Nonprofit Financial Literacy Certification

Derik Timmerman
  • Live Session
  • Certification
  • November 15, 2021, 12:30 pm   EST
Training Includes:
  • Nonprofit Financial Literacy Certification
  • All resources and training materials
  • An on-demand recording will be available after each live presentation.

Nonprofit impact expert Derik Timmerman will share the nonprofit financial literacy essentials you need. You will learn how to steward your resources wisely while fulfilling your legal and ethical responsibilities.

Benefits of Certification

  • Understand the details of financial management and reporting
  • Expertly communicate about financial topics
  • Earn a meaningful certification
  • Advance your career
Monday, November 15 - Friday, November 19, 2021; 12:30 PM Eastern
5 Sessions scheduled for 60 minutes including question and answer period.

Training Overview

Be ready to tackle your nonprofit’s year-end finances and prepare for 2022. Earn your Nonprofit Financial Literacy Certification.

Amid reporting 2021 results and budgeting for 2022, financial activity will surround you during the months ahead. It doesn’t take an accounting degree—or even math prowess—to be financially literate in your nonprofit.

To help you master nonprofit finances, we have organized an information-packed and timely series of five webinars led by a nationally recognized expert. The Nonprofit Financial Literacy Certification will enable you to:

  • Understand the details of financial management and reporting
  • Expertly communicate about financial topics
  • Earn a meaningful certification
  • Advance your career

Nonprofit Financial Literacy Certification

Session 1: Leadership Roles, Responsibilities, And Oversight

  • Fiduciary duty
  • Role, preparation, and oversight of a budget
  • Roles of your board and executives
  • Role of finance professionals
  • Relationship between organizational priorities and financial oversight

Session 2: Accounting Terms, Processes, And Financial Reporting

  • Types of financial statements
  • Who prepares what
  • Key questions you and your finance professionals should answer

Session 3: Utilizing Dashboards

  • Key performance indicators (KPIs)
  • Visual display and publishing of KPIs
  • Structure and frequency of performance dialogues with staff and board

Session 4: Operational Planning And Budgeting

  • Ten steps to creating a budget
  • Walkthrough of an actual budget template
  • How to avoid the “tweak last year” trap
  • How to handle mid-year financial surprises

Session 5: A Culture Of Stewardship

  • Reviews and audits
  • How to create a culture of transparency, stewardship, and accountability
  • Questions every board should ask its executive director

Who Should Attend?

  • Executive directors
  • Chief executives
  • Financial officers
  • Board members
  • Nonprofit counsel
  • Senior management
  • Budget directors
  • Accounting directors
  • Controllers
  • Managers

Expert Presenter

Derik Timmerman

  • Founder of Sparrow Nonprofit Solutions
  • Former management consultant at McKinsey & Company
  • Served as a US Army Intelligence Officer with two combat deployments
  • Successfully raised over $3 million in funds
  • Board member at numerous nonprofits
  • Served as an Executive Pastor
  • Certified Fundraising Executive (CFRE)
  • Graduated in the top 10% of his West Point class
  • Masters in Divinity from Liberty University
  • PhD in Philosophy of Religion from Southeastern Baptist Theological Seminary

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