Monthly Financial Reports Your Nonprofit Needs… Part 1

As an Executive Director, you need to communicate your nonprofit’s financial position to your board on a monthly basis.  This is a key method of keeping your board informed between meetings.financial reports

To begin, if you aren’t using a bookkeeper, get QuickBooks for Nonprofits. Sign up with TechSoup (www.techsoup.org) and get it now. It’s about $35 and worth its weight in gold. Trying to keep the books in Excel only increases your workload, and will be a nightmare when you prepare your 990.

The first two reports you need are the Statement of Financial Income and Expense (aka Income Statement) and Statement of Financial Position (aka Balance Sheet) found under the Reports/Nonprofit Reports tab.  The Income Statement tracks your income and expenses.  You may want to report this for the last month, as well as the fiscal year to date.  The Balance sheet should be as of the end of the last full month.

Our next posts will discuss budgets, budget reporting, cash flow forecasts and using a “Dashboard.”

SureFire Prayer International… Another Nonprofit Ministry in Training

Surefire Prayer

SureFire Prayer International equips church leaders and families to apply Biblical lessons to everyday life, with a focus on prayer.  This focus will lead to a healthier Kingdom lifestyle for participants.  SureFire Prayer has presented its programs around the U.S. and internationally. Paige chose to be a part of LEAD after a friend invited her to […]

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Another LEAD Ministry Making an Impact: The Collective at Cumberland

Stacy Brungardt

The Collective at Cumberland provides community development through educational work force development.  They also provide student programs, and a construction ready job training program, with a 100% placement rate for graduates. Stacy Brungardt, Program Director, recently completed the ten month LEAD training for nonprofit leaders. “LEAD Training gave me the vocabulary I needed to talk […]

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Another Atlanta LEAD Ministry Making an Impact: Heart of a Champion

Heart of a Champion, led by Tim Adcox, provides character development and service opportunities to the ‘Perfect Game’ travel baseball teams that come to the LakePoint Sporting Community (near Cartersville, GA). Over 80% of today’s professional baseball players participated in ‘Perfect Game’ sponsored events while they were in high school.  This represents a unique opportunity […]

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Atlanta LEAD Institute Nonprofit Leaders Graduate

Class 16 17 panel also

  Leaders of seven Atlanta nonprofits presented their organization to a panel of foundation and church representatives on June 15, 2016.  Each leader had an opportunity to showcase their organization: it’s background, it’s programs, it’s accomplishments, and it’s needs.  They then received ‘customer’ feedback from Elaine Franklin of One Hundred Shares, Debra Potter of Perimeter […]

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Nonprofit Giving Grows 4.1% Over Last Year

Giving USA reports that in the last year, giving grew by 4.1% to a total of $373.25 Billion.  Average per capita giving per adult is $1,100, or $2,200 per family. As we discuss at LEAD, 80% of giving comes from individuals.  71% directly and 9% by bequests. For more details from “The Fundraising Coach”  click here. […]

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Atlanta LEAD Institute Graduation of Nonprofit Leaders

Ready for Feedback

On June 15 seven nonprofit leaders presented to a panel of funders.  Upon completion they received verbal and written feedback on their presentation.  Bennett Ekandem (Family Heritage), Kimberlyn Abbey (Agape Women’s Ministry), Tim Moore (L’Arche Atlanta), Missy Owen (Davis Direction Foundation), Tim Adcox (Heart of a Champion), Paige Kolb (Surefire Prayer Ministry).  Not shown, Stacy […]

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Coaches Making a Difference

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We just wrapped up our training for Class 16 last Friday, here are three of our graduates and their coaches.  We appreciate the difference your coaching makes! Tweet

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More from our Graduation Dry Run

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Graduation Dry Run Presentations

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Thanks to Angela Naphin for organizing a panel to provide feedback on Class 16 and 17 presentations.  We really appreciate Shelli Keagle, Jenny Cater, Angie Wessner, Jill Hardy and Bill Serravezza spending the morning and sharing their feedback with our class. These will be the basis for presentations to a panel of foundation and church […]

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