Finance Unlocked for Nonprofits

Unlocking financial literacy for nonprofit board members to deliver on their mission and protect assets

Program Overview

Washington Nonprofits and Jacobson Jarvis & Co PLLC present Finance Unlocked for Nonprofits (FUN), resources designed to help board members advance their missions as they learn how to make better financial decisions and better protect their assets.

FUN, as the name suggests, breaks with traditional nonprofit financial training in providing fun, interactive learning opportunities that work for busy board members.

Full Instructions and Overview
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Learn by Playing BINGO

The basics of nonprofit finance are as straightforward as BINGO. More specifically, as BI-N-GO.

Balance Sheets & Income Statements
Look at your balance sheets and income statements on a regular basis.

Review your organization’s IRS Form 990 every year.

Giving & Oversight
You should have clear systems, policies, and procedures in place for tracking and communicating about money and assets.

Download Bingo Card (Color)
Download Bingo Card (B & W)

B - Balance Sheets

A doctor takes a pulse, a driver looks at the gas gauge, and a photographer snaps a picture. These are all ways to capture information at a point in time.

A Balance Sheet is a report showing where you stand financially at a point in time. It is also known as a Statement of Financial Position.

Download Balance Sheet Kit

I - Income Statement

Nonprofits plan for the future and then check reality against this plan, comparing the story of what they see with what the numbers really tell them.

An income statement shows operating results over a specific time period. It is also known as a Statement of Activities or Profit & Loss Statement.

Download Income Statement Kit

N - Nine-Ninety (IRS Form 990)

A strong 990 highlights a nonprofit’s mission and shows its compliance with federal regulations. An IRS Form 990 is an annual required tax filing.

After an organization files its 990, it is available on websites and viewed by potential donors.

Download 990 Kit

G - Giving

Money fuels your work, so nonprofits are mindful of the mix of funds that drive their engines.

Healthy nonprofits make use of a wide range of funding sources and are mindful that different funding sources come with different accounting needs, donor expectations, and restrictions.

Download Giving Kit

O - Oversight

Nonprofit board members are ultimately responsible for the effective, responsible use of a nonprofit’s resources. Oversight includes the policies and procedures designed to prevent fraud and ensure accurate reporting of the affairs of the organization.

Download Oversight Kit

Want More Info?

You can find more information about the Finance Unlocked (FUN) program, as well as supplemental documents at the Washington Nonprofits website.

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