Little Book Of Boards

Question 1

What are the three core responsibilities of a nonprofit board?

Answer 1

Mission, policy, and financial oversight

These responsibilities are crucial for the governance of any nonprofit organization.

Question 2

True or False: The duties of a nonprofit board are optional.

Answer 2

False

All duties are necessary, but the core responsibilities form the legal and fiduciary foundation.

Question 3

What is the first task of a nonprofit board?

Answer 3

Ensuring that a nonprofit is on mission

This task is fundamental for guiding the organization.

Question 4

What is the second task of a nonprofit board?

Answer 4

Setting general policy for how the mission is carried out

Policies help define the operational approach to achieving the mission.

Question 5

What is the third task of a nonprofit board?

Answer 5

Ensuring that it has the financial resources to carry out its mission

Financial oversight is critical for sustainability and effectiveness.

Question 6

Fill in the blank: The three core responsibilities of a nonprofit board are mission, policy, and _______.

Answer 6

financial oversight

This triad is essential for the board’s governance role.

Question 7

What should an executive director be able to do with established mission, policy, and budget?

Answer 7

Carry out the vast majority of the daily business of a nonprofit on behalf of the board

This delegation allows the board to focus on governance rather than daily operations.