Let’s face it, without a foundation of understanding in financial reporting and analysis, a fundraiser can be seriously lost in a sea of numbers. Presented by the CPA, this session will take you through a budget document and some of the basic components that should be included in yours. Understanding key performance ratios like response rates, life-time value of donors, retention rates, ROI and more will assist you in evaluating your programs.

Learning Outcomes

-Understanding the budget document, what it is and how to use it

-How to calculate key performance ratios and analyze results

-Develop useful tools for evaluating your financial results

Nicholas Cheung, CPA, CA

Vice-President, Member Services

CPA Canada

Nick is responsible for creating value for members by developing and providing practical, relevant and innovative publications, products and services. He oversees the strategy for and operations of CPA Magazine, the largest B2B magazine in Canada with a circulation of over 200,000. From 2013-2016 Nick also served as CPA Canada’s Chief Privacy Officer, where he was responsible for the management and protection of member information.

Nick has served as CPA Canada’s financial literacy spokesperson and has appeared on BNN, and in the National Post and The Globe and Mail. He was a contributor to the organization’s 2013 award-winning book A Canadian’s Guide to Money-Smart Living. Nick joined the Canadian Institute of Chartered Accountants (CICA) in 2007. He was the co-author of the Privacy Maturity Model (PMM) developed in conjunction with the American Institute of Certified Public Accountants in 2011 and was the contributing author to the CICA legacy publication Canadian Privacy and Data Security Toolkit for Small and Medium Enterprises in 2009.

He also has served on the inaugural Canadian advisory board of the International Association of Privacy Professionals.

Previously, Nick worked at Deloitte, ADP Independent Investors Communication Corporation (later Broadridge Financial Services), Ontario Power Generation and the Canada Pension Plan Investment Board.