In Pursuit of Profit
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As a nonprofit we want to save as much money as possible because the donors expect their money to go to the cause, not admin expenses. We also have to meet the requirements to be in compliance with all applicable standards and regulations, so we know it’s an area worthy of investing funds.
This conversation expresses the quandary that nonprofit organizations deal with every day – they understand the importance of good financial management, but they also realize that getting funding to invest more in this area is going to be an uphill battle. As a result, they need a cost-effective way to hire a nonprofit accountant or find accounting services on a budget.
A guest post from Jen Girard at CFO Selections
We get this request all the time. A small non-profit needs to hire a new Finance Manager. Sometimes they call this person a CFO or Controller, but whatever the title, the role is a Superhero who wears multiple costumes and does it all!
How do you find (and afford) this person? Find out how other non-profits are doing it:
As head of CFO Selections corporate philanthropy initiatives, the question I get most often, especially now at budget time, from other company executives is, “What is the right amount of money to budget for donations?”