NCG is pleased to announce a three-part financial workshop series in partnership with FMA, Fiscal Management Associates. The FMA Financial Workshop Series builds upon the Financial Analysis Training: Assessing Nonprofit Financial Health (previously hosted at NCG) and will take a deeper dive into the details of financial management. All three workshops in this series are designed to help funders support your grantees in building financial management practices, strengthen your partnership with grantees for financial sustainability and inform your own grantmaking practice.
We encourage you to register for all three workshops, however, it is not necessary since each workshop is unique and does not require content or background from the previous workshop.
About this Workshop
In this workshop funders will gain an understanding of how the full costs of program delivery are calculated and the importance of funding full costs from a grantmaking perspective.
Topics covered in this session will include the following:
- An overview of the “nonprofit starvation cycle” and how funding full costs supports the long-term sustainability of grantee organizations
- Understanding the mechanics behind full cost calculations, including different types of cost allocation methodologies and systems for ensure the appropriate substantiation of cost allocations
- Identifying indirect costs on a program budget
The other two workshops in this series includes:
- Part II | So What if You Don’t Have an Audit? on April 22, 2015
- Part III | Strategic Financial Management: Thinking Like a Finance Person on June 11, 2015
Since our founding in 1999, FMA’s primary mission has been to empower not-for-profit organizations with the knowledge and skills they need to successfully serve their constituents and fulfill their missions. FMA provides capacity-building technical assistance, including organizational consultation and training, using an approach tailored to individual organizations and their specific needs. FMA serves nonprofit organizations, empowering them to effectively manage their resources and position themselves for stable, long-term growth.
Hilda H. Polanco is the founder and CEO of Fiscal Management Associates and led FMA to become the go-to capacity builder foundation and nonprofit leaders seek to address nonprofit financial management issues.
A nationally recognized and sought after leader in the field, Hilda serves the sector in many ways. Since its inception, Hilda serves on the selection committee of the New York Nonprofit Excellence Awards, established by the New York Times and the Nonprofit Coordinating Committee. Hilda also is an adjunct professor at Columbia University’s Department of Health Policy and Management, as well as on faculty with the Donor’s Forum of Chicago. (See Full Bio)
Program staff involved in making programmatic grants and/or responsible for due diligence, Grants Managers, Staff of small foundations, and Program Officers are encouraged to attend.
These workshops are open to all NCG Members.
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This workshop has a $35 registration fee.