While financial management is important, it does not need to be overwhelming! The Wallace Foundation has compiled resources in four key areas of nonprofit financial management: 1) planning 2) monitoring 3) operations, and 4) governance.
In addition to solid ongoing financial management practices, staying on top of changes in legislation and tax law is important. The National Council of Nonprofits has compiled a 2018 Tax Law Checklist for Nonprofits that breaks down recent changes and implications for organizations and employees. The Council compiled additional resources on How the New Federal Law Impacts Charitable Nonprofits if you want even more information.
CNE, in partnership with the CFA Institute, also offers programs for nonprofits through the Finance Academy. There are two trainings scheduled for this month:
CNE’s Finance Academy is developed in partnership with CFA Institute.