A Practical Guide for Nonprofit Board Members Serving on a nonprofit board is both an honor and a responsibility. While board members bring diverse backgrounds and expertise, all share a common legal and ethical obligation known as fiduciary responsibility . Fiduciary responsibility does not  mean you must be an accountant or attorney. It does mean that, as a board member, you are entrusted with acting in the best interest of the organization and its mission. Below, we break

Each nonprofit organization has donors or partners who have particular requirements or specific reasons for giving. They may want those funds to be used for a specific purpose, campaign, or after a specified time. This adds an extra layer of complexity to bookkeeping , unique to nonprofit administrators. It's known as revenue recognition, which means appropriately recording and acknowledging your various streams of revenue in your books. It's essential to understand how each

Why does it matter? Hey there, folks! If you're wondering why the Board of Directors is so darn important in a nonprofit organization,...

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