Financial Responsibilities of a Non-Profit Board

The number one job, and often the most puzzling and perplexing, of every board member is to understand financial statements and maintain the financial health of their organization. Board members must ensure that the organization is well-managed and that its financial situation remains sound.

This workshop will help you gain a better understanding of your financial responsibilities as a board member, mitigating the risk to both you and the organization, and ensuring the financial health of the organization. You will learn basic skills in financial management including understanding budgets, interpreting financial statements and writing financial policies.

Topics Covered Include:

• Key roles and responsibilities regarding financial management
• Understanding and analyzing financial statements
• Basic financial terminology
• How to read a budget, monthly income reports, and the balance sheet

Who should attend?

This workshop is recommended for board members of a non-profit organization who would like to develop a better understanding of their financial responsibilities

Facilitator:

Kevin Freedman is a long-time leader in the non-profit sector and has written the book on non-profit governance in Canada. He is the founder and principal consultant at The Governance Guru where he helps boards do their jobs better through training, facilitation, and support. Before starting his business, he spent several years teaching in the Faculty of Business and Economics at the University of Winnipeg, and specialized in teaching courses on non-profit management, corporate governance, and organization behaviour. A former executive director, he has more than 60 years of cumulative governance experience with public, non-profit, and private organizations locally and nationally, including sitting the boards of the largest credit union in Manitoba and the largest school division in Manitoba.

Kevin is also an award-winning volunteer and educator, having been recognized with a Governor General's Medal for service and the YMCA Peace Medal among others. Kevin holds a master's degree in non-profit management, is an Accredited Canadian Credit Union Director, and is an active member of the Canadian Association of Public Speakers. He has been teaching with Volunteer Manitoba since 2016 and developed most of their governance courses.

Location:

In Person: This workshop will be held at145 Pacific Avenue, Winnipeg, MB, R3B 2Z6 (Sport Manitoba)

Accommodations - In Person Events:

Volunteer Manitoba strives to host inclusive, accessible workshops that enable all individuals to engage fully, and we recognize that everyone performs at their best when they are given the right tools to succeed. If you require any accommodations to support you in your learning journey, please indicate so on the registration form. We will do everything in our ability to support you.

Volunteer Manitoba is committed to accommodating individuals with sensitivity to scented products. Participants are kindly asked to refrain from using perfume, cologne, aftershave, or other fragrances to create a fragrance-free environment.

Course Cancellation Policy

Volunteer Manitoba may decide to cancel or postpone any event where the minimum registration level has not been met. In the case of low in-person registration, Volunteer Manitoba may decide to host the workshop virtually instead. If you wish to not participate virtually, you will receive a full refund.

All participants registered for an event that is cancelled by Volunteer Manitoba will receive a full refund.

Refunds will not be issued for cancellations received within 10 days of the event. Registered participants who fail to attend an event are still required to pay for that event, since a space was held specifically for that person. In case of non-attendance and lack of payment, the registered participant will be invoiced for the full fee, due 30 days from the date of the invoice.