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Budgeting and Financial Management for Nonprofit Organizations
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Budgeting and Financial Management for Nonprofit Organizations
Using Money to Drive Mission Success



June 2012 | 408 pages | CQ Press
In the nonprofit sector, money drives mission. Well-managed budgets and investments can spur long-term growth and achievement, while financial mismanagement can damage and even destroy organizations.

Weikart, Chen, and Sermierùin their exciting new text geared wholly to nonprofits provide the financial tools nonprofit managers need to thrive in pursuit of mission success. Given the wide array of nonprofit managers' backgrounds, and recognizing that there is often an inherent fear of "the financials" the authors explain financial concepts without leaning unnecessarily on intimidating jargon. The result is a practical, accessible resource the prepares the next generation of nonprofit managers in financial planning and analysis as well as conventional and entrepreneurial financial management. Grounded in real-world cases and offering plenty of opportunity for application and practice, Budgeting and Financial Management for Nonprofit Organizations helps readers develop a stable fiscal foundation and sound financial strategies for their organizations to prosper in times of economic expansion and contraction.
 
About the Authors
 
Preface
 
I. INTRODUCTION
 
1. An Introduction to Nonprofits: Mission and Money
 
II. PLANNING AND BUDGETING
 
2. Budgeting as Part of the Planning Process
 
3. Liquidity and Managing Cash Flow
 
4. Analyzing Costs
 
III. FINANCIAL ANALYSIS IN NONPROFIT ORGANIZATIONS
 
5. Principles of Accounting and Reporting Requirements
 
6. Understanding Financial Statements
 
7. Financial Analysis
 
8. Financial Tools for Informed Decision Making
 
IV. FINANCIAL MANAGEMENT
 
9. Understanding Revenues
 
10. Performance Measurement in Financial Management
 
11. Time Value of Money and Cost-Benefit Analysis
 
12. Capital Budgeting and Financing
 
13. Investment Strategies
 
14. Internal Controls
 
V. NEW DIRECTIONS
 
15. Adapting to Turbulent Times: Conventional and Entrepreneurial Financial Strategies
 
Appendixes
 
Glossary
 
Index

Budgeting and Financial Management for Nonprofit Organizations is a welcome addition to the field. The book’s exclusive focus on nonprofits allows it to cover a variety of relevant financial management techniques and apply them in assignments and cases that present numerous and practical financial situations. Professors and students alike will appreciate its straightforward, user-friendly approach. I strongly recommend this book!”

Jay Eungha Ryu
Ohio University

Budgeting and Financial Management for Nonprofit Organizations fills the need for a text focused solely on nonprofit organizations. Its treatment of financial topics as they apply to nonprofits is instructive, accessible, and appealing. The book's depth and breadth are a welcome contribution to the field.”

Gary Rassel
University of North Carolina, Charlotte

“Weikart, Chen, and Sermier aim to provide practical and useful insights into the problems faced by nonprofit board members and financial managers. They succeed very well indeed, outlining new formats for analysis and serving up sound advice for the real world issues of nonprofit financial management.”

Dall Forsythe
New York University

Students found the book interesting and fundamental to their understanding of finance

Dr Scott Foster
Department of Marketing, Liverpool John Moores University
July 11, 2013

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Lynne A. Weikart

Lynne A. Weikart was associate professor at Baruch College School of Public Affairs, City University of New York, until her retirement. She is currently a practitioner in residence at James Madison University, where she teaches budgeting and financial management. Before her academic career, she held several high-level government positions, including budget director of the Division of Special Education in New York City (NYC) public schools and executive deputy commissioner of the New York State Division of Human Rights. For several years, she also served as the executive director of a nonprofit, City Project, a progressive fiscal think tank... More About Author

Greg G. Chen

Greg G. Chen is associate professor at Baruch College School of Public Affairs, City University of New York. He was a manager of the budgeting and financial reporting department in the Ministry of Finance, and budget manager and senior policy adviser for the Premier’s Office of British Columbia, Canada, before taking his professorship in the United States. He had previously been an associate dean in the College of WISCO in China. Professor Chen conducts research and publishes papers in the areas of budgeting and financial management for nonprofit organizations and governments, program evaluation and cost-benefit analysis of diverse public... More About Author

Ed M. Sermier

Ed Sermier is an adjunct professor at both Baruch College School of Public Affairs, City University of New York and at the Wagner Graduate School of Public Service, New York University, where he teaches a courses in nonprofit finance, management, and leadership. He is also an independent consultant specializing in nonprofit financial planning and management. Over the course of his career, Sermier has held positions at many non¬profit organizations, including as director of national customized services for the Nonprofit Finance Fund, vice president, chief administrative officer, and director of program evaluation at Carnegie Corporation of... More About Author

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ISBN: 9781608716937
$91.00