Adjunct Associate Professor of Public Administration
Since April 2009, Ed Sermier has served as Director, National Customized Services for the Nonprofit Finance Fund (NFF). He developed a "Financial Toolkit for Nonprofit Executives and Board Members" which he is now selling as well as leading the more complex consulting assignments throughout the United States.
Mr. Sermier retired on September 30, 2008 from his position as Vice President, Chief Administrative Officer and Director of Program Evaluation at Carnegie Corporation of New York (CCNY). CCNY is a private foundation with $3 billion in assets. It was founded by Andrew Carnegie in 1911.
Mr. Sermier has also served as Chief Financial Officer of the New York Philharmonic Orchestra; Deputy Director in the Mayor's Office of Operations for Mayor David Dinkins; Director of Strategic Planning and Capital Budgeting for the New York City Transit Authority; Director of Special Education for the New York City Board of Education; and Budget Director for the New York City Board of Education.
He holds a Masters in Business Administration degree from Columbia University and a Bachelor's degree in mathematics from Manhattan College.
He also currently teaches two courses in the School of Public Affairs at Baruch College where he serves as President of the Executives On Campus (EOC) organization. The EOC program has approximately 200 executives from the for-profit and non-profit sectors who volunteer their time to provide mentoring and other services to Baruch students.
Capstone: Advanced Project in Public Management and Finance
Couples with CAP-GP.3111.
As part of the core curriculum of the NYU Wagner Masters program, Capstone teams spend an academic year addressing challenges and identifying opportunities for a client organization or conducting research on a pressing social question. Capstone, in architecture, is the crowning piece of an arch, the center stone that holds the arch together, giving it shape and strength. Wagner's Capstone program plays a similar role, by providing students with a centerpiece of their graduate experience whereby they are able to experience first-hand turning the theory of their studies into practice under the guidance of an experienced faculty member. Projects require students to get up-to-speed quickly on a specific content or issue area; enhance key process skills including project management and teamwork; and develop competency in gathering, analyzing, and reporting out on data. Capstone requires students to interweave their learning in all these areas, and to do so in real time, in an unpredictable, complex, real-world environment.
Financial Management for Nonprofit Organizations
This course focuses on financial management in a wide variety of nonprofit organizations. Some of these are organizations that rely primarily on donor support through pledges, grants and endowments. Others rely on revenues generated through the provision of services. In the fall term, the course adds material on NGOs operating in the international arena. In the spring term, the course concentrates on U.S. nonprofits. The substantive issues for financial managers are similar in both semesters.