MALF Seeks New Treasurer

Do you love libraries, have experience with nonprofit accounting or bookkeeping, and experience partnering with wealth management firms on behalf of a nonprofit or small business? If so, MALF wants to hear from you! We're looking for a new treasurer, with a two-year term starting in 2024. Training is available on an as-needed basis.

Organization Summary: The Minnesota Association of Library Friends (MALF) is a volunteer-run nonprofit that supports Friends of the Library groups across Minnesota. We provide these grassroots organizations with workshop, webinar and other educational opportunities; grants and awards (both monetary and honorary); and a range of on-mission communications and counsel. MALF is a private foundation [EIN 41-1423551] operating on an annual budget of approx. $40,000 and holds professionally managed investments of approx. $420,000. Our 12-person Board of Directors (Board) is supplemented by a part-time Office Manager contracted through Library Strategies Consulting Group. See mnlibraryfriends.org for more details about MALF.

Primary Duties:

• Make check disbursements and record all organization transactions (receipts, checks, journal entries) in QuickBooks Online. Prepare quarterly financial reports. (Notes: 1. MALF issues approx. 40 checks and files several 1099-NEC forms per year. 2. Office Manager handles the minutiae of membership dues and donations, and provides Treasurer a report after each deposit.)
• Collaborate on the creation of MALF’s annual budget; lead Board discussions on budgeting.
• Chair the Finance and Investment Committee, and serve on MALF’s Executive Committee. Both ordinarily meet quarterly and primarily online (usually a few weeks before that quarter’s Board meeting). Treasurer presents the Finance and Investment Committee’s reports to the Board.
• Liaise with the CPA firm hired to prepare the annual 990-PF and Minnesota Charitable Organization Annual Report. (Notes: 1. MALF’s fiscal year is the calendar year. 2. MALF is not required to conduct a formal, annual financial audit.)
• Oversee internal control systems currently in place to safeguard assets, provide accurate accounting data, and ensure compliance with Board policies and legal requirements.

Qualifications:

• Required: A commitment to the mission and values of MALF.
• Required: Nonprofit accounting/bookkeeping experience (experience with QBO helpful).
• Preferred: Experience partnering with wealth management firms and CPAs on behalf of a nonprofit or small business.

Additional Info:

• Required: Attend quarterly Board of Directors meetings (held the second Mondays of February, May, August and November). Board and committee meetings are currently conducted virtually (on Zoom) or hybrid.
• Required: Treasurer is a member of the Board and an individual member of MALF (dues $20/year).
• Required: Passing of a standard background check, conducted by GoodHire.
• Note: Assistance is available for new Treasurer to learn Quick Books Online and MALF financial processes.