Nonprofit Financial Management Board & Leadership Training

What you'll learn
Read and interpret nonprofit financial statements including fund accounting and restricted funds
Implement internal controls and risk management procedures to prevent fraud and financial errors
Create and monitor operating budgets, cash flow projections, and financial reserves
Ensure compliance with IRS regulations, Form 990 requirements, and grant reporting obligations
Calculate key financial ratios and performance indicators to assess organizational health
Communicate financial information effectively to board members, donors, and stakeholders
Requirements
No prerequisites are required.
Description
"This course contains the use of artificial intelligence."Effective financial management is critical for nonprofit success, but many board members and leaders lack the specialized knowledge needed to oversee organizational finances properly. This comprehensive course provides nonprofit leaders with practical financial skills to fulfill their fiduciary responsibilities with confidence.Designed specifically for nonprofit board members, executive directors, treasurers, and finance committee members, this course covers everything from reading financial statements to implementing internal controls. You'll learn how fund accounting differs from business accounting, understand restricted versus unrestricted revenue, and master the unique compliance requirements that govern tax-exempt organizations.Through practical lessons and real-world examples, you'll discover how to interpret the Statement of Activities, Statement of Financial Position, and Statement of Cash Flows. You'll explore critical topics including grant compliance, IRS Form 990 preparation, audit processes, and maintaining proper documentation. The course also covers essential skills like budgeting, cash flow management, risk assessment, and communicating financial information to diverse stakeholders.Unlike generic finance courses, this training addresses the specific challenges nonprofit leaders face: managing donor-restricted funds, balancing program costs with administrative expenses, building sustainable revenue streams, and maintaining transparency while protecting your tax-exempt status. You'll learn to calculate key financial ratios, assess organizational financial health, and implement controls that prevent fraud and errors.Whether you're new to nonprofit work or have years of experience, this course strengthens your ability to ask informed questions, spot warning signs of financial trouble, and make strategic decisions that advance your mission. By course completion, you'll have the knowledge and confidence to provide effective financial oversight and stewardship for your organization.Perfect for volunteer board members, staff transitioning to leadership roles, or anyone responsible for nonprofit financial oversight.
Nonprofit board members and trustees seeking to fulfill fiduciary responsibilities,Executive directors and senior staff managing organizational finances,Treasurers and finance committee members overseeing financial operations,Nonprofit professionals transitioning into leadership or governance roles
Homepage

https://www.udemy.com/course/nonprofit-financial-management-board-leadership-training/

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