Nonprofit Finance: The Field Guide for Financial Operations of Ministries, Schools, and Other Public Charities
A new edition of this title, the Updated First Edition, was released on October 13, 2023, with some minor updates!
Financial administration is a critically important and foundational element of a sound and healthy nonprofit. If done poorly, every day can bring a new emergency or crisis, which can impair the credibility of the organization’s message or impede its ability to carry out its mission effectively. That said, Mike Batts’ Nonprofit Finance: The Field Guide for Financial Operations of Ministries, Schools, and Other Public Charities, was designed specifically to provide the clarity and guidance needed to successfully navigate financial administration while effectively pursuing your nonprofit’s purpose.
With so many laws, rules, best practices, and other considerations that can apply to the financial administration of a nonprofit, even the best financial and administrative leaders need help at times. Therefore, the main goal of this book is to aid nonprofit leaders in their journey in a practical way that supports daily operations.
Table of Contents
- Mission, Purpose, and Budgeting
- Accounting and Financial Reporting
- Income—Contributions
- Other Revenue Sources
- Compensation
- Managing Liquidity and Financial Position
- Maintaining Sound Internal Control
- Audits and Other Financial Accountability Activities
- Tax Compliance
- Governance and Policies
- Risk Management
Complimentary copies are available to current BMWL clients. Please email [email protected] to request additional copies.
Appendices
Appendix A. Sample Conflicts-of-Interest Policy
Appendix B. Sample Executive Compensation-Setting Policy
Appendix C. Sample Policy on Dishonesty, Fraud, and Whistleblower Protection
Editorial Reviews
"Michael Batts and his team hit a home run with Nonprofit Finance! I find myself using the wealth in this book often, for issues that I am working through in nonprofit finance, to educate accounting staff members and to explain complex issues to our Executive staff. The book is both detailed and comprehensive, and it allows me to find solutions without consulting multiple sources. I strongly recommend Nonprofit Finance to all nonprofit accountants and leaders."
Tim Hoy, Controller | Cross Catholic Outreach, Inc.
"Nonprofits and finances – in practice, these two words should fit together well for organizational flourishing, reflecting capable stewardship and stability. But all too often, financial aspects of nonprofit operations can prove intimidating, overlooked, or otherwise mismanaged. This easy-to-digest book is chock full of worthwhile pointers, helpful instructions, and advice well worth following closely, all to help nonprofit leaders achieve optimal success and integrity in financial administration. Through this highly readable book, Batts' useful guidance, illustrative anecdotes, and accompanying recommendations score high marks for successful nonprofit financial management."
Sally Wagenmaker, Attorney at Law | Wagenmaker & Oberly, LLC
"Nonprofit Finance: The Field Guide for Financial Operations of Ministries, Schools, and Other Public Charities – This book is a tremendous resource that every nonprofit organization can use. It addresses many critical issues essential to effective and efficient financial administration. In typical Mike Batts fashion, the information is presented in a manner that can be easily understood by staff."
Dan Kreider, Chief Operations Officer | Ethnos360
"It’s loaded with practical wisdom from someone who has seen it all, and it's written in a format that is easy for both bean-counters and non-finance types to understand. I wish I had read this ten years ago when I entered the non-profit world.”
Dave Schutt, Director of Finance | Barnabas Foundation
“Financial integrity and accountability are a must for nonprofits in today’s world. In Nonprofit Finance, thought leader and veteran CPA Mike Batts offers a technically sound, comprehensive, and extremely practical roadmap in helping build the solid financial foundation you need to fuel your organization’s mission.”
Michael Martin, President | ECFA
"Mike is both a friend and trusted advisor. For more than 20 years, First Baptist Church and The First Academy have benefited from his wise counsel. Nonprofit Finance: The Field Guide for Financial Operations of Ministries, Schools, and Other Public Charities is a "must-have" for every ministry leader. It's the most practical and informative read you'll have on your bookshelf."
Dr. Steve Whitaker, Head of School | The First Academy
Books
Nonprofit Finance: The Field Guide for Financial Operations of Ministries, Schools, and Other Public Charities
Financial administration is a critically important and foundational element of a sound and healthy nonprofit. If done poorly, every day can bring a new emergency or crisis, which can impair the credibility of the organization’s message or impede its ability to carry out its mission effectively. That said, Mike Batts’ Nonprofit Finance: The Field Guide for Financial Operations of Ministries, Schools, and Other Public Charities, was designed specifically to provide the clarity and guidance needed to successfully navigate financial administration while effectively pursuing your nonprofit’s purpose.
With so many laws, rules, best practices, and other considerations that can apply to the financial administration of a nonprofit, even the best financial and administrative leaders need help at times. Therefore, the main goal of this book is to aid nonprofit leaders in their journey in a practical way that supports daily operations.
Table of Contents
- Mission, Purpose, and Budgeting
- Accounting and Financial Reporting
- Income—Contributions
- Other Revenue Sources
- Compensation
- Managing Liquidity and Financial Position
- Maintaining Sound Internal Control
- Audits and Other Financial Accountability Activities
- Tax Compliance
- Governance and Policies
- Risk Management
Complimentary copies are available to current BMWL clients. Please email [email protected] to request additional copies.
Appendices
Appendix A. Sample Conflicts-of-Interest Policy
Appendix B. Sample Executive Compensation-Setting Policy
Appendix C. Sample Policy on Dishonesty, Fraud, and Whistleblower Protection