Sep 17, 2015
Description
As trustees, the board is legally responsible for the organization, its activities, personnel and finances. Boards execute their responsibility by providing financial, fiscal and fiduciary oversight. Watch the video for a discussion of the four duties of nonprofit board members as outlined by the New Mexico Attorney General, as well as the 3 Fs of oversight.
Handout
Oversight and the 3 Fs: Financial, Fiscal and Fiduciary PowerPoint presentation
Resources
- New Mexico Attorney General's Charities United, NM-COROS
- New Mexico Giude for Board Members of Charitable Organizations - legal duties as defined by New Mexico Attorney General
- IRS Tax Information for Charities and Other Nonprofits
- Payment Card Industry Standards Quick Reference Guide
- Conflict of Interest Policy Samples - by Montana Nonprofit Association; by CompassPoint; and by IRS
Topic:
Fundraising
Financial Management