Our kids, our school, our board of directors
Our kids, our school, our board of directors
The board of directors is essential to the success of a nonprofit organization. Its responsibilities include setting strategic direction, ensuring resources are available and used wisely, and holding the organization accountable to legal, ethical, and mission-driven standards.
Fiduciary Duty
The board has a fiduciary obligation to act in the best interests of the organization. This responsibility includes:
Financial Oversight: Approving budgets, monitoring financial performance, and ensuring compliance with financial regulations.
Resource Stewardship: Managing the organization’s assets with the same care as personal assets, accepting responsibility for both proper and improper use.
Fundraising Support: Ensuring the organization has adequate resources to achieve its goals and actively supporting fundraising efforts.
Oversight of Management
The board provides oversight and support to the organization’s leadership. Core responsibilities include:
Hiring and evaluating the executive director (or equivalent role).
Setting fair and competitive staff compensation.
Providing guidance and accountability to ensure effective and efficient operations.
Legal and Ethical Responsibility
The board safeguards the organization’s integrity by ensuring compliance and ethical conduct. This involves:
Ensuring adherence to all laws, rules, and regulations.
Upholding high ethical standards in decision-making and operations.
Protecting the organization’s reputation and maintaining community trust.
Mission Alignment
The board ensures that the organization remains focused on its purpose. Key duties include:
Defining the mission, vision, and values.
Monitoring progress toward organizational goals.
Ensuring all strategies and resources advance the mission effectively.