Is your nonprofit new and building its governance infrastructure from scratch? Or is it established but looking for ways to improve the effectiveness of its board? Depending on an organization’s life stage, size and needs, one board structure may make more sense than another. Let’s look at some common models.
Policy model
Policy boards are dedicated ... Read More ›
If a donor suddenly offered your not-for-profit a residential property, antique jewelry or inventory from a business, would you know how to value it? Perhaps you don’t receive these types of contributions often, but you also don’t want to turn them down. If a property donation relates to your organization’s tax-exempt function, it’s generally valued ... Read More ›
Even if your not-for-profit isn’t technically required to obtain independent audits, such audits can enhance financial transparency, increase accountability and help you build trust with your stakeholders. But how do you find a truly independent auditor? Ensuring independence requires more than hiring an outside firm. The American Institute of Certified Public Accountants (AICPA) Code of ... Read More ›