Your R+S on Understanding Nonprofit Financial Responsibilities
As a leader for your nonprofit, your attention gets pulled in multiple directions, but few things impact the day-to-day like finances. Understanding a nonprofit organization's financial activities, responsibilities, and operations can help your nonprofit thrive. Learn more about the financial activities nonprofit boards participate in, the financial responsibilities boards undertake, and how to improve financial literacy for board members from all backgrounds.
In this issue:
Nonprofit Board Committees: Financial Committees
Fiduciary Responsibilities
Welcome to Your Financial Statements: A Primer for Nonprofit Board Members
Financial Issues — FAQs
The Benefits Of Having A Financial Committee
Learn more about how a principal financial committee carries out its duties on a nonprofit board. From overseeing financial activities to planning audits and long-range projects, a financial committee can help your board & organization operate more effectively.
Nonprofit boards act as trustees of the organization’s assets, and its members provide oversight to protect its financial health. Learn more about the fiduciary responsibilities nonprofit boards are tasked with and how to operate in the organization's best interest.
Prime Your Nonprofit Board To Understand Financial Statements
Ensuring that every board member can read and interpret their organization’s financial statements is essential to board service. Find meaning in financial statements to make informed decisions for the organization you serve with our downloadable resource.
Understanding the key differences and issues nonprofits face when managing financial resources for the organization starts by knowing what you don’t know. Find answers to common questions and problems so you can quickly identify and address any areas where further knowledge or expertise is warranted.
