Accounting for Impact: Understanding Nonprofit Financials

Managing a nonprofit’s mission means managing its money — but nonprofit accounting isn’t just business accounting with different vocabulary. It requires a unique understanding of fund restrictions, program allocations, compliance, and how to tell your financial story to donors, boards, and funders alike.

This 90-minute session will demystify the fundamentals of nonprofit accounting, helping you better understand the structure of nonprofit financial statements, how to track restricted vs. unrestricted funds, and what financial metrics really matter. Whether you’re new to financial oversight or seeking a better grasp of the numbers you report each month, this session will equip you with tools and insights to manage your mission with greater confidence and clarity.

Led by Dr. Ben Angelo, Assistant Professor of Accounting at Ball State University, this interactive session will blend clear explanation, hands-on examples, and practical tools designed for executive directors, board members, and emerging nonprofit leaders alike.

Learning Objectives:

Participants will be able to:

1. Interpret key nonprofit financial statements (Statement of Financial Position, Statement of Activities, etc.) and understand what they reveal about organizational health.
2. Differentiate between restricted and unrestricted funds, and understand the importance of fund accounting in day-to-day operations and reporting.
3. Apply core budgeting and tracking practices that align with nonprofit compliance, grant requirements, and board expectations.
4. Identify the key financial indicators (e.g., liquidity, revenue mix, overhead ratio) that matter most to funders and boards.
5. Ask better financial questions — as a leader, board member, or partner — to strengthen fiscal transparency and strategy.

Cost: $25

Facilitator:

Ben Angelo, assistant professor of accounting, earned his undergraduate and doctoral degrees from Purdue University. Ben has a unique and diverse professional background. Ben has worked as an auditor specializing in non-profits, he has worked in the treasury department at Purdue University, he has worked as a managerial accountant in the Office of the Provost at Purdue University, and he has performed tax and consulting work in his own practice.

Ben teaches government and non-profit accounting. Ben has previously taught managerial accounting at Purdue University, where he repeatedly won the “Distinguished Teaching” award. Ben incorporates his professional experience into the classroom to provide relevant and practical examples to students.

Ben’s research interests include academic and educational research. Ben is interested in how companies use voluntary disclosures to shape the market’s perception of firm performance. Ben is also interested in writing academic cases that engage students and provide the analytical skills they will need in order to be successful.