Financial planning for nonprofit organizations

About this book

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.