Simplifying Nonprofit Financials: What Nonprofit Leaders Need to Know to Run Their Organizations (4-Session Series)

$949.00
Event ID:16447

Please Select an Option
Download (DL)   $1049.00 includes recorded presentation, slides, and Q&A
Duration: Each session is scheduled for 90 minutes including question and answer session.
Presenter(s): Chris Martinez, executive director JDRF, Nonprofit Consultant Social Return Consulting
Price: $1049.00, DLs 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 decisions impact every aspect of nonprofits. From keeping the lights on to increasing donations, demonstrably sound finances are the key to running sustainable organizations. It is therefore imperative that every member of your team, including board members, managers, supervisors and staffers, each have an understanding of finance basics – whether or not they are specifically in charge of financial decisions. Understanding the finances behind your nonprofit allows staff to understand roles, work within a budget, better utilize resources, deliver services, and ultimately understand what is fiscally necessary to work towards your mission. Without aligning certain policies, financial knowledge, and attitudes, staff may not have the best grasp of what is actually involved in making your organization run and might even hurt your cause as a result.

Simplifying Nonprofit Financials: What Nonprofit Leaders Need to Know to Run Their Organizations offers nonprofit leaders a practical and thorough look at nonprofit finances. In four sessions we will review nonprofit finances, define and simplify nonprofit financial reports and statements, help you learn how to track key indicators that ultimately impact your mission and objectives, and show you how to use various types of dashboards as helpful tools for monitoring and improving your organization’s overall performance so that you can help your constituents even more. Please join Chris Martinez, nonprofit consultant and nonprofit executive director, for a comprehensive series that will make sense of nonprofit financials, providing training to help you more effectively work towards your mission.

WHAT YOU’LL LEARN

Simplifying Nonprofit Financials: What Nonprofit Leaders Need to Know to Run Their Organizations includes 4 sessions available live, on CD or via digital download. The areas covered include:

Session 1: Simplifying Nonprofit Financials: Overview for Non-Finance Officers

  • How nonprofit organizations work
  • Budgets
  • Review and how to read the IRS Form 990
  • The three basic financial statements and how to use them
  • Expenses vs. Revenue
  • Restricted vs. unrestricted revenue
  • Development plans
  • Discussion of accounting terminology and processes (debit, credit, expense, etc.
  • Learn about governance and management financial responsibilities and roles
  • See how to use financial information for operational planning and budgeting

Session 2: Simplifying Nonprofit Financials: Recording Transactions, Financial Statements, Fiduciary Responsibilities and More

  • 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.)

Session 3: Simplifying Nonprofit Financials: Understanding and Assigning Different Management Roles

  • An overview of the various roles in finance
  • The responsibilities of each role
  • Tactics for clear and simple interaction between these various positions
  • Form 990
  • Fiduciary responsibilities of board and staff and how to manage overlap
  • Finance decisions
  • Potential Committee structure
  • Finance as it relates to fundraising
  • Finance as it relates to the public
  • Basic controls
  • How good finance can lead to revenue

Session 4: Simplifying Nonprofit Financials: Strengthening Your Organization with More Advanced Finance Tools

  • An overview of the various revenue sources in finance
  • Database and financial software roles and options
  • A survey of some of the rules around each revenue source
  • New technology
  • Fiscal sponsorship
  • Planned giving
  • Online giving
  • Endowments
  • Earned revenue/social entrepreneurship
  • Communicating your finances in powerful ways
  • Micro-finance programs
  • Debt financing
  • Impact investing and social venture capitalism
  • Growth capital
  • A step by step on how to assess and take your organization to the next level of financial performance

YOUR CONFERENCE LEADER

Your conference leader for “Simplifying Nonprofit Financials: What Nonprofit Leaders Need to Know to Run Their Organizations (4-Session Series)” is Chris Martinez. Mr. Martinez 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. Mr. Martinez 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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