Nonprofit Finance: Toolkit for Leaders

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.

This program is offered in a live virtual format. Our live virtual programs are built to deliver a rich experience that’s comparable to our in-person programs. You will have the opportunity to engage with our faculty and your peers in live discussions and lecture sessions. You will come away with the tools to navigate and succeed in the new business landscape.

Center for Nonprofit Management

VIDEO: Learn more from Center Director Jennifer Paul

Gain the tools to analyze your organization’s financial position


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


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

Marian Powers - Adjunct Professor of Executive Education

Accommodations, Fees & Policies


This program is delivered in a live virtual format via the Zoom platform. Please visit our live virtual programs page for more information.

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. All scholarship requests are reviewed by our Registrar and any scholarships granted will be reflected in the amount charged to your credit card.


  • If you request a scholarship, your credit card is submitted upon registration and will be charged once your request is approved (allow 1-2 business days for review).
  • If you do not request a scholarship, your credit card will be charged upon application submission.

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 two rollovers, after the second 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.

Approved By CFRE


Full participation in this Kellogg Nonprofit Executive Education program entitles you to 14 points in Category 1.B—Education of the CFRE International application for initial certification and/or recertification.

Note: Participants who wish to apply for continuing education points on their CFRE application for initial certification and/or recertification will be able to access a tracking form on the course site, once they register for the program.

Learn More

Please email or call us if you would like additional information about Nonprofit Programs

2024 Session

September 30 + October 1, 8, & 9, 2024

Start: September 30 at 9:00 AM

End: October 9 at 1:30 PM

Format: Live Virtual Program

Program Days
September 30 + October 1, 8, & 9 - ~9:00am-1:30pm CT each day


Scholarships available

Kellogg School of Management

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