Are Your Nonprofit Board Meetings as Efficient as They Should Be?
According to BoardSource, nonprofit boards that meet monthly should wrap up all business within one to two hours. If your meetings often run longer, it could be a sign of poor planning and focus. This lack of structure may frustrate busy board members, cause them to lose confidence in leadership, or even lead them to […]
Nonprofits: Act Thoroughly on Audit Findings
External audits play a crucial role in ensuring your nonprofit’s stakeholders that your financial statements are accurately presented according to U.S. Generally Accepted Accounting Principles (GAAP). They are also instrumental in preventing occupational fraud. Audit reports often contain recommendations that organizations should act on to mitigate risks or concerns identified during the audit. Ignoring these […]
