Budgeting and Financial Management for Nonprofit Organizations: Using Money to

Description: In the nonprofit sector, money drives mission. Well-managed budgets and investments can spur long-term growth and achievement, while financial mismanagement can damage and even destroy organizations. Weikart, Chen, and Sermierùin their exciting new text geared wholly to nonprofits provide the financial tools nonprofit managers need to thrive in pursuit of mission success. Given the wide array of nonprofit managers' backgrounds, and recognizing that there is often an inherent fear of "the financials" the authors explain financial concepts without leaning unnecessarily on intimidating jargon. The result is a practical, accessible resource the prepares the next generation of nonprofit managers in financial planning and analysis as well as conventional and entrepreneurial financial management. Grounded in real-world cases and offering plenty of opportunity for application and practice, Budgeting and Financial Management for Nonprofit Organizations helps readers develop a stable fiscal foundation and sound financial strategies for their organizations to prosper in times of economic expansion and contraction. Lynne A. Weikart was associate professor at Baruch College School of Public Affairs, City University of New York, until her retirement. She is currently a practitioner in residence at James Madison University, where she teaches budgeting and financial management. Before her academic career, she held several high-level government positions, including budget director of the Division of Special Education in New York City (NYC) public schools and executive deputy commissioner of the New York State Division of Human Rights. For several years, she also served as the executive director of a nonprofit, City Project, a progressive fiscal think tank focused on reforming NYC's resource allocation patterns. Weikart's current research focuses on resource allocation in urban areas as well as on urban finance, and she has published many articles on these subjects. She is author of Follow the Money: Who Controls New York City Mayors? (2009) and the coauthor with Greg Chen of Budgeting and Financial Management for Nonprofits (2012). The latter was CQ Press. She won the Luther Gulick Award for Outstanding Academic from the New York Metropolitan Chapter of the American Society for Public Administration in 2001. About the Authors Preface I. INTRODUCTION 1. An Introduction to Nonprofits: Mission and Money II. PLANNING AND BUDGETING 2. Budgeting as Part of the Planning Process 3. Liquidity and Managing Cash Flow 4. Analyzing Costs III. FINANCIAL ANALYSIS IN NONPROFIT ORGANIZATIONS 5. Principles of Accounting and Reporting Requirements 6. Understanding Financial Statements 7. Financial Analysis 8. Financial Tools for Informed Decision Making IV. FINANCIAL MANAGEMENT 9. Understanding Revenues 10. Performance Measurement in Financial Management 11. Time Value of Money and Cost-Benefit Analysis 12. Capital Budgeting and Financing 13. Investment Strategies 14. Internal Controls V. NEW DIRECTIONS 15. Adapting to Turbulent Times: Conventional and Entrepreneurial Financial Strategies Appendixes Glossary Index

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Location: Matraville, NSW

End Time: 2024-11-29T23:28:00.000Z

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