Financial planning for nonprofit organizations
An indispensable survival tool for these challenging times Financial Planning for Nonprofit Organizations provides practical, proven strategies to safeguard your nonprofit organization's financial future. It coaches you in the essentials of financial planning and supplies easy-to-use tools and techniques for the financial management of nonprofits of every size and type. Drawing upon her extensive experience in financial management for nonprofits, author Jody Blazek: Covers major functional issues in financial planning: administration, roles and responsibilities, budgeting, asset management, and internal controls Arms you with easy-to-implement processes and procedures that make financial management a more streamlined, effective process Describes surefire methods for understanding, interpreting, and using financial information Supplies dozens of worksheets, forms, and checklists that make it easier than ever to manage your organization's precious financial resources Financial Planning for Nonprofit Organizations is must reading for anyone involved in the financial survival of a nonprofit organization. Increased competition for an ever-shrinking funding base, and more stringent legislation and government scrutiny, may weaken a nonprofit organization's financial situation. As author Jody Blazek makes abundantly clear in this valuable guide, every nonprofit's best line of defense in these difficult times is sound financial planning. Financial Planning for Nonprofit Organizations gets you quickly up and running with financial planning concepts, tools, and techniques designed to safeguard your organization's financial future. You will learn how to fine tune investing and budgeting practices to make the very most of those hard-won contributor dollars, manage and maximize precious resources to fulfill the organization's mission, and achieve the best possible year-end results without endangering its long-term financial picture or tax-exempt status. Ms. Blazek leads you step-by-step through the major areas of financial planning, including general administration (tracking, reporting, and financial analysis); the roles and responsibilities of staff, board members, and professional advisors; developing and implementing budgets; asset and resource management; and internal controls to prevent waste and fraud. With a thorough understanding of the complexities of nonprofit financial planning, you'll make wiser decisions about your organization's future. Drawing upon her considerable experience advising nonprofits, she describes proven, easy-to-implement ways to streamline the financial management process. You'll explore a variety of tested budgeting strategies, learn accounting and financial reporting techniques, understand how to use a business-like approach to managing working capital, and discover more efficient methods for interpreting and using financial information. Ms. Blazek also supplies useful worksheets, forms, and checklists that make it easier to manage your organization's financial resources. Financial Planning for Nonprofit Organizations is a valuable resource for directors, managers, trustees, accountants, lawyers, and all those responsible for the financial success of a nonprofit organization.
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Chapter Two Structuring the Organization
1a State Association of Nonprofit Managers Organization Chart
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accounting system Accounts payable activities AICPA allocation annual approved assets ASSOCIATION of NONPROFIT audit balance benefit board members budget business league capital cash flow Chapter charitable charitable organization chart of accounts checklist chief financial officer cial Continued costs directors donations donor employee endowment evaluate example exempt organization exempt purposes Exhibit 6.6 expenditures expenses FASB federal filed financial planning financial reports financial statements financial transactions fiscal for-profit Form function fund-raising GAAP gifts goals grant independent contractors interest internal control investment invoice issues ledger liabilities mission monitored Nonprofit Managers nonprofit organization officers operations organization's organizational paid payment payroll payroll taxes performance personnel persons pledge prepared private foundations profit purchase ratio receipts received records restricted funds revenue SANM Section shown in Exhibit Single Audit staff tion Total trust unrelated business activity volunteers