Finance and Legal

Course Description and Learning Objectives

Finance and Legal is one of nine courses in the UNA Credential Program designed to provide you with the resources you need to make an even greater impact. Nonprofits, by nature, exist to serve the public good. They are obligated to display high levels of ethical behavior, accountability, transparency, and compliance with the law. They also effectively manage the financial resources bestowed upon them and upon which they rely to accomplish their mission.

Donors are increasing their scrutiny of nonprofit entities and requiring more accountability in return for their dollars. And with more nonprofits vying for the dollars available, it has never been more critical to have your nonprofit in legal and financial order. This course will guide help you:

  • Ensure your organization meets its legal obligations and understand how to protect donor information, follow donor intent, and provide tax receipts to donors as applicable.
  • Understand how to create the necessary documentation to show sound financial practices and timely reporting.
  • Integrate best practices regarding technology, data collection and retention of personnel information.

What’s Expected of You

This course is highly interactive and relies on the experiences of each participant. Therefore, it's important you are prepared to contribute to the program. Please be ready to:

  • Bring all required materials to each session. If your organization doesn’t have any of the required materials, the facilitator will provide you with samples to use.
  • Complete the follow up activities after each session and bring questions and concerns to the next session.
  • Complete the Badge Requirements by the deadline. 

BADGE REQUIREMENTS

In order to receive the UNA Finance and Legal Badge, the organization must submit the following items for review:

Articles of Incorporation and Bylaws and Bylaw Review

Organization’s bylaws, including description of voting procedures, number of board members, terms of office, method of removal from office, how bylaws are revised, and description of officers and their duties. Document the most recent review of bylaws, including who was involved in the review and when it occurred.

Policies and Procedures

Policies and Procedures manual or similar compilation of organization’s policies, including code of conduct, whistleblower policy, non-discrimination policy, document retention and destruction policy, and conflict of interest policy. Include date of most recent review of policies and procedures and who was involved in its review.

Training

Document ongoing staff, board, and volunteer training on policies and procedures. A training calendar, a sample of recent training, a document outlining how policies and procedures trainings occur in the organization, a sample volunteer orientation packet, a sample staff handbook or similar proof would satisfy this requirement.

Board Minutes

Document your organization’s method of compiling and archiving the minutes from board meetings. Describe how minutes are taken and by whom, how they are stored, how amendments/revisions are noted and how the minutes are made accessible.

Code of Ethics

Provide a copy of your organization's dated, signed UNA Standards of Ethics or other board approved code of ethics.  

Finances

Document the organization’s financial record-keeping practices.

Financial Oversight

Provide a list of board members or other individual(s) who provide financial oversight to the organization. Note the dates of the three most recent meetings.

Policies Governing Oversight

Charter, policies or governing document denoting the responsibilities and parameters of the financial oversight body or person(s).

Filings

Calendar or checklist of state and federal filings, which includes dates of most recently submissions and upcoming due dates.

Financial Planning/Goals

Provide documentation that the board has concrete long- and short-term financial goals and methods of assessing progress towards those goals. Examples of this may include a financial strategic plan, a list of organizational financial priorities for income and expenses, a financial performance dashboard or similar proof.

Budget

Recent, dated sample of the organization’s working budget.

Donor Acknowledgement

Provide a sample of organization’s donor acknowledgment letter.

Donations

Document your process for accepting and acknowledging monetary, in-kind, and other forms of donations/gifts, including providing tax receipts.

Internal Controls

Document your process for protecting the organization from fraud, abuse and/or negligence. This may include reference to separation of duties, conflict of interest policy, check-signing policies, work of Executive Committee as oversight body and/or similar proof.

Financial Reports Verification

Document how the board independently verifies the accuracy of the financial reports it receives and ensures its financial mandates are carried out. Examples of this may include description of work by financial oversight committee or individual(s) appointed by the board, organizational audit, or similar proof.

NOTE: The documentation on the requirements requesting explanation need not be lengthy. Clear, concise statements on how the organization meets the requirement listed are sufficient. In most cases, three or four sentences should suffice.

Subject-Matter-Expert: Chett Campbell

Chett Campbell is a senior manager at Eide Bailly and has more than 10 years public accounting experience, providing tax and accounting services to clients in various industries, including specializing in nonprofits. Chett leads Eide Bailly’s Utah nonprofit tax group and is located in Ogden, Utah. Chett obtained his masters and bachelors degrees in accounting from Weber State University. Chett has advised nonprofit client’s relative to IRS controversy issues, entity formation as well as guiding nonprofit clients of all sizes through the various compliance issues specific to nonprofit organizations, and Chett oversees the tax compliance for the Utah Nonprofits Association.

Subject-Matter-Expert: Travis Vadnis

Travis has more than 11 years public accounting experience providing services to a variety of industries, including governmental entities, nonprofit organizations, health care organizations and privately-held companies. Travis focuses his passion and enthusiasm much of the year on nonprofit organizations including serving on the board of directors of a local nonprofit organization, most recently as chair.  During his career, Travis has gained experience performing A-133 audits (Single Audits). Travis is a proud graduate of Southern Utah University for both his bachelors and masters degrees in accounting.

Subject-Matter-Expert:  Brent Andrewsen

Mr. Andrewsen is a member of Kirton McConkie's Business and Tax & Estate Planning sections. His practice includes estate planning, probate and trust administration, gift taxation, tax-exempt organizations, charitable trusts and planned giving. Mr. Andrewsen also has advised clients with respect to business matters and has assisted in forming various business entities and transactions. He is a frequent speaker on issues regarding tax-exempt organizations, planned giving, estate planning, and related topics. In addition to his professional work, he has sat on the boards of various charitable organizations over the years. Mr. Andrewsen is recognized as one of Utah's Legal Elite and a Mountain States Super Lawyer for non-profit and estate planning as well as a Best Lawyer for trusts and estates.

Subject-Matter-Expert:  Michael Durham

Mr. Durham is a member of the firm's Tax and Estate Planning section. He has advised some of the nation's largest private foundations, museums, hospitals, high-technology nonprofits, newly formed organizations and donors wishing to structure their gifts to maximize tax savings. Mr. Durham has considerable experience in the rules governing private foundations, private operating foundations, supporting organizations and donor-advised funds, as well as tax-exempt bond issues and unrelated business activities of exempt organizations.

In addition, Mr. Durham has represented large charities before the IRS on audit, seeking initial recognition of exempt status, and in specific ruling requests. He has also represented clients before Treasury and Congress regarding new or pending law and regulations.

  • Course Dates:

    We are planning to present the Finance and Legal course in the fourth quarter.
    Classroom Training Part 1: TBD
    Classroom Training Part 2: TBD
    Consultation*: TBD
    (Your registration includes lunch on both classroom training sessions - but not the consultation day.)

    *Consultations provide participants an opportunity for more deeply integrating the concepts and practices covered in the program.

  • Cost:

    UNA Member Rate: $150 for the first person/$30 for each additional participant
    Non-Member Rate: $300 for the first person/$60 for each additional participant

  • Location:

    UNA Office
    4900 South Highland Drive, Suite B
    Holladay, UT 84117
    (Above Mountain America Credit Union)