Compensation Policies

An important part of good governance is setting compensation for your executive director/CEO and other senior leaders. Your stakeholders want to see that you’re using your resources wisely, and this includes paying senior leaders fairly and competitively, but not so...

Conflict of Interests Policies

Every organization should have in place a conflict of interest policy to guide how disclosures will be made and decisions made when a potential conflict is present. At a minimum, the policy should cover board members, officers, and key employees, though some broader...

Principles of Financial Management

There are certain guiding principles you should use to structure your accounting methods and financial reporting and management. When you follow them, your financial information will be easier to understand and more usable by leaders in your organizations who rely on...

Budgets and Ongoing Financial Management

Preparing a budget is only the first step in managing your organization’s finances. Throughout the year, you should be doing ongoing monitoring and projections, making adjustments as necessary to the current year’s fundraising and expenses, and working new...