Ensure Adequate Financial Resources/Protect Assets and Provide Financial Oversight
Also known as a rainy day fund.
What is a reserve fund?
A statement about why we exist and the need we are meeting.
What is our mission statement?
This is the most important decision of the Board of Directors.
What is choosing the Executive Director?
It’s one manner in which you can evaluate whether or not your customers are benefitting from your programs or services.
What is conducting a survey or focus group.
Typically 10 to 15 members
What is the ideal board size
This policy guides how reserve funds are managed to ensure the Board’s goals.
What is an investment policy?
A statement about what the community will look like if we achieve our mission.
What is our vision statement?
This group has the skill to identify and keep a strong leader long enough to effect the changes and improvements in the organization’s conditions.
What is an effective and governing board of directors?
It’s one manner in which we can assess the operational effectiveness and popularity of the services we offer.
What is tracking attendance of classes over time
Three years, with an optional extension.
What is Senior Coastsiders’ term limit guideline?
Each Board member needs to make one of these.
What is a personal gift?
Expressly forbidden for all 501 c 3 organizations.
What is lobbying?
Ensuring the organization is prepared for the future.
What is succession planning?
It’s something that should be considered prior to adding new programs or services.
What is considering what current programs should be discontinued.
Posting our Form 990 and annual report on the website are examples of this.
What is transparency?
____ is responsible what ensuring an organization has the funds it needs.
What is the Board?
A behavior that promotes our organization
What is our public image?
This helps the chief executive perform more effectively and to proactively and constructively address any performance issues.
What is a performance review?
It’s the goals and objectives of an organization, or a guide as it progresses over time
What is a Strategic Plan?
Conducting annual audits of revenues, assets, expenditures, and liabilities ensures this.
What is compliance?
Contributed, earned, and government support.
What are types of revenue?
Government decisions that affects our organization
What is public policy?
The annual review process should center primarily on this.
What is “annual goals mutually and previously agreed upon the board and the executive?
It should remain focused on the big picture, define overall guidelines and policies and not micro-manage staff.
What is a good Board of Directors?
The board’s most important responsibility in keeping the organization on the right legal and ethical path.
What is hiring the chief executive?