Posts Tagged: "nonprofit"

5 Financial Best Practices for Nonprofits
November 9, 2021
5 Financial Best Practices for Nonprofits

Staying on top of your organization’s finances is extremely important, especially in the nonprofit industry – where every penny goes towards achieving your mission. Not only are a nonprofit’s financial decisions scrutinized by the Board, but nonprofits are also under the microscope of the public. Chyla Graham, President of CNRG Accounting Advisory, says, “if nonprofits…

JMT Consulting and Vena as Life Saving Tools
October 28, 2021
JMT Consulting and Vena as Life Saving Tools

Tools to Navigate a Nonprofit Budget Process In the past few years, we, as a whole, have learned that there’s no excuse for working with outdated technology, especially when it comes to the process of budgeting. When we talk with nonprofits about their budget process, it’s usually accompanied by moans and groans about what an…

Generating Reliable Revenue for your Nonprofit
July 30, 2021
Generating Reliable Revenue for your Nonprofit

Optimize key sources of revenue for Nonprofits such as fees from programs, goods, or services, government grants, and investments with JMT.

Attributes of Grant-Winning Charities
July 27, 2021
Attributes of Grant-Winning Charities

Grants are usually awarded because the charity presents a set of intangible reasons that helped convince the foundation staff and board to make the commitment How often do we find ourselves feeling more than a touch of envy when we hear of another charity – much like our own – winning a grant? Followed by…

Nonprofit Passion and the Need to Digitally Transform
July 26, 2021
Nonprofit Passion and the Need to Digitally Transform

Nonprofit organizations need very strong fund accounting and grant management support I admit I am new to the technology world of nonprofits, having come from enterprise solutions in the manufacturing and supply chain world for multi-billion-dollar organizations. Though nonprofit organizations tend to be much smaller, that does not seem to make their needs for certain…

Can Nonprofits Make Money?
July 22, 2021
Can Nonprofits Make Money?

In order to function and truly be successful at reaching its goals, a nonprofit must conduct itself as a business, and yes, that means making money It’s a common misconception that nonprofits must end their fiscal year with a balance of zero dollars, or close to it, in order to make their mission successful and…

Technology Matters to Nonprofits: The Impact of Falling Behind the Technology Curve
October 29, 2019
Technology Matters to Nonprofits: The Impact of Falling Behind the Technology Curve

My wife was recently notified by our wireless provider that her smartphone will no longer be supported. A couple of years ago, when she needed a new cell phone, we made the decision to save some money by buying an older, but not obsolete, model phone. “There’s no reason to spend all that extra money…

Nonprofit CFOs Shape their Legacy by Defining and Communicating the Big Picture
October 15, 2019
Nonprofit CFOs Shape their Legacy by Defining and Communicating the Big Picture

You are the CFO of a nonprofit that’s focused on long-term mission fulfillment, financial sustainability, and organizational independence. How do you guarantee that your legacy is aligned with the organization’s long-term success? You may have thought that years of successfully ensuring your debits equaled your credits, that audits ran smoothly, and that financial reports were…

Blackbaud Financial Edge versus Community Brands MIP Fund Accounting
August 21, 2019
Blackbaud Financial Edge versus Community Brands MIP Fund Accounting

The number of ERP solutions suitable for nonprofit accounting is growing, and making a decision on which one to go with can be tough. The following is a hard-nosed look at two platforms that have been around for decades, but have managed to keep up with market demand in an increasingly competitive landscape. Before we…

Skating The Edge Between Risk and Reward at Your Nonprofit
March 5, 2019
Skating The Edge Between Risk and Reward at Your Nonprofit

Every nonprofit faces risk, but it doesn’t have to be a liability. Learn to take a holistic view of risk and use the unexpected to your advantage. What if your funding was cut by half overnight? It might sound impossible, but given the precarious financial situation most nonprofits face, it’s a very real risk. You…

It’s an Open Book: How Nonprofits Can Achieve Financial Transparency
August 7, 2018
It’s an Open Book: How Nonprofits Can Achieve Financial Transparency

All charities differ in their missions, but all are alike in one important way—to succeed, they must practice financial transparency and accountability.  In fact, Charity Navigator, the nation’s largest and most-utilized evaluator of charities, uses these values as key criteria in rating nonprofits. Charity Navigator defines transparency as “an obligation or willingness by a charity…

Adaptive Acquisition Update: A Letter from JMT
June 13, 2018
Adaptive Acquisition Update: A Letter from JMT

Like many of you, we too learned yesterday about the acquisition of Adaptive Insights Inc. by Workday Inc. Here at JMT, an event such as this is a reminder of the fluidity of the fast-paced world we live in today and of the importance for us to remain focused on JMT’s mission, to do all…

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