Click to view this email in a browser

Banner 658x200 Text Large

formerly Financial Stewardship Resources
large_box_top.gif

Welcome to our first eNewsletter

Kathy De Young, Executive Director
If you're anything like me, several newsletters come into your email box each month and it is often hard to read them all. So, we plan to be concise and get right to the point. Our newsletters are designed to encourage board members to start thinking and talking.

Last month our large statewide board training event opened with a keynote presentation on Risk Management by Melanie Herman, Executive Director or the Nonprofit Risk Management Center (Leesburg, Virginia). It motivated us to move the topic to the top of our newsletter list. Identifying and handling risk often seems like an overwhelming job, but it is key in protecting you and your organization.

As always, we enjoy hearing from you about topics and issues you feel are important or are challenging to your board. If you feel others can benefit by this newsletter, please feel free to forward it.

Happy Reading!
Katherine DeYoung, Executive Director
large_box_bottom.gif
spacer.gif

10 Minute Board Exercise

Risk Management thumbnail w border
Each month we will be bringing you a 10 minute exercise that will help get your board talking about some very important issues. This exercise can easily be incorporated into your upcoming board meeting. 

This month we have developed a short exercise to encourage your board to work through the process of identifying risks. 


Risk is anything that threatens the ability of a nonprofit to accomplish its mission.


Tips from the Pros

How Will You Survive a Data Security Breach?

Cyber Insurance might not be optional anymore


When it comes to a data security breach, it isn't as much a matter of if it will happen as whenHow prepared is your organization for:

  • Identity theft resulting from lost or stolen credit card information of your donors or Social Security and/ or driver’s license numbers of your staff or volunteers?
  • Cost related to privacy notification, crisis management, and disaster recovery?

The costs of data security breaches can be significant. According to the Ponemon Institute’s 2011 Cost of a Data Breach Study the average cost  was $194 per compromised record.


By Steve Uerlings, President, Barker-Uerlings Insurance


Real Boards In Action

Each month on our website we will feature a story from an actual nonprofit board. Be sure to read about how the board at Chamber Music Amici is managing reserve fund risks.


According to the Nonprofit Association of Oregon, only 23% of Oregon nonprofits have a reserve set aside to cover more than six months of operations.


CMA Photo 1

[Read the article...] Interview with Sharon Schuman, Board Member


Tell Us Your Story: To have your board's story featured, email us through our Contact Us page or at TheCenter@nonprofitsteward.org.


We're Coming to Prineville
Prineville 2013 Brochure ThumbnailNonprofit board service is a vital and rewarding responsibility, and yet can seem daunting at times. Our instructors will demystify board service and offer energizing workshops to build your confidence and skills as a board member or officer. 

Join other nonprofit leaders for a day of learning and networking at our Central Oregon Board Training on 
April 13, 2013 in Prineville, OR

Keynote presentation:  
"The Shape of Things to Come"  
Roger Lee, Executive Director of Economic Development for Central Oregon (EDCO). 

The 2013 Training Calendar is out! Be sure to 
sign up for our print mailing list.


Important Reminders

Mileage Rate Change
  • For those of you who use the IRS mileage rate to reimburse employees for travel, the new rate for 2013 is 56.5 cents per mile.
Filing Requirement Due Dates
  • March 15, 2013: IRS Forms 990 (990, 990-EZ, 990-N) for organizations with October 31, 2012 fiscal year ends.
  • Oregon Dept. of Justice: Form CT-12 due for 501(c)(3) organizations with above year end.
IRS Tip
  • When issuing receipts for charitable giving, the organization must note on the receipt that  "no goods or services were provided by the organization in return for this contribution". Without that piece of information, the IRS will not allow the charitable deduction should a tax return be audited. Don't put your contributors at risk. IRS Publication 1771


Resources Library

Visit the Risk Management section of our 
12380949_xxl
Resource Library for links to relevant resources to help you identify and manage potential risks in your organization.

11213095_xxl
Also look for the below websites in our Relevant Websites section for more risk management information:
  • Nonprofit Risk Management Center 
  • Nonprofit Accounting Basics

Learn more about legal, financial, and management strategies to 
protect your nonprofit and move forward to achieve your mission.
The 5th Edition is available now!
Tel: (541) 929-9320
Mail: PO Box 1600, Philomath, OR 97370
Email: TheCenter@nonprofitsteward.org
Website: www.nonprofitsteward.org



If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe

Center for Nonprofit Stewardship
PO Box 1600
119 S 16th St
Philomath, OR 97370
US

Read the VerticalResponse marketing policy.

Non-Profits Email Free with VerticalResponse!