TITLE : Best Practices for Managing Your Organization`s Finances
CITY : Seattle , WA
DATE : Wednesday, November 10, 2010
TIME : 8:30 AM - 12:00 PM
PRICE : $ 110.00
Best Practices for Managing Your Organization`s Finances
 

To run a nonprofit successfully, you need to raise enough money to accomplish its mission. However, just as important is your ability to steward the money raised so that you can account for every dollar raised. An organization is accountable to its board, staff and the general public to know how much revenue it is receiving and how that money is being spent. It also needs to ensure that grants and all other income are spent in the manner intended. 
 
In this session, we will cover best practices for the following:
- Creating and following an annual budget
- A system for tracking revenues by fund categories and by restricted versus unrestricted funds
-The importance of planning ahead for difficult financial times
- Appropriate internal controls to prevent improper uses of funding and to ensure that costs are controlled
- What to expect from an audit or financial review
- How to develop a reserve fund and financial policies, including an investment policy
 
You will walk away with best practices to safeguard your organization`s assets and account for its financial resources.
 
This session is intended for Board Members, Executives, Senior Staff and anyone who works with the organization`s Finances.
Speakers for this session:

Tim Jennings
Managing Director
Seattle Children`s Theatre

Tim has been involved in arts management for 20 years. In his current position, he is responsible for oversight of the budget, resource allocation and planning for the Seattle Children's Theatre, with an annual budget of approximately $6 Million. Before that, he worked in senior management at several mid size theatres in the Toronto area. Tim currently serves as a Board member for Washington State Arts Alliance International Performing Arts for Young People Boys and Girls Club of Bainbridge Island. He is a member of PLOTYA, PACT, TCG, WSAA, APAP, IPAY.

Susan Maisel
Controller
El Centro de la Raza

Susan has been involved as the controller for two years at El Centro de la Raza. In her current position, she is responsible for creating and controlling the financial statements for three non-profit agencies, covering over 50 different contracts and grants with all government levels as well as foundations. She also has experience working with auditors on the A-133 circular and 990. Susan currently volunteers as a Water Aerobics Teacher for the YMCA in West Seattle and Ushers for the Artswest Theatre in West Seattle. She earned a BS in Accounting from Maryland University. She is a member of WSCPA.

Michael McCorkle
Principal/ Director of Operations
OneAccord Partners

Michael has been involved in financial leadership and development for eight years. In his current position, as CEO for SAMBICA, he is responsible for financial restructuring and refocusing resources while continuing efforts to position SAMBICA for renewed growth. He also has conducted Annual Campaigns, Auctions, written successful grant proposals, and been in the field making one on one asks. As a consultant he is responsible for helping organizations turn around financial situations that require a broad range of strategic analysis, tactical financial decision-making and revenue generation. He earned Bachelor of Science in Psychology from George Fox University.

 

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Wednesday October 06, 2010

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Wednesday November 10, 2010

Best Practices for Managing Your Organization`s Finances

8:30 AM - 12:00 PM

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Wednesday April 06, 2011

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Tuesday May 03, 2011

Financial Management 101:Best practices for managing your organization`s finances

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