Nonprofit Boards Role

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Nonprofit boards play a critical function in connecting an organization and the community. The board establishes the mission, vision and values for the non-profit. It also has an important oversight and accountability function. The board must monitor how the organization is meeting its mission and achieving its goals. It should devise strategies for fundraising and organization and ensure financial oversight.

It is vital to be attentive to the programs and services offered and their impact on the people and the results. This requires continuous monitoring that allows the board to make changes when needed. Financial oversight entails reviewing and approving budgets, making sure the company is within its budget and that it complies with all financial regulations. The board has a fiduciary obligation to treat the assets of the company as if they are their own and to avoid the risk of investing in a risky way.

Fundraising is a significant part of the board’s duties, and it is often the job of the board members to get their hands dirty. It is important that the board receives regular up-to-date reports on the progress and performance of different fundraising campaigns. This will allow them to make better choices.

Many boards delegate management responsibilities to an internal manager, usually a chief executive officer (CEO). The Board is accountable for identifying this person and setting the compensation for them, as well as providing annual evaluations of both the CEO and the individual board members. The Board should also arrange training and orientation programs for all board members to support their development.

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