You want to ensure that your board members are aware of their roles and responsibilities as you build it. Make sure that all board members are informed to avoid confusion and ensure your organization is in compliance with state and local laws! One way to do this is to create committees within your nonprofit board. These boards work together to concentrate their attention on different aspects of the business, such as fundraising or human resource management. This group of volunteers will help keep your board well-organized and on top of its game!
Your board’s main responsibility is to assist and supervise the chief executive. This includes ensuring that your non-profit adheres to ethical and legal guidelines as well as providing financial oversight, creating budgets, and also overseeing fundraising initiatives. In addition the board is responsible for evaluating and selecting new board members.
Your nonprofit board has another important task to consider: deciding on the purpose of your organization. It may appear like a simple task however, it’s essential to be focused on your mission to avoid mission creep as time passes and to attract donors to you nonprofit. Your board can help you decide the best way to achieve your goals and develop new programs and service that can help you reach your goal.
Lastly, your nonprofit board is accountable to be aware of the IRS and state requirements that your organization must adhere to. It is vital that your board is aware of and accepts their fiduciary responsibility to safeguard the organization. This can be accomplished by regularly holding meetings to review policies.