- This event has passed.
SERIES: Executive Director Fiduciary Excellence
April 3 @ 11:30 am - May 1 @ 1:00 pm
Five-week course empowers executive directors with nonprofit financial best practices to enhance their contributions effectively.
Join our comprehensive five-week course tailored for executive directors, equipping them with vital nonprofit financial strategies. Delve into core roles, money management with boards and staff, financial reports, fraud prevention, and more. Includes 1:1 advisory sessions, light weekly homework, and abundant written resources.
- Week 1: Core roles and duties – 04/03/2024
Explore essential topics for executive directors and financial staff, covering roles, legal requirements, fraud prevention, liability, and more, ensuring a solid foundation for effective nonprofit management. - Week 2: Money and Your Relationship with Board and Staff – getting it right – 04/10/2024
Discover strategies for cultivating strong relationships between executive directors, staff, and boards to ensure effective financial management. Delve into budgeting, reporting, accountability, and fostering engagement for optimal organizational performance. - Week 3: Financial Reports – 04/17/2024
Explore the significance of financial reports in nonprofit management during Week 3. Learn why they are essential, who receives them, and how to interpret key documents like balance sheets and profit and loss statements. Discover effective dashboard strategies to engage board members and staff in meaningful financial discussions. - Week 4: Fraud prevention, audits; separation of duties – 04/24/2024
Week 4 focuses on fraud prevention, audits, and the importance of separating duties. Learn about establishing internal controls, ensuring segregation of duties, and the significance of audits to maintain financial integrity and transparency within nonprofit organizations. - Week 5: Capstone – 05/01/2024
In Week 5, the Capstone session invites participants to suggest additional topics. Potential themes include budgeting, establishing a finance committee calendar, exploring the profitability of nonprofits, and addressing diversity, equity, and inclusion issues. Discussions may also cover fostering a healthy mindset towards money, key policies like grievance and whistleblower, and areas to avoid for financial sustainability.
