Spend appropriately, report accurately, be innovative
It's the cornerstone of every successful nonprofit: As a land trust, you made a promise to protect your lands forever. Are your financials solid enough to back up that promise?
To meet your mission both now and in the future, your funds must be well-managed, spent appropriately and reported accurately to donors, the community and the IRS. Even when your finances are in excellent order, it's often a struggle to tell your financial story in a way that is meaningful to your board members and supporters.
Gain a deeper understanding of the world of nonprofit financial management with a special emphasis on creating meaningful reports for your board. All board and staff members with financial management responsibilities should join us to learn about:
- Knowing and keeping track of your funds: donor-restricted, board designated, operating and endowed
- Creating reports that provide you with a clear picture of operating revenue and expenses
- Designing reports that help you comply with Land Trust Standards and Practices
- Questions every board member should be asking
- Presenting financial information in annual reports and your Form 990
- Tips for creating a budget that provides useful benchmarks throughout the year
- How to handle restricted funds and multi-year grants in your budget
- Projecting future financial needs to ensure organizational sustainability
We will begin the day with Dana Chabot, a CPA and national trainer who provides accounting and financial management services for nonprofits, including Gathering Waters, to discuss the recent changes to the Generally Accepted Accounting Principles (GAAP) and the Land Trust Standards and Practices addressing financial management. We will delve into budgeting, developing financial reports that help you manage your organization, keeping track of restricted and designated funds, and helping your organization better manage its finances today and plan for the future.
In the afternoon, Pete Ter Louw, president and executive director, and Susan Houseman, board member of Southwest Michigan Land Conservancy, will discuss an innovative way to create a long-range planning tool to project future financial needs. We will learn how to think about and answer the question, "Where will our land trust need to be financially in 10 or 20 years if we continue to protect land at our current pace?"
View the agenda
Registration & Cost
Space is limited. Registration closes Tuesday, April 4, 2017.
With thanks for the generous support from The Carls Foundation and the Charles Stewart Mott Foundation, this training is being offered for $45 per person for members or $55 per person for non-members.
This cost will cover continental breakfast, lunch and materials.
Content questions? Conatact Laura Eklov 269-215-1762 or firstname.lastname@example.org
Registration questions? Contact Scott Still at 970-986-4005 or email@example.com