The treasurer of a 501(c)(3) organization serves as the primary financial steward. Their main responsibility is to provide oversight and ensure the organization's long-term financial health and legal compliance. Core Responsibilities • Financial Oversight: Manage or oversee all financial affairs, including selecting banking institutions, managing cash flow, and ensuring the organization remains solvent. • Budgeting & Planning: Lead the preparation of the annual budget and regularly monitor actual revenue and expenses against these projections. • Compliance & Filings: Ensure timely and accurate filing of all required tax documents, including IRS Form 990 and state-level charitable registrations. • Financial Reporting: Present clear financial reports at each board meeting, translating complex data into understandable information for other board members. • Internal Controls: Establish and maintain a system of internal checks and balances (e.g., check-signing authority and expense reimbursement policies) to prevent fraud and errors. • Audit Management: Act as the board’s point person during annual audits or financial reviews. • Strategic Advice: Serve as the chair of the finance committee and advise on fundraising strategies or large expenditure plans.