Research Article |
Fraud in Nonprofit Organizations: How to Mitigate it?
Author(s) : Dr. Marvin L. J. Blye1, Dr. Desire Luamba2
Publisher : FOREX Publication
Published : 10 October 2021
e-ISSN : 2347-4696
Page(s) : 385-392
Abstract
In the United States, nonprofit organizations lose at least $40 billion every year because of fraud. Fraud negatively affects nonprofit organizations’ productivity. Nonprofit managers need effective strategies to prevent fraud, increase trust among stakeholders, and ensure longevity. The purpose of this multiple case study was to explore strategies to mitigate fraud in nonprofit organizations. The conceptual framework of this study was Cressey’s fraud triangle theory. Data of this study were collected through interview questions from 4 top successful managers of nonprofit organizations in Maryland. The emerging themes after data analysis were ethics and regulatory compliance, transformational leadership, and managerial skills.
Keywords: Nonprofit
, Fraud
, Strategies
, Sustainability
Dr. Marvin L. J. Blye,Deputy Chief Financial Officer (CFO), City of Baltimore-Department of Housing and Community Development (DHCD), Baltimore, Maryland, USA ; Email: marvinljblye@gmail.com
Dr. Desire Luamba,Adjunct Faculty, Trevecca Nazarene University, Nashville, TN, USA
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Dr. Marvin L. J. Blye and Dr. Desire Luamba (2021), Fraud in Nonprofit Organizations: How to Mitigate it?. IJBMR 9(4), 385-392. DOI: 10.37391/IJBMR.090401.