Compliance as an Engine of Success: What Every Board Member Needs to Know to Protect Their Nonprofit
Thursday, May 7, 2020
10:45 AM – 11:30 AM
Session description: Board members, staff, donors, and volunteers all fuel a nonprofit's success and tell its story in the community. A nonprofit's compliance also tells a story. Compliance fuels a nonprofit's growth, eliminates risk, establishes transparency, encourages good faith operations and fiscal success. This workshop will focus on protecting the brand and reputation of nonprofits, and their board and staff members. The session is geared towards helping participants take an objective annual look at their nonprofit’s compliance practices. We will review the use of an annual nonprofit compliance checklist. We'll also discuss how your compliance needs may change as your organization succeeds and grows, and considers the opening engaging in new methods of fundraising. Finally, we'll cover a few strategies for executive directors, senior staff and board members to discuss compliance within their nonprofits.
Goals: Session participants will become familiar with nonprofit compliance obligations and the potential risk to brand and reputation presented by noncompliance. The session will provide participants with a better understanding of the compliance requirements triggered by various methods of fundraising, the value of compliance in nonprofit success, the use of an annual compliance checklist as a best practice tool, and how to best approach implementing compliance best practices at their organizations.
Objectives: Session participants will leave the session being able to identify potential risk to brand and reputation posed by various methods of fundraising including donate now buttons, capital and planned giving campaigns, grant seeking, giving days, peer to peer fundraising, charitable co-ventures, and charitable gift annuities. Session participants will become generally familiar with the potential compliance obligations that may be triggered by these various methods of fundraising. Participants will become familiar with the use of an annual compliance checklist as a nonprofit best practice tool. Participants will learn strategies on how to best implement compliance best practices at their organizations, and division of compliance responsibilities between board and staff.
Outcomes: Participants will leave the session with the knowledge and framework to take an objective annual look at their nonprofit's current and desired future compliance practices. By the conclusion of the session participants will be able to: • Discuss how compliance enhances a nonprofit's reputation and brand. • Understand how a nonprofit’s compliance needs will change as it grows and expands its methods of fundraising. • Know to use an annual compliance checklist as a tool for your organization. • Learn strategies for implementing nonprofit compliance best practices and what roles board and staff play in those best practices.