The Nonprofit FAQ: Officers

Select an FAQ   (14):

'Excess benefit transactions' and 990s Nonprofits are required to report 'excess benefit transactions' on Form 990. Is that enough, or are there other things an organization might do?

Are board officers the same as corporate officers Not necessarily. And in fact is some cases it is important to keep the distinction clear.

Bad bylaws lead to conflict. What next? A consultant outlines a strategy for a member to press for resolution of a sharp conflict among board members.

Board Basics Some first principles about the board of directors and pointers to other information on the subject.

Can a nonprofit make loans to officers or directors? Some state laws forbid it. Avoiding 'intermediate sanctions' will require some care in any case.

Does an NPO really need a Treasurer? In a volunteer-based organization, the treasurer may actually keep the books. In larger organizations, the responsibilities of the role change.

How do we hire a new or replacement Chief Executive Officer? The Free Management Library offers guidelines for hiring a chief executive officer for the first time or as a replacement.

How should we thank an anonymous donor? Obviously, the donor's name isn't published anywhere. But other ways of saying 'thank you' may be appropriate.

Is a Board Necessary? Many factors affect the answer to the question. Being incorporated is probably a good idea; corporations usually have boards.

Is it common practice for board members to be compensated? In a word, no.

What are job descriptions for nonprofit board members? Suggestions for duties and responsibilities for board members and officers.

What is an Executive Committee? This term usually refers to a smaller group of board members that has been delegated specific powers to act in certain circumstances on behalf of the full board.

What is the role of a chief operating officer in a nonprofit, and how do we know whether we need one? Bridgestar.org offers two essays on the topic.

What's the purpose of board committees? Board committees provide organized, focused means for members to achieve goals and address issues.