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Nonprofit Finance II

Accomplishing Mission through Financial Planning

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, participants will gain a deeper understanding of long-term fundraising strategies, managing an organization’s “balance sheet” through the use of debt, and the best practices of investing an organization’s assets.

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.

Upcoming Sessions

  • Apply Online
    $950
    [+]
    April 24-25, 2017
      
  1. Senior nonprofit executives and active board members responsible for shaping the mission and programs of their organization
  2. Nonprofit CEOs, Executive Directors and major program managers looking for new 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

*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.
In this program, you will:
  1. Develop a better understanding of the intersection of finance and the organizational mission.
  2. Discuss the importance of the long-term financial plan to accomplishing the organization’s strategic objectives.
  3. Learn the importance of managing the “balance sheet”.
  4. Gain a better understanding of capital structure and how to use debt and major fundraising campaigns to accomplish capital objectives.
  5. Explore policies and practices of investing organizational assets.

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

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


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.


Investing the Nonprofit’s Assets


An important part of investing endowment funds and other long-term assets is a comprehensive statement of investment policies and practices that address return objectives, time horizon, asset allocation, and manager selection and evaluation criteria. This session will address these key elements of the nonprofit’s investment strategy.

Jim Croft - Academic Director of Finance, Kellogg Center for Nonprofit Management; Former EVP and CFO, Field Museum

Marshall Front - Chairman and Chief Investment Officer, Front Barnett Associates, LLC

Charles Katzenmeyer - VP Institutional Advancement, Field Museum

Ken Kerznar - Retired President, MICKENI, LLC; Financial Analyst, 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. Additional funding available for Charter Schools.

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 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.

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