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Financial Management

Financial Management Principles

Nonprofits have an obligation to act as responsible stewards of their financial resources. Nonprofits must comply with all legal financial requirements and should adhere to sound accounting principles that produce reliable financial information, ensure fiscal responsibility, and build public trust. Nonprofits should use their financial resources to accomplish their missions in an effective and efficient manner, and should establish clear policies and practices to regularly monitor how funds are used. Adherence to best practices is critical to maintaining compliance and public trust.

Principles & Practices Assessment

Find out if your organization is meeting best practices in Financial Management, based on Principles & Practices for Nonprofit Excellence in Colorado. 

Complete the Assessment

Related Trainings

Member Benefit Review

Learn about membership with Colorado Nonprofit Association! Whether you are a new member, considering membership, or would like a refresher, member benefit reviews are the best way to learn about all the benefits of membership including  free professional development trainings* group... Learn More ›
When
Thursday, March 28, 2019 9:00 am
Where
Training Center
789 Sherman St, Ste 100, Denver, CO, 80203
Register Now

Getting to the Heart of Your Organization, Part 1

Many nonprofit organizations are founded on passion and good intentions, yet one of their biggest challenges is increasing impact through earned and social media. The media and public respond to authentic stories – stories from the heart. This four-hour workshop will dive into the basics of... Learn More ›
When
Tuesday, April 2, 2019 8:30 am
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Colorado Nonprofit Association | Training Center
789 N SHERMAN ST, Suite 100, Denver, CO, 80203
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Development Roundtable

  Pricing Free for members of Colorado Nonprofit Association (must be logged in for discount on Regular price) $25 standard   . 
When
Thursday, April 4, 2019 8:15 am
Where
Tim Gill Center for Public Media
315 E. Costilla Street, Colorado Springs, CO, 80903
Register Now

The Exponential Return of Strategic Planning

Our professional development trainings are made possible by the generous support of U.S. Bank   How much did you invest in your last strategic planning process? How much return did you receive? Most organizations can easily quantify the investment, but very few can identify the return... Learn More ›
When
Tuesday, April 9, 2019 9:30 am
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789 N SHERMAN ST, Suite 100, Denver, CO, 80203
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Storytelling and Your Why

Our professional development trainings are made possible by the generous support of U.S. Bank     How do you communicate your impact? We’ll dive into your organization’s story to help you build/refine your story to fund the vision. In this session, you will learn... Learn More ›
When
Thursday, April 11, 2019 9:00 am
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Colorado Nonprofit Association | Training Center
789 N SHERMAN ST, Suite 100, Denver, CO, 80203
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Related FAQs

Related News & Updates

2018 Year in Review Nonprofit Survey

Quarter of Nonprofits Feel Impacts of Tax Reform

Jan 2, 2019

Nearly 70 percent of nonprofits expected to meet or exceed overall revenue goals for 2018.  Colorado Nonprofit Association collected data from over 100 nonprofits through its Year In Review Survey. The survey asked...

IRS Rules Weaken Charitable Deduction for Donors Receiving State Tax Credits for Giving

Aug 29, 2018

On August 23, the IRS released proposed regulations that require donors who itemize to reduce their charitable deduction by the amount of any state or local tax credit they receive for making cash or non-cash...

Nonprofits Invited to Complete 2018 Salary & Benefits Survey

Jan 30, 2018

Colorado Nonprofit Association invites nonprofits from across the state to participate in its 2018 Colorado Nonprofit Salary & Benefits Survey. Colorado Nonprofit Association’s goal is to increase the number of...

Impact of the Tax Cuts and Jobs Act on Colorado's Nonprofits

Dec 6, 2017

The Dec. 5 edition of Next with Kyle Clark featured an interview with Lydia McCoy, Colorado Nonprofit Association vice president and chief operating officer, regarding the impact of the Tax Cuts and Jobs Act on Colorado...

Colorado Gives Day 2017 Raises $36.1 Million

Dec 6, 2017

Colorado Gives Day remains the state’s largest day of giving. Generous donors gave $36,129,285 to 2,309 nonprofits in just 24 hours on Dec. 5. This is an increase over the $33.85 million donated on Colorado Gives Day...

Related Policy Updates

New Taxes on Transportation Benefits and Unrelated Business Activities

Mar 4, 2019

The Tax Cuts and Jobs Act of 2017 (TCJA) includes new provisions that directly impact nonprofits and other tax-exempt organizations. Although nonprofits are mostly exempt from federal income taxation, a few new...

Federal Shutdown Survey

Feb 14, 2019

If Congress does not pass legislation to extend particular spending bills and resolve a dispute over funding for a U.S. Mexico border wall, then the federal government will shut down after Feb. 15 for the second time...

Myths about the Change to the Johnson Amendment in the 2019 Tax Bill

Dec 11, 2018

Sales Tax Rules and South Dakota vs. Wayfair

Dec 10, 2018

In a 5-4 ruling in the case of  South Dakota vs. Wayfair Inc. in June, the U.S. Supreme Court expanded the ability of states to collect sales taxes on online purchases. Previously, it was necessary for retailers to have...

Updated Charitable Solicitations Rules Implemented on Oct. 1

Oct 3, 2018

The Colorado Secretary of State's office posted an announcement explaining changes to rules for the Colorado Charitable Solicitations Act. These changes took effect on October 1, 2018.