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Nonprofit Capital: How to Think Differently about Its Use in Your Organization

This webinar helps participants better understand and work to optimize their organization’s capital structure, identify key sources and uses of capital, and understand how to budget for and monitor capital grants and expenditures over time.





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Nonprofit Collaborations: Why Teaming Up Can Make Sense

For-profit companies have long recognized the value of collaborations. More nonprofits are now looking for the same benefits. A successful collaboration can help a nonprofit: save costs by sharing infrastructure and administrative expenses strengthen programs expand the value proposition for both organizations improve efficiency tap complementary skills and abilities increase leadership skills





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Certified Nonprofit Accounting Professional (CNAP) Course

FMA’s Certified Nonprofit Accounting Professional (CNAP) program is the only nationally recognized certification program for existing and aspiring nonprofit accounting and fiscal management professionals. The course, offered in person or online, covers practical skills that can be immediately applied to your day-to-day operations, including: Financial Reporting Internal Controls Budget Development Governance As the only licensed provider of CNAP in New York, Chicago and online FMA holds regular courses taught by instructors with extensive nonprofit financial backgrounds. Learn Philanthropy members are entitled to a special discount of $100 off the cost of both the in-person and online CNAP programs using the code LP2020.





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Administrative Management Capacity Report

FMA partnered with The Wallace Foundation to conduct a study of the administrative management capacity of organizations providing out-of-school time (OST) services. Based on a sample of 16 high-performing programs in New York City and Chicago, the report concludes that many OST providers need additional investment in administrative management capacity in order to most effectively support, develop and expand their programs. While the study focuses specifically on organizations providing OST programs and services, the report’s lessons and observations should be relevant and useful to the broader nonprofit sector as well. (FMA is pleased to share this report with the permission Read more





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Building Stronger Nonprofits Through Better Financial Management

Weak financial management hinders nonprofits, including after-school organizations. This research publication examines early results of a Wallace Foundation capacity building program FMA is providing Chicago area after school programs. The report gives insight into the participant organization financial management conditions and identifies that they are making “encouraging progress” to: understand their full program costs; improve monitoring of program expenses and meet monthly expenses in prompt fashion. (FMA is pleased to share this report with the permission of The Wallace Foundation.)





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Fiscal Fitness for Nonprofits: Stories from the Field

“Stories From the Field, ” published by The Wallace Foundation, describes their effort to provide financial trainings to executives of high-performing organizations. FMA’s work in Chicago with After School Programs is also recognized. (FMA is pleased to share this report with the permission of The Wallace Foundation.)





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Greater Openness About Finances

This article explores how Big Brother Big Sisters Metropolitan Chicago, a participant in The Wallace Foundation’s nonprofit financial management program and client of FMA, has utilized greater transparency about their financials, which has led them to make more informed business decisions. (FMA is pleased to share this resource with the permission of The Chronicle of Philanthropy.)





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Healthy Reserves Are No Accident

FMA’s Founder and Managing Director, Hilda H. Polanco discusses the value of maintaining healthy reserves: “Whether to be used as a ‘rainy-day fund,’ to help smooth out transitions during turbulent times, or to leverage an opportunity in a strategic push, few will question the value of a strong balance sheet defined by ample, liquid unrestricted net assets.” (FMA is pleased to share this resource with the permission of Philanthropy Journal.)





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Key to Long Term Financial Health: Liquid Unrestricted Net Assets

This article suggests strategies and solutions for long-term fiscal health. As FMA’s Managing Director Hilda H. Polanco, notes, “…Everyone knows that these have been difficult times for nonprofits. Our own research at Fiscal Management Associates and countless other surveys by intermediaries and industry associations find that nonprofits have been struggling with cutbacks in government funding, reduced corporate and foundation grantmaking, and weakened individual giving. “These fiscal pressures have led, in many cases, to annual operating deficits and emergency use of endowment funds or other financial reserves – if nonprofits had any to begin with. While there is widespread agreement about Read more