Nonprofit Finance

Frameworks for Organizational Success

Knowing the "numbers" is a complex challenge for all leaders. For senior executives of nonprofit organizations, this practical program will improve your understanding of — and ability to manage — the entire financial picture of your organization. Through lectures and small group projects, you’ll explore current issues and challenges in nonprofit finance, acquire essential budget and financial tools and learn how to build operating, and cash budgets.

Guided by experts in nonprofit finance and accounting, you’ll develop analytical skills for understanding your financial position more fully, work hands-on with audited financial statements and learn how to ask the right questions and identify threats to the financial sustainability of your nonprofit organization. You’ll leave with enhanced financial acumen and better equipped to manage your organization’s financial resources successfully.

Center for Nonprofit Management

Gain the tools to analyze your organization’s financial position

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Who Should Attend

  • Senior nonprofit executives and active board members responsible for shaping their organization’s direction, mission and programs
  • Nonprofit CEOs, executive directors and major program managers seeking new tools and approaches to improving their organization’s financial performance
  • Mid-level nonprofit managers looking to take their careers to the next level by learning about the finance function of a nonprofit organization

Key Benefits

  • Develop the analytical ability to look at the revenue and expense sides of your nonprofit organization
  • Look for threats to the financial sustainability of your nonprofit organization and responses to those threats
  • Learn to think about current assets and ways to leverage those assets for the future

Program Content

Introduction to Nonprofit Finance

  • Explore current issues in nonprofit finance including challenges such as the general economy, funding cuts from federal, state and local sources, and greater competition in the philanthropic marketplace
  • Identify solutions to the challenges such as effective use of budgeting and financial tools, more comprehensive understanding of finance operations, and building capacity for more collaborative relationships
  • Understand two key budgets used by nonprofit organizations: the operating budget and the cash budget
  • Participants will have the opportunity to build each type of budget throughout the day by working on an interactive case study

Understanding & Using Financial Statements

  • Identify the three major financial statements and their interrelationships
  • Get hands on experience with actual audited financial statements from two prominent nonprofit organizations and those of your own organization
  • Develop skills at asking the right questions about financial statements
  • Examine key performance indicators

Faculty

Jim Croft - Academic Director; Academic Director of Finance Programs, Center for Nonprofit Management, Kellogg School of Management

Marian Powers - Adjunct Professor of Executive Education

Fees & Accommodations

Location

Nonprofit Management Programs are held at Northwestern University's Chicago Campus.

Wieboldt Hall
340 East Superior Street
Chicago, IL 60611
Directions

Chicago Campus Parking Map - Please Note: the Huron Superior Parking A lot and the Erie Ontario Parking C & D lots are available to the public and should be used when attending programs at Wieboldt Hall.

Application Deadline

The deadline for registration is 10:00 am one business day prior to the program start date.

Scholarship Assistance

Up to 50% scholarships are available for all of our nonprofit executive education programs for those working in nonprofit organizations.

Accommodations

Participants are responsible for booking their hotel accommodations during their stay in Chicago.

Download Recommended Hotel List

Cancellation Policy:

Participants must notify the Program Manager five business days in advance of the program start date if they are unable to attend. Otherwise, participants will be charged 20% of the stated program fees.

When canceling a program registration, participants may choose to rollover their payment to a future program or receive a refund. Participants are allowed three rollovers, after the third rollover, participants forfeit the money paid to the Center for Nonprofit Management.

*Refund or rollover must be requested at the time of the program cancellation. Once a program payment has been rolled over, a monetary refund is no longer an option. The participant must continue with the rollover process.

Personal Consultation

Please email or call us if you would like a personal consultation for Nonprofit Programs

Upcoming Sessions

February 13-14, 2017

Start: February 13 at 8:30 AM

End: February 14 at 4:45 PM

LOCATION: Chicago campus

$950

February 21-22, 2017

Start: February 21 at 8:30 AM

End: February 22 at 4:45 PM

LOCATION: Chicago campus

$950

Kellogg School of Management

James L. Allen Center
2169 Campus Drive, Evanston, IL 60208
Directions
847.467.6018