Know The Rules of The Game! What Internal Controls Should You Have in Place?

Speaker Cheryl Black
Chief Operating Officer Texas Association of Nonprofit Organizations About the Presenter: Cheryl Black, Chief Operating Officer of Texas Association of Nonprofit Organizations (TANO). Cheryl has 25 years of experience working in multiple roles with nonprofit organizations - volunteer, board member, fund-raiser, donor, independent auditor, consultant, seminar speaker, controller and executive director. Cheryl’s areas ...

Chief Operating Officer
Texas Association of Nonprofit Organizations
About the Presenter:

Cheryl Black, Chief Operating Officer of Texas Association of Nonprofit Organizations (TANO). Cheryl has 25 years of experience working in multiple roles with nonprofit organizations - volunteer, board member, fund-raiser, donor, independent auditor, consultant, seminar speaker, controller and executive director. Cheryl’s areas of expertise include budgeting and audit supervision, financial management of capital construction projects (including bond issues), investment activity analysis, payroll and fringe benefits administration, and facility operations supervision. Cheryl holds a B. S. in Business Administration from the University of Nebraska - Kearney and a State of Nebraska CPA certificate. Her extensive background in the day-to-day operations and financial administration of nonprofit organizations helps her impart the knowledge to avoid potential pitfalls. As a board member, she offers the broader perspective nonprofits need to plan for their future, and as an auditor, she knows how best to present an organization to the outside world.

Full Description

Know the Rules of the Game
What Internal Controls should You Have in Place?

Friday, January 22 1:30pm – 5:00pm

Register for this session ONLY at http://www.tano.org/en/cev/721

Because of recent corporate wrongdoings, review of an organization’s internal controls has become an integral part of compliance reporting. Nonprofit organizations are included in this heightened scrutiny. In this session you will learn:

·         how internal controls can actually make your nonprofit organization stronger

·         the importance of segregation of duties

·         how to put together financial policies and procedures

·         the guidelines to follow pertaining to document destruction decisions

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This session is part of

Nonprofit Financial Management is No Game!

No one has a Monopoly on happiness but being part of a nonprofit organization provides many rewards. However, too often a nonprofit organization’s lifespan is cut short by poor financial management (bankruptcy!)
 
This series is a fun but in-depth exploration of the major components of nonprofit financial management. Participants will use the components of the game of Monopoly to learn how to play to win their organization’s financial health.

The organization with the most Monopoly money at the end of the series will win a prize!

All sessions held at Arts Council of the Brazos Valley 2275 Dartmouth Street, College Station, TX 77840-4640

It’s Your Turn!

Save $ and take the full series!

TITLE DEED

TANO Financial Management Series

TANO Members

Rent for each session                            $50

Rent for full series                              $150

Non- TANO Members

Rent for each session                             $75

Rent for full series                              $200

 

Note: For the full series different players can attend from an organization

 

Register for the full series at: http://www.tano.org/en/cev/715


For questions, call TANO at 972-839-9960 or mbharrington@tano.org


Six-Part Series Sessions Include:
Buy hotels or Railroads?
Developing a Financial Contingency Plan
Friday, January 8  9:00am – 12:30pm
FREE to TANO members and those registered for the
Full 6-part Comprehensive Nonprofit Financial Management Series ∙
 $25 to the public
Register for this session ONLY at: http://www.tano.org/en/cev/716
 
Give Your Board a GET OUT OF JAIL FREE card
Reading Financial Statements for Nonprofit Staff/Board Members
 
Friday, January 8 1:30pm – 5:000pm
         This session is FREE but Registration is Required!
Register for this session ONLY at http://www.tano.org/en/cev/717
You don’t have to have a degree in accounting to be able to read and understand Balance Sheets and Income Statements. In this session you will learn:

·         which financial statements are required of nonprofit organizations

·         how each of these financial statements fit together to give you a total picture of your organization

·         how to draw conclusions and/or list questions for management based on analysis (a class exercise)

Can you Afford BoardWalk?
How to Develop and Maintain your Nonprofit Budget

Friday, January 15 9:00am – 12:30pm

Register for this session ONLY at http://www.tano.org/en/cev/718
 
Essential to the success of the long range strategic plan for your organization, is implementing a strong annual operating budget. In this session you will learn:

·         several examples of how successful nonprofit organizations approach putting together a budget

·         the importance of involving the entire staff and board in the budgeting process

·         how to allocate overhead expenses to your nonprofit organization’s programs

·         hands-on practical budgeting by participating in a class exercise


Don’t Throw the Dice!
Prepare for an Audit
Friday, january 15 1:30pm – 5:00pm
Register for this session ONLY at:  http://www.tano.org/en/cev/719

It is imperative that a nonprofit organization’s books and records can be relied on as accurate and transparent to donors, lenders, and service based clients. Accomplish this by retaining an independent certified public accountant to perform an annual audit. In this session you will learn:

·         the difference between a compilation, review, and audit

·         how to prepare your nonprofit organization to be “audit ready”

·         the importance of internal controls

·         to read the various sections of an audit report and its accompanying management letter

Do not pass Go. 
Do Not Collect $200. 
What’s Up with the New 990’s?
Friday, January 22 9:00am – 12:30pm
Register for this session ONLY at:  http://www.tano.org/en/cev/720
 
The Internal Revenue Service requires nonprofit organizations meet certain criteria to file an annual information return. In this session you will learn:

·         the rules of who, when, and where to file

·         how to break down expenses into three functional areas

·         the new reporting rules and form changes for reporting year 2008

·         UBIT (Unrelated Business Income Tax) filing requirements

Know the Rules of the Game
What Internal Controls should You Have in Place?

Friday, January 22 1:30pm – 5:00pm

Register for this session ONLY at http://www.tano.org/en/cev/721

Because of recent corporate wrongdoings, review of an organization’s internal controls has become an integral part of compliance reporting. Nonprofit organizations are included in this heightened scrutiny. In this session you will learn:

·         how internal controls can actually make your nonprofit organization stronger

·         the importance of segregation of duties

·         how to put together financial policies and procedures

·         the guidelines to follow pertaining to document destruction decisions

Organizer Mary Beth Harrington

mbharrington@tano.org

When?

Friday, Jan. 22, 2010
1:30 p.m. - 5 p.m. US/Central

How Much?

Event has ended

Where?

Arts Council of Brazos Valley
2275 Dartmouth St.
College Station, TX 77840-4640


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