Categories: Fraud and Financial Oversight
May 18, 2021
Resource Type: Articles, Risk eNews
Examining Fiscal Risk for Mission-Minded Success
Powerful missions, community advocacy, and life-changing programs can only happen when nonprofits have sufficient financial resources and strong financial management. Sound financial decisions and financial risk management protect critical assets and make it possible for a nonprofit to deliver the...
Topics: Fraud and Financial Oversight
August 7, 2019
Resource Type: Risk eNews
Fiscal Sponsorships: Managing Risk and Reward
This week we speak with Colleen Lazanich, CEO of CalNonprofits Insurance Services, the only social enterprise insurance brokerage in California. She has more than 30 years of experience across the insurance industry, with more than 20 years specializing in nonprofits....
Topics: Fraud and Financial Oversight
June 7, 2019
Resource Type: Webinars
Risk Reporting
When it comes to risk oversight, effective risk reporting is key to helping an oversight team discharge its responsibilities. What reports make the most sense for a nonprofit board or board committee? A time-consuming reporting structure can tax your staff...
Topics: Fraud and Financial Oversight
April 7, 2017
Resource Type: Webinars
Managing UBIT (Unrelated Business Income Tax) Risk
Presenter: Don Kramer, Counsel, and Chair of Montgomery McCracken's Nonprofit practice group Diversifying an organization's revenue sources is key to financial sustainability. A growing number of nonprofits are achieving this goal by starting income-producing ventures or product lines. But such efforts...
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Risk eNews
The Right Stuff
The Tom Wolfe book “The Right Stuff” chronicles the lives of a group of navy test pilots as well as the early years of the U.S. Space Program during the late 1940s to mid 1960s. The film version of the book reinforces...
Topics: Fraud and Financial Oversight, Governance
December 2, 2016
Resource Type: Articles
Financial Sustainability: The New Frontier
Ensuring that adequate funds are available to support the mission of a nonprofit may be the ultimate challenge facing today’s nonprofit sector leaders. The clarion call to “diversify” an agency’s funding sources is often heard, but ultimately hard to achieve....
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Risk eNews
Financial Risk Red Flags
The article below is excerpted from the Nonprofit Risk Management Center’s brand-new book, “Financial Risk Management: A Guide for Nonprofit Executives.” To read more about the book and order a copy for your desk or copies for your entire leadership...
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Articles
How to Lose Your 501(c)(3) Tax Exempt Status (Without Really Trying)
It’s easy for a nonprofit organization to maintain its tax exempt status—and can be just as easy to lose it. Each year, the IRS revokes the tax-exempt status of more than 100 501(c)(3) organizations. Organizations recognized as exempt from federal...
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Articles
Set the Story Straight with a Financial Dashboard
Take yourself back to college math class; perhaps you studied statistics or calculus. You may have been one of the lucky few who aced every exam, but more likely, you had trouble staying awake during lectures. Numbers can be boring,...
Topics: Fraud and Financial Oversight, Governance
December 2, 2016
Resource Type: Webinars
Risks of Generating Revenue: Charities Doing Good or Doing Business?
Today's charities are partnering with for-profits, selling goods and services and adopting commercial business models. Diversification of revenue sources are all the vogue, but such activity can either compliment or sabotage your mission. What risks will your nonprofit take in...
Topics: Fraud and Financial Oversight