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Lead with Heart | Philanthropy, Nonprofit Leadership, Nonprofit Management & Fundraising
Welcome to the Lead with Heart Podcast, where the heartbeat of philanthropy, nonprofit leadership, and fundraising resonates in every episode. I'm Haley, your host—a Certified Fundraising Executive (CFRE), Certified Stress Management Coach, Certified EmC trainer, and, most importantly, a recovering nonprofit burnout survivor.
In this empowering space, we invite nonprofit professionals to amplify their voices and unveil the heart behind their missions.
Our mission is clear: to empower, elevate, and engage nonprofit leaders, fostering the growth of healthy, thriving organizations.
Join me and a lineup of inspiring guests as we delve into real stories of Philanthropy, Leadership, Courage, and Empathy. Together, we explore the strategies and practices employed by these remarkable leaders to heal from burnout, propel their missions forward, raise crucial funds, and ultimately, make a lasting impact in the nonprofit world.
Discover the unwavering commitment to making a difference, the resilience required to navigate the challenges of philanthropy, and the innovative approaches to leadership that drive positive change.
Whether you're a seasoned nonprofit professional or just starting your journey, the Lead with Heart Podcast is your go-to resource for insights, inspiration, and actionable strategies to enhance your leadership, elevate your organization, and amplify your impact on the world of philanthropy. Tune in and let the heartbeat of leadership guide your nonprofit journey.
Lead with Heart | Philanthropy, Nonprofit Leadership, Nonprofit Management & Fundraising
E79: Navigating Nonprofit Finances, Accounting & Tax Compliance with LaMichelle Hecht
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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
RESOURCES
CONNECT WITH LAMICHELLE
LinkedIn: LaMichelle Hecht
Website: overheadsolutionsgroup.com
Send Haley a suggestion or request via text HERE!
My book, Sow, Grow, Lead is live on Amazon! It shares my journey of starting a nonprofit in Malawi and offers practical strategies for nonprofit leaders to create real impact.
Trusted by 80,000+ organizations in 90+ countries, Donorbox offers easy fundraising tools to help you raise more. From fast donation forms to crowdfunding, events, and Donorbox Live™ Kiosk, grow your impact with donorbox.org
CONNECT WITH HALEY
Haley is a CFRE, Stress Management Coach, and EmC trainer. Founder of The Savvy Fundraiser, she brings experience in human services, homelessness, and youth nonprofits. She specializes in EmC, leadership, board development, and fundraising, empowering nonprofit leaders to build thriving organizations.
Instagram: @thesavvyfundraiser
LinkedIn: Haley Cooper, CFRE
Website: thesavvyfundraiser.com
YouTube: thesavvyfundraiser
Produced by Ideablossoms