Financial Management Networking Lunch

Date: Nov 2, 2017
Time: 12:00 PM to 01:00 PM

Minnesota Council of Nonprofits Conference Room
2314 University Ave. W., Suite 20, St. Paul

Fee: Free

If you are interested in learning more about financial management-related nonprofit work, you are invited to join MCN and Nonprofits Assistance Fund for this free, informal discussion and information sharing group.

Each month a topic is identified around which the majority of the discussion will revolve. Participants are encouraged to bring questions, examples and insights related to the topic of the session. In addition to the featured topic discussion, each session will include time to network and ask questions. This network is free and no RSVP is necessary. You are invited to bring your lunch, business cards and ideas. If you have any questions about the Financial Management Networking Lunches, please contact Becky Johnson, MCN's accountant, at 651-757-3081 or

The Financial Management Networking Lunches are co-sponsored by Propel Nonprofits.

2017 Dates and Topics

  • January 5 - Reserves: What are reserves; reserve levels; best practices surrounding reserves; building reserves
  • February 2 - Fiscal Sponsorship: Look at best fit for both parties; memorandum of understanding; sponsorship vs agent relationships
  • March 2 - Money and Culture: What is the feeling surrounding money in different cultures; how do people in different cultures talk about money; how do these differences impact the way you ask for donations, acknowledge donations, approach collections
  • April 6 - New Program Considerations: Business models for new programs
  • May 4 - Sales & Use Tax: When are nonprofits required to pay sales tax or collect sales tax; what items are taxed and what exclusions are there for nonprofits; exemption application; resources
  • June 1 - Board Members: What to look for in a board treasurer; how to recruit board members; position descriptions; what is expected; organizational needs to be fulfilled via board member expertise; resources for recruiting; legal requirements of boards and board members
  • July 6 - Form 990: Overview of the form; what is the IRS looking at; common errors
  • August 3 - Program Evaluation: How to approach program evaluation; ways to evaluate programs beyond the dollars
  • September 7 - Characteristics of a Financially Healthy Nonprofit: Overview of governance management, and structural factors that indicate financial strength; review resources available for building effective financial practices
  • October 5 - Budgeting for Grants: Fully accounting for costs that go into providing a program or service that the grant is funding; how to account for grant costs; how to communicate those costs to funders
  • November 2 - Managing Cash Flows: Evaluating and forecasting cash flows; options for managing cash flows
  • December 7 - Special Events: How to set up events, auctions, etc.; legal implications of games of chance; accounting for these activities including donor acknowledgements

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