NOW CFO

CFO | CONTROLLER | STAFF ACCOUNTANT

NON-PROFIT& NOT FOR
PROFIT ORGANIZATIONS

Long-Term, Scalable & Sustainable Global Impact

non-profit

NON-PROFIT VS NOT FOR PROFIT: WHAT IS THE DIFFERENCE?

Non-Profit Organizations
  • Non-Profit organizations operate explicitly for social benefit and public good.
  • Non-Profit employees may be paid salary, but income cannot come from company fundraising. Non-Profits may also hire volunteers, but they do not benefit from organizational income.
  • Any revenue exceeding operational expenses must be recommitted to organizational purposes.
  • Non-Profits can apply with governments to be tax-exempt.
  • Non-Profits are accountable to company shareholders, donors, volunteers, founders and the general public.
Not For Profit Organizations
  • Not For Profit organizations operate to pursue whatever objectives have been outlined by the founder(s). Organizational objectives are usually in support of niche demographics or social movements, more specific than “public good.”
  • Not For Profits are run by volunteers, not paid employees. NFP’s are usually founded by philanthropists who work pro bono.
  • Typically, smaller than their Non-Profit counterparts due to having a more specific mission or operating in support of a smaller demographic.
  • Not For Profit organizations may include charities, hospitals, religious groups, clubs, trade unions, welfare societies or sports clubs.
  • Not For Profits must follow strict guidelines on how donor money is spent.

HOW DOES NOW CFO HELP NONPROFITS?

Nonprofits are turning to outsourced accounting to achieve a long-term, scalable, and sustainable global impact. Not for profit organizations provide vital and fundamental resources that meet the needs of our communities. Driven by their purpose, they tend to focus less on their profit margins and more on their cause.

Focus On My Nonprofit’s Mission

NOW CFO is an expert in reviewing processes and helping internal accounting teams become better in their position. Streamlining financial processes which is key to achieving organizational goals – a more efficient workflow results in a more productive staff. With an outsourced solution, employees are no longer overwhelmed with managing their finances, allowing nonprofits to prioritize missions-focused tasks like keeping existing funders engaged, improving program development and delivery while planning for future growth.

  • Streamlined Financial Procedures
  • Reduced Stress On Employees
  • Prioritize Missions-Focused Tasks
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Contribute Nonprofit Sector Expertise

Using an outsourced agency removes the guesswork involved in nonprofit accounting. This will help stabilize the organization by improving operations, increasing transparency, and minimizing costs, along with providing access to the necessary skills and experience without the expense of a full-time employe.

  • Improved Operations
  • Experts In Internal Accounting
  • Wide Range Of Insights And Experience
Non profit

Provide Checks & Balances For Superior And Accurate Data

To deliver accurate financials, nonprofits are held to a higher standard. Accurate Financials play a crucial part in the operations and overall performance of managing a nonprofit’s future. Given the importance of adopting internal controls, many nonprofits opt for outsourcing their finance processes. Producing standardized practices and enabling the organization to obtain accurate data

Outsourcing your Nonprofit’s accounting saves money and time while providing insight on exactly where the money is being spent.

  • Accurate Financials
  • Planning For Future Growth
  • Insights Into Cashflow
Non profit

Create A Compelling Story With Financial Data

Nonprofits have a government-mandated obligation to prove their value. Inaccurate accounting results in inefficient processes and can significantly impact fundraising and government reporting. Donors and stakeholders are less likely to donate to a nonprofit that have unclear or inconsistent financial reports. If there are multiple findings during the review or audit, it will reflect poorly on the nonprofit and hinder its ability to raise funds or qualify for grants.

  • Efficient Processes
  • Increased Fundraising & Government Support
  • Insight Into Future Results
Non profit

CLIENT HIGHLIGHTS

Our nonprofit clients are happy and they don’t care who knows it

Habitat for Humanity

“The speed and efficiency in which
NOW CFO stepped in, got their arms around everything, and got us back on track was amazing and relieved me. Their professionalism and responsiveness are first class, and I cannot recommend them highly enough. They are absolutely top notch across the board. I could go on and on about NOW CFO.”

Tusculum Hills Baptist Church

“Because of NOW CFO consultant’s diligence, hardwork, and amazing financial reporting capabilities, we were able to get a $500,000 line of credit approved to help with our 2019 goals”

Billy's Place

“As a non-profit organization, keeping our financials in line are not only important for the obvious reasons, but also because it allows us to reach more grieving kids and adults in our community and to make a bigger impact. Happy to be working together.”

How it works?

Discover

We provide a FREE Consultation, where we learn all about your opportunities and the challenges we can help provide solutions for.

Match

We match you with a CFO, Controller or Staff Accountant whose skills best align with your needs and get started in as little as 48 hours.

Start

You choose the length and terms of your engagement. You have complete visibility into what your consultant is doing 24/7.

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