Volunteer Board Treasurer

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Lakeville Farmington Treehouse is looking for someone to join our board as a volunteer treasurer. We are an independent 501c3 non-profit focused on inspiring purpose and connection in teens (LFTreehouse.org). We take our mission very seriously, but understand that volunteering should also be quite enjoyable, rewarding and not too overwhelming!

In the beginning, more time may be needed to evaluate the current state and build structures and processes for compliance, reporting, budgeting/forecasting, auditing, and managing funds (perhaps 20 hours monthly). But as time goes on, the commitment should level off to 12-14 hours per month. The most important qualifications are having a heart for at-risk teens, a desire to help mature a young non-profit, a knack for building processes and structure, bookkeeping, finance and/or accounting skills, and an experience/interest in evaluating, interpreting and executing on non-profit requirements (MN and IRS). If you have the passion and energy, we have the supportive environment where you will flourish and be able to make a difference! Below is a job description we assembled for this position. All items are open for discussion. We want this position to work for both of us!

Board Treasurer Position Description

Role Summary:

The Treasurer oversees the financial activities of Lakeville Farmington Treehouse, provides financial updates to the Board, and ensures sound financial management practices. This role can be performed in the location of your choice. Note, occasional trips to the bank as well as monthly board meetings (1.5-2 hrs in length) or special events most often require an in-person presence.

Key Responsibilities:

Financial Oversight

• Monitor organization's financial health
• Review monthly bank statements and reconciliations
• Track income and expenses
• Oversee annual budget development
• Develop financial reporting templates and structures
• Ensure proper handling of donations
• Maintain financial records
• Guide implementation of proper internal controls
• Oversee any required financial audits or reviews
• Monitor adherence to nonprofit accounting principles

Board Communications

• Present financial reports at board meetings
• Provide clear financial updates in layman's terms
• Alert board to financial concerns
• Report on budget vs. actual spending
• Share monthly/quarterly financial snapshots

Compliance

• Ensure timely filing of Form 990
• Maintain state nonprofit compliance
• Submit bi-annual tax preparation
• Keep required financial records
• Sign off on financial documents

Leadership

• Help develop financial policies
• Guide financial decision-making
• Assist with fundraising planning
• Review any major financial commitments
• Assist with fundraising visioning and execution

Qualifications:

• Basic understanding of financial statements
• Experience with budgets and financial reports
• Willingness to use own computer to access financial portals and perform bookkeeping
• Attention to detail
• Good communication skills
• Ability to commit to time estimates described above.
• Understanding of basic nonprofit finances
• Willingness to perform this work as an unpaid volunteer

Term: 2 years (typical) - can discuss

Experience Needed:

• Financial or accounting background helpful but not required
• Willingness to learn nonprofit financial basics
• Comfort with basic spreadsheets
• Previous board experience beneficial; not required

This role typically requires:

• Attending monthly board meetings
• Monitoring of current cash flow position
• Additional time for annual budget and tax prep
• Availability to sign checks/documents