The Nonprofit Boards Role

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Nonprofit boards are essential to the success of any organization. They are responsible to oversee finances as well as ensuring that the organization has enough resources to reach its goals, and ensuring that the nonprofit is operating in compliance with the law. They also participate in fundraising initiatives. Board members are required to treat the assets of the non-profit as such as if they were their own. They must not make a decision for personal gain or to favor the organization.

Nonprofits should search for board members with the following traits:

Passion: Board members must be committed to the goals of your nonprofit and feel an urgency to take action. If your board isn’t possessed of this it will struggle to be productive.

Commitment: A successful non-profit requires commitment from its staff and volunteers. Additionally your board needs to be prepared to put in time, money and effort.

Skills: A good board of directors must have expertise in areas such as governance as well as strategic planning and organizational oversight. It should be able to identify talents and recruit candidates for leadership roles.

All employees of a nonprofit must adhere to a conflict-of interest policy. Infractions to this policy could result in fines from the IRS and state-level “Sunshine Laws.” This is a hugely important issue and is the reason why a lot of nonprofits require the board members to sign conflict of interest agreements.