With today’s uncertainty and volatile economy, all organizations are at peril for becoming less important in the eyes of their stakeholders. The current pandemic has left no rock unturned. Not-for-profit entities are as “at risk” similar to other organizations. In this time, ensuring your stakeholders trust your organization, believe in your ethical principals’ and embrace your governance policies will be key factors to surviving and thriving during this time. Not-for-Profit’s exist for a mission. It is critical they obtain the public’s trust. This is done through commitment to ethical principals’, transparency and accountability.

This session reviews a number of leading practices for considering conflict of interest (COI), financial transparency and governance processes for a Not-for-Profit (NFP).

Learning Objectives
  • Explore and examining accountability and code of ethics for a not-for-profit.
  • Identify and exploring concepts important in a conflict-of-interest policy.
  • Explore and examining the criticality of cybersecurity risks.
  • Identify and exploring required record retention protocols.
  • Explore ethical fundraising and ethical leadership.
  • Discover and examine concepts important to executive compensation in a not-for-profit.
  • Identify the necessity of financial management and financial transparency for the not-for-profit.
  • Explore the concept of internal controls and public disclosure in a not-for-profit.
Last updated/reviewed: March 24, 2024

Included In Certifications

This course is included in the following Certification Programs:

  1. Introduction to Not-for-Profit Entities
  2. Introduction to Accounting for Not-For-Profit Entities
  3. Identifying and Implementing the Proper Balance of Internal Controls
  4. Segregation of Duties for Core Business Processes
  5. Bookkeeping: Journals, Subsidiary Ledgers and General Ledger
  6. Bookkeeping: Payroll And Expenses
  7. Bookkeeping: Accounts Payable/Accounts Receivable And Receipts
  8. Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
  9. Management Internal Control Essentials
  10. Financial Statement Essentials for Not-for-Profits
  11. Not-for-Profit Financial Statements Part 2
  12. Not for Profit Financials - Focus on Net Assets
  13. Cyber Risk in Small-Medium Entities
  14. Fraud in Small-Medium Entities
  15. Not-For-Profit Accountability and Responsibility
19 Reviews (93 ratings)

Reviews

5
Anonymous Author
Very good review of NFP policy. Most professionals serve on boards and this is valuable information pertaining to their roles. I serve on several boards and this has given me insight into a few things I will investigate further to ensure compliance.
5
Anonymous Author
Excellent course, instructor does a great job clearly stating the importance of NFP to create and adopt strong internal controls. The information relating to Whistleblower and document retention/destruction policies is very important.
5
Member's Profile
I appreciate the reminder to establish a conflict of interest policy with the members of our board. Also, the call to action to have a document destruction policy in order to protect sensitive employee personal information.
5
Anonymous Author
As always Lynn does a great job in touching key points and keeping it interesting. This was a great overview on key areas such as Conflicts of Interest, Whistle Blower Policy, Document Retention & cybersecurity.
5
Anonymous Author
High Level overview of NFP considerations that would be useful in creating a structural framework when setting up a new NFP or to evaluate if any pertinent areas are being overlooked in an existing NFP.
5
Anonymous Author
Provided good information on items all Non profits should be thinking about. There were are a few links to provide additional resources. The course is up-to-date with current cybersecurity issues.
5
Anonymous Author
The presenter did a good job in explaining the topic. My experience has been in the for-profit sector, so it was interesting to compare that sector's guidelines with NFP guidelines.
5
Anonymous Author
Coming from a for-profit background, I especially appreciated the information on where I can go for resources (National Council of Non-Profits, etc.).
5
Member's Profile
Very good pace and informative - a must for NFP executives and team members. Lynn is an excellent instructor and I highly recommend her classes.
5
Member's Profile
The quality of the video was not good. It was apparent where the instructor stopped and restarted the recording, and the video kept buffering.
5
Anonymous Author
Both the instructor and the materials are on point. It would be nice to have some more variation in the presentation method.
5
Anonymous Author
Another great course for those auditing or managing NFPs! Examples and considerations discussed are on point!
5
Anonymous Author
Excellent overview of responsibilities and accountabilities for not-for-profit companies.
5
Member's Profile
Good overview of areas where non-profits can improve their accountability.
5
Anonymous Author
Excellent course that gets right to what is most important, at a high level.
5
Anonymous Author
Great course for beginners. I would recommend for anyone as a refresher.
5
Anonymous Author
Meaningful and informative review to help us in our NFP audits.
5
Member's Profile
some very useful considerations to look for in our NFP audits
5
Anonymous Author
useful, helpful, good high level overview of relevant info
show all reviews
Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to courses@illumeo.com.
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Not-For-Profit Accountability and Responsibility4:00
  Accountability10:51
  Conflict of Interest6:17
  Cybersecurity9:33
  Document Retention5:16
  Ethical Fundraising and Ethical Leadership Executive Compensation7:27
  Financial Management and Financial Transparency7:20
  Internal Controls Public Disclosure and Summary10:22
CONTINUOUS PLAY
  Not-For-Profit Accountability and Responsibility1:01:06
SUPPORTING MATERIAL
  Slides: Not-For-Profit Accountability and ResponsibilityPDF
  Not-For-Profit Accountability and Responsibility Glossary/ IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam