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How to Protect Your Nonprofit’s Board Members

How to Protect Your Nonprofit’s Board Members

Your board of directors is one of the most important assets your nonprofit has. Assuming they understand their role and are there for the right reasons, your board members provide invaluable insight, direction, and oversight. They volunteer their time and…

Setting Up Your Nonprofit Board of Directors

Setting Up Your Nonprofit Board of Directors

When you start a charitable organization, one of the most important decisions you’ll make is selecting your board of directors. Your board is legally responsible for governance, fiduciary, and strategic oversight of your nonprofit corporation. This usually includes ratification of your initial bylaws, as well as overseeing…

A Nonprofit Board of Directors – What is a Board?

A Nonprofit Board of Directors – What is a Board?

Nonprofit organizations play an important role in addressing societal issues and providing services to communities. The board of directors is a critical component of these organizations, as they are responsible for overseeing the organization’s strategy, finances, and operations. In this…

Effective Budgeting for Nonprofits

Effective Budgeting for Nonprofits

A common mistake made by both businesses and nonprofits alike is the failure to budget income and expenses.  Far too often, it’s a see-what-comes-in mentality that rules the day, with no attempt to plan, manage, or adapt to changing financial…

Fiscal Sponsor Payment by Check

What Is a Fiscal Sponsor?

Sometimes, those operating a charitable activity do not wish to fully formalize what they’re doing into an actual 501(c)(3) nonprofit entity. The reasons for this vary, but often the services of a fiscal sponsor is needed. Properly setup, fiscal sponsorships…

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