Board Finance Role

Board's Role in Finance

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.

Resources

A limited number of resources are available to you if you are not logged in or are not yet a member of the Center. To gain access to all of the resources on this page:
Become a member
Create an Account
Log in

Charter Sample - Finance Committee

Get this sample finance committee charter which includes a clear list of differences between the responsibilities of the finance committee versus the audit committee.

WhistleBlower Protection Policy

Adapt this template for a whistleblower protection policy to meet your needs.

10 Step Budgeting Checklist

Use this handy checklist to make sure you've covered all the bases in your budgeting plan.

Login to access all NonprofitNext content
Assess Your Financial Strengths and Weaknesses

Use this worksheet to capture a snapshot of your nonprofit's financial strengths and weaknesses.

Login to access all NonprofitNext content
Audit vs. Financial Review

Depending on the revenue of your organization you may need a yearly financial review or an audit. This resource provides some insight and NH guidelines for which one you need.

Login to access all NonprofitNext content
Board Member's Review of Form 990

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.

Login to access all NonprofitNext content
Board's Role in CEO Compensation

This resource from Nathan Wechsler & Company looks at which factors you need to take into consideration when determining reasonable compensation for your CEO.

Login to access all NonprofitNext content
Financial Dashboard Sample

Present pertinent financial data to your board using this dashboard template.

Login to access all NonprofitNext content
Financial Questions Boards Should Ask

Use this list of financial questions as a guide to meeting your duty of financial oversight.

Login to access all NonprofitNext content
Financial Statement Analysis

Nathan Wechsler & Company share this document to help answer the question "What should I be looking for in the financial statement?"

Login to access all NonprofitNext content
Fiscal Policy Sample

Use this sample policy as a starting point for finalizing your own.

Login to access all NonprofitNext content
How to Know if You Need a CFO

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.

Login to access all NonprofitNext content
Organization Dashboard Sample

An organization dashboard is a great way to organize financial information to present to your board and management team.

Login to access all NonprofitNext content
Preventing Fraud

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.

Login to access all NonprofitNext content
Top Tips for Hiring the Right CFO

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.

Login to access all NonprofitNext content
Subscribe to Board Finance Role
 

Unprecedented Collaboration

Nearly 20 foundations and corporations have invested in building the capacity of NH nonprofits through their support of this project.

Learn more about the collaborators

 

The Go Factor

In the triad of "ready, set, go" NonprofitNext is the "Go Factor." Tools that you find here allow you to quickly move into action by downloading a resource that you can use today - A checklist, a template, information to bring to your next board meeting.

 

Contribute

Do you have a template or a sample that could save time for your peers in the sector? Help us build the most robust, extensive set of resources available. Send your content and your ideas to nonprofitnext@nhnonprofits.org

 

Support

Can't find what you're looking for? Try the search function at the top of each page. Still can't find it? Let us know what you're looking for. Email help@nhnonprofits.org or call 603 225-1947.

194 Pleasant Street, Suite 14
Concord, NH 03301
P: 603-225-1947

Disclaimer
The materials on this website are provided for informational purposes only and do not constitute legal advice. Although we strive to ensure that our information is accurate and useful, we recommend you consult a lawyer if you want legal advice. Check out our Special Offers Page or Business Yellow Pages for legal services listings.