Fundamentals of Financial Management for Nonprofit Managers

  • May 15, 2018
  • May 22, 2018
  • 2 sessions
  • May 15, 2018, 9:00 AM 5:00 PM
  • May 22, 2018, 9:00 AM 5:00 PM
  • Westchester Community College, Gateway Center, Room 203, 75 Grasslands Rd, Valhalla, NY 10595
  • 0

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A Two Day Seminar in Partnership with Westchester Community College

Nonprofits rely on sound financial management and processes to ensure the viability of their organizations. Despite the importance of this, many nonprofit professionals don’t have sufficient training in how to manage financial information to complement their extensive program knowledge and experience.

The purpose of Fundamentals of Financial Management for Nonprofit Managers is to provide participants with an understanding of the:

  • Basics of nonprofit financial management
  • The relationship between financial management and their ongoing program responsibilities
  • Stories that financial reports tell to illustrate the impact of their services

This two-day program will cover five key topics:

  1. Financial Management of Nonprofits - the components of nonprofit accounting including functional reporting, restricted income and accrual accounting
  2. Budgeting – purpose of budgets, relationship to strategic plans, types of budgets, how to budget, and indirect cost budgets.   Participants will be asked to prepare a budget for presentation and discussion in the second day of the workshop.
  3. Financial Reports –stories told by budget comparison reports, balance sheets and cash flow projections. 
  4. Internal Controls – components of internal controls:  strategic planning, budgeting, control procedures, and ongoing analysis of financial and program results. 
  5. Annual Audits and Reviews

Instructor: Tonia Papke, Consultant, Support Center, President of MDI Consulting.  

Tonia Papke has thirty years of international and domestic experience in the areas of financial analysis and management, design and installation of accounting systems, strategic and business planning, investment policy statements, and outsourced CFO services. 

In 2001, she founded MDI Consulting – providing financial and operational services to New York and New Jersey nonprofit organizations.  Over the last fourteen years, she has served as part-time or interim CFO to more than two-dozen nonprofits and has been hired to create and implement strong internal controls, install nonprofit fund accounting systems, create financial reporting systems, and develop investment policy statements. Currently, she works with six nonprofits that protect and revitalize the environment, feed the hungry, house the homeless, protect the powerless, and support grass roots political action. 

Tonia is also on the Leadership Council of the Support Center – formerly known as the Support Center for Nonprofit Management.

IMPORTANT NOTES:

  • Registrants must attend BOTH days. 
  • Cancellation Policy: We require at least 7 days cancellation notice prior to the event date for a full refund of the registration fee.
  • While most of the costs associated with this course are covered by a grant from SUNY with an additional subsidy from NPW, a small fee covers the required match. 

In partnership with Westchester Community College


@ 2018 Nonprofit Association of Westchester, Inc. 

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