The Better Business Bureau (BBB) advances marketplace trust. They built their reputation in the business sector, elevating consumer’s trust in products and services. They now offer an accreditation for charities.
Why accredit charities? Donors increasingly seek out third-party information on nonprofits prior to giving and this, in turn, places an emphasis on nonprofit management. Donors can be assured that a charity with the BBB accreditation is a charity in good standing utilizing best practices.
BBB Charity Accreditation elevates best practices for the Estes Park nonprofit community. The standards covered in BBB trainings include:
Charity Evaluation Introduction
Nonprofit Governance & Oversight
Measuring Effectiveness of your Nonprofit
The first five standards pertain to your governing board as they have the ultimate oversight authority for your charitable organization. These standards seek to ensure that the volunteer board is active, independent and free of self-dealing. We will present tips for building an effective and competent board and the tools you need to do so.
The “finances” section of BBB Charity Accreditation seeks to ensure that the charity spends its funds honestly, prudently and in accordance with statements made in fundraising appeals. This comprehensive session will take a deep dive looking at:
We will then focus on financial statements prepared in accordance with generally accepted accounting GAAP principles, accurate expense reporting of charity’s expenses including any joint allocations, and reviewing your current fiscal year annual budget showing expense totals for programs, fundraising, and administration.