feasibility of initiatives and programs. Michelle begins with explaining how fundraising is directly linked to the cost of implementing new initiatives or expanding existing ones. She highlights the need to determine the costs a...

In this episode of "Counting On Chazin," Chris Bavolack, the Director of Finance and Operations at Chazin and Company, discusses the high-level role of nonprofit boards and the challenges associated with understanding and fulfilling these roles. Chris explains that while everyone involved in nonprofits is passionate about their mission, it's crucial to view the board, staff, and volunteers as a team with defined roles. Just as in sports, each player has a role to play, and if everyone fulfil...

In this episode of Counting On Chazin, Maria Injic, the US Director of Client Services at Chazin and Company, shares her expertise on basic accounting for nonprofits with Julia Patrick, from the American Nonprofit Academy. The interview highlights the significance of financial management and accounting principles for nonprofits and emphasizes the role of board members in understanding and reviewing financial statements to make informed decisions and fulfill their fiduciary responsibilit...

Chazin and Company CPA, Jackie McLaughlin, provides insights into the importance of gift acceptance policies, the challenges of valuing non-cash donations, and the need for thoughtful decision-making in the nonprofit sector. The conversation begins with a look at whether nonprofits should accept all bequests and gifts. Jackie shares an example of a nonprofit that accepted all donations and what occurred over time. She emphasizes that nonprofits should have a gift acceptance policy...

We explore the who, what, and why of nonprofit budgeting in this fast paced episode from CPA Martha Huelsbeck. www.ChazinAndCompany.com At Chazin & Company accounting is our business, but nonprofits are our passion. This passion, coupled with years of practical experience, has made Chazin & Company a premier provider of virtual accounting and finance solutions for nonprofit organizations across the country. What is “mission-driven accounting?” It’s simple—your mission dri...

From GAAP to Form 990, this episode will help you understand the key compliance issues for stakeholders, donors, and board actions. www.ChazinAndCompany.com At Chazin & Company accounting is our business, but nonprofits are our passion. This passion, coupled with years of practical experience, has made Chazin & Company a premier provider of virtual accounting and finance solutions for nonprofit organizations across the country. What is “mission-driven accounting?” It’s si...

Grant reporting can be a complicated process required by your funders. With the help of our Accounting Implementation Manager, Michelle Jilek, we share how to understand and simplify a reporting system. www.ChazinAndCompany.com At Chazin & Company accounting is our business, but nonprofits are our passion. This passion, coupled with years of practical experience, has made Chazin & Company a premier provider of virtual accounting and finance solutions for nonprofit organiz...

The strings often attached to funding from donors and grantors can be arduous to deal with. Martha Huelsbeck, CPA shares the in's and out's of preparing for and managing pledges and grants that have constraints of use. www.ChazinAndCompany.com At Chazin & Company accounting is our business, but nonprofits are our passion. This passion, coupled with years of practical experience, has made Chazin & Company a premier provider of virtual accounting and finance solutions for nonprofi...

NICRA stands for Negotiated Indirect Cost Rate Agreement and may be a valuable financial tool for any nonprofit organization that receives grant funding. Our own Martha Huelsbeck, CPA gives insight as to how it all works. www.ChazinAndCompany.com At Chazin & Company accounting is our business, but nonprofits are our passion. This passion, coupled with years of practical experience, has made Chazin & Company a premier provider of virtual accounting and finance solutions for nonp...