Not for Profit

A Not for Profit Christmas Story

A Not for Profit Christmas Story

It’s a “real life” Christmas story for members of the Board of Chicagoland Toys for Tots.   According to a Chicago Sun Times report  (12/20/11), the story began in April 2011 when the Board learned that at least $25,000 had been embezzled.  Ordinarily, the charity buys about 20,000 toys each Christmas and distributes them to Chicagoland’s […]

Something NFP board members need to know about insolvency…

It’s not unusual for not for profit board members to fail to scrutinize the financials. This isn’t good.  There are likely several reasons why this routinely happen.  After all, many NFP directors: are not compensated for their work; see their primary responsibility on the board as attracting new members, helping to seek more contributions and […]