{"product_id":"finance-fundamentals-for-nonprofits-with-website-isbn-9781118004517","title":"Finance Fundamentals for Nonprofits, with Website","description":"\u003cb\u003eA complete guide to the financial requirements a nonprofit organization must follow to indefinitely maintain the volume and quality of their services\u003c\/b\u003e \u003cp\u003eAn organization may have plenty of capacity in the long run, but in the short run, donor restrictions and limited financing options are constraining. Here-and-now liquid assets are the only resources available. Finance Fundamentals for Nonprofits: Building Capacity and Sustainability shows how to measure a nonprofit organization's financial capacity in different time frames and how to measure its ability to sustain capacity in each case.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExplains how nonprofits differ from businesses and how they promote values-centered management\u003c\/li\u003e \u003cli\u003eReveals how to improve financial capacity and sustainability\u003c\/li\u003e \u003cli\u003eWritten by a nonprofit scholar\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled with real-world case studies and actionable advice relating financial health to financial capacity and sustainability, this book is essential reading for every nonprofit professional.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Introduction: How Nonprofits are (and are Not) Like Businesses 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat are Nonprofits? 2\u003c\/p\u003e \u003cp\u003eWhy are There Nonprofits? 4\u003c\/p\u003e \u003cp\u003eNonprofits as Businesses 5\u003c\/p\u003e \u003cp\u003eAdvantages and Disadvantages of Being Nonprofit 8\u003c\/p\u003e \u003cp\u003eThis Book’s Agenda 11\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Accounting: Measuring Past Performance 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBasis of Accounting and Audits 16\u003c\/p\u003e \u003cp\u003eStatement of Financial Position 17\u003c\/p\u003e \u003cp\u003eStatement of Activities 20\u003c\/p\u003e \u003cp\u003eOther Statements and Notes 26\u003c\/p\u003e \u003cp\u003eWhat to Look For 27\u003c\/p\u003e \u003cp\u003eIRS Form 990 30\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Investing: Looking to the Future 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvesting 33\u003c\/p\u003e \u003cp\u003eEndowment 39\u003c\/p\u003e \u003cp\u003eValues-Centered Investing 42\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 46\u003c\/p\u003e \u003cp\u003eAppendix 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Budgeting: Taking Control of the Present 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBudgeting Practices 49\u003c\/p\u003e \u003cp\u003eBudget Structure 53\u003c\/p\u003e \u003cp\u003eReconciling Budgets and Financial Statements 55\u003c\/p\u003e \u003cp\u003eReconciling Budgets and IRS Form 990 63\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 64\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Nonprofits in History and Tax Law: Why Nonprofits Do What They Do 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eClassification 66\u003c\/p\u003e \u003cp\u003eUnrelated Business Income Tax 75\u003c\/p\u003e \u003cp\u003eIntermediate Sanctions 76\u003c\/p\u003e \u003cp\u003eLobbying and Political Action 78\u003c\/p\u003e \u003cp\u003eState Law 79\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Ordinary Service Providers: Serving the Public Today 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLong-Term Objective: Maintaining Services 82\u003c\/p\u003e \u003cp\u003eShort-Term Objective: Resilience 85\u003c\/p\u003e \u003cp\u003eCurrent Objective: Paying Bills 89\u003c\/p\u003e \u003cp\u003eApplication 90\u003c\/p\u003e \u003cp\u003eBenchmarking 91\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 94\u003c\/p\u003e \u003cp\u003eAppendix 94\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Membership Associations: Serving People with a Common Purpose 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMembership Associations 98\u003c\/p\u003e \u003cp\u003eCooperatives 101\u003c\/p\u003e \u003cp\u003eCapacity and Sustainability 103\u003c\/p\u003e \u003cp\u003eTwo Applications 104\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 105\u003c\/p\u003e \u003cp\u003eAppendix: ASAE\/CAL Metrics of Financial Capacity for Membership Associations 106\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Endowed Service Providers: Serving the Next Generation, Too 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 108\u003c\/p\u003e \u003cp\u003eLong-Term Objective: Maintaining Services 111\u003c\/p\u003e \u003cp\u003eShort-Term Objective: Resilience 113\u003c\/p\u003e \u003cp\u003eCurrent Objective: Paying Bills 115\u003c\/p\u003e \u003cp\u003eApplication: Famous University 116\u003c\/p\u003e \u003cp\u003eBuilding an Endowment 117\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Grantmaking Organizations: Serving Service Providers 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFoundation Types 122\u003c\/p\u003e \u003cp\u003eFinancing Models 123\u003c\/p\u003e \u003cp\u003eCapacity and Sustainability 126\u003c\/p\u003e \u003cp\u003eIllustrations 131\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 131\u003c\/p\u003e \u003cp\u003eAppendix: S\u0026amp;P Metrics of Financial Capacity for Grantmakers 133\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Beyond Sustainability: Managing Revenue to Maximize Growth 135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRevenue Sources 135\u003c\/p\u003e \u003cp\u003eTheories of Revenue Compensation 139\u003c\/p\u003e \u003cp\u003eApplication 144\u003c\/p\u003e \u003cp\u003eUnfair Competition 145\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 146\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The Nonprofit Difference: Doing Good Well 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eControl Environment 150\u003c\/p\u003e \u003cp\u003eBeing Businesslike 153\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 158\u003c\/p\u003e \u003cp\u003eNotes 159\u003c\/p\u003e \u003cp\u003eGlossary 173\u003c\/p\u003e \u003cp\u003eReferences 187\u003c\/p\u003e \u003cp\u003eAbout the Web Site 201\u003c\/p\u003e \u003cp\u003eAbout the Author 203\u003c\/p\u003e \u003cp\u003eIndex 205\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eWOODS BOWMAN, P\u003csmall\u003eH\u003c\/small\u003eD,\u003c\/b\u003e 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 \u003ci\u003eNonprofit Management and Leadership\u003c\/i\u003e and \u003ci\u003eNonprofit and Voluntary Sector Quarterly\u003c\/i\u003e. In addition, Dr. Bowman writes a column on ethics for the \u003ci\u003eNonprofit Quarterly\u003c\/i\u003e.    \u003c\/p\u003e\u003cp\u003eWhat is the nonprofit equivalent of profit? Should nonprofits try to maximize it, the way businesses strive to boost revenue? Rich with practicality, \u003ci\u003eFinance Fundamentals for Nonprofits: Building Capacity and Sustainability\u003c\/i\u003e clearly lays out the best practices and solid finance principles you need to understand the business of being nonprofit.  \u003c\/p\u003e\u003cp\u003ePublic finance expert Woods Bowman starts by looking at the two essential dimensions of financial health—\u003ci\u003ecapacity\u003c\/i\u003e, an ability to do things and withstand unexpected shocks, and \u003ci\u003esustainability\u003c\/i\u003e, 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.  \u003c\/p\u003e\u003cp\u003eAlong with a companion website featuring a variety of online tools, this hands-on guide explores topics, including: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eAccrual accounting, highlighting treatment of non-commercial (alternative) income\u003c\/li\u003e \u003cli\u003eThe legal and management issues an endowment raises\u003c\/li\u003e \u003cli\u003eHow to configure budgets to conform to nonprofit accounting rules\u003c\/li\u003e \u003cli\u003eReconciling budgets with both financial statements and the IRS Form 990\u003c\/li\u003e \u003cli\u003eHow federal tax law classifies tax-exempt institutions\u003c\/li\u003e \u003cli\u003eOrdinary service providers\u003c\/li\u003e \u003cli\u003eMembership associations\u003c\/li\u003e \u003cli\u003eEndowed service providers\u003c\/li\u003e \u003cli\u003eGrantmakers\u003c\/li\u003e \u003cli\u003eHow producers of goods and services can improve sustainability through revenue management\u003c\/li\u003e \u003cli\u003eThe ethical duties of nonprofits\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003eFilled 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.    \u003c\/p\u003e\u003cp\u003eWhat is the nonprofit equivalent of profit? Should nonprofits try to maximize it, the way businesses strive to boost revenue? Rich with practicality, \u003ci\u003eFinance Fundamentals for Nonprofits: Building Capacity and Sustainability\u003c\/i\u003e clearly lays out the best practices and solid finance principles you need to understand the business of being nonprofit.  \u003c\/p\u003e\u003cp\u003ePublic finance expert Woods Bowman starts by looking at the two essential dimensions of financial health—\u003ci\u003ecapacity\u003c\/i\u003e, an ability to do things and withstand unexpected shocks, and \u003ci\u003esustainability\u003c\/i\u003e, 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.  \u003c\/p\u003e\u003cp\u003eAlong with a companion website featuring a variety of online tools, this hands-on guide explores topics, including: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eAccrual accounting, highlighting treatment of non-commercial (alternative) income\u003c\/li\u003e \u003cli\u003eThe legal and management issues an endowment raises\u003c\/li\u003e \u003cli\u003eHow to configure budgets to conform to nonprofit accounting rules\u003c\/li\u003e \u003cli\u003eReconciling budgets with both financial statements and the IRS Form 990\u003c\/li\u003e \u003cli\u003eHow federal tax law classifies tax-exempt institutions\u003c\/li\u003e \u003cli\u003eOrdinary service providers\u003c\/li\u003e \u003cli\u003eMembership associations\u003c\/li\u003e \u003cli\u003eEndowed service providers\u003c\/li\u003e \u003cli\u003eGrantmakers\u003c\/li\u003e \u003cli\u003eHow producers of goods and services can improve sustainability through revenue management\u003c\/li\u003e \u003cli\u003eThe ethical duties of nonprofits\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFilled 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.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989208809701,"sku":"NP9781118004517","price":65.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118004517.jpg?v=1761783214","url":"https:\/\/k12savings.com\/products\/finance-fundamentals-for-nonprofits-with-website-isbn-9781118004517","provider":"K12savings","version":"1.0","type":"link"}