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Nonprofit Financial Planning Made Easy presents straightforward strategies to make financial management a more smooth and successful process. Filled with practical forms and checklists to aid you in planning and managing your organizations' financial resources, Nonprofit Financial Planning Made Easy equips your nonprofit with step-by-step solutions to the dilemmas involved in keeping financial resources and the mission in balance.
- Sales Rank: #772839 in Books
- Published on: 2008-03-03
- Original language: English
- Number of items: 1
- Dimensions: 9.30" h x .92" w x 6.40" l, 1.13 pounds
- Binding: Hardcover
- 256 pages
From the Inside Flap
Nonprofit Financial Planning Made Easy
"Financial planning for nonprofits, like a nonprofit's very purpose for existence, is based upon the philosophical aspirations of persons joining together to accomplish mutual goals. The very purpose for existence of a nonprofit is based on hope, sometimes on prayer, and almost always on dreams...The challenge is to stretch and balance precious resources to best accomplish the dream. Together, the two functions—performing the mission and providing the requisite resources—work in tandem to sustain the nonprofit's existence."
—From Chapter 1 of Nonprofit Financial Planning Made Easy
Are charities wisely using resources to fulfill their missions? Or, are they more concerned about the end of this year, at the future's expense? Good financial planning has always been essential for nonprofits, and nonprofit managers are beginning to realize just how essential, as they face intense competition for a shrinking fund base.
Nonprofit Financial Planning Made Easy presents straightforward strategies to make financial management a more smooth and successful process. Including a glossary of tax and financial terms unique to nonprofits, this book explores:
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The process of preparing and monitoring budgets
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How to monitor cash flow to maximize the yield on cash and other invest-ment assets
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Financial records and the decisions an organization makes in establishing its accounting systems
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Ratio analysis techniques useful in pinpointing weaknesses and identifying hidden trends
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The criteria for, and the means ofobtaining and retaining, special tax treatment
Filled with practical forms and checklists to aid nonprofit managers in planning and managing their organizations' financial resources, Nonprofit Financial Planning Made Easy equips nonprofits with step-by-step solutions to the dilemmas involved in keeping financial resources and the mission in balance.
From the Back Cover
An essential guide to understanding the basics ofnonprofit financial planning, written by a well-known and respected name in the field
Nonprofit Financial PlanningMade Easy provides proven and practical techniques to improve your nonprofit's financial planning. Drawing upon her extensive experience in the financial management of nonprofits, author and nonprofit financial expert Jody Blazek:
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Discusses how to structure your organization for fiscal strength
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Arms readers with easy-to-use procedures that make financial management a more streamlined and effective process
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Describes reliable methods for maximizing resources
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Provides worksheets, forms, and checklists to enable nonprofits to manage their organization's precious financial resources
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Enables nonprofit professionals to evaluate financial reporting sys- tems, GAAP and FASK, internal controls and the auditing process
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Covers major functional issues in financial planning including roles and responsibilities, budgeting, asset management, and financial analysis
Nonprofit Financial PlanningMade Easy is a must-read for directors,managers, trustees, accountants, lawyers, and anyone involved in the financial livelihood of a nonprofit organization. Written in the light of increased scrutiny and accountability of nonprofits, this indispensable book coaches readers in the essentials of financialplanning and supplies easy-to-use tools, concepts, and techniques for the financial management of nonprofits of every size and type.
About the Author
Jody Blazek is a partner in Blazek & Vetterling, LLP, a Houston-based CPA firm providing tax compliance and auditing services to tax-exempt organizations and tax consulting services to other accountants and lawyers who serve nonprofits.She serves on the Transparency and Financial Accountability Work Group of the Panel on the Nonprofit Sector of Independent Sector, the AICPA Tax-Exempt Resource Panel 990 Task Force, and is a member of the Exempt Organization Tax Review advisory board.
Most helpful customer reviews
1 of 1 people found the following review helpful.
Rainmaker-Solutions.net Nonprofit Books Review
By Robert Pfaff
NONPROFIT BOOK REVIEW: Financial Planning for Nonprofits
www.rainmaker-solutions.net
With a background in fundraising and finance, and advanced training in financial planning for individuals, I had made some personal, interesting connections between these otherwise disparate topics; so I was curious to learn more about the subject. I was also surprised by a glib interviewer who asked me, with a sneer: "What is financial planning for nonprofits?" The question caught me off guard because it incorporates everything that makes an nonprofit into a sustainable organization. I needed to organize my ideas.
When I first went to search for books on nonprofit financial planning, I entered those two key words into Amazon.com. I only received two hits: both by the same author, but only one written during this millennium. So it was an easy decision to chose "Financial Planning for Nonprofits Made Easy" by Judy Blazek, published in 2008. I must applaud her for apparently blazing this trail. I just wish we had a more recent edition, or an epilogue that reviewed nonprofit financial planning - prior to the worst economic meltdown in 80 years.
I was bugged by the title at first, because it was so...simplistic. I don't like "For Dummies" books and I avoid content "Made Easy," because I worry that the author has stuck to the conceptual basics, and not provided me with the pragmatic guidance needed to make use of this information. It made me suspect that the author had dumbed-down the topic for a mass audience, when I already had enough background on this topic to handle its complexities. I was not looking for a primer.
I was pleasantly surprised by her thorough, incisive approach, often chiding nonprofits for avoiding the obvious, practical wisdom that financial planning concepts can bring to the organization's immediate growth and future stability. It is a layman's guide, but its not "for dummies." It is rich in vital information and insights. It teaches you how to create a nonprofit that can generate positive revenues and make investments that create wealth, fueling its long-term strategic focus. It validated my own doubts about cost-benefit analysis for special events, as one example - the long recognized but ignored need to evaluate fundraising event "profits" in real terms.
It also teaches you how to create an organization that is both grant-ready and audit-friendly. As a nonprofit consultant, I constantly run into clients that want someone to "write some grants," but do not have the internal capacity (strong board) or basic documentation (audited financial statements) to qualify for major grants. In fact, it takes on every pertinent issue related to nonprofit fiscal health, the basics of endowment management, the imperative of planned giving...and the "penny wise but pound foolish" mentality that haunts the nonprofit sector.
I was pleased to see my own concerns validated in lucid, engaging prose. It does not read like a textbook. It is rich source of genuine wisdom, born of the author's experience, with a passion for helping nonprofits reach their true potential through financial best practices. I highly recommend it to all nonprofit managers engaged in securing a vibrant financial future for a nonprofit organization.
0 of 0 people found the following review helpful.
Great Book on Financial Planning for Non Profits
By Stacey Gould
This book provided a lot of insight which was easy to understand and apply. It's my reference manual when unclear about certain things.
0 of 0 people found the following review helpful.
Good book for non profits
By Barbara Nelson
Book was as advertised and a great help to non profits. Would recommend for any non profit treasurer or board member.
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