A nonprofit board should be comprised of individuals who have the necessary skills, expertise, and diversity to effectively oversee the organization’s ope
The board must ensure adequate resources to allow the organization to carry on its mandate. Financial resources feed into the health and stability of the organization.
Fiduciary obligations require charitable non-profit organizations to adhere to the highest ethical and legal standards. In every decision made and action taken, a charitable non-profit must:
Incorporating your nonprofit organization establishes it as a legal entity designed primarily to provide limited personal liability protection for those overseeing the organization.
Indemnification is the organization’s direct expression of willingness to protect its board members (and its senior staff) from the financial burdens of liability.
Most nonprofits start as all-volunteer organizations (AVO), without a paid staff. The organization operates with the support of its board and maybe additional volunteers.
Question: I will be forming a new nonprofit organization soon and I am in the process of recruiting the initial Board of Directors and drafting governing documents.
