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Reassuring level of knowledge revealed by nonprofit financial literacy quiz

Chris Thompson, BoardSource’s numbers guy (and experienced ATM user) explores what can be learned from our recent financial literacy quiz.

Of the 10 basic board responsibilities, “finance” appears prominently in two of them: “ensuring adequate financial resources” and “protecting assets and...

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Topics: financial oversight

Six Steps to Improve Board Financial Oversight

Posted by Bob Wittig on May 16, 2016 10:00:00 AM

Financial oversight is probably one of the most important board responsibilities. It’s important because an organization’s nonprofit status can come with some really nice benefits that may include:

  • no income taxes
  • no sales taxes
  • no property taxes
  • donations to the organization are tax-deductible
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Topics: financial oversight

Leading with Intent Comes of Age: A glimpse at what 21 years of change in nonprofit governance looks like

In 1994, Amazon was launched, the infamous Lorena Bobbitt went on trial and was found temporarily insane, Michael Jackson married Elvis’s daughter, and Howard Stern ran for governor of New York. Given such momentous cultural milestones, it is hardly surprising that the first-ever BoardSource...

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Topics: Leading with Intent

Freeing Nonprofits from Their Risk-Averse Shackles

Unprecedented crisis requires equally unprecedented response and risk taking. Undoubtedly, this is not an entirely foreign concept for many of us in the nonprofit sector. Most likely, we’ve heard one variation or another of this statement. And, often times, our willingness to take on risk comes...

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Topics: financial oversight

Wounded Warrior Project – A Classic Case Study

Posted by Vernetta Walker Chief Governance Officer, BoardSource on Mar 28, 2016 9:00:00 AM

Some of us just can’t get enough of the Wounded Warrior Project scandal, and that includes me. In the same way that people get hooked on a scintillating TV series or book, I’ve been captivated by the onslaught of articles taking aim at WWP. These stories are a constant reminder that the public...

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Topics: oversight, Wounded Warrior Project

Is it Time to Dust off Your Nonprofit’s Conflict-of-Interest Policy?

Posted by Erin Berry, VP, Marketing and Communications, BoardSource on Mar 17, 2016 10:44:00 AM

Based on our most recent field study and national nonprofit index, Leading with Intent, 95 percent of nonprofit organizations have conflict-of-interest policies in place. So, right now, you are asking yourself, “Then why should I read this? I am busy!” The answer is simple: Because many...

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Topics: Conflict of Interest

Economy Continues to Dominate Concerns of Nonprofit Leaders in 2016

Which general areas do you think will, or should, concern nonprofit boards the most in 2016? In a “pulse” survey recently conducted by BoardSource and the Nonprofit Quarterly, “General economic uncertainty, increased volatility, and shocks” was identified as the main concern. This issue was one...

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Topics: Leading with Intent

Form 990 — A Guide for Newcomers to Nonprofit Research

BoardSource’s director of research and evaluation suggests how nonprofit research newcomers and students can best wrestle this beast to the ground and extract value (without too many scars that you wouldn’t want to show around the office).

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Topics: Research, Form 990

Why Youth Diversity Matters

Staying relevant in a world that is constantly changing is challenging for many nonprofits. To plan for the future and the risks that come with change, best practices direct boards to be inquisitive, think strategically, and remain relevant and connected to their communities. But how can boards,...

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Topics: Board Diversity & Inclusivity, Recruitment, Junior Boards, Next Generation

How to Catch a Unicorn: Diversify Your Nonprofit Board Like You Mean it

Posted by Jermaine Smith on Feb 18, 2016 11:00:00 AM

 

I am a millennial. I am a black man. I am a fundraiser. I am a board member (and soon board chair). These are some of the ways I describe myself. Yet, as my experience in the nonprofit sector has deepened, I have discovered that many board leaders describe me a different way:

I am a unicorn.

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Topics: Board Diversity & Inclusivity

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