Chief Financial Officer - Non-Profit

CFS; Baltimore (MD); Hybrid; USD 153,000 - 187,000; Full time

Job summary

CFS is seeking a strategic Chief Financial Officer for a respected Baltimore nonprofit. The role oversees financial strategy, budgeting, forecasting, compliance, cash management, audits, and board reporting, with a focus on fiscal sponsorship and future 501(c)(3) formation.

The ideal candidate has extensive nonprofit financial leadership experience, including managing fiscal sponsorships or forming new entities, and will partner with leaders to guide growth and sustainability.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 10+ years of progressive accounting and finance experience.
• Significant nonprofit accounting and financial leadership experience.
• Prior experience with fiscal sponsorship arrangements.
• Experience transitioning organizations out of fiscal sponsorship structures, or establishing a new 501(c)(3) organization from the ground up.
• Strong knowledge of nonprofit financial reporting, grant compliance, and fund accounting.
• Experience presenting financial information to executive leadership and boards.
• Excellent communication and stakeholder management skills.

Responsibilities

• Lead all financial planning, budgeting, forecasting, and reporting activities.
• Provide strategic financial guidance to the Executive Leadership Team and Board.
• Oversee monthly and annual financial close processes.
• Manage audit, tax filings, and regulatory compliance requirements.
• Develop and maintain internal controls, policies, and financial procedures.
• Monitor organizational cash flow and long-term financial sustainability.
• Support grant budgeting, reporting, and funder compliance.
• Partner with program and operational leaders on financial decision-making.
• Lead financial aspects of fiscal sponsorship arrangements.
• Advise on nonprofit entity formation, governance, and financial infrastructure development.
• Support organizations transitioning from fiscal sponsorship models to independent 501(c)(3) status.
• Serve as a thought partner on organizational growth, strategic initiatives, and operational improvements.

Skills

Nonprofit accounting

Board reporting

Grant compliance

Strategic finance

Education

Bachelor's degree in Accounting, Finance, or related field

CPA and/or MBA

Job description

Chief Financial Officer (CFO)

Baltimore City, MD | Hybrid (2 Days In-Office, 3 Days Remote)

Salary: Up to $170,000

Our client is a highly respected, impact-focused nonprofit organization dedicated to improving outcomes for youth and families through collaborative partnerships, data-driven decision making, community engagement, and innovative programming. The organization works alongside public, private, philanthropic, and community stakeholders to drive meaningful change across Baltimore City and is recognized for its commitment to strengthening opportunities for underserved communities.

As the organization continues to evolve and expand its impact, it is seeking a strategic and hands-on Chief Financial Officer to lead all financial operations while helping guide critical organizational initiatives, including fiscal sponsorship activities and nonprofit entity development.

Position Overview

The CFO will serve as a key member of the leadership team, overseeing financial strategy, budgeting, forecasting, compliance, cash management, audit coordination, and board reporting. This individual will play a pivotal role in supporting the organization's continued growth and sustainability while ensuring sound financial stewardship.

This position is ideal for someone who understands the unique complexities of nonprofit finance and has direct experience managing fiscal sponsorship relationships, transitioning organizations out of sponsorship structures, and/or establishing new 501(c)(3) entities from inception.

Key Responsibilities

• Lead all financial planning, budgeting, forecasting, and reporting activities.
• Provide strategic financial guidance to the Executive Leadership Team and Board.
• Oversee monthly and annual financial close processes.
• Manage audit, tax filings, and regulatory compliance requirements.
• Develop and maintain internal controls, policies, and financial procedures.
• Monitor organizational cash flow and long-term financial sustainability.
• Support grant budgeting, reporting, and funder compliance.
• Partner with program and operational leaders on financial decision-making.
• Lead financial aspects of fiscal sponsorship arrangements.
• Advise on nonprofit entity formation, governance, and financial infrastructure development.
• Support organizations transitioning from fiscal sponsorship models to independent 501(c)(3) status.
• Serve as a thought partner on organizational growth, strategic initiatives, and operational improvements.

Qualifications

Required

• Bachelor's degree in Accounting, Finance, or related field.
• 10+ years of progressive accounting and finance experience.
• Significant nonprofit accounting and financial leadership experience.
• Prior experience with fiscal sponsorship arrangements.
• Demonstrated experience either:
• Transitioning organizations out of fiscal sponsorship structures, or
• Establishing a new 501(c)(3) organization from the ground up.
• Strong knowledge of nonprofit financial reporting, grant compliance, and fund accounting.
• Experience presenting financial information to executive leadership and boards.
• Excellent communication and stakeholder management skills.

Preferred

• CPA and/or MBA.
• Experience with nonprofit growth, organizational restructuring, or strategic initiatives.
• Familiarity with Baltimore-area philanthropic and nonprofit communities.
• Experience supporting multi-stakeholder or collaborative nonprofit environments.

Why This Opportunity?

• Mission-focused organization creating measurable impact in Baltimore communities.
• Opportunity to influence organizational strategy and growth.
• Highly visible leadership role with direct executive and board interaction.
• Collaborative and purpose-driven culture.
• Flexible hybrid schedule with only two days per week in the Baltimore office.
• Meaningful work supporting initiatives that improve opportunities and outcomes for young people and families throughout the region.

Compensation

Up to $170,000 plus a comprehensive benefits package.

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