ceo and the board of directors
The role of nonprofit boards is essential to the success of an organization. They are the ones who govern, promote and oversee the nonprofit’s vision mission goals, objectives, and values. They also have to make decisions that ensure the long-term viability of the organization. This includes the board’s duty to safeguard the organization from financial ruin and ensure that the public trusts the organization.
Another important job that falls on nonprofit boards is oversight of legality. This means making sure that state, local or federal laws are adhered to by the non-profit. It also involves the submission and renewal of paperwork to appropriate government agencies (in the US that would be the IRS).
The board is responsible to determine the policies that govern the way that the organization operates. This includes a range of things, including how employees are managed and how donor/supporter information is handled, and how fundraising activities are carried out.
In addition to creating policies, the board is responsible for the creation and implementation of budgets. This includes the creation of short- and longer-term strategic plans with the help of the executive director, the entire staff, and key stakeholders.
It is crucial that the board members all understand their duties and responsibilities for the organization to succeed. If you don’t have a clear understanding of your board’s responsibilities, your nonprofit is vulnerable to micromanagement and mismanagement. It is essential to educate new Board members on the responsibilities of boards before they join.