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December 2, 2016
Resource Type: Articles
Technology: Boon or Bust?
During a recent weekend I spent 24 precious hours with two close friends who live in distant cities—hours that made us feel giddy, as if we had stolen them from our otherwise work and family-filled days. In order to spend...
Topics: Data Privacy, Tech Risk, Cybersecurity, HR Risk and Employment Practices
December 2, 2016
Resource Type: Articles
Facilities Risk Management: Understanding Leasing Exposures
Q: Our nonprofit leases space from other entities for our office and occasional special events. What exposures do we have because of this? A: Leasing relieves you from some obligations and exposures with regards to repair, maintenance and compliance with regulations,...
December 2, 2016
Resource Type: Articles
Do board meetings have to be open to the public?
In some states there are laws known as “Sunshine laws” that require groups to open their meetings to the public, however, these laws generally only apply to governmental or quasi-governmental groups. Unless the nonprofit is a governmental entity, there is...
Topics: General
December 2, 2016
Resource Type: Articles
Managing Restricted Grants: Routine or Risky Business?
The article below was adapted from Mission Accomplished: A Practical Guide to Risk Management for Nonprofits, published by the Nonprofit Risk Management Center. For more information about NRMC's book, click here. (Mission Accomplished has been replaced by Enlightened Risk Taking:...
Topics: General
December 2, 2016
Resource Type: Articles
May board members be reimbursed for their expenses?
There are no laws that would prevent a charity from providing compensation to board members for their board service, but the majority of public charities do NOT compensate their board members. More typical is for board members to be reimbursed...
Topics: General
December 2, 2016
Resource Type: Articles
The Nitty Gritty of a Risk Committee
“Let’s form a committee!” is the frequent battle cry of nonprofit leaders facing a complex problem for which there are no obvious, immediate or cheap solutions. When more than one brain is needed to ponder a perplexing problem, forming a...
Topics: General
December 2, 2016
Resource Type: Articles
“Everything’s Fine? We’ve Got Insurance!”
Have you heard these jubilant words from your staff or board lately? Even worse, do you comfort yourself with this thought whenever some accident strikes your nonprofit? If so, then everything definitely is not fine within your risk management program....
Topics: Insurance and Risk Financing
December 2, 2016
Resource Type: Articles
New Year, New List Five Risk Management Resolutions for Your Nonprofit
Five Risk Management Resolutions for Your Nonprofit During a recent airline trip I opened the in-flight magazine and saw an ad for an expensive piece of exercise equipment that promised an effective cardiovascular workout with only four minutes of effort....
Topics: General
December 2, 2016
Resource Type: Articles
New Resources Emerge from Collaboration
A recent collaboration between ChoicePoint and the Nonprofit Risk Management Center has led to the creation of a Risk Management ToolKit for customers of ChoicePoint’s state of the art background checking services. As part of the company’s continuing efforts to help nonprofits...
Topics: General
December 2, 2016
Resource Type: Articles
IN is OUT, and OUT is IN Outsourcing the Finance or Accounting Function in a Nonprofit
Fiscal Outsourcing Outsourcing financial tasks has become a popular trend in the nonprofit sector. Common reasons nonprofit leaders outsource some or all of their financial management responsibilities include: to gain access to expertise the nonprofit doesn’t require on a full-time...
Topics: Fraud and Financial Oversight