Nonprofit Good Practice Guide - Resources

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Resources in Financial Statements


All the Way to the Bank: Smart Money Management for Tomorrow's Nonprofit \| Direct Link This book discusses seven ways to improve cash flow, how to spot red flags in financial statements, five tips for securing a bank loan, how to develop operating reserve funds and more. Key Terms: budget, financial consulting, financial management, financial reporting, financial statement, financial training, governance Author: Stevens, Susan Kenny & Anderson, Lisa M. \| Published: 2002 Pitfall: Forgetting the Old "Give, Get, or Get Off" Rule Board members should either give money to the organization or get money from other organizations or individuals. Otherwise, they should should not be part of the board of trustees. Source: Joel J. Orosz, Dorothy A. Johnson Center for Philanthropy and Nonprofit Leadership Rubberstamping Financial Statements Scrutinize financial statements thoroughly and have a clear understanding of your nonprofit's current financial realities, past trends and future projections. Source: Adapted From: Practical Problems and Solutions: Governance Do's and Don'ts: An Overview - Institute on Governance
Basic Guide to Nonprofit Financial Management \| Direct Link This article explains fundamentals of financial management for nonprofit board members and staff. It explains how to design a budget, manage cash flow, read financial statements, hire a bookkeeper, and more. Key Terms: bookkeeping, cash management, financial analysis, financial management, financial statements, governance Author: McNamara, Carter \| Published: 1999 Preferred Practice: Avoid Real or Perceived Conflicts of Interest and Abuses of Power Continually update and improve financial, personnel, and organizational policies; develop appropriate checks and balances; and have and enforce a conflict-of-interest policy for board, staff, and volunteers. Source: Joel J. Orosz, Dorothy A. Johnson Center for Philanthropy and Nonprofit Leadership Pitfall: Rubberstamping Financial Statements Scrutinize financial statements thoroughly and have a clear understanding of your nonprofit's current financial realities, past trends and future projections. Source: Adapted From: Practical Problems and Solutions: Governance Do's and Don'ts: An Overview - Institute on Governance Having Board Members Who Do Not Give All board members should be asked to make a monetary contribution in accordance with their abilities to give. Source: Adapted From: Are You Making Fundraising Mistakes? by Bill J. Harrison
Board Source \| Direct Link This Web site provides resources through tools; more than 100 booklets, books, videos, CDs, and audiotapes; and an extensive topic search area that features over 20 popular areas of board development with key questions and outlined information. Author: BoardSource Preferred Practice: Have No More than One Paid Staff Person Member Usually the only paid staff member is the chief staff officer and he/she shall not chair the board nor serve as treasurer. Source: Adapted From: Governance, Policy and Program Fundamentals by BBB Wise Giving Alliance
Chronicle of Philanthropy \| Direct Link This newspaper is published online daily and in print biweekly. It is the premiere source of news and information that pertains to the nonprofit sector. NOTE: A paid subscription is required to view this resource. Author: Chronicle of Philanthropy
Nonprofit and Voluntary Sector Quarterly \| Direct Link This journal is an international, interdisciplinary journal for nonprofit sector research. Nonprofit and Voluntary Sector Quarterly (NVSQ) provides a forum for researchers from around the world to publish timely articles from a variety of disciplinary perspectives. Author: ARNOVA
Understanding Nonprofit Financial Statements \| Direct Link This book includes key accounting terms and concepts, benchmarking ratios, and sample nonprofit financial statements with explanations to help board members ensure that resources are adequately managed. Key Terms: finance, financial concepts, financial management, financial reporting, financial statements, governance Author: Berger, Stephen \| Published: 2003 Pitfall: Rubberstamping Financial Statements Scrutinize financial statements thoroughly and have a clear understanding of your nonprofit's current financial realities, past trends and future projections. Source: Adapted From: Practical Problems and Solutions: Governance Do's and Don'ts: An Overview - Institute on Governance
What Counts: Social Accounting for Nonprofits and Cooperatives \| Direct Link This book discusses social accounting, which picks up where financial accounting for nonprofits leaves off. It provides methods for calculating outputs, volunteer value, social return on investment, and value added. Key Terms: accounting, accounting standards, ethics, financial management, financial responsibility, financial statements, governance, social return, volunteer management Author: Quarter, Jack \| Published: 2002