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Category: Non-Profits

Beyond the Board: A Nonprofits Other Governing Bodies

Beyond the Board: A Nonprofits Other Governing Bodies

Nonprofits are structured differently from for-profit entities, and their governance often reflects a broader mission-oriented approach. While the Board of Directors is typically the primary governing body, responsible for guiding and overseeing the organization, nonprofits can benefit from additional layers of management and governance. These supplemental bodies can enhance oversight, offer specialized expertise, and strengthen the nonprofit’s operations. Here are several key governing and managing bodies that nonprofits might establish beyond their Board of Directors. 1. Advisory Board Unlike the…

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Starting a Colorado Non-Profit In a Nutshell

Starting a Colorado Non-Profit In a Nutshell

Below is a guide for helping you get your Colorado non-profit organization up and running. Choose a Name For Your Colorado Non-Profit Organization If you’re starting a new Colorado non-profit organization, the name is one of the most important things to get right. People will remember your organization if it has a memorable name. Also name recognition assists in fundraising efforts. Keep in mind that it should not be too similar to other existing organizations. To begin, see if the…

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Non-Profits and Fiduciary Duties

Non-Profits and Fiduciary Duties

Being on the board of directors (BOD) for a non-profit, comes with duties and obligations. This liability extends to you personally if you breach these responsibilities. Sometimes, people agree to be a director of a non-profit as a resume filler; or to support to a friend, family member, or colleague. Being a director of a non-profit however comes with risks and should be taken seriously. Directors need to be mindful of their fiduciary duties to avoid tax and personal liability….

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