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Understanding Nonprofit Financial Statements

November 26th, 2019
12:30PM to 3:00PM
Philanthropy Massachusetts, 133 Federal St, Ste 802 Boston, MA 02110
Grantmaker, Philanthropic Advisor
Event type:
Base fee:

Program Description

A nonprofit organization’s financial statements and disclosures provide a wealth of information and can tell a story, but sometimes you have to do a little digging to unravel the tale. We will get comfortable with the numbers found in the statements, and find deeper understanding by learning to skillfully apply key ratios and interpret the notes. In this interactive workshop we will review a set of financial statements and disclosures and discuss how to find meaning in the numbers. The format is welcoming of grantmakers at all levels of experience with due diligence.

Key Learnings:

Gain confidence in assessing a nonprofit organization’s financial and organizational strength. With expert guidance from workshop leaders and your peers, explore and demystify the:

  • Auditors’ report
  • Statement of financial position and statement of activities
  • Statement of cash flows
  • Disclosures
  • Key ratios
  • Presentation of nonprofit financial statements


Pamela Labonte Maksy, Chief Operating Officer, GMA Foundations

Pamela joined GMA Foundations in 1998 and became a principal partner in June 2000. Her work with GMA clients includes payout analysis and forecasting. Pamela specializes in helping GMA’s clients achieve their philanthropic goals by working with them to plan and manage their annual distributions for maximum impact.  Pamela is a cum laude graduate of College of the Holy Cross, where she was inducted as a member of Phi Beta Kappa.


Alfonso A. Perillo, CPA, CFE, MSW, Director of Financial Services, GMA Foundations

As Director of Financial services at GMA Foundations, Alfonso Perillo leads the firm's client-centered approach to delivering essential services to foundations and grant-making charities, from accounting to payout planning and advising CFOs. He was most recently a Partner at Edelstein and Company and practice leader of the firm's Nonprofit Team. Alfonso has specialized in taxation and assurance services for nonprofits and foundations for 20 years. As a former practicing social worker, Alfonso brings a unique perspective to the services he provides his clients.

Lunch will be provided 

Registration type: 
Normal registration

Philanthropy MA Policies

Coronavirus Precautions and Guidelines: As information about the novel Coronavirus COVID-19 continues to develop, Philanthropy MA is being proactiive in following the recommendations for personal vigilance to ensure minimal contact with potentially ill individuals, based on health and safety guidelines established by public health officials as well as implementing procedures for in-person program/convening support.  Please click here for the guidelines. 

Refunds: When an event or program requires payment, payment is required in advance unless alternative arrangements have been made with an Philanthropy MA staff member. If payment has not been received and/or arrangements have not been made three or more business days before the event date, Philanthropy MA reserves the right to cancel your unpaid reservation. Philanthropy MA does not provide refunds, but a credit good for one year may be issued for future events if notice of nonattendance is received three or more business days prior to the event. If you need to cancel your event registration, please email Philanthropy MA staff at info@philanthropyma.org.

No Solicitations: Philanthropy MA values knowledge sharing – connecting people with each other and with information. We strive to create a welcoming, collegial atmosphere at all of our events. We kindly ask program participants to refrain from soliciting other participants for business or grants while at events hosted by us, regardless of venue. 

Accessibility: To inquire about accessibility of our programs, please email info@philanthropyma.org.

Media: Photographs and/or video may be taken at this event to support Philanthropy MA's efforts to educate and inform the community on the role of philanthropy, in marketing materials, on our website and through social media. If you prefer your image not to be used please notify us at the event. Thank you.

Going Green: In our continued efforts to Go Green in the office, our first step is providing a water station in our conference room for use at our programs, replacing bottled water. You may use your own personal beverage container or cups will be made available. Thank you for your understanding and cooperation.

133 Federal Street, Suite 802 | Boston, MA 02110
Phone: 617.426.2606
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