September Topics for High Performance - Finance

Proudly sponsored by: Mauldin & Jenkins

Financial sustainability and accountability are ubiquitous issues for nonprofit organizations as they seek to balance their mission with fiscal responsibility. Because financial sustainability and accountability arise as a result of external demands as well as internal needs, a fiduciary duty exists between the nonprofit organization, the public it serves, and potential donors.

Nonprofits have an obligation to act as responsible stewards in managing their financial resources. They must comply with all legal requirements and adhere to accounting principles that ensure fiscal responsibility and build public trust. For the September Topic for High Performance, GCN is focusing on financial best practices to assist your nonprofit in maintaining fiscal responsibility!

For great financial information and tools, click here to access Mauldin & Jenkins resource page!

CenterView Newsletter

Find the September copy of CenterView relating to Finance by clicking here.

Fundraising Spotlight - Ask the Expert

Q: With all the activity going on at the state level about nonprofit tax exemptions and property taxes, what can an organization do to ensure their property tax exempt status is protected?

Click here for the answer - provided by Mauldin and Jenkins

Fundraising Spotlight - Grant Opportunities

1. National Endowment for the Humanities- Digital Humanities Start-up Grant - Deadline 9/27/2011.

2. Fish and Wildlife Service - Ecosystem Conservation/Avert Endangered Species Grant - Deadline 9/30/2011.

3. Common Goods Fund - General Operating Support Grant - Deadline 10/3/2011.

4. Neighborhood Fund - Neighborhood Improvement Grant - Deadline 10/7/2011.

Tools & Resources

TOHP Quick Tools

Need help linking financial resources with mission achievement? Check out Financial Management of Nonprofit Organizations!

Want to establish clear financial policies and practices? Use Nonprofit Budgeting & Cash Forecasting to help!

Unsure of the health of your nonprofits financial system? Use the Financial Management Self-Assessment to start finding out!

Unsure of the sustainability of your nonprofits financial system? Use the Nonprofit Financial Assessment Tool to evaluate your process!

Nonprofit University Resources

Certificate Programs starting in September:

1. Certificate of Advanced Nonprofit Management & Leadership. Click here for more details.

2. Certificate of Nonprofit Finance & Accounting Essentials. Click here for more details.

Additional Solution Sets, Toolkits, and Curriculum Materials available for GCN Members Only! Login or Become a Member!

Additional Resources

The Sarbanes-Oxley Act and Implications for Nonprofit Organizations. (2006). BoardSource.

Business Planning Tools for Nonprofit Organizations. (2006). SCORE: Counselors to America’s Small Businesses.

Financial Sustainability and Accountability: A Model for Nonprofit Organizations. (2003). Anne Abraham, University of Wollongong.

Sarbanes-Oxley: What it Means to Nonprofits. Marcus Owens, Caplin & Drysdale.

Networking Opportunities & Events

Preparing for Your Capital or Endowment Campaign
Date: Friday, September 9, 2011 from 8:30am - 3:30pm
Location: Georgia Center for Nonprofits, 100 Peachtree Street NW, Suite 1500, Atlanta, Georgia, 30303
Click here for more details or to register.

Mission Critical Hiring: Using the mission of your organization to inspire exceptional hiring and retention
Date: Tuesday, September 27, 2011 from 8am - 12noon
Location: Shepherd Center’s Callaway Foundation Auditorium, 2020 Peachtree Road NW, Atlanta, Georgia, 30309 (Next to Piedmont Hospital)
Click here for more details or to register.

To learn more about Events hosted by the Georgia Center for Nonprofits click here.