ASSIGNMENTS ASSIGNMENT 1.1. LINKING MISSION TO MONEY Using the Internet, find a mission statement for a nonprofit that interests you. What do you like about the mission state- ment? Is there a link between the mission and the money in the mission statement? How would you modify that mission state- ment to provide a link to the money? Discuss what strategies you would propose to finance the nonprofit's mission. ASSIGNMENT 1.2. PROPOSING IMPROVEMENTS TO A NONPROFIT'S ACCOUNTABILITY STANDARDS One of the most famous corruption scandals in nonprofit his- tory is the fall of William Aramony, who served as president of the United Way, one of the largest nonprofits in the United States, from 1970 to 1992. Aramony resigned amid scandal and was convicted and served six years in federal prison for conspir- acy, fraud, and theft. He spent lavishly, including purchasing a home with United Way funds, and siphoned funds from the nonprofit, directing them to another company for his young Learning reading speed 8% BUDGETING AND FINANCIAL MANAGEMENT FOR NON... mistress. The thirty-three members of the board of directors, a who's who of America's corporate and labor leaders, were not charged with any crimes, although federal prosecutors said they were unduly respectful" of Aramony. If you were asked by the board of directors of the United Way to help improve the organization's accountability standards, what advice would you give the board? You can assume that the board of directors of a nationally known nonprofit had several working commit- tees, including a finance committee and an executive commit- tee, as well as an outside auditor who examined the nonprofit's finances and created audited financial statements