4 ms·
Ok, separate from the fraud, this guy wrote a personal check instead of using the organization's funds to pay a state fee? That feels pretty sloppy for somebod
by technothrasher 4y ago
Ok, separate from the fraud, this guy wrote a personal check instead of using the organization's funds to pay a state fee? That feels pretty sloppy for somebody running an organization "dedicated to improving financial literacy." While clearly innocent and done just for convenience, taking short cuts with a 501(c)(3) org is a bad idea. To keep the accounting straight, he'd end up having to get them to do up donation paperwork on it, which removes his goal of not bothering people over a small amount. Otherwise, it's co-mingling of funds.
- pilotneko 4y agoHe just ate the cost. It’s five dollars.
- hayyyyydos 4y ago> To keep the accounting straight
- PopAlongKid 4y ago> I decided it was simpler to pay the fee myself, rather than bothering Ben Holland (Treasurer for the Center) to have the Center pay the fee. But what does Ben Holland say? Yes, it is very sloppy to say the least. I recently completed a two-year term as the treasurer for a non-profit professional association, and I would have been highly peeved had one of the other board members gone ahead and done this without first "bothering" me. It is the treasurer's job to make sure essential payments are made and recorded on the books. Also, while my org does both make and receive payments electronically, we also have highly fraud-resistant business-style checks (watermarks etc) for times when check payments were easiest or required.