Only some not-for-profit organizations are required to conduct independent annual audits. For example, the federal government and many states mandate an audit if a nonprofit receives more than a specific amount in charitable donations. Some grantmakers and lenders may do so as well.
But even if audits aren’t required, they’re a good idea for all organizations. ... Read More ›
Your nonprofit’s board of directors should enjoy the role, the opportunity to support a cause close to their hearts and the camaraderie of working with others who’re dedicated to achieving the same mission. But the job can be challenging. For example, boards must take ethical and practical action in times of crisis and always avoid ... Read More ›
Large, long-established not-for-profits generally know where the duties of their staff end and those of their board members begin. But smaller or newer organizations don’t always understand the limits of each “lane.” To avoid confusion and misunderstandings — and help ensure efficient operations — employees and board members need explicit guidelines about their roles and ... Read More ›