A key role for any nonprofit board is fiscal oversight. Regular review of the financials, strong internal controls and asking questions can all help board members embrace their responsibility.
Board's Role in Finance
Get this sample finance committee charter which includes a clear list of differences between the responsibilities of the finance committee versus the audit committee.
Adapt this template for a whistleblower protection policy to meet your needs.
A basic understanding of the roles and responsibilities of the board is a good place to start in any recruitment and orientation activities
Use this handy checklist to make sure you've covered all the bases in your budgeting plan.
Use this worksheet to capture a snapshot of your nonprofit's financial strengths and weaknesses.
Much of the work of the board is accomplished by standing committees or ad hoc work groups. This document describes several types of committees.
This table is designed to help board members effectively review the 990 and to consider the organization's policies and potential benefits of changes to those policies.
This resource from Nathan Wechsler & Company looks at which factors you need to take into consideration when determining reasonable compensation for your CEO.
Present pertinent financial data to your board using this dashboard template.
Use this list of financial questions as a guide to meeting your duty of financial oversight.
Nathan Wechsler & Company share this document to help answer the question "What should I be looking for in the financial statement?"
Use this sample policy as a starting point for finalizing your own.
How do you know if your organization is ready for a Chief Financial Officer? You may already have a bookkeeper, a tax accountant, even a controller and a finance team. So do you really need more horsepower in your finance department? The J. Edgar Group developed a few questions that can help determine if the time is right.
Fraud in nonprofits makes for sensational headlines and rattles public confidence in the organization. These tips will help make sure you have all the safeguards in place.
Bringing on a new senior manager is a high-stakes, time-consuming venture. Whether you are replacing an existing CFO, adding a part-time CFO, or bringing one on for the first time, these tips from the J. Edgar Group will help you find the right fit for your organization.