Nonprofit Financial Literacy Certification

Nonprofit impact expert Derik Timmerman will share the nonprofit financial literacy essentials you need. You will learn how to steward your resources wisely while fulfilling your legal and ethical responsibilities.

What You'll Learn

  • Understand the details of financial management and reporting
  • Expertly communicate about financial topics
  • Earn a meaningful certification
  • Advance your career
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    On-Demand
    Certification
    Training Includes:
    Nonprofit Financial Literacy Certification
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    INFORMATION
    Training Overview

    Transform your Nonprofit’s Financial Oversight and Achieve Financial Excellence!

    Financial literacy will empower you to lead your nonprofit with solid fiscal skills, a new appreciation of the numbers, and the respect of your colleagues. It doesn’t take an accounting degree—or even math prowess—to be financially literate.


    To help you master nonprofit finance, we have organized an information-packed and timely series of five webinars led by a nationally recognized expert. The Nonprofit Financial Literacy Certification will enable you to:

    • Understand the details of financial management and reporting
    • Expertly communicate about financial topics
    • Earn a meaningful certification
    • Advance your career

    Nonprofit Financial Literacy Certification

    Session 1: Leadership Roles, Responsibilities, and Oversight

    • Fiduciary duty
    • Role, preparation, and oversight of a budget
    • Roles of your board and executives
    • Role of finance professionals
    • Relationship between organizational priorities and financial oversight

    Session 2: Accounting Terms, Processes, and Financial Reporting

    • Types of financial statements
    • Who prepares what
    • Key questions you and your finance professionals should answer

    Session 3: Utilizing Dashboards

    • Key performance indicators (KPIs)
    • Visual display and publishing of KPIs
    • Structure and frequency of performance dialogues with staff and board

    Session 4: Operational Planning and Budgeting

    • Ten steps to creating a budget
    • Walkthrough of an actual budget template
    • How to avoid the “tweak last year” trap
    • How to handle mid-year financial surprises

    Session 5: A Culture of Stewardship

    • Reviews and audits
    • How to create a culture of transparency, stewardship, and accountability
    • Questions every board should ask its executive director
    Recommended Audience
    Who Should Attend?
    • Nonprofit chief executives
    • Executive directors
    • Financial officers
    • Board members
    • Development staff
    • Program directors
    • Consultants
    • Legal counsel
    • Senior management
    • Marketing staff
    • Financial staff
    • Budget managers
    • Grant managers
    About

    Expert Presenter

    Derik Timmerman
    • Founder of Sparrow Nonprofit Solutions
    • Former management consultant at McKinsey & Company
    • Served as a US Army Intelligence Officer with two combat deployments
    • Successfully raised over $3 million in funds
    • Board member at numerous nonprofits
    • Served as an Executive Pastor
    • Certified Fundraising Executive (CFRE)
    • Derik graduated in the top 10% of his West Point class
    • Masters in Divinity from Liberty University
    • In the dissertation phase of a PhD in Philosophy of Religion from Southeastern Baptist Theological Seminary