Who would defraud a kids’ organization? The answer, unfortunately, is that trusted adults sometimes steal from not-for-profits serving children, particularly youth sports leagues. The pickings can be easy: Cash transactions are common and coaches and board members usually are volunteers. By far the most important step leagues can take is to segregate duties. This means that no single individual receives, records and deposits funds coming in, pays bills and reconciles bank statements. Also regularly rotate your league’s treasurer and use electronic payment systems, rather than cash or checks.
