Publisher's Synopsis
Being a part of a nonprofit is one of the most stimulating and gratifying journeys that you'll ever experience. And just like most journeys, running a nonprofit organization can include unknown pathways. This practical guide will assist you in staying financially compliant and keeping your nonprofit running smoothly. Creating a Successful Nonprofit by Knowing the Numbers - A Guide for Founders and Board Members covers all of the essential aspects of paying the staff, donation requirements, financial reporting and taxation. In addition, it defines a nonprofit organization, the role and responsibilities of its board of directors, relevant compliance and governance issues. Not only does this book outline the policies most nonprofit organizations should have in place, but a variety of sample policies are included in the appendices to make implementation easier.
Nonprofit founders, board and finance committee members oversee the financial affairs of nonprofit organizations. Even though overseeing the financial affairs does not require one to be a financial expert, it is important to know what is vital and how to analyze the information presented to the board. This resource guide will assist nonprofit leaders with this process in a basic, easy-to-read format. The book will help existing nonprofit board members like YOU, understand their fiduciary duties and delve into the differences between for-profit and nonprofit businesses to assist in navigating all of the subtleties that nonprofit organization's face on a daily basis. From beginners to experts, everybody can glean from this comprehensive guide.
