are focusing on the CFO function in their organizations--the result of increased scrutiny of nonprofit
organizations' financials and performance, higher accountability to the public trust and the rapid growth and increased complexity of individual organizations.
For 25 years Nonprofit
Finance Fund has helped nonprofits
match their passion and dedication with financial strength and sustainability.
At that time, it called for a compliance review of nonprofits
every five years, requiring them to produce (1) articles of incorporation and bylaws, (2) conflicts of interest policies, (3) best practices, (4) financial statements and (5) a declaration, signed by the chief executive officer, that a return is true and accurate; see http://finance.
Those 5,600 nonprofits
serve more than one million older people every day.
should take some proactive steps and look at their governing systems with a view toward promoting sound oversight practices that improve the quality and integrity of financial reporting and the attest function.
, some of which are required by law to have a board of directors, can run the gamut in terms of who they service, from international relief organizations, such as the Red Cross, to civil rights advocacy groups and professional organizations.
It's time for the nonprofits
to shift their mentality from thinking of themselves as groups who are always asking for things, and realize how much they offer the community.
aren't trying to make money, they're trying to make change, and because of that, they play a critical role in society.
A great number of nonprofits
are entrusted to boards of directors populated by over-extended executives and status-seeking lawyers or financiers who have neither time for, nor interest in, real oversight.
PHILADELPHIA -- With increased competition among nonprofits
in an environment of eroding public trust, nonprofit
organizations are struggling more than ever to safeguard their missions.
are a critical economic engine in the New York City area.
Here are seven real world threats to the viability of many nonprofits
, though clearly not the only seven.