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Getting to Know the Standards for Excellence®: Finance and Operations (4)

  • Wednesday, July 18, 2018
  • 9:00 AM - 10:30 AM
  • The Susan Hirt Hagen Center for Transformational Philanthropy - 609 Walnut St., Erie, PA 16502
  • 5


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About the series...

The Standards for Excellence® provide a framework for achieving a well-managed and responsibly governed organization. The Standards® build upon the legal foundations of nonprofit management, governance, and operations and provide an outstanding step-by-step guide to achieving excellence within your nonprofit. These guidelines consist of 6 principles, which are described in-depth during 6 individual sessions:

  • Session 1, January 17, 2018: Mission, Strategy and Evaluation
  • Session 2, March 21, 2018: Leadership - Board, Staff and Volunteers
  • Session 3, May 16, 2018: Legal Compliance and Ethics
  • Session 4, July 18, 2018: Finance and Operations
  • Session 5, September 19, 2018: Resource Development
  • Session 6, November 21, 2018: Public Awareness, Engagement and Advocacy

Each session includes an overview of The Standards®; a self-assessment to determine how well your organization is performing; a list of the policies that an organization should have in place; and examples of those policies and best practices that your organization should follow related to each topic area. These sessions will be highly interactive and will offer the opportunity for participants to share information and ask questions. Attendance at all sessions is not required, but encouraged.

About Session 4: Finance and Operations...

Join The Nonprofit Partnership and Strategy Solutions for the fourth installment of the "Getting to Know the Standards for Excellence®” series: Finance and Operations on Wednesday, July 18, 2018 from 9:00 to 10:30 AM.

This workshop provides an overview of the Standards for Excellence® with a specific focus on Finance and Operations.

In order to fulfill their missions most effectively, nonprofits must have sound financial and operational systems in place and should ensure that accurate records are kept. The organization’s financial and non-financial resources must be used in furtherance of tax-exempt purposes. Organizations should conduct periodic reviews to address accuracy and transparency of financial and operational reporting, in addition to establishing safeguards to protect the integrity of the reporting systems.

Topics covered include:

  • Financial Budgeting, Reporting, and Monitoring
  • Internal Controls and Financial Policies
  • Personnel Policies
  • Administrative Policies
  • Risk Management and Insurance

Learning objectives for this session include:

  1. Provide an overview of the Standards for Excellence® and how they benefit nonprofits
  2. Learn best practices within specific functions (specifically regarding session 4: Finance and Operations) to educate your staff and board regarding their roles and responsibilities to achieve excellence
  3. Assess your current practice within each functional area (specifically regarding session 4: Finance and Operations) and identify practical and easily-implemented strategies to improve your operations

Executive Directors, Board Chairs, and emerging leaders are encouraged to attend all six sessions.

This particular session is appropriate for Executive Directors, Board Chairs, Treasurers/Finance Committee Chairs, CFOs and Finance staff.

The Nonprofit Partnership - The Susan Hirt Hagen Center for Transformational Philanthropy, 609 Walnut St., Erie, PA 16502

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