1. Nonprofit Financial Literacy Series

Nonprofit Financial Literacy Series

Nonprofit trainer and author Stephanie Cory will provide an overview of basic accounting concepts for nonprofits. You will learn how to apply real-life examples to your organization’s numbers. She will also guide you through the process of creating thoughtful revenue and expense budgets that support your work.
Event ID: 2442558
Recording: Unable to attend? A recording will be available after the presentation.
Date: Tuesday, July 14, 2020, 12 PM Eastern and Thursday, July 16, 2020, 12 PM Eastern
Duration: Scheduled for 75 minutes including question and answer period.
Presenter: Stephanie Cory
Credits: Certificate of Attendance

Nonprofit Financial Literacy Series

You will need to analyze previous financial results and recast your budgets to enable your organization to recover from the COVID-19 pandemic. There is a strong correlation between your understanding of the numbers and your nonprofit’s ongoing fiscal success.

To help you plan for a better financial future, nonprofit trainer and author Stephanie Cory will review the basics of income statements, balance sheets, and budgets in a two-webinar series:

Webinar 1:

Decoding the Numbers: Understanding Nonprofit Financial Statements

Tuesday, July 14

12:00 PM Eastern; 11:00 AM Central; 10:00 AM Mountain; 9:00 AM Pacific

Financial statements reveal a great deal about your organization. You need to be able to interpret them to understand your nonprofit’s strengths and weaknesses, determine future stability, and make wise decisions.

You can comprehend income statements and balance sheets by learning a few basic concepts. With this knowledge, you will be able to communicate fluidly with accountants, treasurers, board members, and external parties about the numbers.

  • What key accounting concepts do you need to know?
  • How can you use financial statements to assess your organization’s health?
  • How do you reconcile development reports with statements of activities?
  • How must you account for contributions?
  • What are the characteristics of meaningful financial reports?

Webinar 2:

Planning for Success: Nonprofit Budgeting

Thursday, July 16

12:00 PM Eastern; 11:00 AM Central; 10:00 AM Mountain; 9:00 AM Pacific

Your budget shows your nonprofit’s board and staff where your organization is going. It allows you to balance revenue and costs, set financial goals, and foster a discussion about priorities.

The COVID-19 pandemic is forcing many nonprofits to recast their organization, department, and program budgets. Now is the perfect time for you to refine your knowledge of budgeting so you can forecast a rosy future.

  • What are the advantages of budgeting?
  • What types of budgets do you need?
  • How should you develop a budget?
  • What is the board’s role in budgeting?
  • Should you avoid a deficit budget?
  • How can you allocate overhead expenses?

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