Wednesday April 21, 2021
Before we get into the episode, I gotta give you this disclaimer. Any accounting business and tax advice contained in this podcast is not intended as a thorough in depth analysis of specific issues. Nor is it a substitute for forming information. Nor is it sufficient to avoid tax related penalties. If you have specific questions that you need advice for, be sure to schedule a strategy session and not solely rely on information in this podcast. All right, back to the episode.
Hey, there. It is Chyla Graham, and welcome to the Nonprofit Ace Podcast. That's right. If you are new to the podcast, we've got a new name. So why is that? Well, as you may know, there is a Nonprofit Nuggets Podcast with Jennifer Yarborough, who is great, you should check her out. She and I have had to have chatted before. But there's another Nonprofit Nuggets Podcast out there and rather than having a combinate because really, my name is Chyla, how many Chyla’s do you know spelt with a CH, I decided to make the change.
So now I'm your Nonprofit Ace and that's because I think of playing cards. So an ace is the highest card. Also, the definition is a person who excels at a particular sport or activity. I love accounting, I love nonprofits. Come on. And then last is the ace in the hole. So an ace in the hole is an advantage or resource kept back until the proper opportunity presents itself and that's what I want to do for you. You don't necessarily have to hold me back until later. But I want you to know that I'm here in your back pocket just in case you need it. In case you're looking for a resource, please reach out, let me know what you need. I'm happy to direct you. So that's where we are right now at the podcast. And since we're doing some renaming, I definitely want to give you an update on some things that you might not know about me.
Why did I get into accounting? I love numbers. I was that kid who was clipping coupons, trying to see how I could get a deal that my parents, my mom, would agree with. So that was like the beginning stages but I really got into budgets and spreadsheets and just seeing the math in action. That led ultimately to me seeing more about that. In high school, I was a telegiver, which means for a very short period, I want to say I might have lasted two shifts, I think my training shifts and one other shift. I don't think I made it a full week, which was only three shifts mind you. I was a telegiver and I worked for the United Jewish Appeals Federation and I loved that they actually knew how much of their resources were going back into the communities they served. I was like, that's cool. More organizations should do that. So that piqued my interest in nonprofits.
Once I got to college, it was the time of Enron and WorldCom and all these scams, and I wouldn't say scams, there were instances where company's financial records were not as accurate as they needed to be and the blame was constantly shifting. It was who should have known and the auditors didn't know and the people in charge didn’t know. And if all those people don't know, who is it going to be and so I did not want that to happen.
I was in college, I was at Oakland University, and we had a lot of people who were like, I'm going to be a missionary, or I'm gonna be a pastor, they're planning on doing this amazing work. And I'm like, you're gonna get scammed, people are gonna take your money because you're afraid to talk about it. You just want someone else to do it. And I don't want that for you. I don't want you to feel like someone else will handle this without you giving proper oversight.
So here as your Nonprofit Ace I want to give you the tools, so that you can properly oversee the finances of your organization, so that you will ask more questions, so you can get the right answers or feel comfortable with the answers that you are getting, so that you never feel like I don't know, and I'm never going to know. So that's what we are here for, for you. The podcast is our short form version of doing that.
If you want to join a workshop or follow me on Instagram, you'll see other ways that we give out content. But every week or most weeks, you will get a podcast episode from me. Just giving you my take on things, giving you some tools that you can take action on. There are going to be some interviews with some people I think you should know who I think will be valuable resources for you. I am excited for you to join me on this next season. Alright, see you around.