How Financial Statements Are Born
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If you have been in a meeting about the financial status of your organization and are confused about the differences between balance sheet, cash flow statement and income statement when they are mentioned, you aren’t alone. Even if you have taken an accounting class, you may have a little trouble reconciling what you learned with the non-profit approach to finance. A few years back, the Non-Profit Finance Fund conducted a webinar for the Theatre Communications ...
Board Recruitment & Rising Expectations
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Non-Profit Quarterly recently hosted a webinar to present “The Completely Revised Guide to Great Board Recruitment.” If you have been following recent conversations about the role of non-profit boards, you will be aware that there is a greater focus on transparency and an increased expectation that boards fulfill their responsibility for good governance. A point that presenter Anasuya Sengupta raises is that legality can be a low bar for ethics and risk aversion and compliance ...
Never Accept The Treasurer’s Report
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With all the recent emphasis about the responsibility of a non-profit board to practice good governance and oversight it may come as a surprise to learn that refraining from approving the treasurer’s report on the financial status of the organization is the most responsible course. During a board meeting there are a lot of items on the agenda upon which members will make motions to accept and vote on, but the treasurer’s report should not ...
Thank you for the authoritative read on this issue. To me, being able to actually see the icon in the…