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Event
Board Basics: Legal and Financial
This workshops is an introduction for prospective, new, and experienced Board members to all legal and fiscal aspects of a non-profit Board members responsibilities.
Attorney Carrie Pollak will define and explain in detail the duties imposed by law on members of non-profit boards of directors in New York State, specifically -
Duty of care
Duty of obedience
Duty of loyalty
State Attorneys General and the IRS have become much more active in recent years in ensuring that board members take these duties seriously. New requirements took effect in 2014 and 2015 and Carrie will describe these in detail.
Carries practice focuses on corporate governance. In this session she will
Describe the legal and regulatory framework within which non-profit agencies operate
Explain the steps agencies must take to secure and retain tax-exempt status
List the documentation that every non-profit must maintain
Outline the voting rules that determine whether a non-profit agencys actions have legal effect
Detail the personal liability that board members incur and how to protect themselves from it
Discuss different approaches to minute-taking at Board and Board Committee meetings
Duane Shoen, CPA, Insero & Co. CPAs, LLP, and his staff provide auditing and accounting services to a large percentage of all non-profit agencies in Tompkins County. Duane will show board members with little or no financial background how they can carry out their duty to monitor and improve the financial reporting, internal controls, and fiscal health of their organization.
Duane will review
The role of the board vis-à-vis agency fiscal staff
The role of the Treasurer
How to carry out the boards monitoring and advising role without micromanaging professional staff
The two bases of accounting
How to understand some of the most significant financial indicators from financial statements and from the agencys tax return (IRS form 990)
What to look for in the agency audit or other independent fiscal review
How to determine whether internal controls are adequate
How to develop adequate internal controls when there are too few staff to segregate duties
Hiring of financial staff
Cancellation policy: All registration purchases are final. At times a workshop may be cancelled due to inclement weather or other issues. If this occurs, we will post the cancellation on our website, email all registered participants, and refund any prepaid fees. If you plan to walk-in, please check our website for the most up-to-date information prior to attending.
Limited scholarships are available for non-profit board and staff members who cannot attend without one. To request a scholarship, email: registration@hsctc.org in advance of the workshop.
Special Needs Please notify us if you have any special needs; the Coalition wishes to make its workshops accessible to everyone.
For the comfort of everyone, HSC workshops are fragrance free. We appreciate your cooperation.
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LocationBorg Warner Room, Tompkins County Public Library (View)
101 E. Green St.
Ithaca, NY 14850
United States
Categories
| Kid Friendly: No |
| Dog Friendly: No |
| Non-Smoking: Yes! |
| Wheelchair Accessible: Yes! |
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