An ON-DEMAND CLE program:
LINC: Nonprofit Financial Literacy and Competency
1.5 CLE credit approved.
MBCLE event code: 218167
The core "duty of care” that is required of nonprofit board members assumes that board members will be good stewards of the nonprofit’s finances. Unfortunately, many lawyers will privately – and sometimes publicly – admit to a fundamental lack of understanding of nonprofit finance. Gaining comfort with the numbers side of nonprofit board service is essential for lawyers who aim to adhere to their duties under the law and who aspire to exemplary board service. Topics include budgeting, and budget oversight, financial statements, restricted vs. unrestricted funds, insurance, and 990s.
Featuring: Kate Barr, Executive Director, Nonprofits Assistance Fund
Kate oversees Nonprofits Assistance Fund's strategic plans, development, loan capital, outreach, and program activities for the loan funds. Under her leadership, the organization has emerged as a premier financial management resource in Minnesota by providing training, strategic financial counsel, and loans to the nonprofit community. Prior to joining the Nonprofits Assistance Fund, Kate served as Senior Vice President of Riverside Bank where she was responsible for strategic planning, marketing, and community development lending. With her unique insight and experience, she is a popular speaker, trainer, and writer on nonprofit management and financial issues. Kate holds a Master's degree from Hamline University and is currently a member of their adjunct faculty. She serves on the boards of directors of the Neighborhood Development Center, Partners for the Common Good, Western Bank and the Cultural Data Project.
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