APPENDIX 4BSUMMARY OF TRUSTEE RESPONSIBILITIES AND QUALIFICATIONS

BOARD OF TRUSTEES

SUMMARY OF RESPONSIBILITIES Members of the board of trustees of a nonprofit organization must assume their role with a full understanding of the accountability and liability, both personal and organizational, resulting from their service in their particular state. Specific responsibilities include but are not necessarily limited to:

  • Determine the organization's mission and ensure that it is being carried out, as documented by federal and state law.
  • Set policies for ensuring that the organization operates according to its bylaws, the law, and ethical standards.
  • Ensure compliance with the rules and regulations set by federal, state, and local governments that have jurisdiction over it (e.g., filing tax returns with the IRS).
  • Make certain that donated funds are used for the purposes of the organization, as prescribed by the donor.
  • Fulfill the legal requirements of the organization as an employer, including the payment of payroll taxes for the organization's employees.
  • Develop the organization's overall program and engage in long-range strategic planning to establish its general course for the future.
  • Oversee the financial health of the organization and establish fiscal policy and boundaries with budgets and financial controls.
  • Provide adequate resources to operate the organization through direct financial contributions and a commitment to fundraising.
  • Select and evaluate the performance of ...

Get Financial Management for Nonprofit Organizations, 3rd Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.