How can you know whether a group that gets together regularly should be called an association or organization? While people commonly use the terms interchangeably, there are distinct differences between them. Despite the differences, the two terms also have…
In simple terms, a 501(c)(3) nonprofit is a group that exists for charitable purposes. The IRS establishes the different types of 501(c)(3) organizations and determines the rules and laws for operating them depending on their classifications. As straightforward as…
Robert’s Rules of Order is a lengthy manual of parliamentary procedure that governs most boards of directors, which was first created in 1876 by Henry Martyn Robert as an adaptation of the rules and practices of Congress. With the…
Board resolution templates are valuable when nonprofit boards need to create a formal, legal record of certain important decisions. As a rule, boards generally don’t have to submit their formal decisions to any government agency, regulatory body, or other authority,…
‘Ex officio’ refers to a person who holds a particular position or office and is therefore entitled to certain duties or privileges without additional authorization. There is generally some degree of confusion surrounding the ex officio meaning and role…
Business ethics refers to the principles and values that guide the behavior of individuals and organizations in the business world, including nonprofits. It dictates that organizations consider the impact of their decisions on various stakeholders, such as customers, employees,…
Building an effective board of directors is a critical part of governance that has a profound impact on the organization. To have board effectiveness, a nonprofit’s purpose, process, structure, and people must all be in alignment. Yet how can you…
The role of managing director vs. CEO is not always easy to understand. Both are high-ranking executives; however, they have a number of key differences in their roles. Simply put, a managing director is typically responsible for a single business…
A fiduciary responsibility is an obligation that prevents one party from acting in their own interest rather than in the interest of the organization. For nonprofits, this ethical commitment makes it possible for them to fulfill their missions. Board…
Every board needs directors who are great visionaries, and understanding the difference between short-term vs. long-term goals can help bring your nonprofit’s vision to life. Beyond the obvious, knowing the differences between short-term and long-term goal planning can help nonprofits navigate…
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