Nonprofit Controls and How to Make them Work for You

On March 14th, Hilda Polanco joined Ruth McCambridge of the Nonprofit Quarterly for a webinar on how to think about internal controls in a nonprofit organization.  Ruth's title for the webinar, "Maximizing Nonprofit Internal Controls: An Essential Guide for Even the Most Pure" triggered an important initial point: You shouldn't see the adoption of internal controls as an assault on the culture of...

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Panel Discussion Replay — Peer Learning: A Key to Successful Capacity-Building

In case you missed it, FMA's Hilda Polanco joined a panel of experts from the foundation and consulting worlds to discuss the role of peer learning in building nonprofit capacity.  The panel was hosted by Philanthropy New York and featured an enthusiastic audience in the room as well as nearly fifty viewers who tuned into the livestream broadcast of the event.  You can view the recording here be...

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Looking Forward to 2017 with FMA

During 2016 the FMA team grew to more than 35 staff and continued to expand our national footprint with a new office in Los Angeles. We served more than 400 nonprofits and individual leaders with consulting, leadership development, training and outsourced fiscal management services and partnered with funders in more than a dozen communities including the San Francisco Bay area, Napa Valley, Chicag...

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Helping Arts and Culture Organizations Manage Cash Flow

This week, FMA joined with IFF, MacArthur Foundation, and MB Financial Bank in kicking off the launch of the Arts and Culture Loan Fund!  The fund will help small and medium sized arts and culture organizations manage cash flow challenges by providing loans and training in financial management.  The program is open to arts grantees of the MacArthur Foundation or the MacArthur funds at the Prince...

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The New FASB Accounting Standards: What do they mean for you?

Nonprofit Quarterly's Ruth McCambridge interviewed Hilda Polanco about the the FASB Accounting Standards, looking at what they'll mean for how nonprofits will report their finances.  The development of the new standards began in 2009 and will be the standard for fiscal years after December 15, 2017.  In the interview, Hilda flags three areas of particular importance:  The classification of net ...

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Brexit Highlights Importance of Scenario Planning: The Known and the Unknown

By Dipty Jain, Principal  With fears still running high about what the medium and long-term implications of Brexit are, we should take this time to reflect upon best practices in planning for uncertainty. The referendum serves as a reminder that while we cannot predict the future, we should be prepared to act. And scenario planning— developing responses to account for uncertainties—sh...

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Dodge Foundation Blog: Getting Your Nonprofit Budget Past ‘One Day (or Year) at a Time’

Note: This post first appeared at the Dodge Foundation Blog.  Click here to read the post in its entirety.   For a nonprofit organization, the annual budgeting process is typically the primary vehicle for financial planning. Organizational leaders and stakeholders come to that process with a sense of plans and goals for the year, and (ideally) come to collective decisions about how resour...

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Welcoming new team members to FMA

Here at FMA, we’re very proud of our ability to attract and retain the highest quality and most talented consultants in nonprofit operations and fiscal management. In recent years, the loyalty and capability of our staff has enabled FMA to grow beyond our headquarters in New York City to open offices in Chicago, the Bay Area and Los Angeles. And our embrace of the same virtual and technological ...

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From Operational Excellence to Strategy: FMA and Quidoo

Some of our most impactful projects in the last five years have been collaborations with strategic planning firms. Translating the lofty vision of a strategic plan into detailed financial and operational steps—ensuring that the goals outlined in those plans are specific about execution and grounded in financial realities--has proved uniquely valuable to our clients. One such collaboration has...

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Nonprofit Quarterly Webinar: Models and Components of Great Nonprofit Dashboards

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Nearly 1000 listeners tuned in for a webinar on an important, timely topic with FMA's very own CEO, Hilda Polanco. Dashboards - why are they valuable, and what are the components that comprise a good one? Ruth McCambridge of Nonprofit Quarterly introduces and moderates Hilda Polanco, who then walks you through a number of examples from various kinds of organizations so that you can tailor your o...

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