Overview of the course
Over the past two decades, the nonprofit sector has experienced unprecedented growth. These organizations are rarely judged solely by their financial bottom line. Instead, their worth is gauged by the effectiveness of their services and how successfully they achieve their mission.
For most organizations, the ability to deliver effective services is dependent not only on solid funding for those services, but also on sound management practices, of which financial management is an essential piece.
As public demand for more effective, efficient and accountable services has increased, good financial management has become more important. Increasingly, nonprofit organizations are expected to make creative use of scarce resources and take fiscal realities into account as they make programmatic decisions.
Capacity building is an ongoing problem experienced by NPOs for a number of reasons. Most rely on external funding (government funds, grants from charitable foundations, direct donations) to maintain their operations and changes in these sources of revenue may influence the reliability or predictability with which the organization can hire and retain staff, sustain facilities, create programs, or maintain tax-exempt status. In addition, unreliable funding, long hours and low pay can result in employee retention problems.
Resource mismanagement is a particular problem with a lot of NPOs. Such activities negatively affect the financial sustainability of the NPO, and the NPO will have financial problems unless strict controls are instated.
Potential support in the form of funding or otherwise has been lost by some NPOs because of their inability to accurately and correctly account for a previous donation, for example.
This five day course provides an introduction to the major issues and challenges leaders and managers face in increasing nonprofit organizational effectiveness. The course also aims at enhancing the participants’ knowledge and sharpening their skills so that they are able to take action confidently and at the right time in order to manage their organisation’s resources efficiently.
What you will learn from the course
Upon completion of this program, the student will be able to:
- Demonstrate an understanding of the key differences between the non-profit, for-profit and public sectors, non-profit governance, operations, and fiscal aspects of non-profit organizations.
- Articulate the different financial planning challenges facing non-profits, compared to the for-profit sector.
- Demonstrate an understanding of the fundamentals of fundraising and composing effective fundraising campaign.
- Gain an understanding of how to manage performance in an NGO
- Demonstrate an understanding of the various types of fundraising campaigns and choose the most appropriate one to implement.
- Demonstrate an understanding of fund accounting
February 19 – 23
Capital hotel, Johannesburg
Register today because you wont regret it!