It’s shocking but true: One out of three churches is defrauded. Nonprofits don’t fare much better.
What does that mean? Its simplest definition is stealing: Someone is taking money from your church or nonprofit. What makes defrauding and embezzlement different from outright burglary is the way the crime is committed. Instead of breaking down a door, an insider schemes to take money unnoticed.
Because churches and nonprofits tend to think the best of everyone, they often let their guard down when it comes to managing finances. But one unaccountable person can cause millions in losses – and that’s not hyperbole (“Former Employee Sentenced to 10 Years for Stealing $1 Million From Ed Young’s Church”).
While most fraud is not of this magnitude, is any amount acceptable? And beyond the financial loss is the trust deficit created when inside theft occurs.
What can churches and nonprofits do?
Churches and nonprofits don’t have to cross their fingers, pray and hope nothing happens. Join us for this webinar with Jitasa, the largest national accounting and bookkeeping provider dedicated solely to the nonprofit sector. Headquartered in Idaho, Jitasa serves over 1,500 nonprofit organizations across 47 states and the District of Columbia.
Webinar topics will include:
Why churches and nonprofits are frequent targets of fraud
The three most effective steps churches and nonprofits can take to stop fraud
Emerging threats to churches and nonprofits
Insurance coverage that can recoup financial losses due to fraud
Our expert
Christian Spearow, vice president of sales at Jitasa, will provide fraud-prevention insights and take your questions. Spearow has served with Jitasa since 2010, when he joined the company as an accounting representative. He has also served as general manager of Bookkeeping and Accounting Services, supervising a team of accountants that serve more than 1,000 nonprofit clients. In addition to his vocational expertise, Spearow volunteers as treasurer for the Idaho Diaper Bank, which helps provide diapers to families in need at little to no cost.