Organizational risk in the nonprofit world is a huge issue every organization must prepare for and have policies in place to handle when it occurs. To say fraud will never happen in your organization is shortsighted, and having critical internal controls in place is essential to preventing chaos from erupting in case of an emergency. In this episode, Chyla talks about creating processes, procedures, and laws for your organization to make sure you are prepared to handle any financial risk that may come to your non-profit. Tune in!
Highlights:
Resources:
Connect with Chyla and CNRG Accounting Advisory:
Implementing Better Procedures to Avoid Misappropriation
Embracing the Importance of Governance
Eliminate Budget Season Stress with a Wishlist
The Importance of a Mission-Focused Collaboration and Budget
Having Protection and Processes to Avoid Misappropriation with Documentation
An Intense Dive into the Form 990
Competitive Compensation and Ethical Funding
Making Sense of Your Financial Reports
The Top Questions and Answers to Help You Start Your Nonprofit Organization
Guidance, Counsel and Mercy with Cherrise Wilks
Avoiding Clerical Mistakes with Deadlines, Descriptions & Proper Delegation
Dodging Accounting Discrepancies
Let’s Talk Money and Impact
The Power of a Focused Mission Statement
Budget and Milestones with Tosha Anderson
990 Schedule I: Grants and Other Assistance in the US
990 Schedule G: Fundraising and Gaming
990 Schedule B Schedule of Contributors
990 Schedule A: Public Charity Status & Public Support
Management Representation Letter
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