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Metrics That Matter: Is Your Board Tracking the Right Things?

Posted by Irv Katz on Apr 18, 2018 2:00:00 PM

Balanced scorecards, dashboards, strategic plan reports, even routine financial and activity reports: They range from basic to varying degrees of sophistication relative to accountability, management, and governance. “Metrics” is the prevailing mantra, but do the metrics that are routinely...

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Topics: oversight, Mission Impact, Board Best Practices, financial oversight

Managing and Pursuing Your Investment Program's Long-Term Goals

Posted by Lisa Schneider, CFA on Nov 8, 2017 3:04:00 PM

As a board member, you have a difficult job. You need to ensure that your organization has the money, talent, experience, and resources to fund your mission. And you need to do this in an ever-changing market and regulatory environment. Moreover, if your organization relies heavily on your...

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Topics: financial oversight, investments

Five Things Every Nonprofit Should Know About the Americans with Disabilities Act

Posted by TriNet on Oct 2, 2017 1:00:00 PM

This post is one in a series written by leaders who are presenting sessions at or sponsoring the 2017 BoardSource Leadership Forum taking place in Seattle, October 18-20. We thank our sponsors for their support.

The Americans with Disabilities Act (ADA) lays the foundation for the...

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Topics: BoardSource Leadership Forum, Health Care, financial oversight

Helping Your Nonprofit Find the Elusive CPI + 5% Investment Return Goal

Posted by Lisa Schneider, CFA, and Martin Jaugietis, CFA on Sep 26, 2017 11:39:03 AM

This post is one in a series written by individuals who are presenting sessions at the BoardSource Leadership Forum taking place in Seattle, October 18-20. BoardSource thanks Russell Investments for its support of the conference and for sharing its expertise with our participants.

For at least...

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Topics: BoardSource Leadership Forum, financial oversight

Build it or buy it? Effective investment program oversight

Posted by Angie Santo-Walter on Jun 7, 2017 11:05:48 AM

A few years ago, my family and I moved to a small town, across the country from where we were currently living, and we were having a hard time finding a home that fit our needs and budget. So, we started talking about building. That presented a whole new set of challenges — finding the right...

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Topics: investments, financial oversight

What does 2017 have in store for your investment program?

Posted by Rob Balkema on Apr 27, 2017 10:10:48 AM

There’s a famous scene in the Mel Brooks movie Young Frankenstein where Dr. Frederick Frankenstein (played brilliantly by Gene Wilder) realizes that his assistant Igor gave him “Abby Normal’s” brain to put into his monster. As you can imagine, hilarity ensues. Today, we’re once again talking...

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Topics: investments, financial oversight

Take the Fear out of Financial Statements

Posted by Stephanie Cory, CFRE, CAP on Mar 10, 2017 12:15:00 PM

If you serve on a nonprofit board, you’ve probably seen those fellow members who look like a deer in the headlights when presented with financial statements. Maybe that’s even you. While everyone is recruited to serve because of a unique skill set, it’s important for all board members to...

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Topics: financial oversight

Do Nonprofit Boards Resist Online Investing?

Posted by Sharon Liebowitz on Sep 12, 2016 10:30:00 AM

Why don’t more nonprofits use online investing tools? Sharon Liebowitz has some ideas. Share yours in the comments.

Over the last few weeks, I was honored to speak at two financial technology conferences in New York. It was great to hear insights and trends from fellow industry leaders and...

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Topics: financial oversight, investments

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

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