Knowledge you can use, today.
Week 1
NONPROFIT FINANCIAL LEADERSHIP
Elements of an effective organization
Why nonprofit leadership matters
Nine elements of effective financial leadership
Understanding your finance model
Overcoming your money fears
Week 2
NONPROFIT FINANCE 101
Financial terms and concepts
GAAP for nonprofits
Overcoming our money fears: let’s start with your paycheck
Understanding organizational financial statements
Financial decision making
Communicating your financial position (What funders expect in terms of financial reports)
The annual audit
Assessing organizational financial health
Week 3
BUDGETING BASICS
Basic terms
The annual budgeting cycle
How do you make an equitable budgeting process?
The players in the budgeting process
The role of the board
Functional budget
Grant budgets
BUDGETING ADVANCED
Myths about nonprofit budgeting
Three primary budget strategies
Functional expenses + cost allocation strategies
Budget categories + your chart of accounts
Strategies for effective budgeting
Budgeting for equity goals
Managing cash flows
Board oversight
Key performance indicators (KPI’s)
Week 4
FUNDING STRATEGIES
Financial decision making
Aligning with your strategic planning priorities
Avoiding the nonprofit starvation cycle
What is a healthy reserve?
When to use debt
Determine revenue mix
Integrating DEI values and commitments into your budgeting process
Week 5
NONPROFIT RISK MANAGEMENT
Cash-flow Management
Why controls are important = use a case study
Separation of duties
Protecting information
Handling cash
Credit card safety
Financial management policies & procedures = Brief overview + resources to draft their own
Managing federal funds
Risk management
Financial policies
Week 6
ORGANIZATION ASSESSMENT & TELLING YOUR FINANCIAL STORY
Determine your finance model
Assess ideal revenue mix and identify growth areas
Outline strategies for growth
Evaluate the financial health of the organization
Presenting financial information to your board
Capstone project presentation