Duties and Responsibilities of a Nonprofit Board of Directors
Duties and Responsibilities of a Nonprofit Board of Directors
Presented by Andrew Marietta
VP, Regional Development
amarietta@; 800-515-5012 ext. 141
Community Focus w Statewide Impact w National Network
? 2017 NYCON
Today's Agenda
Overview of the Board's legal and fiduciary responsibilities
Understanding the important role of bylaws Defining the Nonprofit Revitalization Act Overview of the Board's policy and monitoring
functions Considerations for building an effective committee
structure
Community Focus | Statewide Impact | National Network
The Mission
? The tax-exempt purposes for which resources are to be devoted
? Exempt activities flow from mission ? Define scope of activities & who you serve ? Unrelated Business Income Tax (UBIT ) ? Public support test
? Official statement is in your Certificate of Incorporation (filed with Dept. of State) and/or Charter (registered with Dept.
of Education)
? Check IRS application & IRS Form 990
Community Focus | Statewide Impact | National Network
Board Accountability Landscape
Community Focus | Statewide Impact | National Network
Board Members are Fiduciaries
Fiduciaries act for someone else's benefit; Fiduciary responsibilities exist in connection with
the administration, investment & distribution of someone else's assets. The duty of the fiduciary consists of the Duties of Care, Obedience & Loyalty
Community Focus | Statewide Impact | National Network
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