Fraud In Nonprofits; The Ugly Truth

Рет қаралды 5,764

Күн бұрын

'There's a lot of losses going on' says Jennifer Alleva, CPA, YPTC.com. This Nonprofit Power Week episode will help nonprofits identify what often happens and how fraud can be reduced with a focus on three key things.
This is a Power Week Episode focusing on all things financial and accounting with the nationally recognized nonprofit accountants, Your Part-Time Controller.
If you lead or work for a registered nonprofit 501(c)(3), are just working for a good cause or charitable purpose--or are thinking of starting a nonprofit--, The Nonprofit Show is an excellent resource of current nonprofit information and strategies. Each weekday there is a new guest on the fast-paced 30-minute LIVE show-- from nonprofit boards, foundations, volunteer managers, donor relations, fundraising experts, NPO marketing consultants, grant writers, philanthropic donors, nonprofit legal and compliance professionals, online and digital nonprofit software and apps providers, Nonprofit CRM programs, charity tax expertise, virtual galas, charity auctions and online nonprofit charity event programs, NPO strategic planning, fundraising and fund development, fiscal sponsorships, capital campaigns, donation management, nonprofit jobs and human resource leaders, nonprofit classes and training, global NGO organizations, and nonprofit sector Thought Leaders.
#nonprofitfraud #nonprofitaccounting #nonprofitmanagement

Пікірлер: 34

@danielhylden6118 2 жыл бұрын

My largest Fraud case as a CFE was over $3 million dealing with an orphanage in Africa. Thank you for sharing

@teff1702 2 жыл бұрын

Tell me more

@norione8812 Жыл бұрын

Wow and how did it go

@gardensofthegods 9 ай бұрын

Today I just heard that THORN , the nonprofit by Ashton Kutcher spent 80% of its $14 million on its staff ! I would love to know exactly what their staff do .

@asahisagoiboi3517 Жыл бұрын

Reporting non-profit fraud is very hard. I had to go to different law enforcement agencies for someone to care. You can steal 200 dollars sneakers and have 4 police cars chasing you. But if you steal a million dollars from the homeless you will have a six figure salary living in a gated community. Some of these non profits are politically connected.

@jeigee Жыл бұрын

You hit the nail... politically connected. That's how this works.

@sitori663 Жыл бұрын

Or if it is a religious / Christian based nonprofit scamming. The ED of a local nonprofit homeless shelter - a Minister of a local church - was caught skimming from the homeless shelter, charged & convicted. Worked out a deal with the local prosecutor. The guy was welcomed back to the church community, the city organizations, and even got involved in another nonprofit! Nonprofits are the ideal vehicle for criminals.

@nmHispana 11 ай бұрын

@@sitori663 I found out recently that a former landlord whose a pathological liar and and an exploitive greedy psychopath had a 501C3 charity with a Baptist title in Texas and it was shut down in bad standing.

@gardensofthegods 9 ай бұрын

Yes I haven't watched this yet but heard today that THORN , the nonprofit by Ashton Kutcher spends 80% of its 14 million on its staff and I have to wonder who the staff are and exactly what they do !

@caminoavila1569 Жыл бұрын

I was involved in one and I saw ALOT ..idk where to begin.

@the_nonprofit_show Жыл бұрын

We hope this learning episode can be helpful to others to reduce fraud. Thanks for being a fan!

@nmHispana 11 ай бұрын

Did it also have attorney's within their org, because nearly all of what's passing itself off as a non profit around here do and they are not only pathological liars, but extremely dismissive and abusive, especially the one they have within the legal aide.

@caminoavila1569 10 ай бұрын

@@nmHispana no not this nonprofit I’ve been in. They partner with law enforcement though and always try to involve overseas politicians to gain recognition and hope for big grants.

@gardensofthegods 9 ай бұрын

@@caminoavila1569 Is it THORN ? Ashton Kutcher's nonprofit which uses 80% of its money for its staff ?

@gardensofthegods 9 ай бұрын

Please please do your best to either make a vid or write about it in detail so people will understand how they really operate and how they got away with what they were and are and will continue to do . This is so important and you're saying they have law enforcement involved , my God . Please do your best to tell us about it when you can

@user-dn9vd9xg9p 4 ай бұрын

Most of the ways nonprofits become multimillionaires are actually legal routes thru grant funding directly or indirectly or on the back end of invoicing for reimbursements from grant funding. Many nonprofits can have many subsidiaries and receive grant funding thru each one tripling or quadrupling from same grant.

@user-dn9vd9xg9p 4 ай бұрын

Our state allows such linenecy on HMO nonprofits. A joke. These gated communities can have millions$$ in their HMO account and pay every member in their families and they live off the HMO and dont have to work..

@rublar75 2 жыл бұрын

What is the Executive Director is the shady one? How do you unanimously report things you know are being abused?

@the_nonprofit_show 2 жыл бұрын

That is a challenge. Perhaps begin by reaching out to the Board Chairman or board member?

@gardensofthegods 9 ай бұрын

@@the_nonprofit_show Well I just heard today that THORN , the nonprofit by actor Ashton Kutcher spent 80% of its $14 million on ITS STAFF ! ... and I would love to know what its staff do . I won't be contacting them , though ; I'll leave that to somebody who already has some expertise dealing with corrupt nonprofits .

@kevinmckinney3785 8 ай бұрын

I send out small small donations. I truly believe that part of the process of a non-profit is to instantly send out another donation request to me as soon as my check arrives in their mailbox I have seen it too many times and all I need to do is check my checkbook register and I see that I just donated. 2nd request into the shred pile. I feel they are playing on old people that will not catch the fact they already donated. I also use a gel ink pen to write my check. No way credit or debit cards.

@the_nonprofit_show 8 ай бұрын

Thanks for the input Kevin. Feedback is helpful. And thanks for being a fan of the Show too!

@gardensofthegods 9 ай бұрын

But two people could be working in cahoots at an organization and both be dishonest together ... I'm sure it happens a lot but at least creates a little less room for dishonesty than one person working alone with the funds .

@gtron7692 7 ай бұрын

I agree, my philosophy is the more people, the more potential chaos.

@gtron7692 7 ай бұрын

Thanks for your video. I have a small nonprofit medical service and I got ripped off by the office doing my medical billing. It happened during my first two years in business while I was just starting out. It was pretty devastating and I seriously thought about packing it in. Anyway, I'm doing my own billing now, which is another whole specialty to learn but as long as I'm on this side of the dirt, I guess I'll keep working at it.

@the_nonprofit_show 7 ай бұрын

Hard lessons to learn. Hopefully the Show helped prevent another occurrence! Reach out to YPTC.com to get help if you need it. Thanks for commenting.

@gtron7692 7 ай бұрын

@@the_nonprofit_show Thank you. Unfortunately, dishonesty in medical billing can be so difficult to identify for the medical providers. I feel very lucky I figured it out earlier than later. It's so difficult finding really ethical people to work with. Oh well, what else is new, right?