Nonprofit Management Consulting
Optimize Q4 Budget Planning
In this article: During the fourth quarter, it is critical that organizations evaluate financial performance, finalize plans, and set priorities for the year ahead. It is a time to refine budgets, align strategies with goals, and prepare for challenges while building a foundation for success. The Q4 budgeting process ensures resources are allocated effectively, key […]
Cost Center Coding Strategies for Effective Grant Reporting
For complex human and social services providers, managing grants and ensuring compliance can often feel like navigating a labyrinth. One effective strategy to simplify this process is through cost center coding. AAFCPAs provides the following detailed guidance on how to leverage cost center coding to streamline grant reporting and maintain compliance. Design Your Cost Centers […]
Seminar Recap: Exploring Nonprofit Collaborations, Mergers, Affiliations, and More
During AAFCPAs’ recent Nonprofit Seminar (April 2024), Joshua England, LLM, Esq. and Chris Consoletti, Esq. updated approximately 400 attendees on nuances related to nonprofit collaborations, mergers, and affiliations. The full session was recorded and may be viewed as a webcast at your convenience. >> Now, more than ever, nonprofits need to explore collaborations, both formal […]
Exploring Nonprofit Collaborations, Mergers, Affiliations, and More 2024
Exploring Nonprofit Collaborations, Mergers, Affiliations, and More | Webinar OnDemand Watch AAFCPAs’ Tax Consulting Attorneys for an insightful look into various forms of nonprofit collaborations spanning informal information-sharing through formal affiliation agreements and strategic partnerships. Hear in-depth analysis on nonprofit mergers and acquisitions, 501(c)(3) and 501(c)(4) affiliation considerations, advantages of tandem for-profit structures, and benefits […]
Continuous Improvement of the Finance Function: Accept the Things You Cannot Change… But Change the Things You Can!
Listen to Podcasts: The most thriving nonprofits are those that have a continuous improvement culture. Continuous improvement ensures systems and processes scale with growth; systems integration and integrity is maintained or improved; highly-manual processes and lengthy/overburdened close cycles are eliminated; and meaningful data is available on-demand for decision-making. In this informative session, members of […]
AAFCPAs Managed Accounting Solutions Practice Recommends Three Strategic Budgets for Nonprofits
It can be tempting for finance teams and executive leadership of nonprofits to focus mostly on near-term strategy. However, in order to ensure sustainability, AAFCPAs advises nonprofits to broaden the scope of their financial planning process to address the challenges of the current economic and funding landscape, and to ensure sustainability in the long-term. We […]
AAFCPAs & MENTOR’s Partnership in Charting a Sustainable Future
How Did One Nonprofit Explore Creative Approaches to a Sustainable Model? For nonprofits, charting the future is complex. The search for creative, strategic approaches to sustainability is continuous, and many organizations have struggled to achieve long term, mission-aligned profitability. In its work with MENTOR: The National Mentoring Partnership, AAFCPAs evaluated the organization’s financial and operational […]
AAFCPAs to Present on Strategic Budgeting for Association Executives
AAFCPAs’ Jeffrey Cicolini, CPA, CGMA will present an educational workshop titled “Rethinking Your Budget – Leading a More Comprehensive Financial Planning Process.” This session is part of the New England Society of Association Executive’s (NE/SAE) Annual Management Conference, scheduled for January 18-19, 2018, in Newton, MA. This presentation will provide insight to association executive management […]
Ensuring Sustainability Means Nonprofits Need to Act Now
MassNonprofit News | Although nonprofits cannot control market forces and potential changes in funding, they can take steps to ensure sustainability and greater capacity by broadening the scope of their financial planning process. AAFCPAs Jeffrey Cicolini, CPA, CGMA provides actionable insights to help nonprofits ensure long-term sustainability.