Government grants for small business startups are plentiful if you know where to look for them. Federal, state, and local governments offer many grants for various types of businesses to help boost the economy. Grants provide valuable opportunities to kickstart…
Imagine what it would be like if your nonprofit board could not only envision new ideas but have the means to implement every one of them without any concern over financial constraints. That’s every nonprofit board member’s dream. Before you…
For any board of directors, internal controls for nonprofits prevent nightmares like waking up to discover missing money from the organization’s bank account or a rash of phone calls from vendors alleging they never got paid. Internal controls are a…
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…
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…
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 organized group of people with the collective authority to control and foster an institution that…
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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