Nonprofits First
Nonprofit Financial Management Network - Truth About Theft in Nonprofit Organizations
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3/23/2018
When: 03/23/2018
8:30 - 11:30 am
Where: Children's Services Council of Palm Beach County
2300 High Ridge Road
Boynton Beach, Florida  33426
United States
Contact: Shari Hanglan
(561) 214-7435


Online registration is closed.
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This workshop will address the role of boards and staff in  preventing fraud and theft, as well as examining some of the ways that nonprofit insiders can steal, misappropriate or divert organization funds, along with some of the tools which can discover and deter such actions. 

One of the most difficult, and disheartening, situations a nonprofit organization will face is when they have discovered that the organization’s funds have been embezzled, most commonly, by an insider.  The single greatest asset of any nonprofit organization is its reputation in the community.  When theft or misappropriation of assets is reported or even suggested, plummeting public confidence spreads beyond the affected organization and endangers future support for other nonprofits as well.
 
A Washington Post investigative published in 2013 discovered that from 2008 to 2012 over 1,000 nonprofit organizations had indicated on their federal 900 disclosures that they had discovered a “significant diversion” of assets, attributed to theft, investment fraud, embezzlement and other unauthorized uses of funds.
 
A 2004 report from the Association of Certified Fraud Examiners examined 58 nonprofit groups, finding that employee fraud was responsible for taking nearly $30 million from their organizations.  They also found that a significant number of organizations did not pursue criminal charges against employees suspected of taking money.


Presenters:

John Foley, Esq.
Nonprofit Legal Assistance Project
Legal Aid Society of Palm Beach County, Inc.


Kate Grangard, CPA, CGMA
Chief Operating & Financial Officer
Gehring Group

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