In many organizations, the treasurer is the board of directors’ hardest working member. Depending on the duties outlined in your organization’s bylaws, this individual might manage cash flow, act as […]
Category: Boards
Nonprofit accounting is different
Carolyn, the executive director of an educational nonprofit, was thrilled, after a long search, to welcome two new members to her charity’s board of directors — both from the for-profit […]
Making sure your board reflects your constituency
When nonprofits first form, they usually welcome as board members anyone who has the time and interest. But as organizations grow in size, revenue and complexity, the makeup of their […]
Should you pay board members?
Contrary to what many believe, it’s legal — and in some cases, necessary — to compensate nonprofit board members. For example, paying compensation can help attract well-known business leaders or […]