When forming your nonprofit's board, it is important to ensure that all of the board members are aware of their duties and obligations. Keep all board members informed to avoid confusion and ensure your organization is in compliance with the laws of your state and local authorities! This can be accomplished by forming committees within your board. These groups of board members work together to focus on different aspects of your organization, such as fundraising or human resources. This group of volunteers can help keep your board well-organized and on top of its game!
Your board's main responsibility is to oversee and support the chief executive. This includes ensuring that your nonprofit adheres to ethical and legal standards as well as overseeing financial matters, setting budgets, as well as overseeing fundraising efforts. Your board is also responsible for deciding on new board members and their evaluation.
Another important task for your board of directors is to establish the purpose of your organization. It may seem like a simple job but it's crucial to be focused on your goal to avoid mission creep as time passes and to draw donors to your nonprofit. Your board will help you decide the best method to fulfill your goal and develop new programs and services to can help you reach your goal.
Finally, your nonprofit board is responsible for knowing all of the IRS and state requirements that your organization must adhere to. This is why it's particularly important that your board knows and is committed to their fiduciary responsibility to safeguard the organization. The best method to accomplish this is to have regular meetings, and to review policies.