While nonprofit success is measured in more than just dollars, board members must maintain a close eye on the financial direction of the organization and its economic stability if they are to truly fulfill their responsibility. This session will help board members gain a basic understanding of their financial stewardship responsibilities and give them a starting point for comprehending key financial data.
Participants will learn about:
- Protecting the Nonprofit
o Asset protection
o Internal controls
o Risk management
- Managing the Nonprofit
o Understanding financial statements
o Creating a budget
o Board and management reporting
o Investment management
Target Audience: Board Members, Executive Directors, Financial Staff, Finance Committees and those interested in learning about becoming a volunteer board member
About the Presenter:
John Craven is an FCA who has held senior financial/investment roles in a broad cross-section of industries—multi-national publicly traded companies, not-for-profit organizations, government and education. He has over 20 years of experience in senior finance positions with London Life and Canada Trust. He also held the senior finance position for St. Joseph’s Health Care Foundation, London for 4 years. During his business career he volunteered for several not-for-profit boards and committees, focusing on investment and finance responsibilities His recent volunteer experience includes chairing an investment committee with responsibility for approximately $100 million in invested assets. John is also a regular presenter at not-for-profit forums and seminars. John is currently a Principal with Craven Consulting Group, where he provides financial, investment and governance advice to both profit and not-for-profit organizations.
Generously supported by the City of London
Thank You to Our 2015 Professional Development Sponsors