This season on Nonprofit Nuggets, we will focus on recent stories about various nonprofits missteps and how to avoid some of these mistakes.
On today’s episode, we are discussing a story out of Austin, TX around an accountant found guilty of stealing 1.3 million dollars from his organization. This Rodeo Austin accountant subsequently lost his accounting license and left his former employer in financial strife, as they used the proceeds from their annual Rodeo to fund scholarships and other community initiatives.
In order to prevent situations like this from occurring, it is of utmost importance to file consistent expense reports and audit those reports in order to track any suspicious spending. It is also important to limit access for employees to financial resources. This will also help corral any outlandish and curious spending and help keep all parties accountable.
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Podcast Resources
Impact Basics
This Week’s Story
Becoming Fully Equipped and Fully Confident with a 990
How to Showcase and Tell a Story With Your 990
Using Your 990 as a Tool in Your Nonprofit
Identifying and Reporting Your Priorities with Your 990
Staying Aligned With Your Mission: A Guide To Successful 990 Filings
Being Transparent with a 990
How to Ensure Sustainability for Your Nonprofit with Rebecca Rodriguez
Hit the Ground Running with a Successful Nonprofit with Rebecca Rodriquez
How to Prevent Fraud in Your Business: Eliminating Internal/External Pressure on Staff
Protecting the Safety of Everyone with Effective Program Risk Management
How to Go Beyond the Basics: A Step Towards Fraud Risk Prevention
How to Question Leadership for Greater Transparency and Preventing Fraud
Best Practices for Securing Valuable Organization Data
How to Use a Fraud Risk Assessment to Protect Your Nonprofit
Safeguarding Against Minor Mix-Ups by Creating Clear Roles
How to Eliminate Emotional Decisions and Implement Internal Controls in Your Nonprofit Organization
The Perfect Timeline for Your Fundraiser
Navigating Your Financial Statements
Creating a Change by Eliminating Fluff
Cultivating a Beneficial Relationship Between a Fiscal Sponsor and an Organization
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