Guests will complete this Fundamentals of Financial Management Course over 2 sessions. Guests must commit to 2, 2-hour virtual classes. Applicants for the course must commit to the two live training sessions on 9/19, and 9/26 from 11:00 am-1:00 pm CDT.
You’re running a homeschool group, co-op, or resource center because you believe in families educating their children, but what about the tasks of budgeting, reporting, and funding? We want to see your homeschool thrive by making Financial Stewardship Training accessible to you! Let us help you navigate the world of running a non-profit to help you do what you do best: educate young hearts and minds!
In this 2-part virtual course, we will explore funding models, tuition setting, development revenue, budgeting, managing funds, tax-exemption, and more.
Herzog Foundation is joined by coach, Carol Topp, to make high-quality business and financial training available to homeschool leaders across the country.
Courses are on September 19 and 26 from 11am-1pm CT. Register today!
Topics we’ll cover together:
Funding Models
Types of homeschool groups: the spectrum
Tuition: Setting tuition and tips
Development Revenue
Fund Development: Ideas and advice. Avoiding UBIT and inurement
Budgeting
Creating a budget
Using and maintaining a budget
Financial Reports for Homeschool Groups
Chart of Accounts: Tips and Examples
Profit and Loss: Tips and examples
Balance Sheet: Tips and examples
Helping your board understand a financial report
Money Management Tips
Finding a treasurer
Record keeping
Reimbursement
Deposit Schedules
Paying workers: employees or independent contractors
Managing volunteers
Avoiding fraud
Tax Exempt Status: IRS and State taxes
Pros, cons, and alternatives
Application process
Maintaining tax-exempt status
Annual reports to the IRS and your state
Guests will complete this Fundamentals of Financial Management Course over 2 sessions. Guests must commit to 2, 2-hour virtual classes. Applicants for the course must commit to the two live training sessions on 9/19, and 9/26 from 11:00 am-1:00 pm CDT.
