Nonprofit boards have needed tools to help manage their meetings for many decades. Up until the past decade or two, boards have needed to rely on manual tools to help them perform all of the necessary functions and activities. Boards…
If you’re like most people, you consider it an honor to be asked to join the board of directors for a nonprofit organization that you care deeply about. Every candidate who gets asked to serve on a nonprofit board of…
Behind every successful and prosperous 501(c)(3) is a healthy, vibrant and energized board. Board evaluations are a viable tool to help boards maintain their vitality. By taking what they learn from annual board evaluations and making a few changes, even…
Nonprofit boards spend the vast amount of their time checking up on employees, volunteers and other stakeholders. At least once a year, nonprofit boards should take the time to look at themselves — as individual directors and as a whole…
A lot of people are surprised by how much work goes into a nonprofit organization. It shouldn’t be surprising considering nonprofit organizations have a lot at stake. The organization’s cause is at stake, as well as the good that it…
The federal government supports the work of nonprofits by offering them tax-exempt status. Because of fraud relating to nonprofit organizations, the federal government is taking a stronger stance against nonprofits that abuse the privilege of being tax-exempt. The IRS asks…
Most organizational founders of nonprofit organizations find that setting up a nonprofit organization is a bit daunting, at least in the beginning. One of the necessary tasks is writing the organization’s bylaws. The bylaws serve as a guidebook for the…
Generally, a resolution is something that a group resolves or agrees to do. As it pertains to boards of directors, the outcome of a vote could be called a resolution. Certain situations call for something stronger than a vote. In…
Banks and credit unions have many similarities and a few distinct differences. Banks and credit unions offer many of the same services, such as checking and savings accounts for individuals and businesses, money market accounts, certificates of deposit, loans and…
Board meetings usually have jam-packed agendas. It’s nearly impossible to dedicate enough time to thoroughly vet and discuss every agenda item. When board discussions take up too much of the board meeting time, it’s generally best to move the item…
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