Board Treasurer
Status: Volunteer (unpaid), Officer of the Board
Reports To: Board of Directors (typically via the Chair); works closely with the Executive Director/CEO (if applicable)
Term: Typically 2–3 years, renewable once (subject to bylaws)
Role Purpose: The Treasurer provides fiduciary oversight and financial governance leadership to ensure the organization’s financial integrity, sustainability, and compliance with U.S. nonprofit regulations, while supporting operations conducted at a global level. The Treasurer focuses on oversight and strategy, not day-to-day bookkeeping.
Key Responsibilities:
Financial Oversight & Governance
- Oversee the organization’s financial health and sustainability
- Ensure appropriate financial policies, internal controls, and risk management practices are in place
- Monitor financial performance against approved budgets
- Ensure proper handling of restricted and unrestricted funds
Board & Committee Leadership
- Serve as Chair or active member of the Finance Committee
- Report regularly to the Board on financial position, risks, and trends
- Support Board understanding of financial statements and implications
Budgeting & Planning
- Lead or oversee the annual budgeting process
- Support multi-year financial planning and cash-flow forecasting
- Advise on financial implications of strategic initiatives and programs
Compliance & Accountability
- Ensure compliance with:
- U.S. nonprofit financial and reporting requirements (e.g., IRS Form 990)
- Applicable state regulations
- Donor and grant financial requirements
- Support audit, review, or independent financial examination processes (as applicable)
Grant & Funding Readiness
- Support financial readiness for grants and institutional funding
- Ensure appropriate financial tracking, reporting, and documentation for funders
- Advise on financial sustainability and diversification of funding sources
Banking & Controls
- Oversee relationships with financial institutions
- Review and recommend appropriate signing authorities and controls
- Ensure segregation of duties and fraud-prevention measures are in place
Scope of Authority
- Oversight role only; does not execute daily financial transactions
- May be an authorized signatory only if approved by the Board and consistent with internal controls
- No unilateral decision-making authority over expenditures unless explicitly delegated by the Board
Qualifications & Experience Required:
- Senior-level experience in finance, accounting, audit, or financial management
- Strong understanding of nonprofit financial governance
- Ability to interpret financial statements and communicate clearly with non-financial board members
- High ethical standards and commitment to fiduciary duty
Preferred:
- CPA, CFA, or equivalent professional designation
- Experience with:
- Nonprofit or NGO finance
- Prior board or finance committee experience
- Grant-funded or restricted-fund environments
- International or multi-jurisdictional operations
Time Commitment
- Approximately 4–8 hours per month, varying with budget cycles and reporting periods
- Attendance at regular Board meetings (typically quarterly)
- Participation in Finance Committee meetings as required
Compensation:
This is a volunteer position; no compensation is provided
Legal & Ethical Expectations
- Act in accordance with fiduciary duties of care, loyalty, and obedience
- Comply with the organization’s:
- Conflict of Interest Policy
- Code of Conduct
- Maintain confidentiality of sensitive financial information