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Nonprofit Funds Management+context
Financial management is one of the most important practices that an organization can be skilled in. With the challenges of accountability and regulations facing today’s nonprofits, an understanding of the basics can help to ensure that your organization is fiscally responsible. This topic will help you understand basic practices in financial management, and build the basic systems and practices essential for a healthy organization. http://www.npgoodpractice.org/Topics/Financial/Default.aspx
+resources and best practices
Nonprofit Funds Management+definitions
nonprofit: An organization that exists for reasons other than to make a profit, such as a charitable, educational or service organization. http://en.wiktionary.org/wiki/nonprofit 501(c) is a provision of the United States Internal Revenue Code (26 U.S.C. § 501(c)), listing twenty-eight types of non-profit organizations exempt from some Federal income taxes. Sections 503 through 505 list the requirements for attaining such exemptions. Many states reference Section 501(c) for definitions of organizations exempt from state taxation as well. - Wikipedia at: http://en.wikipedia.org/wiki/501%28c%29
Finance is the science of funds management.[1] The general areas of finance are business finance, personal finance, and public finance.[2] Finance includes saving money and often includes lending money. The field of finance deals with the concepts of time, money and risk and how they are interrelated. It also deals with how money is spent and budgeted.
Finance works most basically through individuals and business organizations depositing money in a bank. The bank then lends the money out to other individuals or corporations for consumption or investment, and charges interest on the loans.
Nonprofit Funds Management+best practices
Financial Management
The Nonprofit Good Practice Guide contains a section on financial managment which is divded into the these topics: accounting, financial reporting, human resources, legal considerations, sustainability and taxation. These topics are then further divided into subcatagories where you can locate links to each of the resources.
http://www.npgoodpractice.org/Topics/Financial/Default.aspx
Basic Guide to Non-Profit Financial Management
Written by Carter McNamara, MBA, PhD, Authenticity Consulting, LLC. Copyright 1997-2008.
http://managementhelp.org/finance/np_fnce/np_fnce.htm
Sound Nonprofit Financial Management for a Sound Night’s Sleep
From Bonnie McFarlane, for About.com
http://nonprofit.about.com/od/nonprofitmanagement/a/finmgmt.htm
How To Purchase Audit Services
http://nonprofit.about.com/od/nonprofitmanagement/ht/audit.htm
Streetsmart Financial Basics for Nonprofit Managers, Thomas A. McLaughlin. John Wiley & Sons, NY, 2009.
find at a library: http://www.worldcat.org/oclc/49206126
Nonprofit Funds Management+standards in field
The Looking-Glass World of Nonprofit Money: Managing in For-Profits' Shadow Universe
The Nonprofit Quarterly
Clara Miller
From the spring 2005 edition: Nonprofit Reality Shows-Live and Unrehearsed.
http://www.nonprofitquarterly.org/content/view/32/28/
