Financial Roles for Non-Financial Staff
25
Sponsored by: A Service Of: Financial Roles for Non-Financial Staff Paul Konigstein October 10, 2012
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A well-run nonprofit must focus both on accomplishing its mission and managing its finances well. Learn how staff from all parts of the organization can contribute to its long-term sustainability. Running a nonprofit organization is about more than just well-executed programmatic work; it is also about the organizational structures that need to be in place to help maintain financial sustainability. Everyone in a nonprofit, from the executive director to the receptionist, has a role in the financial management of the organization
Transcript of Financial Roles for Non-Financial Staff
Sponsored by: A Service
Of:
Financial Roles for Non-Financial Staff
Paul Konigstein
October 10, 2012
Sponsored by: A Service
Of:
Advising nonprofits in:
• Strategy
• Planning
• Organizational Development
www.synthesispartnership.com
(617) 969-1881
INTEGRATED PLANNING
Sponsored by: A Service
Of:
www.mission.do
KEY ROLES FOR NON-FINANCIAL STAFF
Nonprofit Webinars
October 10, 2012
THE BUCK STOPS AT THE ED
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Trustees
Executive Director
Program Director
Program Manager
Fundraising Director
Admin Managerial
Non-Managerial
Responsibilities
EXECUTIVE DIRECTOR
Five Leadership Lessons from Jean-Luc Picard by Alex Knapp, Forbes Magazine blog
EXECUTIVE DIRECTOR
• Understand the organization’s financial impact on the community
• Know and monitor financial drivers
• Insure the organization’s financial sustainability
• Communicate expectation that all direct reports engage with finance and empower them to manage their budgets
EXECUTIVE DIRECTOR
• Engage the Board in the organization’s finances
• Represent the organization’s finances to donors
• Make sure finance staff communicates information clearly, consistently, accurately, and promptly
• Know and follow finance policies and procedures
EXECUTIVE DIRECTOR
• Be aware of conflicts of interest
• Create a culture of collaboration
• Assign responsibility for grant and legal compliance and proactively monitor compliance outcomes
TRUSTEES
TRUSTEES
• Understand the organization’s financial impact on the community
• Know and monitor financial drivers
• Set (approve budget) and monitor (review financial statements) financial goals
• Know financial goals and expect demonstrated progress toward these goals
TRUSTEES
• Understand how financial goals relate to the strategic plan
• Insure the organization’s financial sustainability
• Understand finance related Board legal requirements (ex NYPMIFA)
PROGRAM DIRECTOR
PROGRAM DIRECTOR
• Know financial drivers and monitor associated program outcomes
• Communicate expectation that all direct reports engage with finance and empower them to manage their budgets
• Know and understand variances from budget and their programmatic and financial implications
• Know and follow finance policies and procedures
• Represent program finances to donors
PROGRAM MANAGER
PROGRAM MANAGER
• Know and understand variances from budget and their programmatic and financial implications
• Know and follow finance policies and procedures
• Make program operations transparent
FUNDRAISING DIRECTOR
FUNDRAISING DIRECTOR
• Understand program profit and loss and overhead recovery
• Understand unrestricted, temporarily restricted and permanently restricted net assets
• Understand when a gift can be “counted”
• Know and understand variances from the fundraising budget and their programmatic and financial implications
FUNDRAISING DIRECTOR
• Know and follow finance policies and procedures
• Develop and maintain a system for synchronizing development data with finance data
• Make development operations transparent
• Understand development compliance requirements
ADMINISTRATIVE MANAGERIAL STAFF
ADMINISTRATIVE MANAGERIAL STAFF
• Know and understand variances from department budget and their financial implications
• Know and follow finance policies and procedures
• Make department operations transparent
NON-MANAGERIAL STAFF
NON-MANAGERIAL STAFF
• Know and follow finance policies and procedures
• Report anything suspicious
• Protect the organization’s assets
Paul Konigstein [email protected]
Sponsored by: A Service
Of:
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