Understanding Non-Profit Financial Statements
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A few months ago, I wrote about How Financial Statements Are Born, which explained how different financial statements were related to one another. A supplement to that is a How To Be A Financial Detective presentation that Thomas Blaney and Christopher Peterman made at a Grant Managers Network conference. This presentation is generally focused on educating board members and potential donors about how to interpret different non-profit financial statements. Obviously then, there are tips in ...
How Financial Statements Are Born
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If you have been in a meeting about the financial status of your organization and are confused about the differences between balance sheet, cash flow statement and income statement when they are mentioned, you aren’t alone. Even if you have taken an accounting class, you may have a little trouble reconciling what you learned with the non-profit approach to finance. A few years back, the Non-Profit Finance Fund conducted a webinar for the Theatre Communications ...
You Might Get Hurt: Volunteer Waivers
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I have often told my siblings that if they committed action I found offensive, there would be consequences. When I was forced to make good on my threats and they went crying to our parents, sometimes I would be vindicated, sometimes I would get punished. The same sort of situation exists in regard to volunteers and waivers/releases you have them sign. (Except presumably you aren’t threatening to beat up your volunteers.) According to lawyer Ellis ...
Thank you for the authoritative read on this issue. To me, being able to actually see the icon in the…