Stuart SobelView All Courses By Stuart Sobel
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Stu Sobel is the consummate Instructor with 30 years IRS experience; co-authored the IRS Examination Standards Manual; taught at major universities; had a nationally syndicated radio program and published four books on taxation. Stu has provided continuing education to more than 25,000 CPAs, Attorneys, Enrolled Agents and Non-Profits Members/Directors.
Take This Education Course
Purchase This Without CPE Credit For $39.00
Take Course With CPE Credit
Purchase This With CPE Credit For $79.00
Why do small nonprofits fail? Their failure often results from a lack of proper planning. An organization must develop a plan with an achievable destination (goals). Then the budget acts as the roadmap and GPS system that lead the organization to its destination.
This class provides unique insight into the creation of a budget for an organization in our financially distressed economy. The course provides tools and techniques that will benefit novice and experienced professionals alike.
The following topics are discussed in detail.
• Creation of a strategic management model for an organization
• The Deming Cycle: Plan, Do, Check, Act
• Challenges of the struggling economy and the proliferation of new nonprofits
• Importance of pro bono or in-kind donations
• Allocation of expenses between programming, administration, and fundraising
• Analysis of incremental budgeting
• Utilization of logistics-based or zero-based budgeting
• How a lack of internal control impacts on a budget
• Detriments of unrelated business taxable income
• Proper utilization of budget variances
Upon successful completion of this course, participants will be able to
• Understand the importance of developing a strategic plan as a requirement for a strong budget
• Practice creative revenue production or expense elimination for a small nonprofit
• Recognize the pitfalls of total reliance on a system of incremental budgeting
• Dedicate more resources to program services than to the other categories of expenses
Table of Contents
NASBA field of study: 2 hours CPE Credit