misuse of funds/ non profit organization

This is a discussion on misuse of funds/ non profit organization within the Other Nonprofit Law Issues forum, part of the NONPROFIT LAW & FUNDRAISING category; In our Florida non profit organization, we have 4 separate funds set up per our rulebook to be used for ...

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Old Aug 12th, 2009, 09:16 PM   #1
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Default misuse of funds/ non profit organization

In our Florida non profit organization, we have 4 separate funds set up per our rulebook to be used for different purposes. Over the past few years, the funds have been raided and used for daily operating expenses without a vote or explanation to our board or members. This has been done by executive committee approval only. The entire board was never informed. Is this a case of mishandling membership monies? Does Duty of Care pertain to this?
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Old Aug 13th, 2009, 10:41 AM   #2
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Default Re: misuse of funds/ non profit organization

It is if it violates the agreed fund rules. Officers and directors could in theory be held liable for those funds.
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Old Aug 14th, 2009, 10:39 PM   #3
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Default Re: misuse of funds/ non profit organization

I would like to speak to a lawyer that can help us with this problem. If someone would like to contact me , I will make myself available.
Thank You,
Sam
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