On BOARD: Understanding Nonprofit Finances and Financial Transparency
Financial management is not only about bookkeeping. Board members should be aware of ethical considerations regarding money management and financial decision-making. We will talk about financial oversights and transparency in nonprofits, from policy creation and compliance, and safeguarding of assets, to audits, managing cash flow, tax compliance, and filing with the IRS and other government entities.
Most importantly, when pay equity and transparency are a must in the sector, we will discuss significant issues around nonprofit finances and transparency.
Content Expert: Kate Lorenz