Nonprofit boards share many of the same responsibilities as corporate boards and they have a few additional responsibilities as well. Like corporate boards, nonprofits are responsible for managing budgets, compliance and overall decision-making. In their role on the board, board…
Governance is evolving in many respects and the changes are placing their mark on virtually every organization and industry. Healthcare is certainly one of those sectors where vast changes in delivery and payment are also generating strong transformations in the…
Managing nonprofit organizations with effective governance means running a nonprofit well. It also means watching out for risks, especially risks related to compliance. Good governance is a huge asset in ensuring that the board is performing at its optimal level,…
Passion. It’s the favorite first ingredient in recipes for cooking up a great nonprofit board member. “Commitment to mission” or “passion for the cause” is included on almost every list of criteria for prospective board members. Amidst numerous other preferred…
Nonprofit organizations play an important role in society. Federal, state and local governments do their best to balance their income by providing services to citizens. Despite the best efforts of all three levels of government, there can never be enough…
In the beginning, it’s easier to learn how to create a 501(c)(3) than most people think. Section 501(c)(3) is part of the U.S. Internal Revenue Code that provides exemptions of federal taxes for qualifying nonprofit organizations. The IRS, under the…
Much of what happens in board meetings is routine. There simply isn’t time to commit to all the legwork that needs to be done in each committee. It’s not necessary for all board members to be involved in all the…
Well-organized companies and organizations begin planning board meetings as soon as the previous meeting ends. Other boards fly by the seat of their pants and throw an agenda together the week before the meeting. Board meetings are serious business. If…
As someone who did not chair any of the four nonprofit boards that I observed this summer, I have great respect and admiration for those who did. I also have compassion, curiosity and some suggestions for them as dedicated, determined…
Shareholders and stakeholders develop confidence in their boards of directors more easily when they represent the people they serve. Multiple perspectives on issues foment creativity in the boardroom and prevent groupthink. It’s necessary for boards to disrupt the status quo…
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