A month or so ago, I noted BoardSource.org as a resource for board related questions such as how to form one and what it means to be a board member. I wanted to revisit it and take a closer look at what it offers.
While portions of the webpage like the Topic Papers are only available to members ($137/yr, $250 for 2 years), there is still plenty of guidance provided in other areas. One of the services they provide are examples of “governance in the news” where they list a news story and then provide a brief commentary on the implications of the story.
The Q&A section is fairly large and briefly covers a wide range of topics. I thought I would summarize some of the contents just to give readers an idea of some of the considerations that go into non-profit board service.
Assessment, Effectiveness, Strategic Planning-These three sections deal with questions about the board assessing its effectiveness as well as how to evaluate the executive staff member.
Board Development and Composition/Structure-These areas deals with mission/value statements, effective board retreats, board size, term length, diverse membership without tokenism and the governance/nominating committee. The composition area also provides statistics about how many minority and female board members there are in the US.
Board Meetings-This is a large area of the website dealing with everything from how to run a meeting, how often to run them, sunshine laws, parlimentary procedure/Robert’s Rules of Order, attendance and minute taking.
Compensation-This section deals with the rare case of board member compensation (non-profit board members do not get paid, unlike for-profit members), doing business with board members and IRS sanctions for exploiting non-profit status.
Financial Issues-A very detailed and very important section that deals with audits, finding an auditor, questions a board should ask about finances and about audited procedures, investment policies, endowments, unrelated business income tax, assessing the budget.
Fundraising-Another big, crucial area that covers questions like: “Should board members be required to make an annual contribution” (and how many organizations do require it?), restricted grants, best solicitation methods, donor recognition, what foundations look for in board governance, case statements and fundraising resources.
Legal Issues-Still another important area for boards. Here they deal with conflict of interest, ethics, proxy voting, Director and Officer Insurance, Form 990, lobbying and political action committees, laws governing non-profits, sunshine laws and finding a lawyer and insurance agent.
Nonprofit Sector-This is just a general information area on non-profits. Talks about what they are, the difference between 501 (c) (3), (4) and (6) status, finding college courses in non-profit management, researching financials of non-profit orgs, etc.
Organizational Issues-Basically covers making the decision to become a non-profit and the paperwork and issues to be addressed to implement that plan.
Recruit and Orient- This section deals with deciding what type of people (profession-wise) will give your board depth, questions to ask potential members, information you collect from members, courting new members and whether to have board member contracts.
Role and Responsibility- Very important section, especially for those who have never served on a non-profit board. This area discusses differences between governing and advisory boards, why non-profits need boards, what to do if you don’t agree with the board decision, duties of a board chair, board member sabbaticals, disruptive board members and benefits of board service.
There are also sections (names are self-explanatory as to the contents) on Board/Staff relations, Board Chair/CEO relations, Roles of Committees and Canadian Nonprofit resources.
As I mentioned, the answers aren’t very detailed, but they do provide guidances as to where to find specific answers. The Q&A section would be valuable in providing a potential board member a fairly thorough overview of what non-profit board service involved.
Exciting World of Boards
Artsjournal.com had a link to an interesting article on boards today because it deals with some misunderstanding and misconceptions about serving on a non-profit board. The article from the Tacoma, WA News Tribune is pretty interesting just as a story…