INCLUSIVE WORKSHOPS FOR STEWARDING
YOUR RESOURCES MORE PURPOSEFULLY
Join us for an upcoming event offered in partnership with our friends at Diverge Finance Cooperative. If you've taken our Finance Fundamentals workshop and want to deepen your technical skills, or if you're a nonprofit staff or committee member seeking to grow your knowledge of nonprofit financial systems, we invite you to join us in this session!
The Power of Allocations:
Capturing the True Cost of Programs
Wednesday, May 21 9:30-11:30am PST on Zoom
Without accurately allocating shared costs, many nonprofits underestimate the resources necessary to carry out their programs. Unknowingly, the grant proposals and budgets we submit to potential funders may leave out significant, legitimate costs that are required to complete our work and accomplish promised deliverables. We sometimes inadvertently contribute to our own financial challenges by not asking for all that we truly need. The key to avoiding these pitfalls is to set up our nonprofit accounting systems to successfully allocate indirect and shared costs across all of our programs and cost centers.
Join Stacey Johnson and Curtis Klotz of Diverge Finance Cooperative as they describe what allocated costs are, share ways to set up an accounting system to allocate costs fully, and guide you through designing an accounting system to transform your nonprofit’s planning, reporting, and fundraising activities.
Who is this workshop for?
The workshop is relevant and useful to organization and program leaders, development leaders and staff, finance and accounting teams, and committee members who must read, use, and communicate nonprofit financial data.
This session outlines how to...
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identify true program costs by distinguishing between direct, shared, and administrative costs,
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determine appropriate allocation methods for various types of shared costs, and
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use a two-step process for allocating expenses to arrive at the true cost of each of your programs.
Pricing >>
Registration for this event is offered on a sliding scale depending on your individual and organizational access to financial resources. If your personal or organizational budget allows (based on the criteria below), please pay the Sustain or Redistribution cost so we can keep registration accessible for leaders and organizations who may not be in the same position. Greater access strengthens us all!
Redistribution Fee: $225
This price covers the cost of your registration and also makes it possible for us to offer a Solidarity price for individuals and folks from organizations with fewer financial resources. This price level is intended for:
Folks who are able to personally pay this price without financial hardship, OR
Folks paying with financial support from a foundation or an organization with a budget greater than $4 million
Sustain Fee: $150
This price allows us to sustain our work. This price level is intended for:
Folks paying without financial support from an organization and who are able to pay this price without financial hardship, OR
Folks paying with financial support from an organization with a budget between $1 million and $4 million
Solidarity Fee: $75
This is a discounted price we offer to make our programs more accessible to folks with fewer personal and/or organizational financial resources. This price level is intended for:
Folks paying without financial support from an organization and who are not able to pay the Sustain price without financial hardship, OR
Folks paying with financial support from an organization with a budget of $999,000 or less
How to Sign Up >>
If you don’t already have one, create a CompassPoint account. You are required to have an account in order to sign up for this workshop. Once you have created your CompassPoint account, you can register using the link below.
Register for The Power of Allocations: Capturing the True Cost of Programs (Wed May 21 9:30am - 11:30am PST)
If you have questions about registering, please contact workshops@compasspoint.org.
**Please note that registration for this event is subject to our cancellation and refund policy!**
CANCELLATIONS
We can only issue a full refund if you cancel (at least) ten business days before the event starts. We can provide a 50% refund if you cancel 7-9 business days before the date of the event. We can’t provide refunds if you cancel within six business days or less of the date of the event. If you need to cancel your registration, please contact workshops@compasspoint.org.
TRANSFERS
These workshops are non-transferable! Unfortunately, we cannot transfer registration for either of these workshops to another workshop, event, or training.
ABOUT DIVERGE FINANCE
Diverge Finance is an employee-owned cooperative providing collective accounting and finance services for cooperatives and nonprofit organizations. As a collective accounting team, Diverge Finance brings wide-ranging experiences and perspectives across race, culture, and gender identities that broaden the effectiveness of nonprofit organizations and cooperatives by providing a better understanding of financials and supporting the stewardship of resources more purposefully. Diverge Finance's offerings include Collective Accounting Services, Training Presentations, and Coaching and Consulting.