Budgeting and financial management

Readings and class materials for Thursday, October 13, 2022

Readings

  • Chapter 11 in Grobman, An Introduction to the Nonprofit Sector (Grobman 2021)
  • Chapter 3 in Peri H. Pakroo, Starting & Building a Nonprofit (Pakroo 2021) (the PDF for this is on iCollege under “Content”.)

Written response question

What control should the board have over the ability of nonprofit executives to spend funds to accomplish organizational objectives? Should nonprofit executives have flexibility to adjust their budgets in response to new conditions without obtaining board approval? (Answer in ≈150 words.)

Team prep work

Put together a basic, preliminary, balanced budget for your nonprofit to propose to your team. You’ll spend class time creating and finalizing your organization’s budget.

In-class materials

Spreadsheets:

990s:

Slides

The slides for today’s class are available online as an HTML file. Use the buttons below to open the slides either as an interactive website or as a static PDF (for printing or storing for later). You can also click in the slides below and navigate through them with your left and right arrow keys.

View all slides in new window Download PDF of all slides

Tip

Fun fact: If you type ? (or shift + /) while going through the slides, you can see a list of special slide-specific commands.

References

Grobman, Gary M. 2021. An Introduction to the Nonprofit Sector: A Practical Approach for the Twenty-First Century. 6th ed. Harrisburg, Pennsylvania: White Hat Communications.
Pakroo, Peri H. 2021. Starting & Building a Nonprofit: A Practical Guide. 9th ed. Berkeley, California: Nolo.