A nonprofit organization was working on its budget, anticipating funding cuts in their sector. Fortunately, the organization still had the promised support of one of its biggest donors. While going through the budget data, several board members noted that…
Most nonprofit and mission-driven organizations run lean operations, with employees wearing several hats and having multiple responsibilities. Board members volunteered or were appointed because of their skills and interests in their organization. They tend to be hands-on, working side-by-side…
A simple email can put your organization and its financial stability at risk. Consider this scenario: Every board member receives an email, which appears to come from the nonprofit’s board secretary. The email was personally addressed to each board…
Nonprofit leaders know that every dollar counts, and so does every decision. While you focus on delivering services that support your organization’s mission, you may overlook this question: Does your nonprofit need liability insurance? The answer? Yes. Whether organizing…
If you are building a new organization or finding that your current board’s role isn’t quite taking you in the right direction, it’s important to understand: there is no single correct way to set up a board of directors.…
Building a diverse, skilled board is a priority for each nonprofit or mission-driven organization. But, as experienced as they may be, board members can still benefit from expert support, whether it comes in the form of a Greek chorus,…
Every board member plans to attend board meetings and vote in person. But that’s not always possible. When it isn’t, a proxy provides a process that works much like an absentee ballot. Proxy votes allow board directors to have…
It can cost five times as much to acquire a new donor than to retain one, but three out of four new donors leave and never return. These are the challenges of nonprofit stewardship. If your organization has been…
A board decision puts the organization’s tax-exempt status in question. Inadequate documentation of expenses violates a grant requirement. A board member fails to follow email security protocol, resulting in a serious data breach. These are examples of a nonprofit…
Avoiding conflicts of interest may feel like running through video game levels — Super Mario-style — for nonprofit board members. It’s understandable. Board members are recruited because of their well-rounded experiences, professional connections and involvement in their communities. These…
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