This season on Nonprofit Nuggets, we will focus on recent stories about various nonprofits missteps and how to avoid some of these mistakes.
In this episode, we head to Monterey County and discuss an embezzlement scandal of over $700,000 by founder and director of Central Coast Kids and Families, Lolita Garcia. While many of the employees overbuilt their work and could fraudulently alter timesheets and had too much financial leeway, the onus of keeping such activity in check falls on the board of directors. This speaks to the need for the board to build out a compensation committee in order to regulate salaries among staff.
There is also a need for performance evaluations for staff, and a conflict of interest documentation to keep everyone accountable and separate any business and personal interests.
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Podcast Resources
Impact Basics
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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