Financial Management for Nonprofit Organizations


Financial Management for Nonprofit Organizations

Event Detail: 
Third Sector New England Better Nonprofit Management Training Series

Thursday, March 2, 2017
9:00 a.m. to 3:00 p.m.

Presented by: Gretchen Upholt and Gina McDonald
Fee: $109* (full-day, lunch is included)

Workshop Description

Strategic Financial Planning for Nonprofits

A viable financial management strategy needs to address a vision for the future as well as incorporate an understanding of the past and present positions of the organization. This course will help participants develop a well-designed budget process that facilitates programmatic, strategic, and fiscal discussions among the leadership team, resulting in a mission-driven budget. Participants will learn how to take their budgeting process to the next level, gaining a firm grasp of technical and philosophical best practices regarding the nuts-and-bolts of nonprofit budgeting in a changing environment. The workshop will also introduce participants to theProgram Based Budget Builder, an Excel-based financial planning tool.

Key concepts:

  • Defining financial goals and objectives in the budgeting process

  • Implementing a comprehensive and inclusive financial planning process

  • Identifying, allocating, and building indirect costs into program budgets to understand the real costs of program delivery

  • Creating a funding plan to support your program objectives including budgeting for various scenarios

  • When and how to use multi-year budgets in the planning process

  • Incorporating cash flow projections in the annual budgeting process

The training will begin with some basic budgeting concepts but will also address more advanced concepts for individuals with more experience in budgeting. We encourage not only finance staff but executive, development, program, and board leadership to attend the training. Participants often find the training most useful when they have a team attends together, as there will be opportunities for breakouts and discussions about the planning process at attendees’ organizations.

About the Presenter

Gretchen Upholt is a consultant for Financial Management Associates (FMA). She holds an MPA from New York University’s Robert F. Wagner Graduate School of Public Service and has worked with a wide variety of organizations on developing best practice budgeting techniques.

* If your organization is a tenant of the NonProfit Center, a TSNE fiscal sponsorship project, or an Inclusion Initiative Grantee please contact before registering to request a scholarship rate of $25.00. Scholarships are limited, and awarded on a first-come, first-served basis; maximum 1 per organization per workshop.