Why a Nonprofit Board Should Assess Itself Each Year.

A nonprofit Board of Directors is responsible for many things in its organization. The Board oversees the operation, provides guidance, and develops policy. A good Board makes for a good organization. So who monitors the Board?
By: HOA Services Atlanta
 
 
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March 8, 2011 - PRLog -- It’s up to the Board itself to evaluate its own activities. An annual self-assessment is a great way to do that.

A good self-assessment is comprehensive and covers all areas of Board responsibility
It helps determine the Board’s effectiveness and level of functioning. It also provides

   * A structured time for reflection.

   * An opportunity to assess individual and group weaknesses and strengths.

   * A springboard for Board member recruitment in the coming year.

   * A way to identify any training that might be needed for the Board.

There are lots of tools out there that can be used to assess Board performance including surveys and questionnaires.

   * How to Grow Your Small Nonprofit Board of Directors
     Recruiting good Board members for small nonprofit organizations isn’t always easy, but it can be done. Here are some good ideas to make it a little easier.

   * 10 Keys to Effective Nonprofit Fundraising in a Soft Economy
     Fundraising in a soft economy offers unique challenges to nonprofit organizations. The bad news is that you will find many doors that were historically open to you suddenly closed. The good news is that the most effective fundraisers are still able to raise significant funds.

   * Why 100% Board Giving is a MUST!
     Your Board is the leadership of your nonprofit organization. Not only do they set policy and plan for the organization’s future, they are expected to set the stage for fundraising by making their own gifts to the organization. This means that each one of your Board members must make a financial gift to the organization. And it should come from their own checking account. Getting a gift from their company is great and welcome, but it’s not the same as giving from their own resources.

   * Why Your Nonprofit Needs a Wish List
     Every nonprofit organization has more needs than they have resources to fill. A Wish List is a great tool for giving donors, volunteers, and prospects ideas about how they can help you. Typically, some items on a wish list can be fulfilled with a monetary gift, but most are usually items that are needed.

It doesn’t matter so much which tool is used as long as one is used.Giving the Board a chance to evaluate its own effectiveness is a step toward best practice in governance. It can contribute to the overall teamwork of the group and satisfaction of individual members. It points out areas where improvement is needed and sets a course of action for the coming year.

Having a policy in place that requires the Board to evaluate itself each year is a great way to make sure that it happens.

The organization will only be as good as its Board, so make the Board the best it can be through annual self-assessment!

Posted in Annual Meeting, Assets, Association Dues, atlanta hoa management, Balance Sheet, Balnace Sheet, Board, Budget, Condo, Condo Board, Equity, Finance, Financial Statement, Financials, hoa, HOA Management, Liabilities, property management, Roberts Rules of Order, Special Assessments, Uncategorized | Tagged: Best practice, Board of directors, Fundraising, Internal Revenue Service, Non-profit organization, Nonprofit Resources, Organization, Small business

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Tags:Annual Meeting, Assets, Association Dues, Atlanta Hoa Management, Balance Sheet, Balnace Sheet, Board, Budget
Industry:Property, Real Estate, Non profit
Location:Kennesaw - Georgia - United States
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