Tips for Managing Nonprofit Assets
April 29, 2004 | Read Time: 1 minute
All the Way to the Bank: Smart Nonprofit Money Management, Second Edition, by Susan Kenny Stevens, seeks to help organizations oversee their financial resources. Ms. Stevens, executive principal at the LarsonAllen Public Service Group, an organization in Minneapolis that provides training and accounting services to nonprofit groups, says it is particularly important for nonprofit groups to carefully manage their assets, or, as she says, “The less you have, the more you need to make of it.” One chapter, on how to select an appropriate bank, suggests that groups look for such options as online banking and payroll services. The book also gives tips on how to calculate an organization’s assets and liabilities, compile financial data for presentation to boards, and manage cash flow. The guide was commissioned by the Otto Bremer Foundation, in St. Paul.
Publisher: LarsonAllen Public Service Group, 220 South Sixth Street, Suite 300, Minneapolis, Minn. 55402-1436; (612) 397-3301; fax (612) 376-4850; psg@larsonallen.com; http://www.larsonallen.com/publicservice; 127 pages; $17.95.