“The importance of strong financial management cannot be overlooked,” said Ron Cretaro, Executive Director of CT Nonprofits.
Hartford, Conn. (PRWEB) April 18, 2012
Strong, consistent financial management is the essential component of a successful nonprofit. However, the financial needs of the nonprofit sector can be complicated. In an effort to provide the nonprofit community with some clarity, the Connecticut Association of Nonprofits (CT Nonprofits) will host a Nonprofit Financial Summit on May 23, 2012 at the University of Hartford’s Gray Conference Center located at 200 Bloomfield Avenue in West Hartford.
The CT Nonprofits 2012 Financial Summit is designed to strengthen the financial savvy of nonprofit management professionals, including board members, executive directors, development/program directors and finance personnel.
The Summit will kick off with the keynote address ‘Financial Management for 2020,’ presented by Tom McLaughlin of McLaughlin & Associates. McLaughlin’s address will focus on how nonprofits can use common financial information to support and shape future actions.
“Our goal is to provide attendees with actionable steps to improve their nonprofit’s financial practices and procedures and practical strategies for achieving financial growth,” said Mark Berardi, Director of Membership & Training at CT Nonprofits.
In the February 2012 study, Financial Literacy and Knowledge in the Nonprofit Sector, conducted by The Center on Philanthropy at Indiana University and sponsored by The Moody’s Foundation, more than 500 nonprofit professionals who are responsible for their nonprofit’s financial management were surveyed. Only 6.9% of those surveyed considered themselves to be experts in financial principles and concepts.
“The importance of strong financial management cannot be overlooked,” said Ron Cretaro, Executive Director of CT Nonprofits. “With multiple funding streams supporting each nonprofit’s programs and services, it is important for everyone from the executive director to the program managers to understand the various financial components that impact the organization.”
In addition to the keynote six breakout sessions on three different tracks – advanced, basic and general will be offered. Each workshop will focus on shared financial management as a key to achieving greater impact. Among the featured workshop topics are: nonprofit accounting, financial accountability, fundraising, profitability and budgeting.
Nonprofits interested in attending CT Nonprofits 2012 Financial Summit can register online at http://www.ctnonprofits.org. Tickets are $75 for members and $90 for nonmembers. To sponsor CT Nonprofits Financial Summit, contact Mark Berardi at email@example.com or 860.525.5080 x14.
Connecticut Association of Nonprofits (CT Nonprofits) is the largest membership organization in the state dedicated exclusively to working with nonprofits in Connecticut. As the voice of nonprofits, the association has advanced the social and economic impact of nonprofits for over 30 years. CT Nonprofits helps members focus their energy on the people and communities they serve by connecting organizations with information, education, advocacy and collaboration. For more information, please visit http://www.ctnonprofits.org.