Financial Management

Pandemic Recovery and Public-Private Partnerships

With program demands and financial stresses on nonprofits likely to increase in 2021, how can public and private partnerships work better together to support fragile nonprofit operations and disrupted service delivery systems caused by COVID-19?  How can they complement and leverage each other’s resources to strengthen nonprofits’ capacity to continue to deliver vital services? This workshop will explore the opportunities and challenges of these partnerships to support the nonprofit sector in the new world order.

Recording length: 1 hour, 13 minutes

Nonprofit Financial Resilience: Understanding “Full Costs” and Dialogue on Post-COVID Recovery

This program is designed to strengthen the financial resilience of nonprofit organizations in North Carolina. Intended for both funders and nonprofit leaders, the program will begin with an introduction to the concept of “full cost” funding and budgeting as strategies to support nonprofit financial health. Full cost goes beyond programmatic budgeting to include things like having working capital to pay bills on time and having reserves to manage risks or opportunities.

How to Prepare for a Virtual Audit

Last updated 9/17/2020

Jaime Campbell, CPA, Tier One Services, LLC

Auditing is an information service. As such, many forward-thinking auditors have already been working virtually for years, as evidenced by their vacation photos posted on Facebook while they were conducting “analytical procedures” from their laptops, which they bring with them everywhere, including the bathroom.

How Your Nonprofit's Accounting Operations Can Weather the Storm

Jaime Campbell, Tier One Services, LLC and Mig Murphy Sistrom, Mig Murphy Sistrom, CPA, PC

We are both CPAs and accounting firm owners, committed to serving the nonprofit sector. We welcome this opportunity to share our observations and advice on how the pandemic has affected the accounting work of nonprofits. Since we are both committed to centering racial equity in our work, we have applied an equity lens to these topics.

PPP Forgiveness and CLA Intuition 2.0

Presenter Michele Pratt, CLA, shared in-depth details about PPP loan forgiveness, including eligible costs, required documentation, who is eligible to use the EZ application, clarity on limits for both the 8- and 24-week periods, PPP Flexibility Act and the safe harbor date, and the impact on year-end financial statements. She also explored financial modeling, with discussion of the impacts from COVID-19, cash management and cash modeling, contingency plan considerations, and scenario planning.

Surviving the New Reality: 5 Keys for Nonprofits to Adapt and Thrive in a COVID World

COVID-19 is not going away quickly. Some form of social distancing will likely be with us through at least year-end. How can your organization adapt to this new reality and not only survive but thrive in 2020, emerging stronger with more capacity to act on your mission and raise the revenue you need? This training is especially appropriate for executive teams.

 

Webinar recording: $25

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“Full Cost” Is the Way Forward

Jeanne Tedrow, President & CEO, North Carolina Center for Nonprofits

Managing a nonprofit’s finances is no small or easy task. Nonprofits and those who seek to do good while making a difference in our communities are to be commended for their ability to manage resources and revenue. More often than not, nonprofits make a way when many would say there appears to be no way. To make things happen for the good, they become creative as they leverage financial support with in-kind donations and volunteer labor.

What if pizza shops had to manage their money like a nonprofit?

Jeanne Tedrow, President and CEO, of North Carolina Center for Nonprofits.

Imagine a customer walking into a pizza shop to order a pizza, then only wanting to pay for the ingredients – flour, sauce, toppings, cheese. (See Pizza and a Laugh ‒ A Reminder about Your Nonprofit Financial Stress LevelNonprofit Quarterly, December 18, 2018.)