In this article we’ll share with you the contents of the board member’s binder that we have developed for our association management clients. The binder serves at four primary purposes: It is an orientation resource for new members It is evidence of the board’s work for existing board members [...]
The purpose of this article is to provide new not-for-profit board members with suggestions of where to obtain the information you may need to fulfill your new new role and make a positive difference to your organization. Your Legal Responsibilities “The Board of Directors is accountable to the members [...]
The purpose of this blog is to suggest some ways that an association can influence how a member reacts when s/he receives and opens an email whose attachment is an invoice for the privilege of membership. Many years ago, when I was in the restaurant business, I was happy [...]
Board members are responsible for the financial governance of their organization. One of these responsibilities is to monitor the budget using internally prepared financial reports. The purpose of this article is to help board members who do not have financial experience learn some of the things to look for [...]
The purpose of this article is to help board members who do not have financial experience understand their organization’s financial reporting and their personal responsibilities associated with that. Responsibilities of Board Members A recent quote in Trustee Magazine did a nice job of explaining the connection between financial reporting [...]
A little bit of well thought-out preparation for your organization’s annual audit may reduce the cost of the audit but will definitely make the audit process less stressful. Start by anticipating a few common questions and by having the answers ready for your external accountant. Be Sure to Balance [...]
The purpose of this blog is to help you with the process of changing auditors or external accountants. To begin, the bylaws of your association[1] will state if an annual audit is required or if the annual review of financial statements can be conducted by an external accountant. Compliance [...]
A successful treasurer ensures your association operates within its approved budget, because without money your organization’s mission may be more difficult or impossible to achieve. This blog is intended to provide an overview of what “things” a non-accountant treasurer needs to know. Not-for-Profit Accounting Speak The financial statements of [...]
