Serving on a nonprofit board is a wonderful way to improve our world and can provide some benefits to you. As a financial professional, you have so much to offer not-for-profit companies. This course is for those new to not-for-profit boards and provides insights to those with nonprofit board experience.
This course will cover the duties of a financial professional as a board member. I'll start with the benefits you provide to a nonprofit board and what your board experience may offer to you. You’ll learn the key questions to ask and the important document to review before joining a board. I'll list the three duties of all board members. We'll also explore the personal liability risks of joining a board and some risks the organization faces. You'll learn some ways to mitigate these risks.
The second half of the course goes deeper into nonprofit financial oversight. We'll look at the financial policies that boards use to guide their organizations. I'll explain how nonprofit financial statements differ from for-profit statements and how financial management is also different. We'll look at the duties of the finance committee and the audit committee, as well as the types of nonprofit audits and examinations. I thought a great way to end a course on tax-exempt organizations is with a lesson on tax compliance. Ironic, isn't it?
This course is tailored to financial professionals, which includes:
- Accountants and CPAs
- Financial analysts
- Financial planners
- Investment analysts
- Anyone who has managed finances at a company
This course focuses on the financial governance, risk management, and compliance aspects of board service. It does not go into the details of accounting for nonprofits, completing tax forms, audit procedures, etc. There are many good courses by others that cover this.
The author has worked for multiple nonprofits, including as CFO and SVP of Finance. He has also served on multiple nonprofit boards.
This webinar is available with
NO ADDITIONAL FEE if you have an active
all access membership or
webinar membership or can be purchased for
$20.00!
| Instructor: | Rob Stephens |
| Course No: | FIN-NONPROF-G90014 |
| Recommended CPE: | 2.00 |
| Delivery Method: | Group Internet Based - Webinar |
| Date Offered: | 4/22/2025 10:00 AM - 12:00 PM |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Registration Requirements: | Registration with GoToWebinar is required |
| Recommended Field of Study: | Webinars - Group
Finance
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Learning Objectives
- Explore ways to assess current and projected cash flows
- Discover methods to increase cash flow and reduce dips in cash flow
- Identify sources of cash for businesses