When:
Wednesday, December 2nd, 2020 at 4 pm EST
Topic:
A recipe for basic financial management and reporting for small Refuge Friends organizations.
What We Will Cover:
Overview of financial responsibilities and risks for board members
Incorporation, what is involved?
Approval by IRS of public benefit Corporation status
How to recognize unrestricted, donor-restricted, and board designated funds
Critical information to be captured for each expenditure and approval of expenditures
A simple way of tracking financial transactions using spreadsheets
Financial reporting requirements (monthly and annually)
Activity reports (P&L) from your spreadsheets
Financial position (Balance sheet) from your reconciled checkbook
So what is next: operational reserves and annual budgets
Who:
Treasurer and other board members of Friends groups with gross receipts of less than $50,000. These are the Friends organizations that are allowed to file a simple 990N annual report with the IRS.
Creators of the webinar content:
Willem Stoeller, treasurer of the Friends of the Tualatin River National Wildlife Refuge Complex and Keith Palevsky, team member of our financial committee.