You’ll also note the requirements around keeping records such as board meeting minutes. Conflict of Interest Policy: Conflicts of interest can lead to some sticky situations, so be sure to define them clearly. You should also include procedures for handling conflicts of interest as they arise. ...
you may have to block out a work day to participate, pay a registration fee, and travel to the conference location (if it isn’t a virtual event). Considering all of those requirements, is attending a nonprofit conference really worth it for you and your organization...
“[Your bylaws] should include key information such as the number of directors who must participate to hold a valid meeting (i.e. a quorum), the number of votes required to be an act of the corporation and should restate many of the statutory requirements such as notice requirements for ea...
Set milestonesso you know you’re on track and can recalibrate if you ever find that you’re not meeting your goals. Use that plan to set you in the right direction and ensure your nonprofit is sustainable well into the future. Nonprofit tools and resources...
However, there are important requirements. Nonprofits must operate for public good, not for private benefit. You need to hold regular board meetings, reinvest profits into the organization, and maintain detailed financial records to keep your tax status. What to consider before starting a nonprofit...
What experience do I already have in meeting that need? What other organizations are already working on the same problem? Have I received input from those who'd be impacted by a new nonprofit? How much money would it take to fund my nonprofit's services? What other resources would I need...
Board meeting minutes Tax accounting for nonprofits The tax code for nonprofits can be confusing, and tax reforms can affect everything from how you report income to how you manage volunteers. Nonprofits should pay close attention to the following areas. 1. Handling and reporting income. Some of...
NPOs may lack efficiency in generating accounting reports to meet funders' requirements and need a method of measuring efficiency. Such a method would ensure reporting compliance, avoid cash flow difficulties that risk their operation of services to communities in need, improve relations with funders,...
What is a conflict of interest policy?A conflict of interest policy makes sure the board of directors and officers only make decisions that benefit the nonprofit rather than individual members. Both of these documents need to be adopted by your nonprofit during your first organizational meeting. ...
Yes, Iowa requires your nonprofit’s board of directors to adopt bylaws, which are basically your nonprofit’s internal rules. This action should take place at your nonprofit’s first official meeting held after the Iowa Secretary of State approves your Articles of Incorporation. Additionally, if ...