This session will focus on the IRS Form 990, which is used by funders as a tool to track and scrutinize the finances, governance, and accomplishments of grant applicants and recipients. The form creates a level playing field for an otherwise diverse sector. What information can be gleaned from the form? What are the critical focus areas?
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:
- Demonstrate an ability to analyze an organization’s financial health through its audited financial statement
- Identify which notes to the financials are integral to your assessment of an organization
- Analyze an organization’s financial statements for potential red flags
- Apply ratios and formulas that will aid in the evaluation and comparison of nonprofit financials
- Identify what questions to raise with the grant applicant or grantee about their financials
- Scott A. Brown, CPA, Partner, PKF O'Connor Davies, LLP
- Anan A. Samara, Principal, PKF O'Connor Davies, LLP
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 26th.
Registrants will receive the webinar link a day prior to each session.
** The Financial Series will be virtual in 2024, with exception for the 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.**