Nonprofits bear an obligation to be responsible stewards in managing the financial resources entrusted to them. This includes being able to produce reliable financial information, ensuring fiscal responsibility and building and maintaining public trust. What is the financial managment culture in your organization? How are choices made for the future? How is risk evaluated? Asking questions - and knowing the answers - is critical to achieving and maintaining effective financial practices.
Financial Practices that Work
Audit
Audit Committee Charter Template
Just a few easy steps from downloading this document to having an audit committee charter ready to go.
Preparing for an Audit - Internal Controls
Use this worksheet to help you put your thoughts together and answer questions that are commonly asked by auditors.
Checklist to Prepare for an Audit
Get this detailed checklist to help you prepare for an audit.
Audit Committee Checklist
Make sure your audit committee has this checklist in their toolbox.
Effective Audit Committees
This guide from Nathan Wechsler & Company provides you with an overview of the common functions and responsibilities of an audit committee.
Document Destruction and Retention Policy Sample
Adapt this template for use in your organization today.
Board Finance Role
10 Step Budgeting Checklist
Use this handy checklist to make sure you've covered all the bases in your budgeting plan.
WhistleBlower Protection Policy
Adapt this template for a whistleblower protection policy to meet your needs.
Charter Sample - Finance Committee
Get this sample finance committee charter which includes a clear list of differences between the responsibilities of the finance committee versus the audit committee.
Top Tips for Hiring the Right CFO
Bringing on a new senior manager is a high-stakes, time-consuming venture. Whether you are replacing an existing CFO, adding a part-time CFO, or bringing one on for the first time, these tips from the J. Edgar Group will help you find the right fit for your organization.
How to Know if You Need a CFO
How do you know if your organization is ready for a Chief Financial Officer? You may already have a bookkeeper, a tax accountant, even a controller and a finance team. So do you really need more horsepower in your finance department? The J. Edgar Group developed a few questions that can help determine if the time is right.
Assess Your Financial Strengths and Weaknesses
Use this worksheet to capture a snapshot of your nonprofit's financial strengths and weaknesses.
Organization Dashboard Sample
An organization dashboard is a great way to organize financial information to present to your board and management team.
Preventing Fraud
Fraud in nonprofits makes for sensational headlines and rattles public confidence in the organization. These tips will help make sure you have all the safeguards in place.
Financial Questions Boards Should Ask
Use this list of financial questions as a guide to meeting your duty of financial oversight.
Fiscal Sponsorship
Fiscal Agent Agreement Sample
Adapt this sample of a fiscal agent agreement sample for your own use.
Form 990
Form 990 Basics
Basic information about the various versions on the IRS Form 990 and when to file.
Executive Review Guidelines for the Form 990
This guide from Nathan Wechsler & Company is designed for the executive(s) and board members charged with reviewing the annual IRS Form 990.
Board Member's Review of Form 990
This table is designed to help board members effectively review the 990 and to consider the organization's policies and potential benefits of changes to those policies.
IRS Governance Checklist
Part VI of the Form 990 asks a variety of questions covering the best practices in areas of governance and policy disclosures. The IRS has shared findings from their collection of data in this section. Nathan Weschler & Company have shared an article on this information.
Policies and Procedures
Audit Committee Charter Template
Just a few easy steps from downloading this document to having an audit committee charter ready to go.
WhistleBlower Protection Policy
Adapt this template for a whistleblower protection policy to meet your needs.
Charter Sample - Finance Committee
Get this sample finance committee charter which includes a clear list of differences between the responsibilities of the finance committee versus the audit committee.
Financial Statement Sample
This Excel spreadsheet can be used as a template for creating your financial statement.
Cost Allocations
Nathan Wechsler & Company share this document about the focus on nonprofit cost allocations.
Fiscal Policy Sample
Use this sample policy as a starting point for finalizing your own.
Document Destruction and Retention Policy Sample
Adapt this template for use in your organization today.
