WEBINAR: NONPROFIT FINANCIAL BOOT CAMP PART 1

Faculty: A. Michael Gellman, CPA, CGMA, Fiscal Strategies 4 Nonprofits

Course Objective: This session that will cover all the basics of nonprofit finances including Fiscal Management

During these difficult times, many nonprofit organizations are looking to stabilize finances and improve sustainability to stay viable. This all-day session will give you valuable tools needed to develop financial practices and oversight that will strengthen your financial management systems and improve accountability to your board of directors, donors and the general public.
The day begins by exploring the key differences in accounting practices between nonprofit organizations and for-profit entities, with a focus on issues related to sponsorships, grants and contributions. Next, the Center for Nonprofit Advancement will discuss the key components of nonprofit financial statements so you will have the skills necessary to ask probing questions, and teach your board how to identify “red flags.” Group problem solving and a case study will be used to provide an opportunity to try out your new learned skills.

Additional take home resources related to the critical elements of financial accountability and transparency will be provided from three perspectives; financial accountability to the general public, to board of directors and leadership, and from staff and management. Three check lists will be supplied to help assist you with improving your financial accountability and transparency and understanding your critical role in this oversight.

Registering for Part 1 automatically registers you for Part 2 on June 5 as well. If you cannot attend Part 2, please reach out to Sean Sweeney at [email protected].