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Category Archives: Board
Are Nonprofits “Follow the Money” Obsessed?
Have the leaders of nonprofits been overly incentivized to “follow the money,” resulting in a troubling shift in the composition of boards? The answer is yes according to a recent article in the Stanford Social Innovation Review. The trend may … Continue reading
Tagged accountability, directors, money, NonProfits, wall street
Will the Real Directors Please Stand Up
There is a lot of confusion among nonprofits with regard to ex officio directors. Who are they and how are they different from other directors? The term ex officio comes from Latin and means “from the office.” Thus, an ex … Continue reading
Former Executive Director Embezzles $900K from Charity
The former Executive Director of We Stay-Nos Quedamos, a South Bronx housing and social services nonprofit, recently pleaded guilty to diverting nearly $900,000 from the organization. How did she do it? According to the New York Attorney General’s office, Yolanda … Continue reading
Is Preventing Poverty Charitable?
According to the Canada Revenue Agency (CRA), the answer is No. CRA recently told Oxfam Canada that its mission to prevent poverty was too broad in that it could benefit people who are not already poor. The review was part … Continue reading
Tagged mission, NonProfits, tax-exempt organizations
Off-the-Court Conflicts for the U.S.T.A.
As the U.S. Open got started this week, The New York Times was more interested in conflicts off the court than on it. An examination of the United States Tennis Association (U.S.T.A.), the 501(c)(6) national governing body for the sport … Continue reading
To Take Or Not to Take … (A Scandalous Donation)
America’s historically black colleges and universities are facing a hard choice: continue struggling for much needed funds or accept a donation from David and Charles Koch. From one perspective, this is a win-win scenario. The colleges get funding in the … Continue reading
Vendor Warning
Do you check references before you engage vendors for your organization’s fundraising events? If not, you should. The New York Times Haggler recently reminded us why. In a recent post, the Haggler investigated a company called CreditCardMachineRentals.com, which charged a … Continue reading
Who’s Protecting My Donation from a “Significant Diversion”?
Donors around the country are asking themselves that since The Washington Post published a series of articles reporting that more than 1,000 nonprofit organizations have reported a “significant diversion” of assets since 2008. A significant diversion is one that is … Continue reading
Horror Stories from the Trenches
With Halloween quickly approaching, now is the time to face your non-profit demons. Do you consistently lose sleep worrying whether your non-profit is operating lawfully? Do you ever wonder whether you should be doing more as a director? Stop burying … Continue reading
Choose Grant Recipients Wisely
How carefully does your nonprofit’s board choose grant recipients? If you don’t know, here is a wake-up call. One Fund Boston, the 501(c)(3) established to assist victims and families affected by the Boston Marathon bombings, recently approved payment of $480,000 … Continue reading