Ensure Effective Planning – 4th of 10 Responsibilities of Nonprofit Boards

Nonprofit boards are also tasked with ensuring effective planning.

Through the planning process, they translate the organization’s mission into goals and objectives. These goals become the benchmarks for assessing the organization’s progress over time.

The type of planning that should be implemented will be based on the organization’s culture, life cycle, and capacity. Often an outside company is hired to assist with the planning, but stakeholders should also be included.

The goals can be used as a guide in budgeting and decision-making.

During planning, the board should stay focused on high-level issues, not on the details.


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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