Budgeting and Financial Management for Nonprofit Organizations
In the nonprofit sector, money drives mission. Well-managed budgets and investments can spur long-term growth and achievement, while financial mismanagement can damage or destroy an organization. Lynne A. Weikart, Greg G. Chen, and Ed Sermier—in their exciting new text geared wholly to nonprofits—provide the financial tools nonprofit managers need to thrive in pursuit of mission success.
Given the wide array of nonprofit managers' backgrounds and a common fear of "the financials," the authors explain financial concepts without leaning unnecessarily on intimidating jargon. The result is a practical, accessible resource the prepares the next generation of nonprofit managers in financial planning and analysis as well as conventional and entrepreneurial financial management.
Grounded in real-world cases and offering plenty of opportunity for application and practice, Budgeting and Financial Management for Nonprofit Organizations helps readers develop a stable fiscal foundation and sound financial strategies for their organizations to prosper in times of economic expansion and contraction.
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accrual accounting adjusting entries allocation amount annual balanced scorecard bank benefit theory board members capital budgeting cash flow Center charities complete Schedule contributions corporation cost-benefit analysis create Current Liabilities debit decision depreciation develop discussed donations donors economic endowment evaluation example executive director federal financial manager financial position financial statements fiscal for-profit foundations fundraising grants interest rate investment policy issues liabilities liquidity long-term ment mission municipal bonds net present value nonprofit financial nonprofit managers nonprofit organizations nonprofit sector operating budget organization’s payable payment percent performance measures permanently restricted planning present value profit ratio restricted fund restricted net assets revenues and expenses risk salaries Sarbanes-Oxley Act securities Settlement House social enterprise Sojourner Truth sources staff statement of activities statement of financial strategies Table temporarily restricted tion Total transaction unrestricted year’s