Finance Unlocked for Nonprofits, which intentionally abbreviates to FUN, was created to bring fun to finance.
Each board member has their own personal experiences with finance that may range from excitement to mixed feelings to uneasiness. The feelings and perceptions you may carry shape how you approach your relationship to nonprofit finance. Approaching nonprofit finance in a welcoming way, Finance Unlocked for Nonprofits (FUN) aims to help unlock your financial literacy.
From key words and forms to understanding how everything fits together, this FUN course will increase your basic nonprofit finance knowledge. Putting knowledge into action to improve your nonprofit’s financial practices is important, and you will find activities, worksheets, and reflection questions throughout the course to help you. FUN breaks down the basics into five chapters: Balance Sheet, Income Statement, Nine-Ninety (IRS Form 990), Giving, and Oversight. With fun in mind, the chapters spell out BINGO. Practice what you learn by playing the Finance Unlocked for Nonprofits BINGO game with your board, finance committee, or staff team.
As you go through this course, it would be helpful to have your organization’s most recent balance sheet, income statement, and IRS form 990 available to you, as well as financial policies.
Important Note: This information is provided for educational purposes only and does not constitute legal or technical advice. If you are unsure about anything covered in this course, we suggest that you contact the appropriate agency or seek professional advice.