What do nonprofit budget best practices have to say about whether your budget should be balanced or have an overage? Does your board have standards for how to manage a deficit or how long to let it stay on the…
When it comes to developing a responsible compliance program, your board can start by asking, “What makes a good compliance program for nonprofits?” First, your board needs to consider the 3 purposes of your compliance program: Prevention Detection Corrective action…
The leaders you count on today may not be able to fulfill their duties tomorrow, and the right succession planning tools make the task of planning for successive leadership efficient and easy. Continuous, strong leadership is a must-have for nonprofits.…
The decisions that boards of directors make have a strong impact on the future and success of an organization. Those decisions are made by a democratic process where votes are determined by majority rule. With so much riding on every…
It’s a rare meeting where the board of directors has enough time to accomplish everything that it needs to. Having an established and focused board meeting agenda helps the board maximize accuracy, efficiency, and productivity. Board meeting agendas include items for…
The concept of shared governance in higher education came about during the 1960s, which was a time when colleges began to modernize many of their processes. Today, the meaning of shared governance has become distorted. It’s a complex term that…
The Latin meaning of the word quorum is derived from a word that means who. Commercial and non-profit entities enjoy a multitude of benefits when they form a board of directors. The main reason for organizations to form a board…
While boards and management hold close ties to one another, their duties and responsibilities are distinctly different. Look to the definitions between a board and governance for the first clue as to the differences between them. A board is an…
At first glance, reading a board resolution is intimidating because of the formal language. In fact, once you know what components make up a board resolution, they are very easy to write. Before getting started, take a look at some…
The government recognizes that charitable and certain other types of organizations provide valuable community services that would be impossible for the government to provide using taxpayer funds. While the government can’t fully support nonprofit organizations, the 501(c)(3) code of the…
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