Understanding Financial Tools to Enhance the Nonprofit Mission
In order to carry out its mission effectively, a nonprofit organization needs financial information to make decisions for today and to plan for the future. It is important that executive directors, trustees, and fundraisers understand and utilize financial measures and metrics to evaluate the organization’s progress in order to continue to secure private support. This course will highlight three financial tools used by nonprofits: the financial statement, the operating budget, and IRS Form 990. With one class session devoted to each, we will examine these financial tools so you are able to read and evaluate nonprofit financial statements from a user’s perspective, analyze an organization’s operating budget, and review the preparation of the annual IRS Form 990 filing (Return of Organization Exempt from Income Tax).
You'll Walk Away with
- An understanding of nonprofit financial reports
- Knowledge of legal and accounting implications for nonprofit organizations
- The ability to use financial data to plan mission implementation and expansion
- Nonprofit staff members and volunteers
- Volunteer board members and trustees