Gain a better understanding of practical budgeting skills for nonprofit management and learn how to make your nonprofit's programs thrive.
People don't come to nonprofits to do accounting. Whether as staff or volunteers, people running or serving on a nonprofit are mission focused. It's no wonder that even the bedrock of a nonprofit's financial health, the budget, is at best, avoided, and often an afterthought in nonprofit's planning regimen. . Budget Basics for Nonprofits aims to take the fear and reluctance out of the budgeting. It will deliver a solid overview of the process and provide helpful tools to get the learner started on creating a budget for their nonprofit or program within their nonprofit. Important concepts covered in this presentation include how budgets arise from a nonprofit's mission, the pros and cons of the types of budgeting methods, budgeting for revenue generation, emotional aspects of budgeting, benchmarks for spending and fundraising, and more. This program is for anyone who cares about how to make their nonprofit's programs thrive.
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Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Before the Budget Creation
- Money vs. Budget
- Budgets and Mission
- Budgets and Planning
- Budgets and Power
Methods of Budgeting
- The Budgeting Process
- Incremental Budgeting
- Activity-Based Budgeting
- Value Proposition Budgeting
- Zero-Based Budgeting
Expenses
- Infrastructure (Overhead)
- Program Expenses
- Non-Traditional Workers
- Equipment
Revenues
- Operating Revenues
- Fundraising Benchmarks
- Gifts-In-Kind
- Memberships, Sponsorships and Deliverables
Topic
- Operating Reserves
- Endowments and Quasi-Endowments
- Restricted Funds
- Grants
Keeping Track
- Budget Monitoring
- Dashboards
- Using Software for Nonprofit Budgeting
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on September 25, 2024.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Matt Hugg
Nonprofit Courses
- President of Nonprofit Courses, an online education and training platform with thousands of videos and podcasts from hundreds of content experts
- More than 30 years of fundraising and management experience, including positions with the Boy Scouts of America, Lebanon Valley College, University of Cincinnati, Ursinus College, and University of the Arts, in addition to dozens of consulting clients
- Has taught nonprofit management, fundraising, grant writing, marketing, leadership, and more in graduate programs worldwide, in Africa, Asia, Europe, and the United States for the University of Pennsylvania, Eastern University, Thomas Edison State University, and Juniata College; has also guest lectured at Drexel University, Villanova University, and Luiss Guido Carli (Rome); has provided private fundraising and nonprofit management instruction to Microsoft Philanthropic, Avanade, and RoundCorner (now a part of Salesforce)
- Author of two books and contributor to a third, including The ThinkNP Guide to Nonprofit Consulting: A Practical Workbook for Your Success: Your Step-by-Step Guide to a Successful Business Serving the Nonprofit Sector, Philander Family Values: Fun Scenarios For Practical Fundraising Education For Boards, Staff and Volunteers, and The Healthcare Nonprofit: Keys to Effective Management; in addition, he has written articles for several professional publications
- M.A. degree in philanthropy and development, St. Mary’s University of Minnesota; B.S. degree in natural history, Juniata College in Huntingdon, Pennsylvania
- Can be contacted at [email protected] or on LinkedIn https://www.linkedin.com/in/matthugg/
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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