Not-for-Profit Organizations

Tips and Traps to Avoid to be an Effective Treasurer

Tips and Traps to Avoid to be An Effective Treasurer

To be successful a non-profit or charitable organization must earn the trust and respect of its donors and funders. Due to an organization’s financial management being directly tied to the Treasurer’s responsibilities, their execution of these responsibilities will have an impact on the public’s perception and confidence in the organization as a whole. When an organization is seeking a Treasurer they should keep this top of mind and look for individuals with strong financial literacy …

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Eight Tips for Preventing Fraud in Not-for-Profit Organizations

Eight Tips for Preventing Fraud in Not-for-Profit Organizations

Many organizations feel that, due to their small size, they are not susceptible to fraud. Unfortunately, this is not true. Even the smallest of organizations have been, and can be, targets of fraud. In fact, smaller organizations have disproportionately large losses from asset misappropriation, and are much less likely to recover from a fraud. This is due to the fact that they often employ friends, family and other “trusted individuals,” and rely on trust rather …

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