The purpose of term limits is to provide rejuvenation to the board, eliminate stagnation, and allow the board to evolve as organizational needs evolve.
New disclosures are required upon implementation of Accounting Standard Update (ASU) 2020-07, which was issued by the Financial Accounting Standards Board (FASB) to increase transparency of contrib
Fiduciary obligations require charitable non-profit organizations to adhere to the highest ethical and legal standards. In every decision made and action taken, a charitable non-profit must:
A billing scheme is a fraudulent disbursement technique whereby a person submits bills for bogus goods or services, inflated invoices, or invoices for personal purchases to trick their employer int
To launch a capital campaign is a major decision for any nonprofit. Capital campaigns are not for all organizations. Those who decide to start one must ensure:
