Date and Time: On Demand
Run Time: 90 minutes including Q & A session
Leader: Brad Lebowsky, MBA, Nonprofit Consultant
Hours: Awarded 1.5 credit hours by HRCI and 1.5 PDCs from SHRM
Price: Download $325 (Share the download with your colleagues)
Audience: Executive directors, program managers, managers, supervisors, nonfinancial executives, directors, etc.
Generally, nonprofit managers don’t come from an accounting background. Most likely they were attracted to the organization because of its mission. They understand, however, the success of the individual programs the organization sponsors‒ranging from a clothing drive to a large annual event or being awarded an important private or government grant‒is what ultimately determines whether or not the organization achieves its mission.
Every new program proposal should start with a statement of its goals and objectives and a proposed budget. For many managers, not the goals and objectives, but rather preparing a strong budget is a challenge since they lack an accounting or financial management background to fall back on. This may even be a greater hindrance in the current Covid-19 pandemic environment when resources are more scarce than usual and there is greater competition among programs for the limited resources that are available.
Putting together and managing a program budget or for that matter a budget for a grant doesn’t require an accounting degree. Rather preparing the budget and the related cash flow analysis and indicators to assess the program’s success should be straightforward. All that is required is just a basic understanding of a few accounting rules and definitions that aren’t difficult to grasp. By following these basics you’ll be in a better position to develop and manage your budget, forecast revenues, and adopt practical measures by which to gauge the success of your program and see where you want to make changes for the next time.
Please join Brad Lebowsky, a nonprofit consultant with more than 30 years’ experience working with nonprofit organizations to improve their performance, as he explains in “plain English” and with practical day-to-day examples the accounting rules for putting together a program budget and the supporting cash flow analysis and measurable performance measures that are an essential part of your program’s success.
Please join Mr. Lebowsky for this important webinar as he discusses:
- How to define the financial and nonfinancial goals and objectives of your proposed program
- The contribution of the program to your organization’s overall budget and mission
- Basic accounting terms and rules associated with program budgeting
- Budgeting principles made simple ‒ gathering all the costs both direct and indirect, timeframes, sources of revenues
- Step-by-step guidance for preparing the program budget
- Non-financial costs and benefits–how these should be reflected in the budget
- Updating the budget and using the budget as a management tool to keep your program on track‒making changes to the budget when necessary
- Understanding how and when the cash comes in and goes out with a cash flow statement‒guidance for putting together your cash flow analysis
- Developing measurable program performance measures for measuring the success of your program and making necessary adjustments for the future‒suggestions for putting together your own key performance indicators
- Understanding the basic concept of fund accounting and how individual programs fit in
- Understanding the importance of an individual program to the overall organization
Brad Lebowsky earned his MBA with an emphasis on nonprofit management specializing in finance and budgeting. Brad has more than 25 years of nonprofit management experience and is a sought-after speaker, author, and nonprofit consultant. His areas of expertise include budgeting, finance, grant writing, strategic planning, board training, retention of donors, employees, volunteers, and professional development. He is also the author of Downsizing: Alternatives for Companies; a resource for those affected, and has produced a podcast, The Career Mentor Podcast, which is available on iTunes, Spotify, and Podbean.com. Brad can be reached at Brad@4NEA.com. As a speaker, author, or consultant his overriding goals are to grow people, communities, and resources for nonprofit organizations across the country.