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This course reviews budgeting considerations for Not for Profit (NFP) organizations with a focus on voluntary health and welfare nonprofits that generate contributions as their main revenue source.
 

Learners will understand the importance of the role of the board, upper management, and department managers in creating a budget that moves the mission of the organization forward and becomes a living document that drives decision-making throughout the fiscal year.

 

We discuss budget terminology as well as key issues managers should look out for in the budget creation process. Lastly, there is be a walkthrough of a sample budget spreadsheet template which is included as a resource to this course.

Learning Objectives

  • Recognize the role of the board and its oversight responsibilities in the budgeting process
  • Identify the steps needed to build a realistic, manageable budget
  • Identify the common issues that Not for Profit (NFP) organizations face in a typical budgeting cycle
Last updated/reviewed: November 27, 2019

3 Reviews (8 ratings)Reviews

5
Member's Profile
This course was organized to give a nice step by step plan on how to budget for any volunteer organization. It is very simple, so more for beginners than anyone whose done any kind of budgeting.
4
Anonymous Author
Good overview of process. Good for new finance or managers to a budget process.
5
Member's Profile
Adam is a great presenter and the information was clear and concise.

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course, but completion of the other courses in this series is recommended.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:31Introduction to NFP Budgeting Basics
  12:53NFP Budgeting Concepts
  9:14Best Practice Steps To Budgeting Process
  6:53Staff Budgeting Activities
  9:55Determine Direct and Indirect Costs
  11:58Management Review of Draft
  17:45Common Pitfalls
  9:36Program-Based Budget Builder: Instructions
  1:02Summary
CONTINUOUS PLAY
  1:23:47NFP Budgeting Basics
SUPPORTING MATERIALS
  PDFSlides: NFP Budgeting Basics
  PDFNFP Budgeting Basics Glossary/Index
  XLSXWallace Foundation Program Based Budget Template
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM