As a nonprofit organization you tend to focus on growth and its challenges, overlooking the need to monitor your assets. Yet, the protection of the organization’s assets is essential to its wellbeing and growth. We all see the frequent news headlines where nonprofit funds have gone missing, whether through mismanagement or outright theft. And nonprofits are not exempt to being sued for any number of activities. Establishing a solid framework for asset management is key to organizational health.
Please join attorney Sally Morris as she reviews the strategies essential for the protection of the nonprofit organization’s assets. She will discuss internal controls such as the best practices for financial procedures and oversight of staff and conducting proper internal oversight. She will also discuss why organizations may need insurance, the types of insurance available and the potential impact of being non-insured. And finally she will look at different investment policies and how they can help an organization protect their assets to help them achieve and accomplish their mission.
WHAT YOU’LL LEARN
Just a sampling of what this webinar will cover:
- Define and discuss different types of internal controls
- Look at how to create internal controls for financial management
- Determine if you need insurance and learn what types of insurance are available to nonprofit organizations
- Understand what options there are for investing, and decide if your assets are safe
- AND MUCH MORE!
YOUR CONFERENCE LEADER
Your conference leader for “Asset Protection: Safeguarding Your Nonprofit’s Financial Security” is Sally Morris. Sally is an attorney who is passionate about representing nonprofit organizations which she has enjoyed doing for over twenty years. Sally also practices in the area of employment law and brings the convergence of those two disciplines together to provide a unique knowledge base and experience to advise nonprofits. Sally has experience with unincorporated associations, private foundations, membership organizations and public charities. She has advised nonprofits concerning governance and growth, fundraising issues, state registration compliance, excess benefit transactions, private inurement, policy and procedures, formation, and many other issues.
Sally has been running her own law firm since 2003. Prior to becoming a small business owner, Sally began her career as an associate with the Boston, Massachusetts firm Mahoney, Hawkes and Goldings as litigator in complex civil and criminal matters. She moved to Maine in 1997 and worked as an associate and partner with Friedman, Gaythwaite Wolf & Leavitt, continuing to advise nonprofits and have an active employment law and litigation practice. Sally is admitted to practice law in Maine and Massachusetts and has served on many community boards. These currently include the Portland Conservatory of Music, Family Ice Rink and the Fiddlehead School of Arts and Sciences, a Maine Charter School, reflecting her passion for music, ice hockey and education. Sally graduated from Boston University and from the New England School of Law, cum laude.