This webinar will offer an accessible introduction to nonprofit accounting and to the primary documents used to communicate your organization’s financial reality to funders, potential donors, board members, and the interested public. Documents covered will include operating budgets, audited financial statements, the IRS Form 990, and the annual report.
"Financial Sustainability: Creating a University of the 21st Century." A presentation by UC Davis Vice Chancellor and Chief Financial Officer, Dave Lawlor.
Presentation slides for the SMSF Tax Planning webinar presented by Aaron Dunn of the SMSF Academy on 24 April 2013.
With the growing number of self-managed super funds, the need to appropriately plan and take advantage of the various contribution, pension, investment strategy and tax issues all lead to the value of discussing some key tax planning strategies with SMSF trustees.
If you wish to view the webinar recording, this can be purchased for $99 (incl. GST). You can visit the SMSF Academy online store to purchase this recording, https://nq129.infusionsoft.com/app/storeFront/showCategoryPage?categoryId=9
Solutions Manual for Contemporary Engineering Economics 5th Edition by ParkWhitneyMorriss
Full download : https://downloadlink.org/p/solutions-manual-for-contemporary-engineering-economics-5th-edition-by-park/ Solutions Manual for Contemporary Engineering Economics 5th Edition by Park
Nonprofit Finances - Its Mysteries Revealed4Good.org
An introduction to Board members to understand accounting concepts that are unique to nonprofit organizations so that they can better exercise their fiduciary responsibilities.
IPPs or Individual Pension Plans are becoming more attractive among business owners and incorporated professionals to minimize corporate taxes, enhance retirement income and creditor protect assets.
A Game Plan for Making Decisions Before, During, and After a Crisis Hits Your...4Good.org
How decisions are made, communicated, & implemented are fundamental to how well an organization prepares for and faces a crisis when one occurs. Time is of the essence in any business interruption –such as data loss, managerial crisis, or a natural disaster like Nashville’s recent historic floods– and so is the need for consistent,clear decisions. The focus: how to create & roll out the Incident Action Team & Incident Action Plan --foundational to an executable plan your organization needs!
Yes! You can raise $$ on Facebook (and other Social Networks)4Good.org
This session presents strategies, best practices and tips for fundraising on social networks including Facebook and house networks (i.e. social networks on your nonprofit’s own web site).
Using case studies and practical examples we’ll describe the best tactics for growing your social networking community and producing fundraising revenue from individual gifts, membership, events, peer-to-peer giving, sponsorship, and advertising on social networks.
"Financial Sustainability: Creating a University of the 21st Century." A presentation by UC Davis Vice Chancellor and Chief Financial Officer, Dave Lawlor.
Presentation slides for the SMSF Tax Planning webinar presented by Aaron Dunn of the SMSF Academy on 24 April 2013.
With the growing number of self-managed super funds, the need to appropriately plan and take advantage of the various contribution, pension, investment strategy and tax issues all lead to the value of discussing some key tax planning strategies with SMSF trustees.
If you wish to view the webinar recording, this can be purchased for $99 (incl. GST). You can visit the SMSF Academy online store to purchase this recording, https://nq129.infusionsoft.com/app/storeFront/showCategoryPage?categoryId=9
Solutions Manual for Contemporary Engineering Economics 5th Edition by ParkWhitneyMorriss
Full download : https://downloadlink.org/p/solutions-manual-for-contemporary-engineering-economics-5th-edition-by-park/ Solutions Manual for Contemporary Engineering Economics 5th Edition by Park
Nonprofit Finances - Its Mysteries Revealed4Good.org
An introduction to Board members to understand accounting concepts that are unique to nonprofit organizations so that they can better exercise their fiduciary responsibilities.
IPPs or Individual Pension Plans are becoming more attractive among business owners and incorporated professionals to minimize corporate taxes, enhance retirement income and creditor protect assets.
A Game Plan for Making Decisions Before, During, and After a Crisis Hits Your...4Good.org
How decisions are made, communicated, & implemented are fundamental to how well an organization prepares for and faces a crisis when one occurs. Time is of the essence in any business interruption –such as data loss, managerial crisis, or a natural disaster like Nashville’s recent historic floods– and so is the need for consistent,clear decisions. The focus: how to create & roll out the Incident Action Team & Incident Action Plan --foundational to an executable plan your organization needs!
Yes! You can raise $$ on Facebook (and other Social Networks)4Good.org
This session presents strategies, best practices and tips for fundraising on social networks including Facebook and house networks (i.e. social networks on your nonprofit’s own web site).
Using case studies and practical examples we’ll describe the best tactics for growing your social networking community and producing fundraising revenue from individual gifts, membership, events, peer-to-peer giving, sponsorship, and advertising on social networks.
Successful websites require frequent updates and key information being easily accessible. But nonprofits rarely have a team of programmers and techies at their disposal. So how can nonprofits manage their online marketing leveraging free and low cost solutions that don't require a programmer? WordPress! WordPress is a robust blogging and content management platform that is simple and easy to use by technophobes and programmers alike.
Financial Management Fundamentals For Executive Directors & Board Members4Good.org
Nonprofit leaders and board members need to have at least a basic understanding of financial management. However, it is not uncommon to only have one or two people on a nonprofit board that understand finances. This webinar will help nonprofit executives and board members develop the financial insight they need in order to make strategic decisions and fulfill their responsibilities.
Funders and nonprofits alike are increasingly aware from published research and documented experience that the period after the departure of one leader and before the arrival of the next is too valuable to waste “standing still” in a holding action. This webinar will discuss the factors that every nonprofit needs to examine during the transition period – respecting the past, examining the present, and planning for the future, in order to complement the role of the Executive Search Consultant and prepare the way for a truly exciting next chapter in the life of the organization.
Five Steps to Maximizing Fundraising Events with Corporate Sponsorship4Good.org
Corporate sponsors play an important role in the success of charitable fundraising events, from providing in-kind donations to engaging in cross-promotion and employee involvement. Join us for a presentation on how your organization can bring more value to corporate sponsors and thereby increase the success of your event.
During the webinar we’ll discuss:
• What Corporate Sponsors care about
• Defining your value to a Corporate Sponsor
• Finding Corporate Sponsors
• Packaging Sponsorships
• Incorporating websites, social media and email marketing to cross-promote your fundraising event
Every organization has a unique story. When a potential donor asks: 'Who are you? Why should I support you?' does everyone in your organization tell the same story? Can you anticipate the key questions? Is your (volunteer) leadership and staff well equipped to answer these questions? This webinar provides practical and creative, low cost tips for developing an effective case. We will show how it can become the single most important communication document in your development toolbox.
On October 14, 2011, Annie issued a report on FIRST with a "BUY" rating.
Nonprofit Investor ("NPI") is a platform for the creation and distribution of free, in-depth research on charity organizations by volunteers.
If you believe there are any inaccuracies or errors in any report, please contact us.
https://bloomerang.co/resources/webinars/
Stephanie Skryzowski will show you the foundation of financial management, why transparency in your financials is important, who should see your financials, how to present the financials, and specific reports and metrics attendees can review and share with stakeholders.
Nonprofit Finance: Basics for the non-MBA, non-CPA professionalDonorPath
Janet Gibbs, former CFO at Feeding America, explains how to understand your nonprofit's financial statements, and be comfortable interpreting them to external audiences.
FINEX Wealth Management, Inc. is an independent, national, fee based third party administrator providing consulting, design and administrative services to plan sponsors and their advisors across the United States. This unique plan consists of five (5) contribution components: 401(k), Profit Sharing, Cash Balance Defined Benefit, Aggregated “PRIME” Benefit, and Tax Reserve. The key to this design is combining plan attributes in a non-discriminatory manner, cross-testing, and satisfying the concurrent offset rules which allow business owner’s to create a targeted employees only plan.
Making The Most Of Your Financial Statements4Good.org
Like it or not, a not-for-profits financial statements are often used by a variety of stakeholders as a tool by which to judge an organization’s potential for success. Making sure your statements do more than just reveal the value of your assets is essential, especially when donors receive more requests for support than they can ever hope to meet.
This webinar will provide attendees with tips for improved financial communication & insight into the analysis that would be funders may conduct.
A new paradigm in defined contribution plan pricing is emerging in response to the onslaught of excess fee lawsuits brought against plan sponsors and providers, new and complex fee disclosure rules, and the more recent Department of Labor’s (DOL) Conflict of Interest Rule.
During this BFSG program you will learn:
- The Evolution of Defined Contribution Plan Pricing Models
- Fiduciary Responsibilities of Plan Sponsors
- New Marketplace Solutions – Fee Levelization
Nonprofits today are faced with unprecedented challenges, and yet we continue to approach board leadership using concepts from thirty years ago. As our organizations enter into new territory, so our boards need to lead differently - yet we continue to put our efforts into getting the structure 'right'. But there is no magical number of board members or committees, or use of Robert's Rules of Order or Consent agendas, that will transform our boards into the strategic thinkers or powerful decision makers they need to be. Instead, structure must be seen as only the foundation - and board behavior and dynamics approached in a new way - to lead effectively into the future.
On Today's Menu: Your Successful Grant Proposal4Good.org
How can you whip up a successful grant proposal? You’ll need just the right proportions of research, planning, drafting, and editing. And don’t forget to garnish with tasty feedback and a dash of good timing!
Foundations and corporate funders are always looking for ways to make good investments in your community. To partner with them, you have to show exactly how you can help make that happen!
Webinar participants will get a special discount on Dalya’s award-winning book, "Writing to Make a Difference: 25 Powerful Techniques to Boost Your Community Impact."
Who should attend: This webinar is ideal for: nonprofit directors, staff, board, volunteers, and consultants who help raise money from foundations and corporations; jobseekers are also welcome.
Successfully Outsourcing Your Accounting Function4Good.org
For startup or small nonprofits, hiring the right financial expertise can be challenging. Outsourcing to a qualified firm allows you to focus your efforts on mission and fund raising, can strengthen internal controls and often results in significant improvements in your overall financial management and reporting. The keys to success are to clarify your expectations for outsourcing and identify the right outsourcing partner with whom your organization can build a collaborative relationship.
Inbound Marketing & Millennial Donors: A Perfect Marriage4Good.org
The Millennial Generation does not want direct mail from your nonprofit, nor do they want generic communications. To get to these early donors, 84% of which donate or want to donate online, you'll need to earn it through transformative content that effectively tells the story of your cause.
In this webinar learn how to utilize inbound marketing techniques to attract Millennial donors who live on their smartphones, and to how incentivize their giving to your fundraising efforts.
Building your brand – A practical guide for nonprofit organizations4Good.org
This "brand 101″ session is designed to help nonprofit leadership and board members understand the basic concepts around developing and maintaining a strong brand.
Many entrepreneurs – social, triple bottom line or otherwise – do not avail themselves of all potential capital sources when seeking funding to grow or scale, limiting prospects to cash flow their initiatives. This seminar explores a range of options for funding: external in the marketplace, internal within an organization, new ideas and classics not to overlook.
Most nonprofits involve volunteers in program areas and administrative areas. You might not be aware, however, of the many ways you can involve volunteers in your fundraising activities. This webinar will outline ways you can involve volunteers in fundraising, where to find volunteers, how to recruit them, and how to keep them enthused about your organization.
Could your mission statement describe any of several other organizations that are similar to yours? Do you just haul it out once a year for your annual report and 990? If you’ve been around for many years, you’re clear about your nonprofit’s value to your community, your stakeholders and/or your cause, why bother to revisit your mission statement?
The answers to these questions can make the difference between sustainable success and failure in several ways. Organizations that have a page-long mission statements and think that any effort to review it would be just empty wordsmithing may want to join us for this webinar to see what a rigorously crafted mission statement can do for marketing, fundraising, stakeholder loyalty, strategy, and managing change.
Enter your mission statement in the 4th annual What’s Your Mission? Competition, at http://bit.ly.SyPmission
Takeaways:
Why your mission statement is so important.
Why it’s worth editing your mission statement–and how to do it.
What’s in a good mission statement, and what’s not.
How a good mission statement forms the basis for strategic decisions.
How to measure your performance against your mission statement, and why that’s valuable.
e-Strategy for Your Nonprofit (Cast Your NET, Catch More Fish: Effective Inte...4Good.org
This seminar shows how any nonprofit can develop and execute an Internet strategy to further its mission. We’ll examine how nonprofits are using the Internet, how they’d like to be using the Internet, and how they should be using the Internet (but may be unaware of) – and how to bridge that significant gap easily and quickly. You’ll learn how to drive more traffic to and fundraising through your site. We’ll give specific suggestions on how you can improve your website so it will offer lots for your website visitors to SEE and lots for them to DO.
Key Leadership Factors for Fundraising Success4Good.org
As the CEO of your organization, you are tasked with many things from operations to quality improvement; fundraising is only one of your concerns. But did you know that everything you do affects fundraising? In fact, the most important factor in fundraising success is not the competence of your fundraiser but your own leadership and that of your Board of Trustees. Join Susan Black, CFRE to learn the six key factors for fundraising success that every nonprofit leader needs to know.
Barriers to Change: Understanding Roadblocks to Progress in Organizations and...4Good.org
We all say that we desire change yet, it seems so difficult for it to actually occur. In this webinar, learn more about the barriers to change that keep us from moving forward in our personal, professional and organizational lives.
Nonprofit Blogging Best Practices: Why Your Nonprofit Needs a Blog and How to...4Good.org
Despite the popularity of social media including “micro-blogging” sites like Tumblr and twitter, traditional blogging is still one of the most important tools in your digital marketing arsenal.
Larger nonprofits have been early adopters of blogging, seeing the benefits in increased website traffic, email sign ups and online donations. A consistent, quality blog has been proven to have a direct benefit on marketing and fundraising efforts – so why do so many nonprofits ignore this powerful tool?
The question remains: How can smaller nonprofits get on board with blogging and create a dynamic outlet that grows their supporters and helps them accomplish their goals?
Why are some nonprofits successful at attracting funding while others struggle? How do funders differentiate between the myriad of nonprofits that want their money? How has the process of successfully approaching funders changed? This cutting edge webinar, based on the practical experience of hundreds of successful funding campaigns, examines the fundraising process from the other side of the desk, that of the funders, and illustrates the techniques that work in today’s economic environment, all designed to help you earn Asking Rights™.
Four Great Hormones to Stimulate Well-Being4Good.org
Recent neuroscience research has verified that the well-being that comes from meaningful conversations depends upon four hormones that we have the ability to either stimulate or depress in ourselves and in others. This Webinar will deal with the four and explain their role in personal and interpersonal well-being.
What do you do when someone signs up for your email list or donates to your organization? Do they have to wait until your next “monthly” newsletter to learn more about who you are and what you do? If so, you are missing out on a huge opportunity to engage, inspire and motivate your supporters to take action.
One of the best ways to engage with new subscribers (or new donors for that matter) is to create what is called a “Welcome Series” of emails. These emails are set to automatically be sent to the individual over the course of a few weeks – Day 1 they get an email, day 4 they get another email, day 8 they get yet another email, etc. These emails are designed to introduce yourself and your organization to the individual, as well as show them the impact your organization is having and why they should stay connected.
Sounds like a great idea and something all nonprofits should be doing right? The problem is that most nonprofits are not currently using a Welcome Series and are missing out on this powerful tool. If this includes your organization, then join us for this jam-packed webinar where we highlight a number of successful strategies and tactics you can start using immediately including:
- Why a Welcome Series is so powerful (Its all about the relationship)
- How to create an engaging and compelling Welcome Series
- How and why you should have multiple Welcome Series’ – subscribers, donors, attendees, etc.
- How a Welcome Series can increase your donor retention
On Today's Menu: Your Successful Grant Proposal4Good.org
How can you whip up a successful grant proposal? You’ll need just the right proportions of research, planning, drafting, and editing. And don’t forget to garnish with tasty feedback and a dash of good timing!
Foundations and corporate funders are always looking for ways to make good investments in your community. To partner with them, you have to show exactly how you can help make that happen!
Webinar participants will get a special discount on Dalya’s award-winning book, “Writing to Make a Difference: 25 Powerful Techniques to Boost Your Community Impact.”
Who should attend: This webinar is ideal for: nonprofit directors, staff, board, volunteers, and consultants who help raise money from foundations and corporations; jobseekers are also welcome.
Mission and Leadership: Work Motivation That Strikes a Chord4Good.org
Most organizations have a formalized mission statement. Too often it is merely posted on a wall in the conference room. Often, employees grow cynical and state that the organization’s mission statement is just that: an empty statement. However, other organizations follow a structured process that allows their managers to lead with integrity while using the core principles of mission-driven organizations.
In this extremely practical presentation, that Dr. Eyal Ronen has never shared in the past, he will describe the practical steps to creating a clear mission, vision, and values for the organization. He will also describe the 4 things every leader must do in order to be effective in accomplishing his or her, and the organization’s mission.
Affordable Special Events Data Tracking and Analysis4Good.org
Special events can be complex and in the process of planning a perfect event, details can be missed. Using data to track the ways in which people participated in the event can help you determine what worked, what didn't work and what people are responding to about your event.
Have You Been Sequestered?—Developing Diverse Sources of Revenue4Good.org
Many nonprofits are excessively dependent upon a single type of revenue. The classic example is the organization which is only funded through government contracts or grants. Others may be totally reliant upon one or two private foundations or local corporations. In this webinar, volunteer leaders, agency CEO's and chief development officers will learn the value of diversifying the sources of revenue so as to enhance financial sustainability.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
2. Helping ordinary people raise extraordinary amounts for nonprofits is all we do, and we love it.
A Proud Sponsor of NonprofitWebinars.com
3. Today’s Speakers
Jennifer Ahern Lammers
The Philanthropy Hub
www.philanthropyhub.com
Hosting: Sam Frank, Synthesis Partnership
Assisting with chat questions: Chris Dumas, FirstGiving
5. Agenda
Why the Numbers Matter
Looking Forward
Budgets
Strategic Plans
Looking Back
Annual Report
IRS Form 990
Financial Statements
6. Why the Numbers Matter
They are an important management tool
The are essential for successfully:
planning for the future
responding to crisis
preventing loss and fraud
7. Why the Numbers Matter to Others
They communicate an organization’s priorities
They record an organization’s history
They are one of the only means stakeholders
have of comparing one organization to another
quickly and “objectively”
14. Budget Narrative
What it Covers What Period? Basis?
• Program? • Year? • Cash?
• Department? • Month? • Accrual?
• Organization? • Multi-Year
Span?
15. Budget Basis
Cash Accrual
records all revenues records revenues and
and expenditures expenses when they are
when cash is either incurred, regardless of
received or disbursed when cash is exchanged
easily manipulated to
more accurately reflects
financial position and is
cover financial
harder to manipulate
shortcomings
16. Budget Presentation
Revenues Expenses
Sources Categories
Grants
Contributions Personnel
Earned Income Benefits
Interest Other Than Personnel (OTP)
Other
17. Personnel Costs
Salaries
Benefits
Insurance
AccruedVacation
401k/403b contributions
Taxes
Personnel Costs are often 70% or more of total
expenses
Fringe Benefit costs add between 18 – 35% over
salaries
18. Common OTP Natural Categories
Rent/Occupancy
Insurances
Depending Utilities
Travel/Transportation
on
Mission
Small Equipment
Office Supplies
Professional Fees (accountants, lawyers)
Interest
19. Projects and Program Budgets
Clearly labeled as to project/program and time
period
Present all sources of revenue, indicating any money
transferred temporarily restricted funds raised in a
prior period and/or allocated from the
organizations unrestricted funds
List expenses by Personnel/Benefits and then OTP
costs
Conform with organization’s total budget
20. After School Sports Program
2010 -2011 School Year Support (Fiscal Year July 2010 - June 2011)
Revenues
Enrollment Fees $33,350.00
United Way $17,750.00
General Support Funds Allocated to Program $5,500.00
Total Revenues $56,600.00
Expenses
Salaries
Full Time Instructor $28,000.00
Part-Time Aids $10,500.00
Benefits $9,205.00
Allocated Space & Utility Cost $1,300.00
Insurances $3,500.00
Allocated Depreciation $225
Program Marketing $500
Equipment $1,200.00
Snacks $950.00
Transportation $1,200.00
Total Expenses $56,580.00
Excess Revenue over Expenses $20.00
21. Department/Division Budgets
Span the gap between projects and total
organization
Include revenues earned by and grants restricted to
programs and projects in the division
Include space costs, equipment depreciation, utilities
and other “allocated” costs
Should aim for a profit
22. Organizational Budgets
Include all sources of revenue
Include all expenses for programs and support
areas
Should present expenses by major programs and
support areas
Additional information on natural classifications
(salaries, rent, supplies) should be provided when
appropriate and in “column” fashion
23. Youth Organization for Urban Teen Health (YOUTH)
Fiscal Year July 2010 -June 2011
Revenue
Enrollment Fees $63,300.00
Grants $78,000.00
Contributions $33,250.00
Branded Item Sales $8,500.00
Interest and dividends $5,300.00
Totat Revenue $188,350.00
Expenses
Program
Breakfast Tutor Program $22,350.00
College Prep Program $45,000.00
After School Sports Programs $56,580.00
Total Program Costs $123,875.00
Support Services
Management and General $28,750.00
Fundraising $19,500.00
Total Support Costs $48,250.00
Total Expenses $172,125.00
Excess (deficit) of Revenue After Expenses $16,225.00
24. Strategic Plan
3 to 5 year narrative and financial projection
Includes costs of proposed program growth or
expansion including but not limited to salaries,
space, marketing, necessary fundraising, etc.
Identified environmental issues that could impact
revenues or expenses
Is tied to the organization’s long term mission goals
A strategic plan without an attached budget is not a
strategic plan
25. Budget Communication
Not every one needs to see the same level of detail
The standard Personnel/OTPs presentation of
expenses works for smaller projects, programs and
internal uses of department or division budgets
The more compact Program/Management/
Fundraising presentation is often better for
presenting the whole organization budget to stake
holders
26. LOOKING BACK
Accounting for Prior Activities & Expenditures
27. Achievements of the Past Year
The Annual Report
IRS Form 990
Financial Statements
28. The Annual Report
A single document that includes:
Mission
Program highlights
Revenue and expenses for current year
Board roster
Provided to anyone seeking information on your
organization
29. Annual Report Tips
Need not be an expensive glossy publication
Can be made “multi-year” by having a folder flap
on the back cover in which updated board roster
and financial information are inserted
Can be online and printed only for those without
internet access
30. The IRS Form 990
IRS form filed annually by public charities and
private foundations
Form list assets, receipts, expenditures and
compensation of officers, among other facts
Forms are publically available from the IRS,
charities, and on Guidestar.org
31. Which Organizations have to File?
Private foundations. They file a Form 990-PF.
Larger nonprofits that have gross receipts of more
than $25,000 have to file Form 990 or 990-EZ
Small nonprofits with gross receipts of $25,000 or
less must file the new form electronic 990-N (the e-
postcard) to maintain exempt status
Instructions and forms can be found at
http://www.irs.gov/pub/irs-pdf/i990.pdf
http://www.irs.gov/pub/irs-pdf/f990.pdf
32. Recent 990 Changes
Guiding principles:
Enhancing Transparency
Promoting Compliance
Minimizing the burden on nonprofits
Why is this important?
33. The Core Form
I. Summary
II. Signature Block
III. Statement of Program Service Accomplishments
IV. Checklist of Required Schedules
V. Statements Regarding Other IRS Filings and Tax Compliance
VI. Governance, Management, and Disclosure
VII. Compensation… (with Sections A, B, C)
VIII. Statement of Revenue
IX. Statement of Functional Expenses
X. Balance Sheet
XI. Financial Statements and Reporting
34. Some of the Supplemental Schedules
A. Public Charity Status and Public Support
B. Schedule of Contributions
C. Political Campaign and Lobbying Activities
D. Supplemental Financial Statements
E. Schools
F. Statement of Activities outside the US
G. Fundraising or Gaming Activities
H. Hospitals
I. Grants and other Assistance to Organizations
J. Compensation Information
K. Supplemental Information on Tax Exempt Bonds
L. Transactions with Interested Persons
M. Non Cash Contributions
N. Liquidation, Termination, Dissolution or Significant Disposition of Assets
O. Supplemental Information
35. The New 990
First Page Priorities
BEFORE AFTER
No mission statement Mission statement, line 1
Board, staff and volunteer info
No staff, volunteer or before numbers
board information Revenue and its sources,
combined into larger categories
Revenue and its sources, Expenses with less intuitive break
in detail downs, highlighting salaries,
member benefits and
Expenses broken down professional fundraising fees
by Program Services, Program and Admin expenses
joined in “other expenses”
Admin, and Fundraising
36. More Information, Easier to Find
Greater emphasis on narrative information,
especially as it pertains to mission, policies, and
procedures
Real questions about management practices
Management and board should review the
document before it is filed with the IRS
The form, as filed, is available to the public
37. Complete Financial Statements
Audit Opinion
Statement
Statement Statement Cash Flow of
Notes
of Position of Activity Statement Functional
Expense
38. The Audit Process
Provides an independent review of procedures and
accounting of significant transactions
Provides constructive recommendations for
improving systems and procedures
Satisfies external compliance requirements from
funders and some state agencies
The Gold Standard
39. Audit Opinions
Disclaimer of
Unqualified Qualified Adverse
Opinion
• Considered a • Statements • Statements • “No opinion”
“clean have one or do not on statements
opinion” more conform to • Auditors were
• States that material GAAP unable to
statements problems • Readers are apply
are • Raises provided “no auditing
presented awareness of assurance” on standards
fairly issues the figures • Very unusual,
rarely issued
40. Other Options
• Step down from a full audit
• CPA provides only limited assurances based on staff inquiries
Reviews and spot checks of procedures
• Further step down
Compilations • CPA provides no assurance as to the validity of the numbers
• Should follow GAAP (FSB 116 and FSB 117) format
Internally • If prepared correctly may be more useful than a compilation
Generated
41. The Statement of Financial Position
a.k.a:
The What you Own – What you Owe
Balance =
Sheet What’s left
42. Balance Sheet
• Most liquid first
• Cash & Cash Equivalents, Contributions Receivable,
Assets Investments, Prepaid Expenses, Fixed Assets, etc.
• Due in 12 months or less first, then longer term
• Line of Credit, Accounts Payable, Accrued Expenses, Long
Liabilities Term Debt, etc.
• Unrestricted (includes fixed assets and any board reserves)
Net Assets • Temporarily and Permanently Restricted
43. ABC Organization
Statement of Financial Postion
December 31, 2010 and 2009
Assets 2010 2009
Cash $50,000 $82,768
Accounts Receivable $256,164 $314,709
Unconditional Promises to Give $229,382 $204,269
Grants Receivable $54,691 $215,875
Prepaid Expenses $28,463 $40,636
Property & Equipment (net of dep) $1,942,736 $1,993,281
Other Assets $19,054 $26,817
Total Assets $2,580,490 $2,878,355
Liabilities and Net Assets 2010 2009
Liabilities
Line of Credit $117,319 $136,400
Accounts Payable $126,394 $151,759
Accrued Expenses $74,000 $91,080
Accrued Payroll and Taxes $48,461 $120,238
Long-term Debt $673,714 $686,150
Total Liabilities $1,039,888 $1,185,627
Net Assets
Unrestricted 1,076,134 1,050,277
Temporarily Restricted 258003 435923
Permanently Restricted 206465 206465
Total Net Assets 1,540,602 1,692,665
Total Liabilities & Net Assets $2,580,490 $2,878,292
44. Asset Classifications
Permanently: Money given that must be invested.
The principal can not be spent, but earnings can
Temporarily: Money given for a specific project or
time period.
Unrestricted: Money given without a specific
assigned use. “In support of the important work of
your organization.”
45. Statement of Activities
Where money came from and what it was spent on
over a particular period of time
Most analyzed statement included in an audit
packet
46. Revenues
Sources of revenue are broken down and often
include:
Individual support
Foundation and corporate support
Special events revenue
Earned income
Interest
Assets released from restriction
47. Revenues (cont’d)
Revenues are presented according to donor
restriction:
Unrestricted
Temporarily Restricted
Permanently Restricted
Although both are accepted by GAAP the column
format – not the stacked – is best as it is much
easier to understand
48. Donor Restrictions
Only donors can make restrictions!
However, we often shape the nature of the
restriction by the language of the “ask”
Make sure your revenues are appropriately
categorized
Make sure you have back up to substantiate nature
of the restriction
49. Expenses
Expenses are presented by program, management
& general, and fundraising
Expenses occur in the “Unrestricted” column
Program expenses are broken down by program
Identified program areas conform with the
organization’s other materials
50. ABC Organization
Statement of Activities
For the Year Ended
December 31, 2009
Temporarily Permanently
Revenue and Other Support Unrestricted Restricted Restricted Total
Service revenues $4,982,631 $4,982,631
Grants $238,000 $151,790 $10,000 $399,790
Contributions $109,058 $77,201 $186,259
Special Events (less of direct
costs of $19,399) $1,976 $1,976
Interest & Dividends $38,032 $38,032
Unrealized Gain $117,425 $117,425
Misc. $21,382 $21,382
Net Assets released from
restriction $406,911 $(406,911) $-
Total Revenue $5,915,415 $(177,920) $10,000 $5,747,495
Operating Expenses
Program Services
Association Services $2,842,480 $2,842,480
Children & Teen Services $675,153 $675,153
Family Supoort $822,531 $822,531
Therapy $1,038,814 $1,038,814
Total Program
Expenses $5,378,978 $5,378,978
Supporting Services
Management and general $188,896 $188,896
Fundraising $166,403 $166,403
Total Supporting
Expenses $355,299 $355,299
Total Expenses $5,734,277 $- $- $5,734,277
Change In Net Assets $181,138 $(177,920) $10,000 $13,218
Net Assets Beginning
of Year $2,348,570 $435,923 $206,465 $2,990,958
Net Assets End of
Year $2,529,708 $258,003 $216,465 $3,004,176
51. Statement of Cash Flows
Reports the cash generated and used during the
year
Least understood statement in the nonprofit setting
Less useful as an end of year analysis that as a
monitored management tool (cash flow projection)
52. Where the Cash Came or Went
converts the reports the reports on
Operating Activities
items purchase and any loan
Financing activities
Investing activities
reported on sale of long- payments
the term made or
statement of investments credit
activities and secured
from the property,
accrual basis plant and
to cash equipment
53. Misc. Organization for Good
Statement of Cash Flow
Fiscal Year Ended September 31, 2010
2010
Cash Flow from Operating System
Increase (decrease) in net assets $XXXX
Adjustments to reconcile decrease in net assets to cash
Depreciation $XXXX
Net realized gain on the sale of investments ($XXXX)
Net unrealized gain on sale of investments ($XXXX)
Change in opertating assets and liabilities
Reimbursable expenditures under contracts ($XXXX)
Contributions receivable $XXXX
Prepaid expenses and other assets $XXXX
Grants payable ($XXXX)
Accounts payable and accrued expenses $XXXX
Net cash (used in) provided by operating activities
Cash flows from investing activities
Purchase of investments ($XXXX)
Proceeds from the sale of investments $XXXX
Purchase of fixed assets ($XXXX)
Sale of fixed assets $XXXX
Use of restricted cash ($XXXX)
Net cash provided by investing activities $XXXX
Cash flows from financing activities
Payment of note payable ($XXXX)
Net cash used in financing activities ($XXXX)
Net increase in cash and cash equivalents $XXXX
Cash and cash equivalents
Beginning of year $XXXX
End of year $XXXX
54. Statement of Functional Activities
Required by GAAP for all voluntary health and
welfare organizations
Required by the BBB for all charities soliciting public
support
An important document for demonstrating priorities
and clarifying necessary expenses
55. ABC Organization
Statement of Functional Expense
For the Fiscal Year Ended December 31, 2009 Program Support 2009
Homeless
Soup Kitchen Night Shelter Intervention Total Program Administration Development Total Support Total Expenses
Compensation and related
expenses
Salaries and Wages 62,000 45,000 36500 143,500 75,000 58,000 133,000 276,500
Payroll Taxes 11000 3000 2000 16000 13,000 6000 19,000 35,000
Fringe Benefits 17360 12600 10220 40180 21000 16240 37240 77,420
Total 90,360 60,600 48720 199,680 109,000 80,240 189,240 388,920
OTP
Outside services 12000 9000 12000 33000 0 36000 36000 69,000
Rent 22000 22000 0 44000 11000 11000 22000 66,000
Depreciation and amortization 20000 14000 0 34000 2000 3000 5000 39,000
Telephone 1000 1000 5000 7000 3000 4000 7000 14,000
Utilities 975 975 1950 400 400 800 2,750
Travel - - 1500 1500 1000 400 1400 2,900
Insurances 6500 8000 2300 16800 1200 7000 8200 25,000
Printing 900 250 1100 2250 11250 18000 29250 31,500
Equiptment rental 4500 0 0 4500 0 6500 6500 11,000
Postage 0 0 0 0 2400 3500 5900 5,900
Event Space Rental 0 0 0 0 0 22000 22000 22,000
Misc. 222 457 354 1033 354 555 909 1,942
Total 68097 55682 22254 146033 32604 112355 144959 290,992
Total
Expenses 158,457 116,282 70,974 345,713 141,604 192,595 334,199 679,912
56. The Notes
Not to be ignored
If you think someone reviewing your financial
statements would be more informed if they knew
(fill in the blank) . . . it should be in the notes
Note 1 (or 1a) is the first narrative opportunity
an organization has in its financial statements
Its
content should be given the same care and
thought as any other publicly available materials
57. About the Speaker
Jennifer Ahern Lammers, Founder, The Philanthropy Hub
Jennifer brings a passion for seeing nonprofits succeed and an in-depth knowledge of the sector to
each of her training offerings. Her areas of special focus include accountability, governance,
financial communication, and ethics. Jennifer has created and delivered dozens of nonprofit specific
accounting, budgeting and management trainings for charities in a wide range of fields, including
workforce development, AIDS services, housing, and volunteer management. In 2002, in NYC, she
helped launch the Certified Nonprofit Accounting Professional (CNAP) program, through which 100s
of nonprofit professionals have received intensive financial and accounting instruction. In
partnership with Parent, McLaughlin & Nangel, Jennifer brought the CNAP training to MA in 2008.
Formerly, she was vice president and director of the New York Philanthropic Advisory Service for
the Better Business Bureau, one of the largest charity watchdog and donor education programs in
the country. While with the BBB, she managed the evaluation of over 1000 charities and
developed the National September 11th Charity Database.
Jennifer holds a Masters of Public Administration from New York University, and received her
Bachelor of Arts from the University of Chicago.
58. Find the listings for our current season of webinars
and register at
NonprofitWebinars.com
Chris Dumas
Chris@NonprofitWebinars.com
707-812-1234
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