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Financial Management

at Third Sector New England - Downtown

Course Details
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89 South St
Btwn Essex & Tufts Streets
Boston, Massachusetts 02111
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Class Level: All levels
Age Requirements: 21 and older
Average Class Size: 10

What you'll learn in this finance training:

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.

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Third Sector New England

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Located near South Station.

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School: Third Sector New England

Third Sector New England

Founded in 1959 as the Massachusetts Health Research Institute, Third Sector New England has expanded our programs over the past half century to serve nonprofits throughout New England and across the country. Today, we are using new tools and strategies in our work to support our clients and partners,...

Read more about Third Sector New England

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