Training: Management Series

Financial Management

Thursday, March 2, 2017
9:00 a.m. to 3:00 p.m.

Presented by: Gretchen Upholt and Neela Pal, FMA
Training Fee: $109* (full-day, lunch is included)

Workshop Description

Strategic Financial Planning for Nonprofits

A viable financial management strategy needs to address a vision for the future as well as incorporate an understanding of the past and present positions of the organization. This course will help participants develop a well-designed budget process that facilitates programmatic, strategic, and fiscal discussions among the leadership team, resulting in a mission-driven budget. Participants will learn how to take their budgeting process to the next level, gaining a firm grasp of technical and philosophical best practices regarding the nuts-and-bolts of nonprofit budgeting in a changing environment. The workshop will also introduce participants to the Program Based Budget Builder, an Excel-based financial planning tool.

Key concepts:

  • Defining financial goals and objectives in the budgeting process
  • Implementing a comprehensive and inclusive financial planning process
  • Identifying, allocating, and building indirect costs into program budgets to understand the real costs of program delivery
  • Creating a funding plan to support your program objectives including budgeting for various scenarios
  • When and how to use multi-year budgets in the planning process
  • Incorporating cash flow projections in the annual budgeting process

The training will begin with some basic budgeting concepts but will also address more advanced concepts for individuals with more experience in budgeting. We encourage not only finance staff but executive, development, program, and board leadership to attend the training. Participants often find the training most useful when they have a team attends together, as there will be opportunities for breakouts and discussions about the planning process at attendees’ organizations.

About the Presenters

Gretchen Upholt is a consultant for Financial Management Associates (FMA). She holds an MPA from New York University’s Robert F. Wagner Graduate School of Public Service and has worked with a wide variety of organizations on developing best practice budgeting techniques.

Neela Pal is a Senior Consultant at FMA. Neela has a background in project management, with a focus on the development and communications functions, at high-performing non-profit organizations domestically and abroad, including Agora Partnerships, College Summit, and the Aspen Institute. At College Summit, a national college access organization, Neela developed a portfolio of activities around donor outreach, including quarterly newsletters and an Annual Appeal, and helped in the redesign of the organization’s Salesforce database. A freelance writer, Neela has developed and published content for diverse mission-driven organizations, ranging from funding proposals and grant reports to web content and promotional materials. Neela holds an MBA from Yale School of Management and a BA in English Literature from the University of Virginia.

Register here.

* If your organization is a tenant of the NonProfit Center, a TSNE fiscal sponsorship project, or an Inclusion Initiative Grantee please contact trainings@tsne.org before registering to request a scholarship rate of $25.00. Scholarships are limited, and awarded on a first-come, first-served basis; maximum 1 per organization per workshop.

Location

Unless otherwise noted, all workshops are held at TSNE's NonProfit Center, conveniently located in Downtown Boston at 89 South Street, Boston 02111 near South Station. For detailed directions please visit http://www.nonprofitcenterboston.org/directions