Читать книгу Nonprofit Kit For Dummies - Stan Hutton, Beverly A. Browning - Страница 64

Overseeing the organization’s finances

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A board must make sure the organization has the resources to carry out its goals. As part of this duty, many boards are active in fundraising. But a board also is responsible for reviewing the organization’s budget and staying informed of the organization’s financial situation. Nothing is more dismal than finding out, for example, that an organization has been ignoring its payroll taxes, and could create personal liability for the directors (check out Chapter 7 for more info about the board’s personal liability). A word to the wise: Insist on good financial reporting. At a minimum, have the board treasurer (or perhaps the executive director or bookkeeper, if you have one) prepare monthly financial reports and distribute them to your board for review.

Nonprofit Kit For Dummies

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