In this primer to the Financial Series, participants will get a peek into how a grantee assembles the financial statements and the stories they tell. It is a broad overview for all newcomers who must work with nonprofit organizations’ financial statements to assess financial health.
Who should attend?
Funders with less than two years of experience in the field – program-officers, CEOs, and other staff, as well as trustees. It is also recommended for experienced grantmakers seeking a refresher in the basic financial tools of grantmaking.
What will you learn?
Upon completing this session, participants will be able to:
- Understand the basic components of the financial management function
- Define the building blocks of financial statements: transactions and accounts (assets, liabilities, net assets, revenue and expenses)
- Explain the difference between internal and external financial reporting
- Explain the purpose of an audit and the audit process
- Define the four basic parts of an organization’s audited financial statements (e.g., balance sheet, activities statement, cash flow statement, statement of functional expenses, and footnotes)
- Rachel DeMatteo, Director, Your Part-Time Controller, LLC
- Susan Wagoner, Associate, Your Part-Time Controller, LLC
What else should you know?
The PNY Core: Financial Series is a set of perennial programs at Philanthropy New York that help funders understand how to assess organizational health through financial analysis. Designed for philanthropy professionals in any role, from trustee to staff, these interactive offerings help funders build their skills to analyze grantee financial documents.
If you’re interested in this session, you might be interested in one or more of the following in the PNY Core: Financial Series:
- March 7 – Intro to Financial Statements
- March 13 – What to Look for in a Nonprofit's Financial Statement
- March 20 – Looking at the 990
- March 27 – Using Financial Statements Together with IRS Form 990 to Understand Your Potential Grantees
- April 4 – Getting the Financial Information You Need Without Overburdening Grantees
* Financial Series: Intro to Financial Statements is a prerequisite for those who are new to assessing finances. The four-part Interpreting Financial Statements curriculum requires a basic understanding of both documents.
How do you sign up?
Members: Please log in and click the Register Now link above (no fee).
Registration is required by March 6th.
Registrants will receive the webinar link a day prior to each session.
** The Financial Series will be virtual in 2024, with exception for last session that will take place in - person. Non-member foundations can take advantage of the 2024 virtual series for a fee. For more information, please email firstname.lastname@example.org.**