A gift acceptance policy allows the board to define the parameters and guidelines for eliminating controversial or risky donations. Unwelcome donations might include gifts that:
One of the most constructive and proactive ways a board can send a message that its organization is committed to accountability, responsiveness, and stewardship is to draft a code of ethics to guid
A conflict of interest arises when a board or a staff member is in a situation where his decision making may be impaired by personal, financial, or other busin
Probably the main reason for you to form a nonprofit organization rather than a for-profit entity is the exemption benefits that come with the tax-exempt status.
When setting up your nonprofit organization, the two key steps you want to accomplish: incorporate the organization (not obligatory but wise) in your state of main activity and apply for its tax-exempt status with the IRS. In addition, you should investigate what other registration and licensing requirements apply to your organization in order to be compliant with federal, state, and local laws and to be able to reap the additional benefits your tax-exempt status provides.
Without a solid strategic plan to guide future decisions, direct staff in the right direction, and help the board and staff assess accomplishments, the organization functions without a rud