Building a Mission-Infused Finance Function in Your Nonprofit

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Location

Nonprofit Coordinating Committee of New York

135 West 36th Street

15th Floor

New York, NY 10018

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Event description

Description

The isolated, cost obsessed, leader of the nonprofit financial function, often the Chief Financial Officer, is obsolete. Siloed finance, program, development departments as well as Finance Committees who don't communicate and align goals are a relic of non-profits who have often lost their way. Success today and long term organizational sustainability requires a mission -infused finance function and finance driven and aware programmatic and administrative teams.


In this session participants will explore why finance and mission must be integrated and connected in order for the nonprofit to be able to strategically invest in its organization and achieve its mission.


Participants will learn how the nonprofit can imbed financial storytelling into programs and how they connect with the overall organizational financial story. They will also understand how the CFO can effectively incorporate mission into their work in order to understand the stories behind the bottom line. Participants will discuss ways to better align their program and finance departments, how to and determine what resources are necessary to strategically invest in growth, and refine the story that is being told by the organization's finances. The Board's involvement, role, education, and decision making to tell the right story will also be explored and discussed.


How do we begin to think about the nonprofit’s finance function differently and strategically to achieve key financial, organizational, and sector goals?

Key takeaways

  • Practices that define a mission infused finance function
  • How to build and use storytelling skills, questioning capacity, and other communication efforts in the finance department as they relate to programs. Similarly, how programs, development, and other administrative functions use financial storytelling to further their ability to achieve their goals.
  • How to determine what kind of organizational investments are necessary and when, including how to engage and prepare the Board to be an effective partner, and how to communicate these short and long term strategic investments as reflective of the mission.


The workshop will be presented by Russell Pomeranz, President and CEO, Claverack Advisory Group


The workshop is ideal for CEOs/Executive Directors, CFOs/Directors of Finance, and Finance Committee Chairs from non profits with an operating budget of at least approximately $3 million


Please plan to bring your most recent audited financial statements for a group activity.

Suggested Reading:


Please Note: This meeting is limited to current NPCC nonprofit members only, and may be limited to ONE person per organization due to space constraints. If your organization is not a current nonprofit member of NPCC, you can visit http://www.npccny.org/membership/how-to-join/ for more information on joining NPCC.




Please be advised that, if you register for this workshop, unless we hear from you otherwise, we will include you as part of our regular contact list. By enrolling in this workshop, you hereby: (1) give consent for NPCC or any third parties to use your photograph or image in its print, online and video publications; (2) release NPCC, its employees and any outside third parties from all liabilities or claims that you might assert in connection with the above-described uses; and (3) waive any right to inspect, approve or receive compensation for any materials or communications, including photographs, videotapes, website images or written materials, incorporating photos/images of you.

Date and Time

Location

Nonprofit Coordinating Committee of New York

135 West 36th Street

15th Floor

New York, NY 10018

View Map

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