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Nonprofit Finance

Frameworks for Organizational Success

Knowing the "numbers" is a complex task for most nonprofit leaders. This session will help senior executives improve their understanding of the entire financial picture of their organization. Through lectures and small work groups, participants will have the opportunity to better understand their financial statements, to spot financial trends, to identify areas of cost containment and to predict the implications of their management decisions.

Taught by leading Kellogg accounting and management faculty along with outstanding practitioners, this course is relevant for nonprofit managers who want to enhance their financial acumen and better manage their financial resources.

Upcoming Sessions
Session Date Cost
February 17-19, 2015 $950 Apply

  1. Senior nonprofit executives and active board members responsible for shaping the direction, mission and programs of their organization
  2. Nonprofit CEOs,  Executive Directors and major program managers looking for new tools and approaches to make their organizations perform effectively
  3. Mid-level nonprofit managers looking to take their careers to the next level by learning about the finance function of a nonprofit organization
During this course, you will:
  1. Develop the analytical ability to look at the revenue and expense sides of the nonprofit organization
  2. Look for threats to the financial sustainability of your nonprofit organization and responses to those threats
  3. Learn to think about current assets and ways to leverage those assets for the future

Introduction to Nonprofit Finance

  1. 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
  2. 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
  3. Understand three types of budgets: the operating budget, the capital budget, and the cash budget
  4. Participants will have the opportunity to build each type of budget throughout the day by working on an interactive case study

Understanding Your Financial Position

  1. Identify the three major financial statements and their interrelationships, participants will have the opportunity to utilize actual audited financial statements from two prominent nonprofit organizations as well as working with their own organization’s financial statements
  2. Develop skills at asking the right questions about financial statements
  3. Examine some key performance indicators
Jim Croft - Executive Vice President, Field Museum

Marian Powers - Adjunct Professor of Executive Education

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

Wieboldt Hall

Kellogg Conference Center
340 East Superior Street
Maps and Directions


Schedule
Programs typically start promptly at 8:30 am and end by 5:00 pm each day. Once you have registered and paid for a program, you will receive a detailed schedule which includes daily start/end times, session titles, and faculty names.

Program Fees
All two and three-day programs cost $950.00 each. Up to 50% scholarships are available for all of our nonprofit executive education programs for those working in nonprofit organizations.

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

Accommodations
Participants are responsible for booking their hotel accommodations during their stay in Chicago.
Download Preferred Hotel List
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