TITLE : Best Practices for Managing Your Organization`s Finances
CITY : Boston , MA
DATE : Wednesday, December 01, 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:

Chris Bertoncini
Director, Financial Consulting Practice
Insource Services

Chris has been involved in financial management for 15 years. In his current position, he is responsible assisting clients in setting up and improving financial systems, managing financial operations, budget preparation, financial reporting, audit preparation, and board interface. Previously, as Controller at Geologic Services Corporation, Chris was responsible for spearheading an analysis which resulted in the company’s direct labor margins to increase by 5 percent, initiated changes to the billing process which reduced DSO from 92 days to below 70, stressed fiscal responsibility which resulted in positive cash flow in each month employed. Before that, he worked as Controller at New Vision Systems where he was responsible for stressing fiscal restraint leading to a 400 percent increase in net income, implementation of a sales CRM which helped the company achieve a 200 percent increase in sales from FY00 to FY01, integrating a new accounting software systems. He earned his Bachelor of Arts in Health Care Administration from Stonehill College and a Masters in Business Administrations from Southern New Hampshire University. He is a member of the Young Nonprofit Professionals Network of Boston and TANGO.

Robert Guinto
President
Non Profit Capital Management

Robert has over 25 years of experience in various human service agencies. In his current position is responsible for helping non-profits focus on accomplishing missions through a range of services including, bookkeeping, grant writing, strategic planning, program design, development, and mergers & acquisitions. Previously, he provided direct care to residents of the Fernald State School to being Metro Region Procurement Director for the Massachusetts Department of Mental Retardation, being Budget Analyst for the Department of Mental Health, Director of Procurement for Advantage Schools (Charter School Management Company) and Director of Procurement for the Department of Social Services. In this capacity he oversaw procurement, accounting, auditing, and contract functions of a state budget worth $320,000,000. Robert is recipient of the Secretary of Health and Human Services Recognition Award for his work improving service to mentally retarded consumers and the Commissioner’s Citation for work on behalf of the mentally ill. He is also a motivational speaker and participates in developing charter schools. Robert received his Bachelor’s in Social and Rehabilitation Services from Assumption College, and a Master’s in Public Administration from Harvard’s Kennedy School of Government.

Alex Marthews
Executive Director
Growth Through Learning, Inc.

Alex has been involved in fundraising for seven years. In his current position, he is responsible for Staffing the Development Committee and Finance Committee of a small nonprofit. He is also responsible for overseeing the budget and strategic planning, providing a monthly financial report to the Board, overseeing the annual audit process, and developing new and innovative marketing and partnering strategies to help increase revenues. Previously, as Executive Director at WATCH CDC, Alex was responsible for developing a rescue plan for an organization with deep fiscal problems, overseeing programming and staffing cuts, identifying new sources of income, and stabilizing with a new and diverse staff. Before that, he worked as Executive Director at the Preservation Action Council of San Jose, California, where he was responsible for streamlining marketing, increasing memberships and developing new fundraising events. Alex currently serves as a volunteer for Africa Collegiate Mentors, the Medford Family Network and the Medford Family Resources Council. He earned an MPP in Public Policy from UC Berkeley and a BA in English from the University of Cambridge in the UK.

 

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Tuesday November 02, 2010

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Best Practices for Managing Your Organization`s Finances

8:30 AM - 12:00 PM

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

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