Nonprofit boards play a crucial role in an organization. They help govern, promote and supervise the nonprofit’s vision, mission, goals, and values. They are also responsible to make decisions that ensure the long-term viability of the organization. The board has a responsibility to safeguard the company from financial destruction and ensure that the public trusts the organization.
Legal oversight is another important task for boards of non-profit organizations. This entails making sure that the nonprofit follows local federal, state, and local laws. It also involves filing and renewing paperwork with appropriate government agencies (in the US this is the IRS).
The board is accountable for establishing the guidelines that govern the way in which the nonprofit operates. This can include a myriad of things that include how employees are handled as well as how donor/supporter data is handled, and fundraising activities.
In addition to making decisions and procedures, the board is also responsible in establishing and implementing budgets. This includes the creation of shorter- and longer-term strategic plans in collaboration with the executive director and the entire staff and key stakeholders.
It is vital that board members are aware of their duties and responsibilities for the organization to be successful. If you don’t have a clear understanding of your board’s responsibilities, your nonprofit could be vulnerable to being a victim of micromanagement and poor management. This is why it’s essential to train new Board members on the duties of a non-profit board before they are appointed.
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