This document provides an overview of key aspects of developing and managing a nonprofit board of directors. It discusses characteristics of nonprofit organizations and the roles and responsibilities of boards, including establishing the mission and strategic plan, ensuring legal and financial compliance, managing human resources and fundraising. The document outlines important financial statements and concepts for boards to understand, including the income statement, balance sheet, differences between income and cash flow, and managing organizational risk.
Competition for grants is increasing and requirements are evolving. What can you do to maximize your organization’s funding? Hint: transparent, accountable and results driven nonprofits will top funders lists for grant awards. This webinar will focus on the essential strategies for managing your grants pipeline, creating strong grant applications, increasing renewals, and building a sustainable grant management program. You will learn the right tools and best practices for successful grant management.
Competition for grants is increasing and requirements are evolving. What can you do to maximize your organization’s funding? Hint: transparent, accountable and results driven nonprofits will top funders lists for grant awards. This webinar will focus on the essential strategies for managing your grants pipeline, creating strong grant applications, increasing renewals, and building a sustainable grant management program. You will learn the right tools and best practices for successful grant management.
Focus on some major topics such as Role and Responsibilities of Financial Manager, Capital Structure , Cash Flow & Funds Flow Analysis etc in MBA Second Semester Financial Management Paper.
Ever had a inspiring idea and wanted to give back to the community but wasn’t sure exactly where to begin? The Los Angeles Urban League Young Professionals presents a tutorial on how to get your 501c3. Learn the building blocks of how to start a non-profit. To learn more about our organization, please visit laulyp.com.
Board Fiduciary Duty Relating to the Annual Audit and Form 990Ballstate1
Joyce Dulworth, CPA and tax partner with BKD LLP, along with Michael Earls, CPA, presented this topic during the 2013 Ball State Foundation PAC Seminar.
Insights in Philanthropy Australia
Tax Efficient Giving and Bequeath Strategies
Digital Disruption – the impacts on NFPs
Common misunderstandings surrounding NFP
Reporting
Topical Legal Considerations for NFPs
Establishing Social Enterprise
State Tax Exemption for Charitable Institutions
Ann Casey from Madison Community Foundation and Theresa Zeidler-Shonat from Smith & Gesteland discuss approaches to Planned Giving. Leaving a legacy takes some organization to pull it off successfully.
Financial Accountability for Board Members. Sponsored by the Lafayette Community Foundation and the Indiana Nonprofit Resource Network, this program provides basic information and tools to help nonprofit board members understand and comply with their fiduciary responsibilities
Many people are interested in leaving a philanthropic legacy, extending their generosity beyond their lifetime.
Legacy philanthropy, known commonly as planned giving," can consist of anything from bequests to life insurance, IRAs to 401(k)/403(b), as well as charitable gift annuities.
Two area experts, Theresa Zeidler-Shonat, Director of Valuation Services at Smith & Gesteland, and Ann Casey, Vice President of Finance and Operations at the Madison Community Foundation, discussed the different ways planned gifts can be structured, sound tools to make the gifting process work smoothly, and the information you need to initiate the planned giving process.
Focus on some major topics such as Role and Responsibilities of Financial Manager, Capital Structure , Cash Flow & Funds Flow Analysis etc in MBA Second Semester Financial Management Paper.
Ever had a inspiring idea and wanted to give back to the community but wasn’t sure exactly where to begin? The Los Angeles Urban League Young Professionals presents a tutorial on how to get your 501c3. Learn the building blocks of how to start a non-profit. To learn more about our organization, please visit laulyp.com.
Board Fiduciary Duty Relating to the Annual Audit and Form 990Ballstate1
Joyce Dulworth, CPA and tax partner with BKD LLP, along with Michael Earls, CPA, presented this topic during the 2013 Ball State Foundation PAC Seminar.
Insights in Philanthropy Australia
Tax Efficient Giving and Bequeath Strategies
Digital Disruption – the impacts on NFPs
Common misunderstandings surrounding NFP
Reporting
Topical Legal Considerations for NFPs
Establishing Social Enterprise
State Tax Exemption for Charitable Institutions
Ann Casey from Madison Community Foundation and Theresa Zeidler-Shonat from Smith & Gesteland discuss approaches to Planned Giving. Leaving a legacy takes some organization to pull it off successfully.
Financial Accountability for Board Members. Sponsored by the Lafayette Community Foundation and the Indiana Nonprofit Resource Network, this program provides basic information and tools to help nonprofit board members understand and comply with their fiduciary responsibilities
Many people are interested in leaving a philanthropic legacy, extending their generosity beyond their lifetime.
Legacy philanthropy, known commonly as planned giving," can consist of anything from bequests to life insurance, IRAs to 401(k)/403(b), as well as charitable gift annuities.
Two area experts, Theresa Zeidler-Shonat, Director of Valuation Services at Smith & Gesteland, and Ann Casey, Vice President of Finance and Operations at the Madison Community Foundation, discussed the different ways planned gifts can be structured, sound tools to make the gifting process work smoothly, and the information you need to initiate the planned giving process.
3. There are more than 500 active not for profits in El Paso
County – Big ones, Small ones and everything in between.
Board members represent the members and/or participants
in the organization
A board of directors is the group of people that represents
the interests of the ―owners‖ — and for non-profits, the
community.
The board, acting as governors or trustees, is charged to
protect the public purpose — to ensure that the organization
operates efficiently and legally and that funds are used
responsibly and as effectively as possible.
Nonprofit Organizations
4. -SHARED VISION
-ESTABLISHED SET OF VALUES
-EXTERNAL LENS
-OUTCOME-DRIVEN
-FORWARD THINKING
-PROVIDE PERSPECTIVE
-PROACTIVE
-ACCOUNTABLE
-EFFECTIVE/EFFICIENT
DECISIONS
Characteristics
5. -THE REASON FOR EXISTING
-ESTABLISH IT
-SUPPORT IT
-KNOW IT…VERBATIM
-BE PASSIONATE ABOUT IT
Mission
6. -Develop strategic plan
(3-5yr)
-Review mission and vision
-Conduct SWOT analysis
-Establish goals, objectives,
action plans
-Monitor implementation
Strategic Plan
7. DUTY OF CARE
-BE REASONABLY INFORMED ABOUT ACTIVITIES
-PARTICIPATE IN GOOD-FAITH DECISION-MAKING
DUTY OF LOYALTY
-EXERCISE POWER IN THE BEST INTEREST OF THE
ORGANIZATION
-AFFIRM CONFLICT OF INTEREST POLICY (FULL
DISCLOSURE, ABSTENTION FROM VOTING, AVOID
SELF-INTEREST)
DUTY OF OBEDIENCE
-COMPLY WITH APPLICABLE FEDERAL, STATE, LOCAL
LAWS
-ADHERE TO BYLAWS AND ARTICLES OF
INCORPORATION
-BE THE GUARDIAN OF THE MISSION
Legal
8. -APPROVE PERSONNEL/
OPERATIONAL POLICIES
-REVIEW POLICIES (18 MOS.)
-HIRE EXECUTIVE DIRECTOR WHO
HIRES OTHER STAFF.
-ESTABLISH ANNUAL OBJECTIVES FOR
EXECUTIVE DIRECTOR
-EVALUATE ED ANNUALLY
Human Resources
9. FUNDRAISING IS CRUCIAL!!!
-TO MEET CURRENT PROGRAM
NEEDS
-TO EXPAND SERVICES
-TO RAISE AWARENESS
-TO SUPPLY UNRESTRICTED FUNDS
-TO DIVERSIFY FUNDING STRUCTURE
Fundraising
10. WHY DONORS GIVE
-COMMITMENT TO MISSION, CASE
STATEMENT, PERSONAL INVOLVEMENT
-CONTRIBUTION TO QUALITY OF LIFE
-GRATITUDE FOR SERVICE PROVIDED
-RECOGNIZE LACK OF RESOURCES IN
SYSTEM
-RECOGNITION, PRESTIGE
-MORAL OBLIGATION, GUILT, FEAR
-MEMORIAL, TAX BENEFITS
-GOOD INVESTMENT
Fundraising
14. -UNDERSTAND THE FINANCIALS
-APPROVE AND MONITOR THE
BUDGET
-INDEPENDENT AUDITOR THAT
REPORTS TO THE BOARD
-MANAGE RISK (D&O, RIDERS,
SPECIAL POLICIES)
-ENSURE PAYROLL TAXES ARE BEING
PAID
Financial
15. 2 BASIC FINANCIAL STATEMENTS
-INCOME STATEMENT/ PROFIT&LOSS
/ P&L
-BALANCE SHEET /STATEMENT OF
FINANCIAL POSITION
Financial
17. INCOME STATEMENT VS. CASHFLOW
-AN ORGANIZATION CAN MAKE A PROFIT
& SIMULTANEOUSLY EXPERIENCE A
NEGATIVE CASHFLOW; AND VICE VERSA
REASONS:
-FUNDING CYLCES
-REIMBURSING GRANTS
-RECEIVABLES
-ACCRUAL ACCOUNTING METHOD
Financial