Nonprofit boards are crucial to the success of any organisation. They are accountable for providing financial oversight, ensuring the nonprofit has enough resources to meet its goals, and ensuring that the organization operates within the legal guidelines. They also play a crucial role in fundraising. Board members also have a fiduciary obligation to treat the assets of the non-profit as if it were their own. They are not allowed to make decisions to gain personal advantage or benefit the organization.

Nonprofits should search for board members who meet the following qualities:

Passion Board members must be passionate about the nonprofit’s mission and possess the desire to act. If your board doesn’t have this it will struggle to be productive.

Commitment: To be successful, a nonprofit organization needs the dedication of its volunteers and staff. Additionally your board needs to be willing to invest time, energy and money.

Skills: A competent board of directors should have expertise in areas such as governance, strategic planning, and oversight of organizations. It should be able to identify talents and recruit candidates for leadership positions.

All employees of a non-profit must adhere to a conflicts-of-interest policy. Infractions to this policy could lead to fines and penalties from the IRS or state-level „Sunshine Laws.“ It is for this reason that many nonprofits require board members to sign agreements on conflict of interest.