Friday, June 13, 2008

Duties of a Nonprofit Treasurer and Chief Financial Officer

Nonprofit organizations commonly charge the Chief Financial Officer of the board with many of these duties, however, the specific rules are different from NPO to NPO. The expectations and rules should be spelled out in the company’s bylaws. Even if the organization employs the services of an accountant, the CFO will typically summarize and present financial information to the board at regular meetings.