Why nonprofits need nonprofit accounting slideshare

05/30/2013 Footer 1

NEED WHY NONPROFITS

NONPROFIT ACCOUNTING

ACCOUNTABILITY

MATTERS

FRAUD 1

LOSS OF MAJOR DONORS

BOARD MEMBERS FORCED TO RESIGN

FORCED TO PAY DAMAGES

DEMAND 2 OUTPACING

FUNDING

What do you expect to happen to demand for your services in 2013?

What do you expect to happen to demand for your services in 2013?

INCREASE SIGNIFICANTLY

What do you expect to happen to demand for your services in 2013?

INCREASE SLIGHTLY

STAY THE SAME

What do you expect to happen to demand for your services in 2013?

DECREASE

What do you expect to happen to demand for your services in 2013?

31%

42%

21%

5%

35% 36%

20%

10%

41% 36%

16%

7%

44% 41%

12%

4%

SignificantlyIncreased

SlightlyIncreased

Stayed theSame

Decreased

DEMAND FOR SERVICES 2008 2009 2010 2011

Source: 2012 Nonprofit Finance Fund

Do you expect to be able to meet all of the demand for

your services in 2013?

56% 51% 52% 50%

44% 49% 48% 50%

2009 2010 2011 2012

Were Nonprofits Able to Meet Demand for Services?

YesNo

3 DONORS DEMAND

TRANSPARANCY

INFORMATION IS AVAILABLE LIKE NEVER BEFORE

WHERE DID THE MONEY GO?

Do you think the nonprofit sector is on the right track or

has seriously gotten off in the wrong direction?

30%

32%

38%

OVERALL

Right TrackWrong DirectionNot Sure

Source: 2010 Harris Poll

36% 38% 35% 33%

29%

21% 16%

19% 23%

34% 38% 37%

48% 43% 42%

33% 33%

42%

18 - 24 25 - 29 30 - 39 40 - 49 50 - 64 65+

BY AGE GROUP

Right Track Wrong Direction Not Sure

UNIQUE SOLUTIONS FOR UNIQUE REQUIREMENTS

Why a Nonprofit

specific system?

Unique reporting requirements

Drive different business

processes

Ensure donor and grant restrictions and intent are met

Provide internal accountability

to safeguard assets

Make timely financial information readily

available to donors and potential donors

Provide actionable data to managers to use in strategic

decision making

Demonstrate accountability to

multiple stakeholders

Support your

unique business

processes

Track and manage grants

Manage endowments

Track and report on restrictions

Create meaningful budgets

Comply with nonprofit reporting requirements

What

do you have?

THANK YOU!

Twitter: @JeffSobers SlideShare: www.slideshare.net\jsobers1