Page 2 - C&A's Nonprofit Board Guide

CONTENTS

Introduction 3 DECIDING TO JOIN A 37 WHAT THE BOARD OF
NONPROFIT BOARD: DIRECTORS SHOULD KNOW
KEY QUESTIONS AND ABOUT IRS FORM 990
As a Board member of a nonprofit, you are making a significant commitment CONSIDERATION
of time, energy, and resources. In accepting a position on the Board, you have TOO MANY NONPROFITS,
agreed to accept two basic responsibilities: support and governance. Each of 5 BOARD MEMBER 41 TOO LITTLE M&A
these require different skill sets and expertise. As a “supporter,” Board members AGREEMENTS
fundraise, introduce contacts to the organization, and serve as ambassadors
to the community (both the public and private sectors). On the other hand, THREE LEGAL DUTIES OF THE 45 NYPMIFA: WHAT IS IT AND
the “governance” role involves protection of the public interest, serving as a 7 BOARD OF DIRECTORS WHAT DOES IT MEAN FOR ME?
fiduciary, selecting and assessing the Executive Director, ensuring compliance
with legal and tax requirements, and evaluating the organization’s work. All TOP 10 RESPONSIBILITIES FUNDRAISING: A DIFFERENT
of this needs to be done in accordance with the organization’s mission, which 9 OF NONPROFIT BOARD 49 APPROACH
remains the underlying compass that should guide your actions. MEMBERS
It is important for you to understand the requirements that come with your HOW TO ENGAGE YOUR
acceptance of a Board position. This guide will provide some insight to you on 11 NONPROFIT BOARD POLICIES 51 BOARD IN FUNDRAISING
how to be a more effective Board member. This includes understanding your & PROCEDURES
duties, your role versus the role of the Executive Director, the various committees
that may exist within your organization, legislation such as NYPMIFA, how to BOARD & EXECUTIVE 53 ENGAGE YOUR NONPROFIT
read the information provided to you, and more. 15 DIRECTOR ROLES BOARD: WHY IT MATTERS
AND HOW TO DO IT
The environment that nonprofits operate in is getting tougher, with: increased
government regulations and audits; more competition for fundraised dollars, BOARD POSITIONS & EFFECTIVE BOARD
as donors look for increased social return on investments; and a change 19 RESPONSIBILITIES 55 MEETINGS: HOW DO YOU
in focus in measuring nonprofit effectiveness from fiscal measurements to ENSURE YOUR BOARD
operational measurements. Outputs have given way to outcomes, with a need for REMAINS EFFECTIVE?
organizations to measure their social impacts, the deciding factor. 23 BOARD COMMITTEES
Take the time to read through this guide, and share it with other Board members. 57 UNDERSTANDING
If you have any questions about any of the material within this guide, or if we NONPROFIT BOARD MILLENNIALS AND GEN Z:
can be any assistance to you or your agency, please do not hesitate to contact us. 25 ORIENTATION: SETTING NEW KEY TO RECRUITING THEM TO
Our many nonprofit specialists will be more than happy to answer any questions MEMBERS UP FOR SUCCESS NONPROFIT BOARDS
you might have.
Thank you for making a difference in the nonprofit sector. 27 REMOVING TROUBLESOME 59 WHAT THE NEW
BOARD MEMBERS BOARD LOOKS LIKE:
BEYOND WEALTH,
TOWARDS COMMUNITY
Ken Cerini, CPA, CFP, FABFA RELATED PARTY
Managing Partner 29 UNDERSTANDING
TRANSACTIONS
63 EMBRACING DIVERSITY,
31 ADDITIONAL BOARD EQUITY, AND INCLUSION IN
RESPONSIBILITIES NONPROFIT BOARDS

33 UNDERSTANDING FINANCIAL 67 SUCCESSION PLANNING FOR
REPORTING FOR A BOARD NONPROFIT BOARDS
MEMBER

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