Southern Ohio Nonprofit Conference

There are a number of reasons why nonprofit board members and directors should attend the Southern Ohio Nonprofit Conference. First and foremost, nonprofit board members should note that they are responsible for the finances of the organization; and, like their for-profit counterparts, can sue and be sued. But have you also considered the importance of financial health to receiving gifts, grants and contributions. Most, if not all donors, give to organizations they trust. Grantors, government and foundations alike give grants to organizations that have sound financials, i.e. organizations they trust. Some examples of financial red flags that can damage trust between organizations and their funders include: • Missing, incomplete, or inaccurate financial information • Unwillingness to share the IRS tax form 990, statement of financial position, or recent audit • Serious areas for improvement are noted in the organization’s audit statement or its management letter • Board members cannot remember the organization’s overall budget without looking it up “Nonprofit Finance 101: Protect Your Assets” will give an overview of key financial management practices needed to create and maintain a healthy nonprofit organization. In the morning “deep dive” session, Mike Gampp, CPA, will share with participants the importance of consistent, accurate and timely financial reports. He will discuss the importance of budgeting, forecasting, the balance sheet or statement of financial position and an audit. After lunch, Barry Lucas, CPA, will encourage participants to create policies and procedures that provide adequate and appropriate internal controls. At the end of the day, he will field financial questions from participants in “Q & A with a CPA.” Have questions? Contact the Scioto Foundation by telephone at 740-354-4612, or by e-mail kim@thesciotofoundation.org. breakfast and lunch is included