5 Things About Accounting that They Don’t Teach You in School

If you’re anything like me, you were probably up and running in the wide world of accounting before the ink was even dry on your qualification. I remember being thoroughly excited about entering the realm of small business, where I could use numbers and the latest technologies to help my clients’ companies perform better. After all, when you come from a family of accountants, why wouldn’t you expect things to be a cinch.

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Charitable Giving Resource Center

Charitable Giving Resource Center believes that helping nonprofits become more businesslike will result in more benefits for those whom they seek to serve. Now in our ninth year, we are helping a wide variety of charities fulfill their purposes by providing custom-tailored coaching, fundraising education, and comprehensive organizational services designed to meet the specific needs of each client. We provide strategic advice and services to help philanthropic organizations and individuals magnify the impact of their resources and stewardship to achieve their goals.

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Nonprofit Management

6 Tips for Virtual Peer-to-Peer Fundraising

Article | July 15, 2022

As our world continues to be reshaped by the effects of COVID-19, nonprofits are looking for new ways to engage in online and virtual fundraising to support their revenue. This comes as a record number of organizations have lept into the peer-to-peer fundraising world in record numbers. Social media and do-it-yourself fundraising (where people can organize their own fundraising campaign for their favorite charity) make it easier and more attractive to people.

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Nonprofit Management

Nonprofit Cloud Spring 2020 Release: Accounting Subledger Deep Dive

Article | July 28, 2022

As a follow-up to last week’s blog on Salesforce Nonprofit Cloud Spring 2020 Release features, we’re jumping into a deep dive of the Accounting Subledger product – the connection between fundraising and finance that will help you reconcile data and have consistency and transparency across accounting and fundraising operations.

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Nonprofit Management

The Power of Film for Philanthropy

Article | July 11, 2022

Having worked in Hollywood for most of my career, it will come as no surprise to anyone that I champion the power of film for storytelling. However, as my life has headed down a different route, one of philanthropy and charity work, it has become increasingly apparent that the role of film in philanthropy is a crucial one and one that should never be underestimated. Unless they see something with their own eyes, people can find it hard to translate what they read on a page into reality. This is where the power of film for philanthropy comes in. By showing people the facts of a situation, you bring that into their lives, and you pique their interest. You create a connection between the viewer and the charity so that connection can be built upon to gain more support. I had seen this connection first-hand recently when I helped make videos for the 'Children of War Foundation' that highlighted the stories of the refugee students at COWF's School of Dreams. At that point, I had numerous friends who contacted me, saying how they were moved by the content and how they immediately donated after seeing these stories. Philanthropy depends on sharing our experiences, both good and bad, in order to share struggles and achievements. By filming on-the-ground in war zones, or gaining access to share footage of sensitive situations, we can reach people and make them aware of what is happening, and how they can help. Using video footage, a charity or a campaign can amplify their message and support 1,000-fold. It has been proved that donations increase once a video appears on a website or on a social media platform showing the suffering it is trying to help. Having worked on a Facebook/Instagram show, I have learned the importance of content being "shareable" and the massive amount of impact and views content can have if it is. Let me explain a little about why I have come to these conclusions and what drives me. Through film, I can address and contribute solutions to broader world issues; that is my purpose and ambition now. I know how to create films in a way that inspires people and drives them to action. Unfortunately, many non-profits don't know how to utilize storytelling through film, so if I see a way that I can use media to help their cause, I will offer my expertise free of charge, and urge philanthropists, in general, to investigate how they can use film to share their message. One recent example is when I was invited just this past week at the Cannes Film Festival to watch and speak at a round-table discussion for multiple short-form videos made by the UN Refugee Agency (UNHCR), showcasing the various stories of refugees they have worked with. It was clear to me and others attending how important the messages of this content were, and it sparked a big discussion of how to further this kind of impact by sharing refugee stories in a way that is compelling and understandable to a wider audience. Images Need to Have Impact And now to the Children of War foundation (COWF), which has taught me so much about philanthropy and how charities work. I have traveled to regions from Jordan to Navajo Nation to document the foundation's work so that they can promote it on their website, in the media, and on their social media platforms. Most recently, I traveled for COWF to Ukraine to deliver medical supplies to two hospitals. Traveling through warzones with both active bombings and absolute destruction from past attacks, I saw things I never thought I would encounter. It was both the most rewarding and terrifying experience of my life, but it was essential. By making that journey and shooting footage of the realities of war, I am helping share the work and mission of COWF and in turn, that of so many charities risking lives to help the innocent civilians caught up in this and other atrocities around the world. Having traveled to and filmed in refugee camps, most recently to Jordan with my daughters Sophia and Georgia last winter, I know first-hand the impact of war on children. But I have also seen how my films have brought about awareness and support from a greater audience for the charities I help, and this is where my commitment lies. The images we see of the refugee crises around the world are not impactful enough. We need to show the harsher images so that the world grasps the severity of the situation and the everyday human toils, while also understanding that people are people, and making that connection to close the gap of the too well-shared idea of "us and them" when it should be just "us." Clearly, women and children are often the most hard-hit in these wars, but unfortunately, they are also the most overlooked. Because of this, I am a strong proponent of showcasing their stories specifically but also pushing the idea of sustainable aid. The average refugee is displaced for 15-20 years, which is the entire childhood for kids who were displaced at a younger age, making it all the more important to ensure they have access to education and opportunities wherever they are. When sharing this information and pushing for sustainability, helps to educate a greater audience and break the cycles of giving short-term aid that often may not solve the real root issues. Of late, I have frequently said that the Ukraine war is the first TikTok war - the first whereby imagery of those involved on-ground is shared as much as that filmed by mainstream media. This is good; it is getting the horrors of war out there for all to see directly. While this information is often brutally honest, by being subjected to these images, we are given the truth of the situation and often compelled to help. Cinematography is prompting philanthropic action. I find it hard to take any positives from the current global situation. However, in such scenarios, ordinary people like you and I have often responded to the call to action and explored ways to help in the past. So how do philanthropists and charities go about using film for good? They need to know how to make content, whether as a short film, an Instagram video, etc., in a way that inspires people. Many non-profits don't know how to use storytelling, but if they can recruit those who do, it could be of great help. Especially if done with respect for the organization's work and wanting to share its story rather than sensationalize it. If this can become a movement, we can see the real impact of film-making in philanthropy.

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Nonprofit Management

7 Reasons to Invest in a Volunteer Program

Article | May 20, 2022

Volunteers are the lifeblood of any nonprofit. Your services, fundraising campaigns, and even day-to-day operations of your nonprofit can depend on volunteers. An estimated 30 percent of Americans or 77.9 million people reported they volunteered for an organization or association.” AmeriCorps published survey So, if people want to volunteer, the key to garner willing volunteers is to: Communicate your needs Share your “why” Make it easy While all nonprofits know they need volunteers, investing time and energy into building a program can naturally fall by the wayside. As you look to recruit and retain volunteers, a best practice is to put a strategic volunteer program in place. You may be asking, “What’s the benefit to me, the nonprofit?” Let’s dive into it! First, let’s start with the basics — what are the top reasons to invest in a volunteer program? We’ve got you covered. A dynamic volunteer program: Creates ambassadors for your mission. Volunteers spread the word in your community and increase your community engagement. They can advocate for you with their friends, family, and local and state legislatures. Provide your volunteers with messaging so they can share their “why” on social media and by word of mouth. One pro tip shared by Points of Light is to provide a digital badge to add to your volunteer leaders’ email signatures. Develops new funding sources. The line between a volunteer and donor should be fluid, not separate. A 2014 study by Fidelity Charitable found that 83% of volunteers report supporting the same nonprofits with their donations. Don’t silo your volunteers and your donors! Reduces your operating costs. According to the Independent Sector, the value of a volunteer hour was estimated at $28.54 in 2020. Since payroll is often the largest expense for a nonprofit, volunteers provide essential support to your cause with minimal costs to you. Increases the quantity and quality of your programs and services. It’s a win-win situation for professional development and your lengthy project list! That list will be met by an eager, talented volunteer, and your volunteer will improve their professional skills at the same time. Maximizes your limited staff resources. We’re sure there’s been a few items on your wish list that you’d love to check off if you had more resources, like being open on holidays or offering more services to your community. Volunteers can fill in those gaps! Maybe they are looking for ways to give back over a holiday, or they may have the connections to develop a new service opportunity for you. Increases your diversity and brings in new ideas. Although your nonprofit may always strive to diversify or get out of the “we’ve always done it this way” rut, you may not meet the potential of those goals with your staff. Volunteers can provide unique perspectives, different experiences, and even that spark of excitement that comes with a new idea. Minimizes volunteer turnover.Just like staff onboarding, volunteer onboarding takes time and money. If you recruit and onboard well with easy-to-access opportunity matching, training, and tracking mechanisms in place, your volunteers will be well on their way to a successful experience. Build on that by learning more about your volunteers’ interests and skills, and they will feel seen and appreciated. An upfront investment will pay off in years of dedicated service. Are you convinced? If so, it’s time to take the next step of how to start putting a volunteer program into place. Then you can scale your volunteering as your nonprofit grows! Here are our 5 fundraiser-approved steps to developing a bullet-proof volunteer program. Step 1: Quantify your current volunteer impact. Gather data on number of volunteers, hours and skills contributed. Measure the return on investment (ROI) including your program cost and total estimated volunteer value (# of volunteer hours x est. volunteer wage per hour). You can even take it a step further and consider the monetary savings to the community when volunteers provide the service or in-kind donation versus a private provider (e.g. number of children tutored or trees planted). Step 2: Educate your staff and board on the benefits of volunteering. Share your ROI and other data with your executive team and board and garner to get them on board. Recruiting, onboarding, engaging, and retaining your volunteer base will be much smoother when you have their support. Step 3: Purchase or build a volunteer management software system. Track volunteer hours, record your volunteers’ information, and create reports. Your software/tracking system should include a personalized volunteer dashboard where they can track their hours and volunteer services provided, demonstrating to them their impact in real-time. Step 4: Develop a plan for recruitment, training, and growth opportunities for your volunteers. Share the plan with your current volunteer leaders and solicit their feedback before rolling out to the community. Step 5: Make the case for even more investment in your program next year. Give insight into how your efforts to recruit, engage, and retain volunteers positively impact your mission and your bottom line.

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Spotlight

Charitable Giving Resource Center

Charitable Giving Resource Center believes that helping nonprofits become more businesslike will result in more benefits for those whom they seek to serve. Now in our ninth year, we are helping a wide variety of charities fulfill their purposes by providing custom-tailored coaching, fundraising education, and comprehensive organizational services designed to meet the specific needs of each client. We provide strategic advice and services to help philanthropic organizations and individuals magnify the impact of their resources and stewardship to achieve their goals.

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Nonprofit Technology

Aplos Joins ASG to Scale Up Industry-leading Nonprofit Software Platform

ASG | February 24, 2022

ASG, a portfolio company of Alpine Investors that buys and builds vertical SaaS companies, announced that it has acquired Aplos, an industry-leading platform for nonprofits of all kinds, including faith-based organizations, K-12 schools, arts and cultural associations and more. Aplos provides a full suite of SaaS and FinTech tools, including fund accounting, financial reporting, donation tracking and fundraising tools, and people management. Through one unified solution for nonprofit management, Aplos empowers nonprofits to advance their missions and serve their communities. Our goal from day one has always been to meet the software needs of the full nonprofit sector, but to get there we needed to find the right financial partner. I am excited to have found a partner in ASG that believes in the value of serving nonprofits as strongly as I do. This new partnership equips Aplos to ramp up our team, fuel our product development, and invest in the future of this incredible community.” Tim Goetz, Aplos founder Aplos was founded in 2009 in Fresno, Calif. after Goetz couldn’t find a simple, affordable fund accounting software for his church, where he served as executive pastor. Since then, Aplos has grown to a team of over 65 employees who are deeply committed to making an impact with nonprofit organizations. From its initial launch as a web-based fund accounting software, Aplos now includes solutions for church management, donor management, event registration, websites, and fundraising. Today, over 10,000 organizations utilize Aplos to engage over 5 million donors and supporters around the world. Aplos marks the 44th acquisition for ASG and its first in the nonprofit software industry. Aplos will also welcome Anush Vinod as CEO, who was most recently an executive at a high-growth e-commerce business and a member of Alpine Investor’s CEO Program. “Aplos is an exceptional platform, built by innovators who care deeply about serving nonprofits and churches,” said Vinod. “The team’s passion to innovate for their customer is a worthy and inspiring mission. Nowhere is this mission more apparent than in the products, which carry the spirit of this relentless commitment to delivering great technology. For these reasons – and many more – I’m excited to lead Aplos in its next phase of growth.” About Aplos Aplos is a cloud-based system designed specially to serve the needs of nonprofit and church organizations of all sizes. The Aplos all-in-one platform takes the stress out of finances and creating reports, streamline administrative tasks, and make giving faster and more effective. Users can fundraise with the use of online donation tools, custom communication, donor database reports and event registration. Aplos enables organizations to manage all of their financial, donation and donor information in one place. About ASG ASG, backed by Alpine Investors, is a unique and fast-growing software business that buys and builds market-leading vertical SaaS companies. ASG believes deeply in the power of people and data to grow great organizations, and that sharing knowledge, expertise, and resources across its community of businesses drives exponential growth. Founders of leading SaaS companies continue to trust ASG to grow their businesses and build even stronger legacies for the future. About Alpine Investors Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a CEO-in-Residence program which allows Alpine to bring proven leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund.

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BDO updates guide to nonprofit financial statements

BDO USA, LLP | March 13, 2017

BDO USA has released the third edition of its guide to nonprofit financial reporting, updated to include the recent changes by the Financial Accounting Standards Board.

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Novogradac & Company LLP Promotes Seven to Partner

Novogradac & Company LLP | January 02, 2017

Novogradac & Company LLP, a national accounting and consulting firm, welcomes Nat Eng, Chris Jones, Andrea Killeen and Angie Taylor of the San Francisco office; Rachel Denton of the Kansas City, Mo., office; Bryan Hung of the Long Beach, Calif., office; and Amanda Read of the Cleveland office to the partnership. The firm, which specializes in affordable housing, community development, historic preservation and renewable energy tax credits and other areas, has 56 partners in 25 offices nationwide “I am excited to announce that Amanda, Andrea, Angie, Bryan, Chris, Nat and Rachel have been promoted to partner,” said Michael Novogradac, the firm’s managing partner. “Their dedication to the firm and expertise in their respective fields has helped Novogradac & Company continue to be a leader in the tax credit, accounting and valuation industries, while continuing to find new ways to better serve our clients.”

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Nonprofit Technology

Aplos Joins ASG to Scale Up Industry-leading Nonprofit Software Platform

ASG | February 24, 2022

ASG, a portfolio company of Alpine Investors that buys and builds vertical SaaS companies, announced that it has acquired Aplos, an industry-leading platform for nonprofits of all kinds, including faith-based organizations, K-12 schools, arts and cultural associations and more. Aplos provides a full suite of SaaS and FinTech tools, including fund accounting, financial reporting, donation tracking and fundraising tools, and people management. Through one unified solution for nonprofit management, Aplos empowers nonprofits to advance their missions and serve their communities. Our goal from day one has always been to meet the software needs of the full nonprofit sector, but to get there we needed to find the right financial partner. I am excited to have found a partner in ASG that believes in the value of serving nonprofits as strongly as I do. This new partnership equips Aplos to ramp up our team, fuel our product development, and invest in the future of this incredible community.” Tim Goetz, Aplos founder Aplos was founded in 2009 in Fresno, Calif. after Goetz couldn’t find a simple, affordable fund accounting software for his church, where he served as executive pastor. Since then, Aplos has grown to a team of over 65 employees who are deeply committed to making an impact with nonprofit organizations. From its initial launch as a web-based fund accounting software, Aplos now includes solutions for church management, donor management, event registration, websites, and fundraising. Today, over 10,000 organizations utilize Aplos to engage over 5 million donors and supporters around the world. Aplos marks the 44th acquisition for ASG and its first in the nonprofit software industry. Aplos will also welcome Anush Vinod as CEO, who was most recently an executive at a high-growth e-commerce business and a member of Alpine Investor’s CEO Program. “Aplos is an exceptional platform, built by innovators who care deeply about serving nonprofits and churches,” said Vinod. “The team’s passion to innovate for their customer is a worthy and inspiring mission. Nowhere is this mission more apparent than in the products, which carry the spirit of this relentless commitment to delivering great technology. For these reasons – and many more – I’m excited to lead Aplos in its next phase of growth.” About Aplos Aplos is a cloud-based system designed specially to serve the needs of nonprofit and church organizations of all sizes. The Aplos all-in-one platform takes the stress out of finances and creating reports, streamline administrative tasks, and make giving faster and more effective. Users can fundraise with the use of online donation tools, custom communication, donor database reports and event registration. Aplos enables organizations to manage all of their financial, donation and donor information in one place. About ASG ASG, backed by Alpine Investors, is a unique and fast-growing software business that buys and builds market-leading vertical SaaS companies. ASG believes deeply in the power of people and data to grow great organizations, and that sharing knowledge, expertise, and resources across its community of businesses drives exponential growth. Founders of leading SaaS companies continue to trust ASG to grow their businesses and build even stronger legacies for the future. About Alpine Investors Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a CEO-in-Residence program which allows Alpine to bring proven leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund.

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BDO updates guide to nonprofit financial statements

BDO USA, LLP | March 13, 2017

BDO USA has released the third edition of its guide to nonprofit financial reporting, updated to include the recent changes by the Financial Accounting Standards Board.

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Novogradac & Company LLP Promotes Seven to Partner

Novogradac & Company LLP | January 02, 2017

Novogradac & Company LLP, a national accounting and consulting firm, welcomes Nat Eng, Chris Jones, Andrea Killeen and Angie Taylor of the San Francisco office; Rachel Denton of the Kansas City, Mo., office; Bryan Hung of the Long Beach, Calif., office; and Amanda Read of the Cleveland office to the partnership. The firm, which specializes in affordable housing, community development, historic preservation and renewable energy tax credits and other areas, has 56 partners in 25 offices nationwide “I am excited to announce that Amanda, Andrea, Angie, Bryan, Chris, Nat and Rachel have been promoted to partner,” said Michael Novogradac, the firm’s managing partner. “Their dedication to the firm and expertise in their respective fields has helped Novogradac & Company continue to be a leader in the tax credit, accounting and valuation industries, while continuing to find new ways to better serve our clients.”

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