Building a strong financial foundation

Building a strong financial foundation

Fundamentals, Uncategorized
If you were planning to build your dream home, you wouldn’t start by designing the loft space and the balcony overlooking the swimming pool. Your first step would be to dig down and build the best possible foundation, to make sure your new house was based on solid ground. Only then would you start building on top, adding rooms and creating the perfect living space for you and your family. The same is true of your business planning. If you start developing grand plans for the future of your enterprise without getting your fundamental accounts and finances in order, you’re building your organization on extremely shaky ground – and that’s not an advisable plan for the long-term attainment of your goals. Getting your financial house in order  At Checkbox, we…
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Principle 8: Board Responsibilities

Principle 8: Board Responsibilities

Non Profit Principles: Steering You in the Right Direction
Every nonprofit organization needs to have a governing body that has responsibilities of reviewing and approving the nonprofit’s mission and direction, following an annual budget, and adhering to policies that consists of compensation, practices, and governance. -The board members are responsible for overseeing and governing all the organization’s affairs. -The mission and strategic direction of the organization are set through the board along with the CEO and Senior Staff. And the results should be used as a guide for future decisions. -Having the policies clear is important to help guide and to protect the organization and its board members. LEGAL AND COMPLIANCE ISSUES -All state laws make it a requirement for nonprofit organizations to have a board of directors. -Through the IRS Form 990 has a set of questions that…
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