There are many who say that running an organization is chiefly about managing risk. In the nonprofit realm, managing risk often involves a mixture of revenue generation, careful financial [...]
Keeping good records is vital for the long-term health of a nonprofit. Written records provide an institutional memory that will endure even as leadership changes. They are also essential for [...]
The importance of choosing the right people to serve on your nonprofit’s board cannot be overstated. An organization’s board members are often its most visible and most engaged constituents. [...]
Mediation has become a popular approach to resolving legal arguments and other forms of disagreement. For both sides in a legal dispute, mediation can be a way to find a middle ground that can [...]
The need for unanimity is one of the features that distinguishes nonprofit governance from for-profit boards. In a for-profit setting, directors of companies sometimes take contrary positions [...]
When a person with extensive corporate board experience joins a nonprofit’s board the differences can come as a surprise. Many of the rules governing for-profit directors also apply to nonprofit [...]
One of the serious mistakes a nonprofit’s management can make is engaging in transactions that tax authorities or donors could construe as self-dealing. A nonprofit’s tax privileges rest in part [...]