A classic example of board leaders acting badly because there is no oversight by other board members, just happened in New Jersey. A little league board President and Treasurer teamed up and took over $100k from the organization. How did they do it? None of the other board members were overseeing the organization’s finances and business.
There was no framework available for the board members to do so. The President and the Treasurer had all the organization’s bank and other records, so they took what they wanted without anyone looking. Some might say that the board was derelict in its duty to the organization by not putting a system in place to be able to do so. Now they shouldn’t wait.
Applications like Office of the Board can be up and running in minutes and cost as little as $360 a year. If the youth sport’s board had an Office of the Board, the President and Treasurer could have been deterred, spotted and/or stopped.
Whether you’re a member of a youth-sport’s board, booster board, homeowners’ association, condo, coop board, church board, nonprofit board, or any other board run by volunteers, do not make the same mistake that these other boards made. Oversight and transparency are really easy to have immediately. Read about the NJ little league board.
