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Financial Workshop South Bay Series Part II | So What If You Don’t Have an Audit?

Thursday, May 7, 2015 -
9:00am to 12:00pm PDT
The William and Flora Hewlett Foundation | Lily Conference Room
2121 Sand Hill Rd Menlo Park, CA
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NCG is pleased to announce we are bringin out three-part financial workshop series in partnership with Fiscal Management Associates (FMA) to the South Bay. 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 to assess a nonprofit organization’s financial health when no audited financial statements are available. The session will focus on two key sources of financial information: the IRS Form 990 and internal financial statements prepared by the grantee. Because small- to mid-size nonprofits often use QuickBooks to prepare internal financial statements, the training will include a discussion on the use and limitations of this system.

The following items will be highlighted in the session:

  • Form 990 versus the audit: what are the differences in information provided in these two documents?
  • Key internal financial statements an organization should be producing, including a discussion of how QuickBooks should be configured to facilitate optimal reporting for nonprofit organizations
  • Understanding liquidity, operating results, and availability of reserves using data available on the Form 990 and internal financial statement

Join us for an informal networking lunch following the progam.

About FMA 

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 has 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)

Target Audience

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.