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 FMA Institute: Registration Is Open Do you know about the FMA Institute? The FMA Institute offers nonprofit leaders and staff the education and support they need to effectively lead their organizations and manage their financial resources. Course curricula are specially designed by nonprofit financial experts with years of experience in adult education. Click here to learn more about the FMA Institute and see the upcoming fall classes offered. 
FMA is a member of the Not-for-Profit Services Association (NSA), a nationwide association of CPA firms that provide specialized accounting, tax, and consulting services to government and nonprofit organizations. |
FMA RESEARCH UPDATEWe are pleased to announce the release of two major new research reports focused on management capacity in the not-for-profit sector.FMA recently partnered with The Wallace Foundation to conduct a study of the administrative management capacity of organizations providing out-of-school time (OST) services. Based on a sample of 16 high-performing programs in New York City and Chicago, the report concludes that many OST providers need additional investment in administrative management capacity in order to most effectively support, develop and expand their programs. While the study focuses specifically on organizations providing OST programs and services, the report’s lessons and observations should be relevant and useful to the broader nonprofit sector as well. Please click here to download the full report. FMA, along with our affiliated public accounting firm ERE LLP, has also just completed our first annual survey of fiscal management practices of nonprofit organizations in the New York metropolitan area. With nearly 250 respondents, the survey provides interesting and valuable insights into common management practices, as well as tips and ideas from experts at FMA and ERE to help move organizations closer to standards of best practice. Please click here for more information on the survey and to download the full report. HILDA POLANCO RECEIVES SOCIAL ENTREPRENEUR AWARDFMA Managing Director Hilda Polanco has recently received the Social Entrepreneur Award from the National Association of Women Business Owners-New York City (NAWBO-NYC). The Social Entrepreneur Award recognizes the innovation, resourcefulness and successful impact made by a woman who uses business methods to find practical ways to solve social problems or needs related to the not-for-profit sector.The award is part of NAWBO-NYC’s 2008 Signature Awards, which celebrates the achievements of women who have made their mark on the New York Business Community. Each year, the Signature Awards honors four notable women business owners and bestows one Lifetime Achievement Award. Signature Award winners are remarkable women business pioneers who have left their unique mark – their “signature” – on the business community. Click here for more from the NAWBO website. FMA PUBLICATIONS UPDATEWhat is the proper role of a nonprofit Chief Financial Officer? Russ Pomeranz, FMA's Manager of Financial Advisory Services, has published an article in the February 2008 issue of the CPA Journal arguing that the nonprofit CFO must not be relegated to the role of "bean counter" but can and should serve as a strategic resource in advancing the organization's mission. The article details what a truly strategic financial function would look like, as well as outlining practical steps for moving your organization in that direction.Click here to read the article online or Click here to download the article in PDF format significant, long-term ways. Both process and product are terrific." - Andrew Rubinson Executive Director Fresh Youth Initiatives |
