TITLE : How to Read Nonprofit Financial Statements
CITY : New York , NY
DATE : Wednesday, September 22, 2010
TIME : 8:30 AM - 12:00 PM
PRICE : $ 110.00
How to Read Nonprofit Financial Statements
 

Board members and nonprofit executives are required by law to protect their organization's fiscal health. Boards and staff traditionally exercise this responsibility by putting together and approving the annual budget. However, a board can only approve the budget if it receives clear, intelligible, accurate and timely financial reports. The problem is that even when these reports are provided, they are difficult to decipher. This course will develop your ability to interpret the major financial accounting statements that are used by nonprofit organizations. You will gain an understanding of the types of financial statements that are used by non-profit organizations, and how they differ from for profit financial reporting.This session will explore the following topics in detail:

- The documents and financial statements included in a nonprofit organization's financial report
- Financial ratio analysis, its objectives and limitations
- The information found in non-profit statements of financial positions, statement of activities and statement of cash flows

After attending this session, you will understand the power and limitations of accounting information in assessing financial performance and decision-making.
 
This session is intended for Board Members, Executives and Senior Staff.
Speakers for this session:

Jeff Ballow
Senior Consultant
Community Resource Exchange

In his current position as Senior Consultant at Community Resource Exchange, Jeff consults to New York-based nonprofits on a variety of financial management related issues, including budgeting and financial reporting. Previously, as Budget Director at Women In Need, Jeff was responsible for budgeting, financial reporting, and contract management for this New York-based organization that provides housing and other services to homeless women and children. Before that, he worked as Chief Operating Officer at MOUSE where he was responsible for all aspects of financial management as well as HR management and other areas of operations. Jeff currently serves as Board Treasurer for the Red Hook Initiative. He earned a Master's in Public Administration from New York University and a B.A. in Comparative Literature from University of California, Irvine.

Yovanka Bylander Arroyo
President
Citizens Committee for New York City

Yovanka has 17 years of corporate and nonprofit management experience. In her current role, Yovanka directly oversees the organization's program, finance, and fundraising functions. In that capacity, she is responsible for the organization's financial and regulatory reporting functions. Throughout her career, Yovanka was a distinguished financial analyst who worked at industry-leading firms such Morgan Stanley, Swiss Re/Fox-Pitt Kelton, and Thomson BankWatch (today Fitch-IBCA). In both her for-profit and non-profit careers, Yovanka has received numerous distinctions and awards including: recognition from the American Express Nonprofit Leadership Academy, published articles in Latin Finance magazine, noted speaker and guest lecturer at the Columbia University Graduate School of Business, and speaker at numerous Economist and Risk Management Institute conferences. She received her B.A. in Business Administration, with honors, from Boston University.

John Grippo
President
Our Accounting Service

John has been involved in finance for 25 years. In his current position, he is the President of Our Accounting Service an outsourced bookkeeping service for Not for Profits. Previously, as President at John Grippo. Inc, John served as the Part time CFO for a number of small to mid sized public and private companies. He was responsible for all the financial activities of each company. Before that, he worked as CFO at Integrated Resources and M Kamenstein where he was responsible for all internal and external reporting. He earned BSBA in Business from University of Florida.

Dwayne Seymour
CFO
Harlem Dowling

Dwayne has been involved in fiscal management for 20 years. In his current position, he is responsible for providing business and financial recommendations and guidance to the Board of Directors, the Executive Director, and other senior managers. He represents the agency in negotiating transactions to maximize funding and minimize costs related to operations, and develops strategies to strengthen the agency’s financial ability to provide quality services to its client base. To that end, he is responsible for the entire budget consisting of a number of government contracts. Previously, as CFO at The Lexington School, Dwayne was responsible for providing business and financial recommendations, representing the school in negotiating transactions to maximize funding and minimize costs related to operations, and developing strategies to strengthen the school’s financial ability to provide quality services. Before that, he worked as Regional Supervisor at a CPA firm where he was responsible for managing a team of examiners that conducted financial audits at commercial businesses. Dwayne currently serves as an Adjunct Professor for B.M.C.C. He earned a PhD in Management from Walden University and a MBA in Finance from Long Island University.

 

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