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Ep. 11 - Nonprofit Finances
Manage episode 390332503 series 3494933
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Rick Dahlseid, who serves on the Executive Management Team of PBO Advisory Group leading the Nonprofit Division, presents an interesting acronym to our host May Harris that he shares when teaching nonprofit financial management courses at UCSD. He refers to an acronym called M.A.R.L.I.N. The idea is that it is beneficial for nonprofit boards to have specific individuals on their board, starting with “M,” a Marketing Professional. Rick takes us through the initials, touching on all the pieces that make a board successful. May and Rick also share their thoughts on volunteering in the community and assisting nonprofit organizations.
IN THIS EPISODE:
[1:11] Rick shares his background in the nonprofit sector
[2:24] Rick explains that he teaches classes at the University of San Diego and the University of California at San Diego
[4:28] Rick discusses when a nonprofit should engage a fractional CFO
[5:52] Rick tells how a PBO serves nonprofits and other entities
[7:28] Rick shares some details of the boards he has served on and describes the acronym he uses to cover board membership
[11:55] Rick encourages listeners to volunteer in ways to give back to the community and nonprofits
KEY TAKEAWAYS:
[2:24] The University of San Diego offers a certificate program in their nonprofit institute.
[3:33] There can be a fractional CFO in a nonprofit organization.
[4:28] When a nonprofit in California exceeds 2 million dollars, it must have an audit.
RESOURCES:
For Profit Law Group - Website
ABOUT THE HOST:
May Harris has been a pioneer of nonprofit law practice for over a decade, having founded For Purpose Law Group in April 2012. She serves the nation's nonprofit sector with unparalleled expertise, prioritizing her client's missions, visions, and values. She specializes in nonprofit & tax-exempt organizations, social enterprise & business law, and estate planning & charitable giving.
GUEST BIOGRAPHY:
A Certified Public Accountant with a master's degree in Taxation, Rick is a financial expert by training and trade. His lead-servant perspective and warm personality give him an advantage in perfecting corporate vision and financial operations to ensure operational efficiencies. Rick enjoys sharing his ideation strength to plan and introduce enhanced operational and cost control initiatives to drive greater social awareness and mission impact. Rick has served as a leader, mentor, trusted advisor, and proponent of positive, productive organizational change in many types and sizes of organizations. Rick has unique expertise in the nonprofit area and has served in the Chief Financial Officer position for the past 18 years in healthcare, human services, arts and culture, environment, children’s initiatives, higher education, and affordable housing. He is employed by and serves on the Executive Management Team of PBO Advisory Group, leading the Nonprofit Division. Rick was honored to be named 2021 San Diego Man of Influence and a finalist in the respected 2020 San Diego Business Journal’s CFO of the Year awards.
Rick is a Financial Executives International board member affiliated with the Financial Executive Networking Group and the CFO Roundtable. He is active in his church and enjoys exploring San Diego along with his wife, Denise, who is 42 years old.
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