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SPOTLIGHT: Inside 2025’s Boldest Shifts in the Nonprofit Sector
Unlocking Potential – A Closer Look at Private Operating Foundations
PKF O’CONNOR DAVIES: A private operating foundation is a sub-classification of a private foundation. Unlike a private non-operating foundation, a private operating foundation utilizes its resources to actively conduct its own mission-related exempt activities. Common examples of private operating foundations include museums, performing art centers, artist-endowed foundations, zoos, medical research facilities, libraries and environmental or archeological sites. But how and why, exactly, would a foundation pursue operating foundation classification? Let's dive into the requirements for classification and other key considerations.…
Enhancing Nonprofit Operations: Utilizing External Expertise to Boost Efficiency & Reduce Risk
ANCHIN ACCOUNTANTS & ADVISORS: As nonprofit organizations navigate the evolving challenges of 2025, strategic approaches are essential for optimizing operations and reducing risk. Balancing mission-focused objectives with limited resources, regulatory demands, and operational complexities requires thoughtful planning and the smart use of external support. By leveraging solutions such as operational reviews, outsourced accounting, and advanced technology like artificial intelligence, nonprofits can improve efficiency, enhance decision-making, and better align resources with their mission. These strategies empower organizations to strengthen internal processes, reduce exposure to risk, and amplify their impact on the communities they serve.…
The Risk You Can’t Afford to Ignore – The Consequences of Operating Without an Internal Audit Function
In today’s complex regulatory and financial landscape, the Internal Audit (IA) function is not a luxury but a necessity. Internal auditing's primary objective is to provide independent and objective assurance that an organization’s risk management, governance, and internal control processes are operating effectively. Most organizations think they have this covered…
Budgeting for Nonprofits: Planning for Impact, Allocating with Purpose
Budgeting is more than numbers on a spreadsheet—it’s a strategic process that empowers nonprofits to turn vision into reality. A well-crafted budget is not just about balancing income and expenses; it’s about aligning financial resources with your mission, maintaining transparency, and enabling your organization to deliver meaningful impact to the…
Nonprofits Must Strengthen Resilience to Navigate Federal Funding Uncertainty
The nonprofit sector stands at a critical crossroads. Federal funding, which has served as a bedrock for many organizations across diverse mission areas, faces an uncertain future. Recent Congressional budget negotiations, changing administration priorities and shifting political landscapes have created what many nonprofit financial leaders are describing as a "flux"…
The Truth About 501(c)(3)s: Debunking the Top Non-Profit Myths of 2025
Understanding the financial nuances in the non-profit sector can be complex, especially for small and mid-sized organizations that may not have dedicated financial staff. Below are key aspects and common misconceptions to…
Shaping the Future of Safety: Overcoming Challenges and Driving Innovation in the Nonprofit Sector
In the ever-evolving nonprofit landscape, organizations are facing mounting challenges—from donor fatigue and rising operational costs to workforce burnout and increasing demand for services. Yet with these challenges come opportunities for innovation,…
Turn Unexpected Donations into Impact: Proven Best Practices for Nonprofits
“We just had a last-minute event cancellation,” the caterer shares. “We’ve got a dinner prepared for 75 people, but it won’t last until our next event. Could you use it?” This kind…
Nonprofit Fiscal Challenges – “Past Performance is No Guarantee of Future Results”
Nonprofits have their antennas up as headlines appear on an almost daily basis: Government Funding Cuts Put Nonprofits at Risk Across the Nation; S&P 500 Drops 4.6% in First Quarter of 2025;…
Rising to the Challenge – Drive Change with Strategic Advocacy
The concerns regarding the freeze on federal funding for nonprofits and the overall financial health of the sector are pressing issues that deserve comprehensive examination and responsive action. The nonprofit industry is…
Resilience in Action: Holistic Risk Management, Financial Strength, and Lasting Impact
History teaches us that nonprofits flourish not just by enduring challenges, but by embracing innovation, diversifying revenue streams, and deepening community engagement. In today’s environment, nonprofit finance executives are uniquely positioned to…
CFO & Leadership Catalyst
The Long Game: Rory McIlroy, the Masters, and What Endurance Reveals About Leadership
In a world where patience often feels like a liability, Rory McIlroy offers a masterclass in what long-term commitment can actually achieve. The story is not about a single putt, a single round, or a single moment. It is about the full span of time, the years in the making, and the pressure that compounds when greatness is expected but not yet achieved. For more than a decade, McIlroy has stood near the summit of professional golf. He has held trophies from every major except one. Year after year, the question resurfaced. Could he complete the career Grand Slam with…
The Glass Cannon: Leading When Strength Is Fragile
Recently, I posted about the concept of a “glass cannon.” It’s a term borrowed from gaming, used to describe a character that delivers massive damage but has almost no defense. It’s powerful, yes, but fragile. High output. Low durability. Deadly, but vulnerable. I didn’t expect it to resonate the way…
The Game-Changing Power of a CFO with Business Development Skills: Bridging Finance and Strategic Growth
Traditionally, the CFO’s role has been centered around core financial responsibilities such as reporting, budgeting, forecasting, cash flow management, and ensuring regulatory compliance. While these responsibilities remain crucial, today’s CFOs are stepping into a more strategic, forward-thinking role that drives business development, fosters growth, and fuels innovation. This article explores…
Every CFO Falls into One of Two Camps
1. The Defensive CFO This CFO sees change as a threat. They stick to old objections: They view AI as a risk to be managed, not an advantage to be leveraged. Meanwhile, AI-driven finance teams move faster, cut costs, and gain deeper insights. But history is clear skeptics always fall…
Beyond Spreadsheets: AI-Driven Budgeting
In the evolving landscape of finance, artificial intelligence (AI) is no longer a distant concept—it’s becoming a critical tool for staying ahead. Anna Tiomina, founder of Blend to Balance and a recognized…
Mastering the AI Revolution: A Financial Executive’s Guide
Dr. Paritosh Basu, shared insights from his extensive career in finance during a recent talk with…
Harnessing the Power of AI
In a recent session with The Financial Executives Networking Group, CFOs, Controllers, and Treasurers convened for…
Driving Innovation in Finance: Keys to Successful Digital Transformation
John Hetherington, esteemed technology strategist and international speaker, recently delivered an insightful presentation to The Financial…
Enhancing Efficiency and Accuracy–The Case for Using Automation in your Accounting Department
The speed of evolution of technology has combined with unprecedented cultural and social phenomena since the…
ERP is Becoming Obsolete: Why the Future Belongs to Composable Integration Platforms Powered by AI
For decades, Enterprise Resource Planning (ERP) systems have been at the core of business operations, providing…
Immersive Technologies: Charting the Future of Manufacturing
At the recent meeting of The Financial Executives Networking Group‘s Manufacturing Special Interest Group, Markus Rimmele,…
The Future of Treasury Management Systems and its Role in Cash Forecasting
In the beginning, the bank account was created. As companies grew, they started using many accounts at many banks. To manage/ account for this valuable asset (i.e., cash), companies relied on general ledgers and a financial close process to provide the information that their cash was “safe” and being used for the appropriate corporate purpose.…
Strengthening CMO-CFO Collaboration
In an important session of The Financial Executives Networking Group (FENG), two notable thought leaders, Mark…
Taking A Closer Look at Fractional CFO Services in LATAM
The Fractional CFO, a relatively new concept in the world of finance, has been gaining popularity…
Acing the Financial Game in Manufacturing
At a recent gathering of the Manufacturing Special Interest Group (SIG) of The Financial Executives Networking…
Professional Development
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