Financial Control for Nonprofit Entrepreneurs
Effective financial management is essential not only for businesses but also for nonprofits. Nonprofit organizations can better accomplish their missions and provide high-quality services when they excel in financial management.
The Financial Control for Nonprofit Entrepreneurs is series of workshops crafted to empower nonprofit leaders with the essential tools, skills, and knowledge required for effective financial management.
Benefits
- Certificate of Completion awarded by Caravanserai Project, Riverside County, and RAP Foundation
- Enhance financial management knowledge and skills
- Improve your organization’s compliance and governance standing
- Access to a regional network of peers and resources
Who will benefit
Nonprofit entrepreneurs, regardless of their role in an organization, seeking to enhance their and gain comprehensive knowledge in budgeting, financial reporting, and strategic financial planning. This program equips them with the necessary tools to ensure effective financial oversight and sustainability for their nonprofit organizations.
For-profit entrepreneurs seeking to enhance their financial management skills and optimize their business’s fiscal health. This program is tailored for individuals looking to refine their understanding of budgeting, financial analysis, and strategic financial decision-making to drive sustained business growth.
FORMAT & COSTS
format
- 4 workshops
- 3 mentorship and coaching group sessions
- Language: English
- The meetings are virtual (Zoom).
Costs
Free of charge for 501C3 nonprofits that are based in and/or serving Riverside County.
For a fee: Nonprofit and for-profit entrepreneurs that do not qualify for a free of cost participation. The participation fee is $500.
Syllabus
February 1st – March 1st 2024
Demystifying Nonprofit Financial Management
February 1st, 9-10:30 am
Designed to provide valuable insights into effective financial management strategies tailored to the unique challenges and opportunities faced by nonprofit organizations.
Key Topics Covered:
- Compliance and Governance
- Risk Management
- Best Practices
Strategic Pricing and Pricing strategies
February 9th, 9-10:30 am
Designed to empower nonprofit organizations with the knowledge and skills to develop effective pricing strategies that support their mission and sustainability.
Key Topics Covered:
- Understanding Nonprofit Pricing
- Key Elements of Pricing
- Pricing Models for Nonprofits
- Value-Based Pricing
Financial Empowerment for Nonprofits
February 22nd, 9-10:30 am
Designed to equip nonprofit organizations with the financial tools and knowledge necessary for sustainable growth and impact.
Key Topics Covered:
- Financial Policies and Procedures
- Budgeting and Planning
- Financial Reporting
- Internal Controls
Nonprofit Fiscal Responsibilities
February 29th, 9-10:30 am
Designed to provide comprehensive insights into the financial management and accountability aspects of nonprofit organizations.
Key Topics Covered:
- Compliance and Legal Considerations
- Internal Controls and Risk Management
- Financial Transparency and Communication
Group coaching sessions
March 2024
The coaching sessions are available to the participants who attended all workshops. Their goal is to zoom in on specific issues covered during the workshops and provide customized feedback and support.
Each sessions (1 hour each) will include up to 5 participants.
How to join
1. Submit the application and self-assessment form
2. Receive confirmation and invitation to enroll
3. Program starts
Upcoming Cohort: February - March 2024
4. Graduation and Certificate Award
from our participants
