In many nonprofits, a time comes when the question arises: should the organization accept personal loans from board members? Although this article does not try to answer that question, it does outline some of the choices in how such loans can be made and can be used as a starting point for discussion with your board or personal financial advisor. (Blue Avocado)
Loans From Nonprofit Board Members
Kate Barr, executive director of Propel Nonprofits, lays out how to understand the roles of the treasurer and finance committee, along with how to recruit for these positions.
Whether your nonprofit is more like an intimate family or an enormous well-oiled machine, fraud can occur, and when it happens, it can damage your reputation, relationships with funders, and staff morale. In other words, you can't afford it. (Nonprofit Quarterly)
Maximizing Nonprofit Internal Controls: An Essential Guide for Even the Most Pure
Operating Reserves for Nonprofits - For seven consecutive years Nonprofit Finance Fund’s State of the Sector report revealed that less than 25% percent of those nonprofits responding had more than 6 months of cash in reserve. In fact the majority of the nonprofits responding reported that they had less than three months of operating reserves on hand.
Use these sample policies as a guideline to create an investment policy for your organization.
Sample reserve fund policy examples you can adapt for your organization provided by Propel Nonprofits.
Operating Reserves with Nonprofit Policy Examples
A sample RFP for audit services that you can adapt for your organization.
This Common Ground article includes short-term and long-term strategies to help your organization deal with a board member who is not contributing to the well-being of the board and the organization (also available in Spanish).
Additionally, you may wish to review:
How can nonprofit boards unite their diverse personal views on complex policy issues and arrive at strong organizational positions?