1. Simplifying Nonprofit Financials: Recording Transactions, Financial Statements, Fiduciary Responsibilities and More

Simplifying Nonprofit Financials: Recording Transactions, Financial Statements, Fiduciary Responsibilities and More

Simplifying Nonprofit Financials: Recording Transactions, Financial Statements, Fiduciary Responsibilities and More
Event ID: 40104
Session ID: 14075

Duration: 90 minutes including question and answer session.
Presenter(s): Chris Martinez, executive director JDRF, Nonprofit Consultant Social Return Consulting
Price: $299.00, 
On-Demand includes full audio presentation, question and answer session, and presentation slides.
Who Should Attend? Board members, CEOs, executive directors, financial staff, volunteer managers, program managers, nonprofit leaders, community liaisons, funders, supervisors, and key staff

Financial documents can be confusing, and even if someone has knowledge of for-profit financial statements, nonprofit statements have subtle differences that must be recognized. Moreover, to be an effective part of a nonprofit team one must understand how to read and use these statements. Additionally, we must understand how to recognize and properly record the transactions themselves. All of this leads up to the broader topic of understanding and executing fiduciary responsibility across all positions within a nonprofit. In this session, review and/or learn how to logically approach and insure proper transaction recording, produce and manage financial statements and come to both understand and apply best practices around fiduciary responsibilities including how to mitigate risk in your specific role.

Please join Chris Martinez as he defines and simplifies financial statements, recording transactions, fiduciary responsibilities and more. Whether you have little financial experience or are looking for a refresher, this session will demonstrate the ins and outs of the many facets of recording and accounting for transactions within the nonprofit sector.


Just a sampling of what this webinar will cover:

  • How to use various nonprofit financial statements and how they relate to their for-profit counterparts
  • How to understand and process transactions legally and effectively
  • An overview of the types of revenue and how to code them appropriately
  • Review of the three basic financial statements and how to use them
  • Fiduciary responsibilities of board and staff and how to manage overlap
  • General ledger
  • Chart of accounts
  • Journal entries
  • Expenses vs. revenue
  • Restricted vs. unrestricted revenue
  • Development plans
  • Discussion of accounting terminology and processes (debit, credit, expense, etc.)


Your conference leader for “Simplifying Nonprofit Financials: Recording Transactions, Financial Statements, Fiduciary Responsibilities and More” is Chris Martinez. Chris is a current executive director and has served as a consultant, trainer and speaker for nonprofits throughout the U.S. His nonprofit experience spans more than 15 years and includes senior executive and leadership positions with healthcare, education, military and social services programs. Chris has been a national director for a program that mobilized thousands of military and civilian veterans across the country in just three short years. Chris has been the chief development officer for a $90MM social services agency and managed multi-campus educational programs across state lines. Chris has served as an elected volunteer for the Board of Education for Ferguson, MO and each year leads his family of 5 in community service projects on their annual summer vacation – volunteering in each city they stop while on their “vacation for Good”. Chris has overseen over 1500 commercial and nonprofit events and has spoken alongside former Secretary of Education Arne Duncan, and president of the Target Foundation Laysha Ward, among others. Chris holds a master in international business from Saint Louis University and certification in nonprofit administration from Georgetown University. Chris is a believer in social profit.

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