Nonprofit boards are groups comprised of people who manage an organization. They do this through regular sessions, with the purpose of setting the strategy and direction, ensuring the availability of resources and oversight. Boards can also engage in charitable activities, like fundraising, and provide professional services pro bono to the non-profit.

The majority of states have the minimum number of board members that the nonprofit must have, and some even require that the boards be diverse to keep their tax-exempt status. The diversity requirement isn’t meant to be a political ploy however, diversity should be based on the absence of conflicts of interest or any other reason that would prevent individuals from serving on a nonprofit board.

The board’s duties include appointing the committees, selecting the CEO and remuneration, establishing the budget and overseeing legal matters, reviewing and approving financial statements, determining the pay of senior staff members and developing the strategy. Boards also help to represent the company in the community and when interacting with government agencies, donors and media.

Boards are not just required to appoint committees, select and pay the CEO, and create the budget, but also perform due diligence on potential donors to ensure they are legit and can be relied upon to make donations to charities. They must also approve, review and maintain good minutes of each meeting. A functioning board will be committed to its duties and will work as a unit to achieve success.

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