The Jossey-Bass Handbook of Nonprofit Leadership and Management, 5th Edition

PART FOURDEVELOPING AND MANAGING NONPROFIT FINANCIALRESOURCES

Even though a significant share of nonprofit success emanates from effort and toil, effective nonprofit leaders and managers understand the centrality of financial resources to the long-term success and mission impact of their organization. They also understand that securing financial resources is not enough, it's just one part of the nonprofit's financial work. Nonprofit organizations (NPOs) must effectively address all elements of the financial lifecycle of the enterprise. They need to properly and efficiently organize, allocate, use, and account for their financial resources, all from the perspective of their mission. These elements represent the fundamentals or core of nonprofit ...