- February 27 – Intro to Financial Statements (Snow Day: March 2)
- March 5 – What to Look for in a Nonprofit’s Financial Statement (Snow Day: March 9)
- March 12 – Looking at the 990 Part 1 of 2* (Snow Day: March 16)
- March 19 – Looking at the 990 Part 2 of 2* (Snow Day: March 23)
- March 26 – Using Financial Statements Together with IRS Form 990 to Understand Your Potential Grantees (Snow Day: March 30)
- April 9 – Getting the Financial Information You Need Without Overburdening Grantees (Snow Day: April 13)
* 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. Due to the intensive nature of this session, it will not be offered via remote access.
PNY Members: Log into your Philanthropy New York account to view the available recordings of the 2020 Financial Series.
In this premiere 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.
Upon completing this session, participants will be able to:
- Understand the basic components of the financial management function
- Explain the difference between internal and external financial reporting
- Define the building blocks of financial statements: transactions and accounts (assets, liabilities, net assets, revenue and expenses)
- Explain the purpose of an audit and the audit process
- Define the four basic parts of an organization’s audited financial statements (balance sheet, income statement, cash flow statement, and footnotes)
- Rachel DeMatteo, Manager, Your Part-Time Controller, LLC
- Eleanor (Ellie) Hume, Senior Manager, Your Part-Time Controller, LLC
Funders who are new to assessing nonprofit financial data for whom financial due diligence may be a component or desired component of the grantmaking process. It is also recommended for more experienced grantmakers seeking a refresher in the fundamentals to reviewing financial statements.
8:45 - 9:00 AM Check-in
9:00 - 11:00 AM Program
Registration is required by February 26th. Space is limited.
Members: To register yourself and/or a colleague at your organization, please log in and click the Register Now link above. (no fee)
Please note: To ensure fairness among our members, we reserve the right to limit the number of attendees per organization for select professional development programs.
Please email firstname.lastname@example.org with any questions.