Customer Reviews

Financial Management for Nonprofit Organizations (Wiley Nonprofit Law, Finance and Management Series)

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It may come as a surprise to learn that non-profits account for some 1/7 of the US economy. Non-profits vary from huge operations like the major museums, universities and foundations down to the local theatre group putting on a play once or twice a year.

As a non-profit grows, so do the requirements for financial management. The organization may begin to get a variety of assets, there may be needs to manage investments or trust funds, there may be debts, and of course there is fundraising.

The other side of this is a requirement for financial reporting, not the least of which is the impact of Sarbanes-Oxley which had increased the responsibilites placed upon the management.

This book is aimed at the financial manager who may have gotten the responsibility without formal training, business-only- training and of course too little time and too few support staff to do the job. It is specifically aimed at the small, resourse-constrained organization, as well as for larger operations.

This is a very complete book, not all of which will be needed by most organizations, but which may become more important as the organization grows.

So many of us enter the third sector with a lot of passion for our particular interest, but not much know-how of the specific financial issues facing nonprofits. This book is one stop shopping for the beginner and the seasoned ED or Development Director.

This is a good book...well written, but dry, which should be expected of an accounting book. It presents the material in a very approachable way.

The information in this book is awesome - extraordinarily valuable for anyone trying to make sense of financial statements and take their knowledge of nonprofit finances to the next level. However, the abundance of typos and grammatical errors make for an often jarring read. Internal references to incorrect page numbers, mislabeled columns in exhibits and sentences that make no sense are all too common and bring added confusion to an already difficult subject.

Buy this book for its important information. Just realize as you read through and think, "that CAN'T be right"...sometimes it isn't.