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You are here: Home / F. Budget for Success: We’re Not For Profit But We’re Not for Loss

F. Budget for Success: We’re Not For Profit But We’re Not for Loss

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Everyone is confused by the budget process. In too many cases an annual budget is prepared in a rush, put in a drawer and not reviewed until year-end. What good is a static budget that doesn’t tie into your cash flows and doesn’t allow management to review performance and manage the future?

• Understand a 12-month, rolling cash flow budget and take home an Excel template for one.
• Know where to secure and find budget data on your 990, audits, and financial statements.
• Leave with a financial statement cheat sheet to use at board meetings so you know what is going on!
• Gain a clear understanding of how a not-for-profit can have a profit (surplus).

Dennis Kilfeather, MBA, ABA, RTP, RTRP, Supervisor, Lear & Pennepacker
Dennis Kilfeather, MBA, ABA, ATP, RTRP, comes to us with years of accounting experience in working as a public accountant with Lear & Pannepacker, LLP, in Princeton.  He works closely with two dozen nonprofit organizations in the area, where he serves many as independent auditor and others as consultant assisting with cash flow management, strategic planning, and other related financial matters.  In addition to serving nonprofits in his professional life, he has direct involvement with The Historical Society of Princeton, where he serves the board as treasurer. Dennis also volunteers as a Big Brother for Big Brothers Big Sisters of Bucks County’s Hispanic Initiative.
Dennis has an undergraduate degree in accounting and a masters degree in Business Administration from Holy Family University.

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The mission of Princeton Community Works is to enable non-profit boards, staff and volunteers to work together more effectively through connecting, developing skills, and raising community awareness.

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