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The Legal and Financial Fiduciary Duties of Nonprofit Board Members
March 14 @ 10:00 am - 12:00 pm
$25This program is offered to the New Jersey Center for Nonprofits community under a Memorandum of Understanding with Nonprofit New York.
Members of the New Jersey Center for Nonprofits are eligble for $10 off on this program with use of a specific discount code. Email center@njnonprofits.org if you need the code.
This is a two part series. The other session is on March 15, 2023
Nonprofit New York is excited to announce our first two-part webinar series, “Board Governance Basics”. This series consists of two workshops over two days – by registering, you will have access to both webinars and be sent recordings and materials for both trainings.
Tuesday March 14th 10:00 AM-11:30 AM: “The Legal and Financial Fiduciary Duties of Nonprofit Board Members”
This session is for nonprofit board members and support staff that need an update and primer on the legal and financial fiduciary duties of board members, best practices and their practical application to operations.
Topics include: the three statutory duties of board members and how to comply, dealing with conflicts of interest, related party transactions, and whistleblower complaints, important governance policy drafting and implementation, lobbying and political campaign limitations on nonprofits, unrelated business income, how to read financial statements and look for signs of financial instability, seven signs of a financially stable nonprofit.
The session is presented in lecture format with audience questions and dialogue on each topic.
Key Takeaways:
- The three legal fiduciary duties of board members and how to comply
- 4 ways to jeopardize your tax exempt status
- 7 characteristics of financially health nonprofits
- Identifying conflicts of interest and knowing how to resolve them
This workshop will be presented by Catherine Michele Hedgeman, Owner of Hedgeman Law Firm
Key Area(s) of Excellence: Governance
Wednesday, March 15th 11:00 AM -12:00 PM: “Overcoming the Top 5 Board Management Challenges”
A strong, active and engaged board is the backbone of a thriving nonprofit organization that maximizes its social impact.
We will go through the top five board management “challenge buckets” and highlight the tangible, no-nonsense elements to attracting, retaining, managing and engaging your nonprofit board.
We’ll cover:1. Perception of your organization and its leadership (attracting & recruiting) 2. Vetting process best practices3. Onboarding process key tips4. Conveying expectations & roles5. Effective communication = greater engagement
This training is for nonprofit leaders, staff who support and interact with board members, as well as board members.
Attendees will leave with resources and short- and long-term strategies to plug into a template board development action plan.
Key Takeaways:
- Top strategies to overcome the top five board management challenges
- How to attract, retain, manage and engage your nonprofit board
This workshop will be presented by Christine Deska, President & Co-Founder of Nonprofit Sector Strategies, PBC
Key Area(s) of Excellence: Governance
Register: https://www.eventbrite.com/e/board-governance-basics-tickets-488138815337
