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Today’s episode is about all things nonprofit finance and accounting with LaMichelle Hecht. These are such important topics that a lot of people do not understand, which is why I wanted to bring this conversation to the podcast.

LaMichelle is the owner and CEO of Overhead Solutions Group, a CPA firm specializing in accounting assurance and tax services for nonprofit organizations. She has over nine years of experience and is a trusted advisor dedicated to excellence and passionate about helping clients achieve their financial goals.

In this episode:

• [02:36] LaMichelle’s background and business
• [05:22] A common financial pitfall among nonprofit organizations
• [07:18] A board's role in an organization’s financial responsibility
• [08:58] Audited financial statements
• [12:12] Restricted vs. unrestricted funds
• [13:52] Strategic financial planning
• [17:14] Misconceptions in nonprofit accounting and tax compliance
• [19:16] In-house accountant vs. consultant
• [21:06] Effective budget planning and how to build a strong financial foundation in your organization
• [26:03] Goldman Sachs 10,000 Small Businesses program insights
• [28:14] Advice for professionals looking to build their network

Website: overheadsolutionsgroup.com

My book, Sow, Grow, Lead is live on Amazon! It shares my journey of starting a nonprofit in Malawi and offers practical strategies to help nonprofit leaders turn visions into reality, and create meaningful impact

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CONNECT WITH HALEY
Haley is a Certified Fund Raising Executive (CFRE), Stress Management Coach, and EmC trainer. She founded The Savvy Fundraiser, a nonprofit consulting and coaching business, and has experience with nonprofits in human services, homelessness, and youth sectors. Specializing in EmC, leadership, board development, and fundraising, Haley is dedicated to empowering nonprofit leaders to create thriving organizations.
Instagram: @thesavvyfundraiser
LinkedIn: Haley Cooper, CFRE
Website: thesavvyfundraiser.com

Produced by Ideablossoms