Understanding how financial planning and management aids in accomplishing an organization’s goals and objectives are important concepts for nonprofit leaders. This program will take an in-depth look at several key elements of long-term financial planning and management, and how they are best utilized in accomplishing the organization’s mission. Through lectures and small working groups and case studies, participants will gain a deeper understanding of managing an organization's "balance sheet" through long-term fundraising strategies, creation of reserves and the use of debt.
Taught by leading Kellogg accounting and nonprofit management faculty along with outstanding practitioners, this program is relevant for the nonprofit manager who wants to enhance their financial acumen and better manage the financial resources of their organization.
*If you are relatively new to the principles of nonprofit finance, we recommend completing our introductory Nonprofit Finance program prior to registering for this program. Nonprofit Finance II participants should have an understanding of both operating and cash budgets, as well as the three major financial statements and their interrelationships.
Plan ahead for your organization’s financial future
The Intersection of Financial Management and Mission
Building on our introductory Nonprofit Finance program, this session will take an in-depth look at how proficient financial management can help nonprofits accomplish their long-term goals and objectives and ultimately achieve the organization's mission.
Long-term Financial Planning
This program will look at the importance of planning for the future by developing a long-term financial strategic plan. This includes the long-term financial planning process, the development of a sound financial model, and the role of the CFO in financial planning.
Capital budgeting in practice will be the focus of this session. This includes the evaluation of capital projects, managing the total capital budget, and rationing the organization's capital. In a small group setting, participants will have an opportunity to prepare a capital budget in class.
Capital structure is defined as the mix of debt and equity that an organization would like to have to finance its noncurrent assets, sometimes referred to as fixed assets. This session will discuss the use of debt and equity (net assets) in the nonprofit's capital structure.
Financial tools and Accountability
The passage of the Sarbanes-Oxley in 2002 has revolutionized governance and internal controls in the business world, and its effects are rapidly being integrated into nonprofit management processes. Nonprofit organizations provide unique challenges in this area. This session will focus on elements of financial structure that promotes accountability, transparency, and the building of trust.
Jim Croft - Academic Director; Academic Director of Nonprofit Finance Programs, Center for Nonprofit Management, Kellogg School of Management
Charles Katzenmeyer - Vice President of Institutional Advancement at The Field Museum
Kenneth Kerznar - Financial consultant and retired investment banker
Marian Powers - Adjunct Professor of Executive Education
Nonprofit Management Programs are held at Northwestern University's Chicago Campus.
340 East Superior Street
Chicago, IL 60611
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.
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. All applications are initially submitted at the full list price. Each is reviewed by our registrar and any scholarships granted will be reflected in the amount applied to your invoice or charged to your credit card.
Participants are responsible for booking their hotel accommodations during their stay in Chicago.
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.
Please email or call us if you would like additional information about Nonprofit Programs
February 28 - March 1, 2018
Start: February 28 at 8:30 AM
End: March 1 at 5:00 PM
LOCATION: Chicago campus