Category: Nonprofit Board of Directors

Mastering Budgeting: A Crucial Guide for Nonprofit Financial Health and Mission Fulfillment

Posted on by Haley Neitzel

In an environment of rising costs, shifting funding sources, and heightened accountability, nonprofit financial health depends on more than good intentions—it requires disciplined planning. A well-constructed nonprofit budget is one of the most powerful tools leaders have to translate mission into action, align resources with priorities, and anticipate financial risk before it becomes a crisis. Unlike a static…

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6 Nonprofit Accounting Best Practices to be Thankful For

Posted on by Haley Neitzel
6 Nonprofit Accounting Best Practices to be Thankful For

As the season of gratitude unfolds, it’s a perfect time for nonprofit organizations to reflect on the foundational elements that safeguard their financial integrity and reputation. Let’s express thanks for these 6 essential nonprofit accounting standards. They not only help mitigate fraud risk but also ensure a well-run and well-respected accounting function.  1. Segregation of…

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The Crucial Role of a Nonprofit Board Treasurer: Navigating Finances for a Purposeful Future

Posted on by Haley Neitzel

In the vast and diverse landscape of nonprofit organizations, few roles are as critical as that of the board treasurer. A nonprofit board treasurer holds the key to the organization’s financial stability and sustainability, ensuring that its resources are managed responsibly and directed toward fulfilling the mission. In this blog, we will explore the indispensable…

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Why Numbers Matter to a Nonprofit Board

Posted on by Haley Neitzel

For Nonprofit Boards, Numbers Are a Necessity    As a Board member for a nonprofit organization, you’re expected to attend Board meetings, monitor fundraising and management, digest reports, and help the organization determine its strategic direction. You’re also expected—and, indeed, compelled by law—to oversee the organization’s finances as part of the fiduciary responsibility of a Board. …

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How to Review Financial Reports: A Guide for Nonprofit Boards

Posted on by Haley Neitzel

One of the most important duties as a member of a nonprofit’s Board of Directors is the stewardship of the organization’s financial resources. Board members play a pivotal role in monitoring the financial health of the organization. In fact, it is the fiduciary responsibility of the Board to do so. One of the ways the Board achieves this is by regularly reviewing several different financial reports.   These financial documents…

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