87: What Questions Should Nonprofit Leaders Be Asking? (Tosha Anderson)
Your Path to Nonprofit Leadership
87: What Questions Should Nonprofit Leaders Be Asking? (Tosha Anderson) SUMMARYNonprofit leadership requires a wide range of skills and experiences to be successful, but no single leader can manage all of the technical aspects of a growing enterprise without help. For nonprofit professionals who advance through the program, marketing or fund development side of the organization, the thought of also managing the finance and accounting part of the business is uncomfortable at best and downright intimidating at worst. If you are new in your leadership position, you may not even know where to begin as you look toward the business office and your CFO! That’s what makes episode #87 of the Path Podcast so valuable. Our guest Tosha Anderson not only brings the technical expertise of an auditor and a CPA, but the experience of actually working in a nonprofit so she can translate her knowledge into very practical bits of advice. What questions should you be asking of your accountant? What are the most important contracts and agreements you should be focused on? Why don’t your business office people and your fundraisers get along? (and what can you do about it?!?!?!). Answers to these questions and many more in this great episode with Tosha.ABOUT TOSHATosha Anderson is the founder of The Charity CFO, an organization offering accounting and thought leadership skills to non-profit agencies. Tosha created The Charity CFO after realizing the need for specialized skills in non-profits with limited financial resources and increasing pressure to keep costs low despite mounting compliance and financial reporting needs. With non-profit experience as an auditor, a CFO, a board member, a volunteer and a consultant, Tosha works with non-profits with on-going accounting needs. Her educational background includes a Bachelor’s in Accounting and a Master’s in Business Administration; she is also a Certified Public Accountant. Tosha has spent over 15 years working with and for non-profits in many ways, including an auditor, a CFO, a board member, a volunteer, and a consultant. With this experience, we have developed the best practices and processes to make sure your accounting is exactly what you need for your organization and stakeholders.EPISODE TOPICS & RESOURCESMichael Gerber’s book The E-Myth Learn more about how The Charity CFO can help nonprofits large and smallEpisode #64 How Can We Address Compensation Gaps in the Nonprofit Sector?Episode #82 4 Things They Don’t Teach You About Nonprofit Leadership
Episode 17: Non-Profits in Private Practice (with Tosha Anderson)
Therapy For Your Money
If you are wondering if it's time to shift your private practice to a non-profit, or if you're interested in adding a non-profit arm to your business, check out today's episode featuring Tosha Anderson! She and Julie chat all about non-profits in private practice from compliance to compensation. Tosha also mentions some great resources for when you are looking to get started!Tosha Anderson is the founder of The Charity CFO, an accounting firm that specializing in working with non-profits across the United States. She has years of experience as an auditor, non-profit board member, and a consultant. Tosha enjoys sharing her knowledge and experience with non-profits of all sizes to help them better understand their finances and set them up for success!Episode Highlights:When does it make sense to start a non-profit?When you want to create some kind of foundation to help your audienceWhen you are looking for funding from specific sources that only offer support to non-profits (family foundations, some government entities, etc.)CompensationWhen you become a non-profit, you have to consult with your board about your compensation and any raises or bonuses you may receiveBonuses are sometimes frowned upon in the non-profit community, so take that into consideration if you plan on expanding your services or generating additional sources of income, you may not always be able to reap the financial benefits of doing soYour personal income becomes public knowledge when you have a non-profit, be aware that people will be able to comment or scrutinize your payComplianceAnnual ComplianceGenerally, every state requires you register as a non-profit but the federal government is who decides if you are a tax exempt entityYou are required to file an annual tax return regardless of if you have made money or if your non-profit is even activeMaintenance ComplianceYou are responsible for maintaining your board, meeting funder's requirements (trainings, reporting, etc.), and meticulous recordkeepingIt is recommended that you seek professional accounting services when you run a non-profit in order to manage your books as efficiently and accurately as possibleAuditsAudits are unique by state. Some states require audits while others don't.Non-profits are required to pay for their own independent auditor. Keep that extra expense in mind when starting your non-profit.Links & Resources:Tosha Anderson - The Charity CFOThe Charity CFO FacebookPassion to Execution by Lyn ScottThe EMyth by Michael E. GerberAtomic Habits by James ClearGreenOak AccountingTherapy For Your Money Podcast
333: Tosha Anderson is a CEO & Family Vacationer [podcast]
What's Your "And"?
Tosha Anderson, founder and CEO of The Charity CFO, talks about her passion for traveling around the world with her family and how it played a major role in motivating her to start her own firm and establish a company culture that allows her and her colleagues to pursue their hobbies!
#109-Training Your Board on their Fiduciary Responsibilities with Tosha Anderson
Join me and the Charity CFO, Tosha Anderson, to talk about all of the finances. Though this may not be the most thrilling topic, being responsible for fiscal oversight is one of the most important jobs for a board member. Tosha and I talk about the differences between for-profit and nonprofit accounting, how to get the board focused on the right things and at the right level and how to have those sticky conversations about fundraising. We answer questions about what first-time board members should be asking and how to set up good financial systems from the start. This is a must-listen for those of you who are not finance experts and need to make sure you are dotting your i's and crossing your t's. For more about Tosha: https://thecharitycfo.com/ --- Support this podcast: https://anchor.fm/nonprofitlowdown/support
Episode #312 with Tosha Anderson - Non-Profits: Bridge the Gap in Your Accounting
Rise Up For You
ABOUT OUR GUEST: Tosha Anderson is the founder of The Charity CFO, an organization offering accounting and thought leadership skills to non-profit agencies. Tosha created The Charity CFO after realizing the need for specialized skills in non profits with limited financial resources and increasing pressure to keep costs low despite mounting compliance and financial reporting needs. With non profit experience as an auditor, a CFO, a board member, a volunteer and a consultant, Tosha works with non-profits with on-going accounting needs. STAY CONNECTED: Website: https://thecharitycfo.com/ LinkedIn: https://www.linkedin.com/in/tosha-anderson-cpa-57489512/ Facebook: https://www.facebook.com/tosha.anderson.50 THANK FOR LISTENING! If you know anybody that would benefit from this episode please share it with them and help spread the knowledge and motivation. Don’t forget to show your support for the Rise Up For You Podcast by writing a review on iTunes. Your feedback helps the success of our show and pushes us to continuously be better! Check out www.riseupforyou.com for more podcast episodes, webinars, events, and more to help you get to the next level in your personal and professional life! You can also follow us on Facebook, Instagram, LinkedIn, and Youtube @riseupforyou
Tosha Anderson - accounting, accountability and transparency from the Charity CFO
Fundraising Voices from RNL
Making sure your books are clean, and that you can account for how gift resources were driven to your cause is a key part of engaging donors. We talk with with Tosha Anderson, founder of the Charity CFO, about what good non-profit and charitable accounting looks like, how it's more than just numbers, and how we can best serve supporters who want transparency and accountability. The Charity CFO
Allocating costs with Tosha Anderson, the Charity CFO
Next in Nonprofits
Tosha Anderson is The Charity CFO, which "was founded to offer accounting and thought leadership skills to nonprofit organizations." Tosha brings over 30 years of experience in nonprofit accounting to her clients, and serves groups of all sizes and missions. Host Steve Boland talks to Tosha about allocating costs for programs to better tell a nonprofit story. Some funders limit "management and general" or indirect costs to programs, but part of raising the necessary resources to support a nonprofit mission is telling the full story of all costs involved. Tosha discusses methods to allocate indirect costs, using that information to make better management decisions, and understanding when funder limits may be causing problems for specific programs. More at https://NextInNonprofits.com/podcast.
The CFO Crash Course: Stepping up your nonprofit’s accounting game with Tosha Anderson
Successful Nonprofits Podcast
Nonprofit accounting expert, Tosha Anderson, shares lessons and advice for maximizing your nonprofit’s accounting efficiency. She offers insights on best practices for accounting staff, effective software solutions, and aligning your accounting function as your nonprofit grows.