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
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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