New Jersey State Council on the Arts, Nonprofit Finance Fund Watch Party Series
Join New Jersey State Council on the Arts, Nonprofit Finance Fund, and other nonprofit leaders for a Webinar Watch Party series on key financial management concepts for arts nonprofits. Covering everything from cash flow planning to financial storytelling, this series is meant to give nonprofit arts leaders a comprehensive understanding of the techniques they need to run effective organizations for the long haul.
Each session will be a Watch Party during which nonprofit leaders will come together virtually, watch the webinar together, and have the opportunity to ask NFF staff members questions following the session.
Each session will be approximately 90 minutes. This series will be held through June 12, 2024.
Watch Party materials will be provided upon registration. Join us for the full series, or drop into the sessions most relevant for you and your organization!
Next Watch Party:
December 13, 2023 | 1:30 PM – 3:00 PM
Cash Flow Planning
In times of uncertainty, it’s especially critical to understand how cash flows in and out of organizations. Unlike a budget – which summarizes revenue and expenses for a block of time – cash flow projections plot total cash received and spent month-by-month or week-by-week. In this session, you will learn how to create a cash flow projection, manage cash flow, avoid common missteps in cash flow planning, differentiate between cash and accrual accounting, and connect cash flow management to credit assessment.
2 Professional Developmnt Points for Ocean County Regrantees Art & History
Register for future watch parties!
January 10, 2024 | 1:30 PM – 3:00 PM
Financial Leadership for Boards
Board members can better serve nonprofits when they are well-versed in financial management and understand their roles as stewards. This webinar reviews how boards can help guide nonprofits by thinking big-picture in identifying strengths, gaps, opportunities, and risks; understanding financial health and performance; and supporting an organization through times of crisis.
February 14, 2024 | 1:30 PM – 3:00 PM
Strategic Budgeting and Scenario Planning
To effectively plan for the future, nonprofit leaders must imagine possible scenarios and determine how their organizations would respond. This webinar will show you how to incorporate scenario planning into your budget, allowing your team and your board to understand budget implications for various “what-ifs” and create plans of action. NFF will help you quantify the unknown, develop budget scenarios for possible future crises, identify key drivers of change, assess revenue and expense variability, and prepare for both best- and worst-case scenarios.
March 13, 2024 | 1:30 PM – 3:00 PM
Understanding Your Mission/Money Mix
To make informed decisions, nonprofit leaders must understand how their programs contribute to both financial and mission objectives. You will use NFF’s Program Economics Analysis to see how your mission can inform financial decisions, explore where well-placed subsidy can maximize your organization’s impact, and determine how to adapt your programs in response to the current moment.
April 10, 2024 | 1:30 PM – 3:00 PM
Managing Risks and Opportunities
Building long-term financial health requires an understanding of different types of organizational financial risks. This webinar will show you what skills are needed to manage risks and build sustainability and adaptability. NFF will help you set up a long-term plan by identifying key focus areas like liquidity (adequate cash to meet month-to-month needs), adaptability (flexible funds that allow for managing risks, growth, or change), and durability (funds to address a variety of future needs to deliver mission over long-term).
May 8, 2024 | 1:30 PM – 3:00 PM
Understanding Full Cost
Full cost refers to the true cost of doing business for nonprofits, including total expenses, working capital, and reserves. In this webinar, NFF will walk you through the full cost of operating your organization and communicating that cost to funders. We’ll define the components of full cost, provide language that names and claims nonprofits’ full cost needs, offer guidance for prioritizing your organization’s hidden costs, and share tips for discussing full cost with key stakeholders.
May 29, 2024 | 1:30 PM – 3:00 PM
Partnerships and Collaborations
Nonprofits are exploring new ways to work with like-minded organizations. In this webinar, you will learn how to recognize the conditions for successful collaborations, evaluate mission alignment, assess prospects, and facilitate productive conversations with potential partners. NFF will cover the difference between partnership and collaboration, strengths and full costs in partnerships and collaboration, value propositions for collaboration, partnership and collaboration finances, and potential barriers to forming new partnerships.
June 12, 2024 | 1:30 PM – 3:00 PM
Telling Your Financial Story to Different Audiences
Nonprofit leaders must know, own, and effectively articulate their organization’s financial story. By communicating this story well, leaders build trust and credibility, contextualize financial reports, connect finances to mission, and advocate for their organization’s needs. In this webinar, NFF will guide you through the process of crafting a compelling financial story for your organization with budgets, dashboards, financial statements, and other materials. NFF will also offer techniques for getting to know your various audiences, positioning your financial story for each of your audiences, and engaging your board and other stakeholders during times of crisis.
If you require accessibility services, please contact Lindsay Dandeo at: 609-984-7023 (NJ Relay711) or lindsay.dandeo@sos.nj.gov.
To learn more about offerings for artists and arts organizations, sign up for our monthly Opportunities for the Field email.
The New Jersey State Council on the Arts, created in 1966, is a division of the NJ Department of State and a partner agency of the National Endowment for the Arts. The Council was established to encourage and foster public interest in the arts; enlarge public and private resources devoted to the arts; promote freedom of expression in the arts; and facilitate the inclusion of art in every public building in New Jersey. The Council believes the arts are central to every element we value most in a modern society including: human understanding; cultural and civic pride; strong communities; excellent schools; lifelong learning; creative expression; and economic opportunity.
To learn more about the Council, please visit www.artscouncil.nj.gov.
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