This week on #GrantChat Ericka Harney, GPC, CFRE is joining us to discuss nonprofit financials.
Ericka Harney is an 18-year veteran of the nonprofit and education sectors, fulfilling a passion for women and girl’s success along the way. Ericka has served as an international representative for the US, raised millions in funds for great missions, and co-founded a social enterprise. She has been a contributing author for industry publications and a guest on several business blogs and podcasts. Ericka is sharing her knowledge and thrives on helping others at ErickaHarney.com, a regular keynote and session speaker, finishing a Ph.D. in Organizational Leadership, and continues a life mission of improving the soft skills of all professionals.
Q1: What is your top reason grant professionals need to understand #nonprofit financials? #grantchat
Q2: Does #nonprofit mean no profit? #grantchat
Q3: When does your organization recognize revenue – when it is received or obligated? #grantchat
Q4: What about #nonprofit financial statements makes you run the other direction? #grantchat
Q5: Let’s get into financial docs! On an income statement, what kind of things should you keep an eye on? #grantchat
Q6: The Balance Sheet/Statement of Financial Position lists assets, liabilities, and equity. What stands out to you the most on this doc? #grantchat
Q7: Do you frequently look at a cash flows statement? Why or why not? #grantchat
Q8: When thinking about budgets, what’s your top use for them after they are completed? #grantchat
Q9: If your organization has a surplus at the end of the year (more revenue than expenses, what do you do with it? #grantchat
Q10: OK – fess up – what’s your favorite part of a foundation’s 990? #grantchat
Guest: Ericka Harney, GPC, CFRE @ErickaHarney