Nonprofit Finance 101 – Presented by Tom Butero – September 21, 6:00-8:00 pm
Your budget is your blueprint for success. In tandem with its strategic plan, a nonprofit’s budget is its most important planning tool. But where does a budget come from? What drives it? Find our more when Tom Butero explains budgets and financial management, from day-to-day operations to annual requirements, at the Legal Center for Nonprofits, 412 County St., New Bedford, on Sept 21, 6:00-8:00 pm. $10 per person. Call (508) 264-5996 or email Linnea@LegalCenterforNonprofits.org to register.
Looking Ahead – watch for details, coming soon!
- Board Basics, with Linnea – September 27
- Get That Government Grant , with Tom Butero – October 12
- Grantwriting, with Robin Cabral – in 2 sessions — October 18 & 25
- Onboarding New Board Members, with Linnea – November 2
- How to Ask for Money returns on Wednesday evening, November 16, with Robin Cabral & Laur Schaberg
- Employment Law Update for Nonprofits in November
And don’t forget Get on Board SouthCoast! Visit here for details.
Save the date! November 9 – Get on Board South Coast
A first time event to connect local non-profit organizations and public boards/commissions with prospective board members. Presented by the Legal Center for Nonprofits and Leadership SouthCoast, and taking place at The Cove in Fall River from 4:30-7:00 p.m. More details coming soon!
Wednesday, April 13, 6:00 – 8:00 pm
Do you have a great idea that will help your community? Maybe it should be a nonprofit! We’ll discuss the difference between nonprofits & for-profits, some preliminary considerations before you take action, and an overview of the steps in the process of getting a nonprofit up and running, with a quick look at getting tax-exempt status. Join us at the Legal Center for Nonprofits, located inside the Inter-Church Council House at 412 County Street, New Bedford, MA. Cost to attend is $10 per person. Pre-registration is recommended. Call (508) 264-5996 or email to Linnea@LegalCenterforNonprofits.org for more information or to pre-register.
Sharing Your Message Online Part 3: Twitter & LinkedIn
April 6 at 6:00 pm
Have you discovered how Twitter and LinkedIn can boost your nonprofit’s visibility? Twitter is the cutting edge for news and information, while LinkedIn offers a virtual network that increases your nonprofit’s professional reach. Find out how to use these essential social media tools to advance your nonprofit when Catherine DeTerra, Vice President for Marketing & Grants Development at Old Colony YMCA, discusses Twitter and LinkedIn, as Part 3 of her series, Sharing Your Message Online, on Wednesday, April 6, at 6:00 pm, at the Legal Center for Nonprofits, located inside the Inter-Church Council House at 412 County Street, New Bedford, MA.
Cost to attend is $10 per person. Pre-registration is recommended. Call (508) 264-5996 or email to Linnea@LegalCenterforNonprofits.org for more information or to pre-register.
Nonprofit boards of directors are responsible for risk management in their organizations. Larger nonprofits may have staff to carry out the risk management function, but for most small nonprofits, this falls to the board of directors, with the assistance of the executive director if there is one.
What is risk?
At its simplest, “risk” means “the possibility or chance of loss, danger or injury”. Risk generally involves harm of some type along with uncertainty. To manage risk, the board must identify:
- What can go wrong?
- Can it be prevented?
- Can we insure against it?
Some sources of risk include:
- Program, such as providing professional, such as counseling or child care, or other services, classes (art, music, cooking), etc.
- Accidents, slip-and-fall, motor vehicles; transporting students, etc.
- Acts and omissions, such as failure to warn of a danger, defamation, failing to perform an act or service, etc.
- Breaches of duty, particularly with regard to board members’ fiduciary duties.
- Employment, such as discrimination, wrongful discharge, other personnel actions. (Most claims against nonprofits derive from employment matters.)
- Finances, such as mishandling or misappropriation of funds.
- People, volunteers, clients, contractors, the public, etc.
- Disasters, natural or otherwise.
Insurable risks include:
- Loss of assets
- Interruption of service
Unininsurable risks include:
- Loss of audience or membership.
- Loss of funding, such as cuts to state budget, or termination of a grant.
- Social or scientific changes that eliminate the need for a service (e.g., March of Dimes).
- Increased competition.
A key component of every nonprofit’s risk management program is insurance. Join us for a presentation by Jeffrey Pelletier, Commercial Account Executive with the Sylvia Group, as he explains the particular insurance needs of nonprofits on Wednesday, February 24, at 6:00 pm, at the Legal Center for Nonprofits, located inside the Inter-Church Council House at 412 County Street, New Bedford, MA. Cost to attend is $10 per person. Pre-registration is recommended. Call (508) 264-5996 or email to Linnea@LegalCenterforNonprofits.org for more information or to pre-register.
Does your Board of Directors need a refresher on tax-exempt/nonprofit topics like fiduciary duties, the role & responsibilities of boards, best practices for board meetings, or another topic of particular interest to your nonprofit organization?
Contact us for more information about affordable customized trainings for your board delivered at your location.
Congratulations to our clients who have recently been recognized by IRS as 501(c)(3) public charities:
Hearts 4 Paws, Inc.
Veterans Guardian Angels, Inc.
World Coming Together to Make a Difference Incorporated (WOCOTOMADI)
These organizations may receive tax-deductible donations!
Help us to build a better tomorrow in the Southcoast— please make a gift to LCN so it can continue to unleash the power of nonprofits in our community.
As one organization assisted by LCN said, “When we began our quest to become a nonprofit organization, the Legal Center for Nonprofits was there….without them our food pantry would not exist.” (St. Anne’s Food Pantry)
LCN has worked with more than 60 organizations doing transformational work in SouthCoast and beyond, through its legal services and educational programming. Organizations we’ve helped include:
- Youth organizations
- Community improvement
- Animal rescue and shelters
- Food pantries
- And many others…
When you support LCN, you are supporting the entire nonprofit community in the SouthCoast. You are helping nonprofits achieve the fullest expression of their missions. Their success strengthens our entire community.
On Giving Tuesday, December 1, support the Legal Center for Nonprofits and you will support many other nonprofit organizations serving the SouthCoast region of Massachusetts. Through our educationally focused work with nonprofit clients, both start-ups and established, we help build capacity in the region’s nonprofit community.
Our client organizations include youth organizations, schools, veterans, community improvement, animal rescues and shelters, and food access. Touch all these organizations and more with one tax-deductible gift.
It’s Giving Tuesday! Please give to support the Legal Center for Nonprofits! Use your credit card and donate via PayPal.