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Online Course: Financial Management for Churches and Nonprofits

January 7 - March 15, 2019

The parables of Jesus make it clear that money should not be our master, but that we also must be capable of using it well. Often, this is a challenge for pastors and lay leaders who have never received formal training in financial management. The Financial Management for Churches and Nonprofits Course was designed to remedy this problem.

This 10-week online course was developed to support pastors with their lay leaders who are tasked with overseeing their church's finances, but who may not have formal training in financial practices and planning. We will explore the planning process for the operating, capital expenditure, and cash budgets. We will discuss the long-term financial planning process. The course will look at the importance of capital structure and investment policies that are aligned to the organization’s strategic objectives. All of these topics will be built on the foundation of nonprofit accounting, nonprofit financial statements, and financial policies.

Upon successful completion of the course, students will understand the following:

  • How to read and understand nonprofit financial statements
  • How to prepare an operating, capital expenditure, and cash budget
  • The importance of long-term financial planning.
  • The importance of management controls
  • Risk management and insurance

The Financial Management for Churches and Nonprofits Course will be offered twice in the 2018-2019 Academic Year:

  • September 4 - November 9, 2018
  • January 7 - March 15, 2019

Space is limited and you are encouraged to enroll for either the fall or spring course soon.

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January 7, 2019

Online

Sponsored by Lilly Endowment Inc.

Lilly Endowment Inc. is an Indianapolis-based private philanthropic foundation created in 1937 by three members of the Lilly family – J.K. Lilly Sr. and sons J.K. Jr. and Eli – through gifts of stock in their pharmaceutical business, Eli Lilly & Company. The Endowment exists to support the causes of religion, education and community development. Lilly Endowment’s religion grant-making is designed to deepen and enrich the religious lives of American Christians. It does this largely through initiatives to enhance and sustain the quality of ministry in American congregations and parishes. More information can be found at www.lillyendowment.org.