CERTIFICATE IN NONPROFIT MANAGEMENT COURSES
Financial Management: Fundamentals for the Nonfinancial Manager
Offered in Partnership With
We are pleased to announce that the next section of Financial Management will be offered in partnership with Lumity . Lumity empowers nonprofits through technology and financial consulting services and trainings, and partners with Community Technology Centers to be sustainable and offer workforce development trainings. They also manage NPO.net , Chicago’s most active nonprofit job board. We are excited about the expertise that Lumity will bring to this course.
This course will explore the fundamentals of nonprofit financial management. Learn how to plan an organizational budget, implement best practices in policies and procedures, clarify the roles and responsibilities of board and staff, interpret basic financial statements and comply with legal reporting requirements.
Sample Syllabus - subject to change at the instructor's discretion.
This intensive five-week course explores the following topics:
• How financial management practices in nonprofit organizations relate to an organization's mission and the roles and responsibilities of the key players involved
• Policies and procedures that guide the financial management system
• The planning component of financial management
• Financial reporting and its ability to show an organization how to assess the effectiveness of its services
• Legal reporting requirements as they relate to donor acknowledgements, lobbying activities and annual governmental reporting
Special features of this course:
• A weekly Resource Center provides carefully tailored readings and other resources
• “Studio” activities provide opportunities for new and experienced practitioners to cultivate practical skills
• Original case studies and problem-based learning activities
• In-depth weekly discussions on the real-life challenges and opportunities of financial management
• Small class size of 25 participants
What you and your organization will gain from this course:
• Understand the roles and responsibilities of the board, senior management, program staff and financial staff in an organization's financial management system
• Create a budget that supports the strategic objective of the budgeted time frame
• Identify the difference between restricted and unrestricted funds and be able to reconcile reporting from accounting and fundraising
• Interpret financial data and communicate financial position to internal and external users
• Analyze the components and purpose of Form 990, including the marketing aspect
This course requires the participant to have basic literacy with spreadsheets (such as Excel).
This is an instructor-led course delivered entirely online. It is highly interactive and requires active participation on discussions boards and completion of assigned projects. We estimate spending an average of 8 – 10 hours per week on each Certificate in Nonprofit Management course. For this reason, we highly recommend students participate in no more than two CNM courses at a time.