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Budgeting Basics for Nonprofits - Webinar

  • ID: 4395037
  • Webinar
  • January 2019
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Gain a better understanding of practical budgeting skills for nonprofit management.

Many nonprofits create budgets based on previous expenses or grant structures. Budgets are planning processes that create or determine policy for any organization. With some nonprofits who depend on their funding from typically one main source, nonprofits run financial risk when not using a budget process to plan for risk and market destabilization. This topic helps nonprofit managers understand budgets from a different process that allows the nonprofit to gain independence with diversified revenues, innovate ways to save on budgets, and above all else prioritize people and mission over spending and controls. The strategies presented in this material will help nonprofits build reserves and better plan for the future.

Learning Objectives
  • You will be able to define proportional budgeting.
  • You will be able to describe budgeting strategies to diversity revenues and save on expenses.
  • You will be able to discuss the importance of people over mathematics when creating budgets.
  • You will be able to explain how to monitor budgets monthly.
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Building the Basic Budget
  • Building Expenses
  • Building Revenues
  • Building Planned Savings (Reserves)
Budgeting Strategies
  • People Over Mathematics
  • Diversifying Revenues
  • Methods of Saving on Expenses
Proportional Budgeting Prioritizing Mission
  • Determine If Your Budget Is Properly Prioritized to Your Mission
  • Strategies to Align Your Budget to You Mission
Budget Monitoring
  • Revenue Trends
  • Expenses Trends
  • Grant Budgeting
  • Program Budgeting
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Brad Lebowsky - Hunger For Success
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This webinar is designed for accountants, executive directors, officers, board members, controllers, CFOs, tax managers and tax preparers.
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