Financial Responsibilities of a Non-Profit Board
November 24, 2022
04:00 PM to 07:00 PM
The number one job, and often the most puzzling and perplexing, of every board member is to understand financial statements and maintain the financial health of their organization. Board members must ensure that the organization is well-managed and that its financial situation remains sound.
This workshop will help you gain a better understanding of your financial responsibilities as a board member, mitigating the risk to both you and the organization, and ensuring the financial health of the organization. You will learn basic skills in financial management including understanding budgets, interpreting financial statements and writing financial policies.
Topics Covered Include:
- Key roles and responsibilities regarding financial management
- Understanding and analyzing financial statements
- Basic financial terminology
- How to read a budget, monthly income reports, and the balance sheet
Who should attend?
This workshop is recommended for board members of a non-profit organization who would like to develop a better understanding of their financial responsibilities
Facilitator:
Kevin Freedman is a national leader in the areas of governance and non-profit leadership. He is the founder and principal consultant at The Governance Guru where he helps boards do their jobs better through training, facilitation, and support. Before this, he spent several years teaching full-time in the Faculty of Business and Economics at the University of Winnipeg, including courses on non-profit management, corporate governance, ethics, and organizational behavior, and still teaches contractually. A former executive director, he has more than 45 years of cumulative governance experience with public, non-profit, and private organizations dating back more than 15 years. He has been on the boards of the largest credit union in Manitoba, the largest school division in Manitoba, and numerous other local and national boards. Currently he is chair of the Governance and Reconciliation, Equity, and Inclusion Committees on the board of the YMCA-YWCA of Winnipeg. Kevin is also an award-winning volunteer and community leader, having been recognized with a Governor General's Medal for service and the YMCA Canada Peace Medal among others. Kevin holds a master's degree in non-profit management, is an Accredited Canadian Credit Union Director, and is a member of the Institute of Corporate Directors and the International Association for Volunteer Effort. He has been teaching with Volunteer Manitoba since 2016.
Technical Requirements to Participate Virtually:
To participate, you will need a computer/mobile device with internet connection, speakers and microphone. A webcam is preferred but optional.
Accommodations
Volunteer Manitoba strives to host inclusive, accessible workshops that enable all individuals to engage fully. If you require any accommodations to participate in our training, please indicate so on the registration form.
Location:
Virtual
Cost:
$125.00
Facilitator:
Kevin Freedman
