Treasurer, Board of Directors
Small Sums: Treasurer, Board of Directors
The role is a pro bono role for Small Sums, a St. Paul, MN-based non-profit. The Treasurer role will:
- make a report at each board meeting.
- chair the monthly Finance Committee
- assist in the preparation of the budget
- help develop fundraising plans
- make financial information available to board members and the public.
Note: Bylaw Section 2 - Terms: All board members shall serve two-year terms, and may serve a maximum of 10 years. All terms start on the 1st day of the calendar year.
Role Description:
The treasurer is responsible for stewarding the organization’s resources for Small Sums. The treasurer ensures records are maintained, reviews financial reports from the staff, and interacts with accountants and auditors to help keep the board informed of financial matters.
Other key responsibilities:
During board/committee meetings:
- Work with board members to address any red flags identified in monthly financial reports and answer questions regarding such reports
- Present annual budget to the board for approval
- Present monthly budget at Finance Committee meeting
Outside of board meetings:
- Review monthly financial reports, compare expenses with budgets and income, and identify and anticipate problem areas
- Interact with accountants and auditors to help keep the board informed of financial matters
- Assist the chief executive or the chief financial officer in preparing the annual budget
- Review the annual audit
- Ensure that assets are protected and invested according to organizational policy
Qualifications:
- Understanding of financial accounting for nonprofit organizations
- Knowledge of financial reports and the organization’s record-keeping and accounting systems.
- Ability and willingness to work with chief financial officer, controller, accountant or bookkeeper, and auditors as necessary
About Small Sums 501(c)(3): Learn more on our website (www.smallsums.org)
Interested candidates, please contact Board Chair Joanna Miller at: hiring@smallsums.org or write to Seth Snyder (Executive Director) at seths@smallsums.org