Most for-profit companies compensate the directors who serve on their boards. But not-for-profit board members generally serve on a voluntary basis.
Financial audits conducted by outside experts are among the most effective tools for revealing risks in not-for-profits.
Does your private foundation have a detailed conflict-of-interest policy?
Employees or independent contractors? It’s not only for-profit companies that struggle with the question of how to classify workers for federal tax purposes.
Not-for-profits increasingly are adopting a corporate world tool: financial dashboards.
Current financial pressures mean that your not-for-profit probably can’t afford to pass up offers of support.
Does your not-for-profit have a code of ethical conduct?
Not-for-profits sometimes team up with other entities to boost efficiency, save money and better serve both organizations’ constituencies.
The Federal Reserve announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending Program.
Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual gross receipts and other factors.