Wednesday, June 16, 2021 | 11:00 AM – 12:30 PM CST
The year 2020 brought with it unimaginable challenges for the nonprofit community. Organizations were quickly inundated with employees working from home, the prospect of virtual fundraising efforts and events, and the unknown factors of future cash flow and donor contributions.
With a deeper understanding of nonprofit finance and accounting practices, your organization is better equipped to navigate the new normal in which we find ourselves. In our final session of the series, our advisors will discuss:
- Board Ratios — During this session, we’ll be discussing different ways to analyze and utilize financial information to help your board (and other non-financial-focused stakeholders) understand your organization’s financials in ways that give clarity, context, and benchmarks.
- Functional Expense Allocations — Allocating expenses on a functional basis may be challenging for your organization if a good method of allocation is not used. Time studies can be a great method of allocating expense to better the budgeting process and prepare financials. Our nonprofit staff will share some insight on how to conduct successful time studies.
- Investment Policies & Accounting — During this month’s session, we’ll also look at investment policy and how your organization can establish investment objectives and standards for management to ensure success.
Get up-to-date regulatory information, relevant industry insights, and real-world guidance for your nonprofit through our Nonprofit Financial Success 2021 Spring Series. Click the button below to register today.
We welcome you to invite a guest!
A recording of the meeting, slide deck and a short survey will be sent within 2 business days of the conclusion of the session. Your feedback is essential to the success of these sessions – please consider completing a survey.
CPE credits will not be offered for this session.
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