Finance for the Nonfinancial Manager

Overview

The sustainability of many nonprofit organizations often boils down to their ability to establish and maintain sound fiscal policies. Nonprofit organizations must manage financial prospects while mitigating any danger that may pose a threat to the value and permanence of the social impact for the organization. This course will focus on tools and concepts to help participants focus on the financial challenges unique to nonprofit organizations.

Understanding your organization’s finances is a core competency for all nonprofit managers. Being able to build budgets, apply for grants, understand your cash position, and use the information in a financial statement – these are vital skills that anyone in a position of responsibility will need again and again.

(This course has been combined with the former standalone Finance for the Nonfinancial Manager. It can be taken by itself or with the rest of the Certificate of Nonprofit Organization Management.)

Learning Objectives

• Examine basic financial statements, financial metrics, and IRS form 990.
• Apply common accounting rules related to nonprofits, and identify the key elements of internal controls and financial management related to nonprofits.
• Explain the benefits of a budget and the steps to create an organizational budget.