Nonprofit Insurance Program

Good Governance in Your Nonprofit Organization

By Alexa Connelly
February 21, 2012

So the IRS is cracking down to make sure good governance guidelines are being followed. What do they want from us anyway?? They want us to meet the best practice standards. We need to start off by having the Nonprofit Organization board engaged and informed because they are more likely to provide financial support and expertise. This means the board needs to know about financial transactions. The size of the Nonprofit board of directors and committees is important to remember because a large number can lead to clumsy decisions. Policies for all finances and spending with documentation should be reviewed to help avoid fraud. Remember to follow your policies and procedures and stick to your mission!

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