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Certificate in Nonprofit Management


Course schedule

Financial Management: Fundamentals for the Nonfinancial Manager

This course will explore the fundamentals of nonprofit financial management. Learn how to plan an organizational budget, implement best practices in policies and procedures, clarify the roles and responsibilities of board and staff, interpret basic financial statements and comply with legal reporting requirements.

This course requires the participant to have basic literacy with spreadsheets (such as Excel).

This intensive five-week course explores the following topics:
• How financial management practices in nonprofit organizations relate to an organization's mission and the roles and responsibilities of the key players involved.
• Policies and procedures that guide the financial management system.
• The planning component of financial management.
• Financial reporting and its ability to show an organization how to assess the effectiveness of its services.
• Legal reporting requirements as they relate to donor acknowledgements, lobbying activities and annual governmental reporting.

Learning Objectives
Upon completion of readings and assigned learning activities, students will be able to:
• Understand the roles and responsibilities of the board, senior management, program staff and financial staff in an organization's financial management system.
• Create a budget that supports the strategic objective of the budgeted time-frame.
• Identify the difference between restricted and unrestricted funds and be able to reconcile reporting from accounting and fundraising.
• Interpret financial data and communicate financial position to internal and external users.
• Analyze the components and purpose of Form 990, including the marketing aspect.

Required Text
While most readings will be provided on the course web site, students are required to purchase the following book:

Murray Dropkin, Jim Halpin, and Bill LaTouche. (2007) The Budget-Building Book for Nonprofits: A Step-by-Step Guide for Managers and Boards. San Francisco: Jossey Bass.

Special features of this course:
• A weekly Resource Center, which provides carefully tailored readings and other resources.
• “Studio” activities offer opportunities for new and experienced practitioners to cultivate practical skills.
• Original case studies and problem-based learning activities.
• In-depth weekly discussions on the real-life challenges and opportunities of financial management.
• A small class size generally limited to 25 participants.

This is an instructor-led course delivered entirely online. It is highly interactive and requires active participation on discussions boards and completion of assigned projects. There are no real-time class meetings. Students work at times that are convenient for them within the weekly schedule of activities. We estimate spending an average of 8 – 10 hours per week on each Certificate in Nonprofit Management course. For this reason, we highly recommend students participate in no more than two CNM courses at a time.

NOTE: This is a tech-enhanced course that requires access to Blackboard, a course management system used by UIC. In order to complete registration, you must submit proof of identity to secure your unique NetID (username). More information on this process can be found on the Know More about Registering and Paying section of our Web site.

Cancellation/Refund Policy

  Section 1 (0315)
March 12 - April 15, 2015

  Course Fee: $550
  Registration Deadline: Monday, March 02, 2015

  Location: University of Illinois at Chicago


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