Ten Basic Responsibilities of Nonprofit Boards

Some think the sole responsibility of nonprofit boards is to raise funds, while others think boards rubberstamp decisions made by chief executives.

To truly reach their potential, organizations need vibrant and effective boards made up of engaged individuals with diverse backgrounds and skills. Boards set the direction for organizations. They are the guardians of the vision and enforce ethical guidelines. They are policy-makers, fundraisers, ambassadors, and strategic thinkers.

They monitor progress, evaluate the performance of the organization, and should demonstrate integrity in everything they do on behalf of the organization.

Ultimately, they are the foundation of all the great work done by the 1.6 million nonprofits in the U.S.

Boards must not only have great passion for their job, but also understand all the responsibilities that come with their position.

BoardSource has created a video series and published a book called Ten Basic Responsibilities of Nonprofit Boards, both of which can serve as resources to help educate board members.

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About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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