This week, we discuss how fiscal sponsorship can go wrong and damage an organization's reputation and financial standing if you select the wrong firm. Fiscal sponsorship is when an organization outsources their financial management to a third party. If you decide to employ an outside firm to handle your money, make sure you do your due diligence when selecting one. Hiring a firm capable of managing all your financial needs will help you prevent any hiccups down the road. It is imperative to interview several firms and not only those referred to you in order to find the best fit and ensure your finances are handled properly and soundly.
Thanks for tuning into this episode of the Nonprofit Nuggets Podcast! If you liked what you heard, please leave a review and share this episode!
Connect with Chyla and CNRG Accounting Advisory:
This Week’s Story
Podcast Resources
DIY 990
Becoming Fully Equipped and Fully Confident with a 990
How to Showcase and Tell a Story With Your 990
Using Your 990 as a Tool in Your Nonprofit
Identifying and Reporting Your Priorities with Your 990
Staying Aligned With Your Mission: A Guide To Successful 990 Filings
Being Transparent with a 990
How to Ensure Sustainability for Your Nonprofit with Rebecca Rodriguez
Hit the Ground Running with a Successful Nonprofit with Rebecca Rodriquez
How to Prevent Fraud in Your Business: Eliminating Internal/External Pressure on Staff
Protecting the Safety of Everyone with Effective Program Risk Management
How to Go Beyond the Basics: A Step Towards Fraud Risk Prevention
How to Question Leadership for Greater Transparency and Preventing Fraud
Best Practices for Securing Valuable Organization Data
How to Use a Fraud Risk Assessment to Protect Your Nonprofit
Safeguarding Against Minor Mix-Ups by Creating Clear Roles
How to Eliminate Emotional Decisions and Implement Internal Controls in Your Nonprofit Organization
The Perfect Timeline for Your Fundraiser
Navigating Your Financial Statements
Creating a Change by Eliminating Fluff
Cultivating a Beneficial Relationship Between a Fiscal Sponsor and an Organization
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Social Dallas Podcast
Advocacy Scoop Podcast
Change Church Podcast
The Biz of Nonprofit Consultants
Nonprofits Are Messy: Lessons in Leadership | Fundraising | Board Development | Communications