Nonprofits Count, June 2006

June, 2006

Welcome to Nonprofits Count, the bi-monthly e-newsletter of Nonprofits Assistance Fund. Nonprofits Count is a resource for timely financial tips and tools, and will inform you of upcoming events and financial management trainings.

If you would like to receive this e-newsletter in your email, please sign up by using the box at the left or by clicking here.




When Should You Borrow?

When used appropriately, a loan can be a tool to help effectively manage your nonprofit and to help the organization grow and succeed. Our staff is interested in the long term health of your organization and can work with you to help you determine whether right now is the right time or the wrong time to borrow.

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A Profile of Success: Twin Cities International Elementary School & Minnesota International Middle School


 

The International Schools needed a larger facility to accommodate their tremendously fast growth rate. When a suitable location was found, Nonprofits Assistance Fund was able to provide the funding needed to remodel a former mail sorting facility into a place of learning.

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Reporting to the Board

The Board of Directors of a nonprofit organization has legal responsibility for the organization’s work. The Board is responsible for short and long term planning, and they must ensure that systems are in place for administering and effectively using resources and guarding against misuse.

We have provided a useful framework for developing financial reports that support the board of directors in fulfilling its fiscal oversight role.

For even more information, sign up for our Presenting Financial Reports to the Board workshop in August.

LEARN MORE ABOUT REPORTING TO THE BOARD...

LEARN MORE ABOUT THE WORKSHOP...

Step Up Your Financial Knowledge

Now that you have a basic financial understanding, how do you use that information to strengthen your organization? Attend the Monitoring Your Financial Health workshop to unlock the power of financial statements for assessing and monitoring your organization. The workshop uses ratios, comparisons, goals, and self-assessment for financial health.

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25 Years of Helping Nonprofits Thrive

Nonprofits Assistance Fund celebrates 25 years of fostering community development and vitality by building financially healthy nonprofit organizations.

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Nonprofits Assistance Fund (NAF) is a nonprofit community development organization that fosters community development and vitality by building financially healthy nonprofits. NAF provides financing for working capital, cash flow, equipment and facilities projects with a focus on strengthening the operation and mission of nonprofits. We also offer financial management workshops and advice that improve nonprofits' capacity to carry out their mission.


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