The value of nonprofit board members – beyond money and name-recognition – was given much deserved recognition last week when the first Brooke W. Mahoney Award was presented to Harlem RBI by the Volunteer Consulting Group.

For Nonprofit Board Members, Financial Compliance is Good Business and It's the Law

by Guest Blogger on Oct 5, 2009 - 5:40pm

accountability best practices conflicts of interest document retention executive director compensation financial oversight fiscal oversight Form 990 How To IRS nonprofit board members nonprofit boards regulatory compliance

By Michael Davidson, October 05, 2009

The Form 990 your organization files in 2010 will hold your board accountable for active, documented financial oversight of your organization. Leaders of nonprofits will be required to report on the existence and on the enforcement of policies on:

Conflicts of Interest
Whistle Blower Protection
Document Retention and Destruction
Executive Compensation
Accounting Procedures

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