Finance

Toolkits

Operating Reserve Policy Toolkit for Nonprofit Organizations

Assessment Tools

Webinars

Strategic Alliances and Partnerships for Arts Organizations
Endowments & Capitalization for Orchestras
Facility Projects: Planning, Funding and Financing Strategies
Critical Elements in Nonprofit Financial Statements
Accessing and Managing Credit
Cash Flow Planning
Sound Financial Planning
Developing a Useful Financial Model

_________________________________________

ToolKits

Operating Reserve Policy Toolkit for Nonprofit Organizations

This valuable resource will help you make a compelling case within your organization for the need to establish an operating reserve.

This toolkit was created to provide a resource to:

help to make a compelling case within the organization for the need to establish an operating reserve
provide factors to take into consideration in determining the size of the operating reserve for their organizations
suggest practices for managing the reserve and reporting its balance
offer some tools with which to go about drafting a policy to record decisions

Free to League members; available on-demand. Register here >>

Sponsored by the National Center for Charitable Statistics, Center on Nonprofits and Philanthropy at the Urban Institute, and United Way Worldwide.

_________________________________________

Webinars

Strategic Alliances and Partnerships for Arts Organizations
(developed in association with the Nonprofit Finance Fund)

This webinar is designed for executive directors and other senior staff and will examine how partnerships, alliances, and mergers can be positive, strategic decisions for organizations with compatible missions and services. While it is commonly assumed that strategic alliances always involve mergers, there are many options that orchestras can use to develop partnerships to help them achieve mutual goals. Mergers and alliances are powerful leadership tools that can greatly support common mission by building organizational strength.

This practical webinar offers orchestras the insight, tools, and guidance they need to better understand the benefits and potential concerns of strategic alliances among arts organizations. Learn how to use a nationally-recognized framework to decide what type of collaboration to pursue, and be better equipped to discuss options for collaboration with other arts organization.

Free to League members; available on-demand. To access this webinar, you must create an account on the Nonprofit Finance Fund website- it only takes two minutes! Click here to create your account and view this webinar. When registering, the group key is: metlife

_______________________________________________

Endowments & Capitalization for Orchestras
(developed in association with the Nonprofit Finance Fund)

In this webinar, learn about traditional endowments and cash reserves, including benefits, tradeoffs, and capitalization planning. Participants will review a case study exercise on the role of raising an endowment on organizational operations and examine a 990-based sector analysis of League-member organizations.

Free to League members; available on-demand. Register here >>

_______________________________________________

Facility Projects: Planning, Funding and Financing Strategies
(developed in association with the Nonprofit Finance Fund)

This three-part webinar will demystify the various fundraising and financing strategies available to pay for a facility project. Study the impact acquisition can have on your organization’s mission, programs, structure, operations, fundraising and financial health. Topics include:

Planning for your project and understanding its impact on your organization
The relationship between operating, project and fundraising budgets
An overview of cash flow statements
The lending process and various financing options

Free to League members; available on-demand. Register here >>

_______________________________________________

Critical Elements in Nonprofit Financial Statements
(developed in association with the Nonprofit Finance Fund)

This webinar is designed to increase the comfort of nonprofit managers and board members in reading and interpreting nonprofit financial statements. Learn to balance your organization’s mission with its financial realities. You will receive a crash course on interpreting your financial statements to reveal the business underpinning your programs; follow a real-life nonprofit case study, with financial information drawn to demonstrate how the choices you make impact your organization’s financial health and viability; and review the use of financials in articulating your resource needs to stakeholders.

Free to League members; available on-demand. To access this webinar, you must create an account and register on the Nonprofit Finance Fund website. Click here to register and view this webinar. (When registering, the group key is: metlife)

_______________________________________________

Accessing and Managing Credit
(developed in association with the Nonprofit Finance Fund)

How an organization is assessed for creditworthiness? Learn how to assess your organization in its ability to qualify for and access credit. At the end of this webinar, nonprofit managers and board members will be more comfortable understanding how their organization can consider a variety of credit scenarios and identify the various approaches available to you. You will follow a real-life nonprofit case study to demonstrate how various debt scenarios can impact your organization’s financial health and viability.

Free to League members; available on-demand. To access this webinar, you must create an account and register on the Nonprofit Finance Fund website. Click here to register and view this webinar. (When registering, the group key is: metlife)

_______________________________________________

Cash Flow Planning
(developed in association with the Nonprofit Finance Fund)

This timely, practical webinar will provide participants with tips and tools to understand how to appropriately plan and monitor cash needs by analyzing your incoming and outgoing cash, including learning to use a monthly cash flow projection.

Free to League members; available on-demand. To access this webinar, you must create an account and register on the Nonprofit Finance Fund website. Click here to register and view this webinar. (When registering, the group key is: metlife)

_______________________________________________

Sound Financial Planning
(developed in association with the Nonprofit Finance Fund)

This timely, practical webinar will provide participants with tips and tools to lead their organizations during challenging times and beyond. NFF will offer guidance to enhance staff’s understanding of the interplay between financial risk, revenue reliability and fixed costs. We will also discuss how this information can be used to inform planning and decision-making organization-wide.

Free to League members; available on-demand. To access this webinar, you must create an account and register on the Nonprofit Finance Fund website. Click here to register and view this webinar. (When registering, the group key is: metlife)

_______________________________________________

Developing a Useful Financial Model

Learn how to assemble the financial picture of your orchestra and present the information in a total of three concise pages. This model offers flexibility as well as expense/revenue detail that is helpful to all budget size orchestras.

Presenters: Ed Sermier, former CFO, New York Philharmonic and consultant; Graham Parker, former executive director, Orpheus Chamber Orchestra, and Kristine Spensieri, CFO, Orpheus Chamber Orchestra.

Fee: $85 for League members; $125 for non-Members, 50 minutes; available on-demand. Register here >>

Webinars developed in partnership with the Nonprofit Finance Fund are made possible by a generous grant from MetLife Foundation.

Additional support for Webinars is provided by grants from The Andrew W. Mellon Foundation, The Hearst Foundation, Inc., and National Endowment for the Arts, and, in part, by public funds from the New York City Department of Cultural Affairs in partnership with the City Council.
.