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Informationen zum Autor WOODS BOWMAN, PhD, is a Professor of Public Service at DePaul University who brings to the classroom a range of experience in public finance and a passion for ethical governance. He is the former CFO of Cook County, a former member of the House of Representatives, Illinois General Assembly, from 1977-1990, and former chair of the Appropriations II Committee. He is a board member of the Association for Research on Nonprofit Organizations and Voluntary Action. He received the Chairman's Award from Goodwill Industries International for his service to a local affiliate. His articles have appeared in Nonprofit Management and Leadership and Nonprofit and Voluntary Sector Quarterly. In addition, Dr. Bowman writes a column on ethics for the Nonprofit Quarterly. Klappentext What is the nonprofit equivalent of profit? Should nonprofits try to maximize it, the way businesses strive to boost revenue? Rich with practicality, Finance Fundamentals for Nonprofits: Building Capacity and Sustainability clearly lays out the best practices and solid finance principles you need to understand the business of being nonprofit. Public finance expert Woods Bowman starts by looking at the two essential dimensions of financial health? capacity , an ability to do things and withstand unexpected shocks, and sustainability , the maintenance of financial capacity?explaining how to measure your nonprofit's financial capacity in different time frames and then measure its ability to sustain that capacity. Along with a companion website featuring a variety of online tools, this hands-on guide explores topics, including: Accrual accounting, highlighting treatment of non-commercial (alternative) income The legal and management issues an endowment raises How to configure budgets to conform to nonprofit accounting rules Reconciling budgets with both financial statements and the IRS Form 990 How federal tax law classifies tax-exempt institutions Ordinary service providers Membership associations Endowed service providers Grantmakers How producers of goods and services can improve sustainability through revenue management The ethical duties of nonprofits Filled with real-world case studies, this user-friendly, jargon-free guide uniquely blends business and public service perspectives on nonprofit financial management, providing you with the know-how and confidence you need to establish the financial capacity your nonprofit's mission requires?and sustaining it over time. Zusammenfassung A complete guide to the financial requirements a nonprofit organization must follow to indefinitely maintain the volume and quality of their services An organization may have plenty of capacity in the long run, but in the short run, donor restrictions and limited financing options are constraining. Inhaltsverzeichnis Preface ix Acknowledgments xi Chapter 1 Introduction: How Nonprofits are (and are Not) Like Businesses 1 What are Nonprofits? 2 Why are There Nonprofits? 4 Nonprofits as Businesses 5 Advantages and Disadvantages of Being Nonprofit 8 This Book's Agenda 11 Concluding Thoughts 14 Chapter 2 Accounting: Measuring Past Performance 15 Basis of Accounting and Audits 16 Statement of Financial Position 17 Statement of Activities 20 Other Statements and Notes 26 What to Look For 27 IRS Form 990 30 Concluding Thoughts 31 Chapter 3 Investing: Looking to the Future 33 Investing 33 Endowment 39 Values-Centered Investing 42 Concluding Thoughts 46 Appendix 47 Chapter 4 Budgeting: Taking Control of the Present 49 Budgeting Practices 49 Budget Structure 53 Reconciling Budgets and Financial Statements 55 Reconciling Budgets and IRS Form 990 63 Concluding Thoughts 64 ...