Date and Time: On Demand
Run Time: 90 minutes including Q & A session
Leader: Brad Lebowsky, MBA, Nonprofit Consultant
Credits: Awarded 1.5 credit hours by HRCI and 1.5 PDCs by 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. They are more likely to be someone who was attracted to the organization because of its mission. Still, every manager needs a basic understanding of nonprofit financial statements if they truly expect to do their job, and fully participate in the management of the organization. This is especially important now during the COVID-19 pandemic when resources are likely to be even more limited than usual, and the need to monitor spending particularly important if the organization expects to continue to fulfill its mission.
You don’t need an accounting degree to understand your organization’s financial reports. Nonprofit accounting rules aren’t difficult to grasp. By understanding the basics you’ll be in a better position to manage your budget, forecast revenues, understand income statements and balance sheets, etc., and see how individual budget line items roll up to become your organization’s annual budget and provide the important goals you’re responsible for delivering. Please join Brad Lebowsky, MBA, a nonprofit consultant with years of experiencing advising his clients, as he walks you through the basics of nonprofit accounting and assists non-financial managers to become more familiar with their organization’s financial reports and budgets during this critical time.
During this important webinar Mr. Lebowsky will discuss:
- The concept of fund accounting and how it applies to nonprofit organizations
- The similarity between “funds” and departments
- Why nonprofits use fund accounting, including the accounting and legal reasons
- The financial statements used in fund accounting and the purpose of each statement
- Using your organization’s Form 990 to improve financial management
- How funds management budgets are developed
- How to understand the financial information that nonprofits must release to the general public
- How to use basic financial information as a tool for managing the organization and fulfilling its mission during this pandemic and in the years ahead
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.