Duration: 90 minutes including question and answer session.
Presenter(s): Lynn Ivey, nonprofit consultant
Price: $349.00, DL includes full audio presentation, question and answer session and presentation slides.
Who Should Attend? Chief executives, directors, financial staff, board leadership, board members, nonprofit counsel, senior management, managers, supervisors, volunteer managers, quality assurance staff, and marketing and community outreach staff
Regardless of whether a nonprofit is in its early startup phase or well into service delivery, at the core of sound financial management is the organization’s budget. Planning what to do with the revenue expected, as well as developing contingency budgets in the event of new funding opportunities or shortfalls, are critical aspects for ensuring that services will be delivered and the mission accomplished. But, understanding the complexities of annual budgets, effectively allocating the resources required to achieve the needed goals, and then effectively communicating these critical interrelated and interconnected aspects to supporters, staff and other stakeholders can be daunting. Board members, leaders and managers must carefully and confidently navigate each step in the budgeting process or risk losing the public’s trust and the organization failing.
Please join Lynn Ivey as she shares practical strategies for constructing nonprofit budgets that will provide a solid foundation for your mission. Understand the steps involved from developing past performance data and forecasts, to establishing budget targets and assumptions. You will find techniques for defining and refining your organization’s budgeting process, and for preparing budgets that will effectively guide and inform your strategic and management decisions. Understand the differences between operational, capital, opportunity and zero-based budgets, and gain insights as to how different sources and types of income can impact your budget and budgeting process.
WHAT YOU’LL LEARN
Just a sampling of what this webinar will cover:
- Essential steps in an effective budgeting process
- An overview of budget related terms and formats
- Information to gather to inform your budget construction process
- Ideas for setting budgetary amounts
- Strategies for developing organization-wide and individual program budgets
- The importance of contingency planning
- Methods for allocating administrative, overhead and shared costs
- Roles and responsibilities for the board, leaders and staff
- Tips for presenting the budget to the board
- Considerations for the board’s review and approval process
- AND MUCH MORE!
YOUR CONFERENCE LEADER
Your conference leader for “Step-by-Step Guidance for Building Organizational Budgets” is Lynn Ivey. Ms. Ivey is a consultant to nonprofit organizations. Her nonprofit experience spans more than 20 years and includes prior nonprofit positions with healthcare, education, and family support/intervention programs. Her roles have been diverse including that of the administrator of one of South Carolina’s largest nonprofit hospice programs. In addition she has held a variety of other nonprofit positions including: director and coordinator of volunteer programs, personnel manager, social worker, and preschool director. Ms. Ivey holds licenses as a social worker and long-term care administrator. Because of her wealth of first-hand experience both in senior nonprofit executive and volunteer positions, Ms. Ivey is a sought-after speaker and has presented at many national and state conferences, and regional meetings. Ms. Ivey has also served as a clinical instructor and staff trainer. Ms. Ivey also has a wealth of experience as a volunteer. Her volunteer experiences include: women’s shelters, a theater company, U.S. Navy Family Service Center, and scouting. Most recently she has held volunteer positions serving on the National Council of Hospice and Palliative Professionals CEO Steering Committee, South Carolina Department of Health and Environmental Control Cancer Control Advisory Committee, South Carolina Association of Residential Care Homes Board of Directors, to mention only a few.
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CERTIFICATES OF PARTICIPATION
NonprofitWebAdvisor certificates of participation are available to everyone completing this webinar.