Nonprofit Finance Series (Chicago)

When: 
Thursday, January 31, 2019 - 9:00am to Wednesday, May 1, 2019 - 12:00pm CST
Where: 
Forefront Large Conference Room
208 S. LaSalle Street, #1535
This event is open to: 

Operating Nonprofit members of Forefront and the general public.

Having trouble with registration? Click here.

If you have any accessibility needs or require assistance with registration, please contact us at registration@myforefront.org. Please be sure to include the title and date of the program in your email.

$515.00
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Nonprofit finance is about more than just numbers – it’s about making your strategies and priorities come to life. The following series examines the technical and strategic aspects of nonprofit finance with a focus on calculating and communicating your real costs.

This is four-part finance series. Registering for all four workshops in this series will get registrants a 20% discount off the single-workshop price ($515 non-members/$305 members). To register for an individual workshop, click on the title below.

Understanding Your Organization’s Financial Health
Date:    January 31, 2019
Time:    9:00am-12:00pm
To ensure financial resilience in the long-term, it is critical to understand the “story” behind your organization’s financial results so you will be better equipped to understand the true cost of delivering programs, approach funders with the right ask, and convey your financial story to key internal and external stakeholders. This workshop will provide the tools you need to better understand your organization’s current financial health and trends over time, and how this information compares to industry benchmarks in the nonprofit sector. Participants will learn:
•    What financial health means for a nonprofit organization
•    How the ability to cover the true costs of services is a critical component of the overall picture of financial health
•    How to understand the information contained in key financial statements
•    Key indicators of nonprofit financial health, including relevant benchmarks

This workshop is ideal for nonprofit professionals who are responsible for program or organizational strategy or budgeting.

Budgeting for True Cost
Date:    February 28, 2019
Time:    9:00am-12:00pm
An understanding of the true cost of programs can help leaders make more informed and strategic decisions about how to allocate resources. This workshop will explore effective ways to advocate for the funding of indirect costs in grant proposals and budgets. Participants will learn to:
•    Understand the real costs of program delivery
•    Identify shared and indirect costs
•    Understand different cost allocation methodologies
•    Build indirect costs into program budgets
•    Craft a fully-loaded budget to submit to a funder
•    Communicate the story of your organization’s “overhead” to funders and other external stakeholders

This workshop is ideal for nonprofit professionals who are responsible for fundraising, program or organizational reporting, or budgeting.

Managing Financial Performance
Date:    March 29, 2019
Time:    9:00am-12:00pm
Once you have gained an understanding of the true cost of service delivery and created a plan to fund those costs over the course of the year, the next step is to monitor your progress against that plan. In this workshop, we will introduce key concepts and best practices on financial performance management. Participants will learn:
•    Financial reporting best practices for board, leadership, and staff
•    Common key performance indicators for nonprofits
•    Strategies for improved communication across functions

This workshop is ideal for nonprofit professionals who are responsible for program or organizational budgeting or financial management.

Operational Excellence
Date:    May 1, 2019
Time:    9:00am-12:00pm
A key component of running an effective organization is investment in supporting services and infrastructure. In this session, we will explore resources needed in “non-program” functions—staff capacity, technology systems, and efficient workflow—in order to optimize an organization’s operations. This session will leave participants with a renewed vision of what it means to operate at the highest levels. Participants will learn to:
•    Leverage technology (including accounting software) to increase efficiency
•    Maximize staff capacity in the finance function
•    Use data to drive decision making
•    Institute a culture of continuous improvement

This workshop is ideal for nonprofit professionals who are responsible for department or organizational strategy, financial management, or operations.

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