Nonprofit Finance for Nonfinancial Managers I

This course will help you to establish and/or strengthen your working knowledge of financial management processes and procedures so that you can make informed decisions. Course topics and learning activities are specifically targeted to individuals who are not currently engaged in finance positions as well as those who are looking for a refresher.

Among other topics, we will discuss the importance of financial management for a nonprofit organization’s sustainability and try to remove some of the mystery about finance, budgets and the legal obligations of 501©3 organizations. We will explore policies and procedures that are essential to every nonprofit’s success, distinguish different types of financial statements used in financial management, and identify reporting requirements needed to stay in compliance with the IRS.

This course requires the participant to have basic literacy with spreadsheets (such as Excel).

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Section 0920
September 10 - October 14, 2020
Course Fee: $550
Instructor: Barbara Goldstein
Registration Deadline: Monday, September 7, 2020 at 11:59pm (CT)
Location: Online
View Course Syllabus

Course Details

Topics Covered

  • Overview of financial management for nonprofit organizations
  • Building a nonprofit budget
  • Financial policies and procedures: The framework of your financial system
  • Financial reporting and analysis
  • Legal reporting requirements and maintaining tax-exempt status

 

Course Benefits

  • Explain the roles and responsibilities of board and staff in developing and monitoring budgets
  • Recognize the types of budgeting policies and procedures that facilitate effective budget-building
  • Identify accounting controls and the system used to manage the flow of information to produce accurate and timely reports
  • Identify components and best practices in managing the audit process
  • Analyze the components and purpose of Form 990, including the marketing aspect

 

Required Text

Murray Dropkin, Jim Halpin, and Bill LaTouche. (2007 ) . The Budget-Building Book for Nonprofits: A Step-by-Step Guide for Managers and Boards (2nd ed.) San Francisco: Jossey Bass.

Special Features

  • A weekly Resource Center, which provides carefully tailored readings and other resources
  • “Studio” activities offer opportunities for new and experienced practitioners to cultivate practical skills
  • Original case studies and problem-based learning activities
  • In-depth weekly discussions on the real-life challenges and opportunities of financial management
  • A small class size generally limited to 25 participants

 

Workload

This is an instructor-led course delivered entirely online. It is highly interactive and requires 8-10 hours per week of active participation on discussion boards and completion of assigned projects.

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