Small Nonprofit Boards Protection

Yes, Small Nonprofit Boards Need Protection Too

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It happened to a nonprofit youth soccer Board in Massachusetts and it can happen to you. The treasurer of Framingham United Soccer Club in Massachusetts took $175,000 from the nonprofit’s bank account and paid his own business and personal expenses. Like many small nonprofits, none of the Board Members paid attention to the bank statements and other organization records and the treasurer kept stealing and stealing. The Board Members could have put a quick end to the thievery if they had anytime and anywhere access to the bank and other records. Read the Story. All too often small nonprofits like …