What is the best approach to conducting a financial review of both organizations and grant proposals? This full-day session will include details on how to conduct an effective financial review of a grant application. Kim Roberts, Grant Financial Analyst, W.K. Kellogg Foundation, will outline a process for conducting a financial review and share an approach to assess financial capacity and organizational strengths and weaknesses. You will discuss project budgets and spotting red flags, then look at audits, IRS form 990s, and similar reports. You will also apply financial analysis techniques and hone your skills in reading reports and applying ratio analysis.
*Completion of this program counts toward the CMF-JCP Grantmaking Series Certificate of Completion - More Details
Kim Roberts is a Grant Financial Analyst with the W.K. Kellogg Foundation in Battle Creek, reporting to the Grant Services Manager. In this role, Kim assesses the financial health of potential grantees, and performs financial due diligence reviews of existing grantees. She determines if organizations have strong internal controls and systems, are maintaining appropriate levels of public funding, and are adhering to tax compliance and WKKF policies. Also, Kim will help build grantees’ capacity by providing technical assistance on tax eligibility and tax exempt issues. Kim joined the Foundation in 2010, after serving as a Manager in the audit department of Yeo & Yeo, PC in Kalamazoo, where she audited nonprofits, schools, and governmental entities. She also worked at PriceWaterhouseCoopers LLP, in Battle Creek, as a Senior Associate in Assurance and Business Advisory Services, where she was involved in annual audits of the W.K. Kellogg Foundation.
Michelle DeRidder is a Senior Tax Manager and Business Advisor with Monroe, Sweeris & Tromp P.L.C. She is a Certified Public Accountant (CPA) with over 20 years of experience in public accounting specializing in nonprofits, corporate, partnership and individual tax consulting, planning and compliance. Michelle has worked with clients in a variety of industries including nonprofits, financial institutions, employee benefit, manufacturing, agriculture, retail/wholesale and real estate management.
Michelle is adept at reviewing nonprofit clients’ tax returns and advising them on policies and procedures that ensure they maintain their exempt status. Her experience ranges from assisting clients with the initial startup of their organization to more complex issues such as unrelated business income.
WHO SHOULD ATTEND?
Staff and Leadership of any grantmaker seeking to strengthen their grant reviews, financial analysis and/or grantmaking.
CMF Members - $95.00
Non-Members - $190.00
Registration Deadline: September 12, 2014
Cancellation Policy: No refunds are available after September 12, 2014
Please contact Deb Palms at firstname.lastname@example.org or 313-566-2444 Ext. 213.