Hosted by NYN Media
The pandemic has transformed many activities in the nonprofit sector. Event plans have been reimagined, fundraising strategies have changed direction, and boards have navigated through many risks and challenges. Effective board management allows for nonprofits to make a bigger impact. Providing your board with key resources can increase your fundraising efforts, strategic planning, and other mission-based work — especially during a crisis. New York Nonprofit Media will attempt to host “Nonprofit BoardCon” in person, bringing together Executive Leadership and Board Members from nonprofits across New York to learn how collaboration between board and staff is essential amid the pandemic and going forward into the new normal.
9:25 am – Essential Financial Tools and Documents for the Staff and Board
Nonprofit boards need up-to-date financial information to make informed decisions. Through effective financial oversight, the board assures the public-at-large that all resources and benefits received are used to support the nonprofit’s mission. Some of the following are important strategies to jumpstart financial oversight capacity: have an active finance committee, provide financial policies document, support the auditing team if needed, review financial statements, and financial training for board members.