Money Matters for Nonprofits

by Melisa F. Galasso

You serve on a nonprofit board to make a big impact. You know that a nonprofit must be financially well to do the most good. If you’re not a numbers person, or it’s been a while since you’ve worked with numbers, you may find financial statements hard to decipher. Money Matters for Nonprofits demystifies financial statements and basic accounting to empower you in your role as nonprofit board member.

A CPA with nearly twenty years of experience in the accounting profession, Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A natural teacher, Melisa designs and facilitates accounting and auditing courses, including not-for-profit accounting. In Money Matters for Nonprofits, Melisa makes complex topics easy to understand with lots of examples and clear explanations of how financial statements work. With this resource at your fingertips, you as a board member will feel equipped to better advise your nonprofit and make an even greater difference in the world.

Genres: Nonfiction

300 pages, Kindle Edition

Published August 17, 2022

Reviews

[Brittany E. · Rating 5 out of 5]

Let's be honest, you are not picking up this book for some light reading. If you are heavily involved with a non-profit or even looking to start a non-profit this is the book for you. I work at a non-profit and the financial side of things can be so daunting. This book really breaks down everything that you need to know when it comes to the financial aspects of a non-profit. It is dense reading but written in a way that makes everything easier to understand. I really enjoyed that the author provided lots of scenarios and examples of what these "money matters" would look like in real life. It helped me to visualize how everything applied to my specific non-profit. For those visual learners out there, there are many visual examples throughout the book as well. I think this is a great source of information and I would recommend it if you are just starting out in the non-profit field.


I received a copy of this book in exchange for an honest review.

[Patricia Ann · Rating 5 out of 5]

Wow. I wish I would have read a book like this long ago. I truly wish board members would read this, all people wanting to be board members. The examples (although I wish there were more) are realistic and enlightening. It's so well organized, logical, easily understood and receives my top recommendation for the audience intended for this book. AND a high recommendation for anyone else who cares to learn about the terminology, legalities , ethics, of finances/accounting; let alone for nonprofits. Thanks Goodreads for this book!

[Daphne · Rating 5 out of 5]

I’ve been working with nonprofits my entire career (over 28 yrs) and I really enjoyed this book. It was well-written and contained a lot of valuable information. As a CPA myself, I thought the author did a good job of explaining some complex topics specific to nonprofits. I encourage all Board members and anyone looking to understand the basics of nonprofits to read this book.

[Sean Simpson · Rating 5 out of 5]

Essential reading for first-time nonprofit board members and required for board treasurers

If I had this book when I started running nonprofit organizations 15 years ago I'd have saved many hours of hand wringing and trying to avoid saying "I told you so." Far more important than just skimming the bylaws and buying a table at the annual gala.

[Janet · Rating 5 out of 5]

Money Matters for Nonprofits

Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting.
Very interesting. This was a Goodreads giveaway winner.

[Jennifer Rae · Rating 4 out of 5]

A bit dry - but that’s what I expected from a finance book! Great resource if you’re unfamiliar with finance, especially in relation to nonprofit organizations. I can see the benefits from staff and board members reading this one.

[Hira · Rating 4 out of 5]

What I absolutely loved about this book was how easy it was to read for a non-fiction book based on financial matters. Good examples, logical and reasonable explanations. This book wasn’t what I expected but I enjoyed reading it, nonetheless!

[Jerry Pridemore · Rating 5 out of 5]

Great book! Very helpful for leaders new to the nonprofit area.

[Kenneth Cameron · Rating 5 out of 5]

This book has been a huge help in my work with local NPOs. Every NPO board should have a copy.

[Carol & Russell · Rating 5 out of 5]

Hard to put down!

[Amber · Rating 3 out of 5]

I won the Kindle version of this book through a Goodreads giveaway.

This book was very helpful & detailed a lot of info I’m sure anyone involved in the non-profit world could utilize.

[R.Z. · Rating 5 out of 5]

This is a manual for those who have been asked to join the governing board of a nonprofit organization. Before you accept, at least skim this book to see if you are willing and able to assume the responsibilities that it entails. Those already on such governance boards might want to refer to this excellent manual for knowledge in the areas where they feel uncertain.

[Steph Telles · Rating 4 out of 5]

If you serve as a board member for a non-profit organization, but struggle to fully understand basic financial documents, this book offers all the fundamentals you'll need to contribute in more meaningful ways.