Financial Management for Nonprofits

Just like for-profit businesses, not-for-profit enterprises need strong financial management to ensure they can deliver the best services possible to the people who depend on them. But many nonprofits can be hampered by lack of financial know-how or resources.

Visit the online toolkit or browse the publications on this page for a range of free tools, articles, reports and other resources to help your organization.

The Groundwork for Successful Cohort-Based Fiscal Capacity Building	https://www.wallacefoundation.org/knowledge-center/Pages/The-Groundwork-for-Successful-Cohort-Based-Fiscal-Capacity-Building.aspx	The Groundwork for Successful Cohort-Based Fiscal Capacity Building	Well-designed training and support can help nonprofits manage resources for sustainability and quality, Nancy Devine writes in The Foundation Review.	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="" src="/knowledge-center/PublishingImages/The-Groundwork-for-Successful-Cohort-Based-Fiscal-Capacity-b.jpg" style="BORDER:0px solid;" /> <img alt="" src="/knowledge-center/PublishingImages/The-Groundwork-for-Successful-Cohort-Based-Fiscal-Capacity-a.jpg" style="BORDER:0px solid;" />	6/9/2016 4:00:00 AM
The Skills to Pay the Bills: An Evaluation of an Effort to Help Nonprofits Manage Their Finances	https://www.wallacefoundation.org/knowledge-center/Pages/The-Skills-to-Pay-the-Bills.aspx	The Skills to Pay the Bills: An Evaluation of an Effort to Help Nonprofits Manage Their Finances	This report examines two types of training, both of which proved effective in improving the financial management skills and practices of nonprofit afterschool providers.	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="" src="/knowledge-center/PublishingImages/The-Skills-to-Pay-the-Bills-b.jpg" style="BORDER:0px solid;" /> <img alt="" src="/knowledge-center/PublishingImages/The-Skills-to-Pay-the-Bills-a.jpg" style="BORDER:0px solid;" />	2/26/2015 5:00:00 AM
Differences a Day Can Make: Exploring the Effects of an Abbreviated Intervention on Improving Financial Management for Youth-Serving Organizations	https://www.wallacefoundation.org/knowledge-center/Pages/Differences-a-Day-Can-Make.aspx	Differences a Day Can Make: Exploring the Effects of an Abbreviated Intervention on Improving Financial Management for Youth-Serving Organizations	This report examines the effectiveness of a workshop and webinars offered through a Wallace effort to strengthen the financial management of afterschool nonprofits.	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="" src="/knowledge-center/PublishingImages/Differences-a-Day-Can-Make-b.jpg" style="BORDER:0px solid;" /> <img alt="" src="/knowledge-center/PublishingImages/Differences-a-Day-Can-Make-a.jpg" style="BORDER:0px solid;" />	10/29/2014 4:00:00 AM
Better Together: Building Local Systems to Improve Afterschool (A Conference Report)	https://www.wallacefoundation.org/knowledge-center/Pages/Better-Together-Building-Local-Systems-to-Improve-Afterschool.aspx	Better Together: Building Local Systems to Improve Afterschool (A Conference Report)	When teams from 57 U.S. cities discuss how to build local afterschool systems, ideas fly about improving access to high-quality afterschool, as documented in this conference report.	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="Better Together: Building Local Systems to Improve Afterschool (A Conference Report)" src="/knowledge-center/PublishingImages/Better-Together-Building-Local-Systems-to-Improve-Afterschool-b.jpg" style="BORDER:0px solid;" /> <img alt="Better Together: Building Local Systems to Improve Afterschool (A Conference Report)" src="/knowledge-center/PublishingImages/Better-Together-Building-Local-Systems-to-Improve-Afterschool-A.jpg" style="BORDER:0px solid;" />	7/16/2013 4:00:00 AM
VIDEO: Helping Nonprofits “Own the Numbers”	https://www.wallacefoundation.org/knowledge-center/Pages/VIDEO-Helping-Nonprofits-Own-the-Numbers.aspx	VIDEO: Helping Nonprofits “Own the Numbers”	Five videos capture aha! moments in financial management and spotlight free tools on StrongNonprofits.org that can help all nonprofits improve their fiscal fitness.<br>	54092405-3ed7-43af-891b-ab77fa4f2517	Video	<img alt="VIDEO: Helping Nonprofits “Own the Numbers” " src="/News-and-Media/Videos-and-Presentations/PublishingImages/VIDEO-Helping-Nonprofits-Own-the-Numbers-b.jpg" style="BORDER:0px solid;" />	6/14/2013 4:00:00 AM
StrongNonprofits.org: Resources for Nonprofit Financial Management	https://www.wallacefoundation.org/knowledge-center/Pages/Resources-for-Nonprofit-Financial-Management.aspx	StrongNonprofits.org: Resources for Nonprofit Financial Management	This Wallace Foundation Web site offers a range of free tools, how-tos and articles to help nonprofits strengthen their financial management. <br>	54092405-3ed7-43af-891b-ab77fa4f2517	Tool	<img alt="StrongNonprofits.org: Resources for Nonprofit Financial Management " src="/knowledge-center/PublishingImages/Resources-for-Nonprofit-Financial-Management-b.jpg" style="BORDER:0px solid;" /> <img alt="StrongNonprofits.org: Resources for Nonprofit Financial Management " src="/knowledge-center/PublishingImages/Resources-for-Nonprofit-Financial-Management-a.jpg" style="BORDER:0px solid;" />	2/19/2013 5:00:00 AM
“Lessons in Financial Management Pay Off for Chicago Charities”	https://www.wallacefoundation.org/knowledge-center/Pages/Lessons-in-Financial-Management-Pay-Off-for-Chicago-Charities.aspx	“Lessons in Financial Management Pay Off for Chicago Charities”	A <em>Chronicle of Philanthropy </em>article explores a Wallace Foundation program to help nonprofits better manage their finances.	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="“Lessons in Financial Management Pay Off for Chicago Charities”" src="/knowledge-center/PublishingImages/Lessons-in-Financial-Management-Pay-Off-for-Chicago-Charities-b.jpg" style="BORDER:0px solid;" /> <img alt="“Lessons in Financial Management Pay Off for Chicago Charities”" src="/knowledge-center/PublishingImages/Lessons-in-Financial-Management-Pay-Off-for-Chicago-Charities-a.jpg" style="BORDER:0px solid;" />	7/24/2012 4:00:00 AM
Building Stronger Nonprofits Through Better Financial Management: Early Efforts in 26 Youth-Serving Organizations	https://www.wallacefoundation.org/knowledge-center/Pages/Building-Stronger-Nonprofits-Through-Better-Financial-Management.aspx	Building Stronger Nonprofits Through Better Financial Management: Early Efforts in 26 Youth-Serving Organizations	An early look at an effort to develop the financial muscle of 26 non-profit afterschool providers finds they are making “encouraging progress.”	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="Building Stronger Nonprofits Through Better Financial Management: Early Efforts in 26 Youth-Serving Organizations " src="/knowledge-center/PublishingImages/Building-Stronger-Nonprofits-Through-Better-Financial-Management-b.jpg" style="BORDER:0px solid;" /> <img alt="Building Stronger Nonprofits Through Better Financial Management: Early Efforts in 26 Youth-Serving Organizations " src="/knowledge-center/PublishingImages/Building-Stronger-Nonprofits-Through-Better-Financial-Management-a.jpg" style="BORDER:0px solid;" />	5/31/2012 4:00:00 AM
Fiscal Fitness for Nonprofits: Project Puts Chicago After-School Programs and Funders Through a Financial Workout	https://www.wallacefoundation.org/knowledge-center/Pages/Fiscal-Fitness-for-Non-profits.aspx	Fiscal Fitness for Nonprofits: Project Puts Chicago After-School Programs and Funders Through a Financial Workout	A Wallace Story From the Field describes the foundation’s effort to strengthen financial management at high-performing nonprofits that run after-school programs.	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="Fiscal Fitness for Nonprofits: Project Puts Chicago After-School Programs and Funders Through a Financial Workout " src="/knowledge-center/PublishingImages/Fiscal-Fitness-for-Non-profits-b.jpg" style="BORDER:0px solid;" /> <img alt="Fiscal Fitness for Nonprofits: Project Puts Chicago After-School Programs and Funders Through a Financial Workout " src="/knowledge-center/PublishingImages/Fiscal-Fitness-for-Non-profits-a.jpg" style="BORDER:0px solid;" />	10/4/2011 4:00:00 AM
Fair and Accountable: Partnership Principles for a Sustainable Human Service System	https://www.wallacefoundation.org/knowledge-center/Pages/Partnership-Principles-for-a-Sustainable-Human-Services-System.aspx	Fair and Accountable: Partnership Principles for a Sustainable Human Service System	Written to help guide better Illinois government contracting with nonprofits, this statement of principles could be of use to other states, too.	54092405-3ed7-43af-891b-ab77fa4f2517	Report	<img alt="Fair and Accountable: Partnership Principles for a Sustainable Human Services System" src="/knowledge-center/PublishingImages/Partnership-Principles-for-a-Sustainable-Human-Services-System-b.jpg" style="BORDER:0px solid;" /> <img alt="Fair and Accountable: Partnership Principles for a Sustainable Human Services System" src="/knowledge-center/PublishingImages/Partnership-Principles-for-a-Sustainable-Human-Services-System-a.jpg" style="BORDER:0px solid;" />	1/1/2010 5:00:00 AM

Financial Management for Nonprofits

Financial Management for Nonprofits

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