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BoardSource Overview

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Overview of BoardSource

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BoardSource Overview

  1. 1. Nonprofit Board Service: Being an Effective Board Member Presented & Facilitated by: David Styers Senior Governance Consultant – BoardSource 202-204-8010 dstyers@boardsource.org© 2009. Not to be distributed or reproduced without the express permission of BoardSource.
  2. 2. About BoardSource• Enables organizations to fulfill their missions by helping them build effective boards• Resource for practical information, tools, best practices, training, and leadership development for board members of nonprofit organizations• Formerly the National Center for Nonprofit Boards
  3. 3. What is a Nonprofit?• An organization very similar to a for-profit:  Choose a legal form  Has a Board of Directors and Officers  Pays salaries  Has similar “business” expenses  Makes investments  Produces goods/services  Is able to generate a profit…• The difference is what can be done with the profit:  A for-profit generates profit for the owners.  A nonprofit generates profit to use for the betterment of its mission and society. (Private Inurement Doctrine)
  4. 4. Nonprofit Sector Profile - Nationally Approximately 1.5 million organizations – 50,000 new nonprofits each year $7 billion industry – 5.2% of GDP and 8.3% of wages and salaries paid in US – 1 in 10 workers Contributions: $306 billion (2007) 26.2% of Americans volunteered in 2007 through a formal organization
  5. 5. Primary Board Responsibilities• Build a competent boardSet Organizational Direction Provide Oversight• Determine mission and purpose • Monitor and strengthen• Ensure effective planning programs and services • Protect assets and provide financialEnsure the Necessary Resources oversight• Ensure adequate resources • Ensure legal and ethical• Select the chief executive integrity • Support and evaluate• Enhance the organization’s public the chief executive standing
  6. 6. Board Members’Legal Obligations• Duty of Care – Using your best judgment – Actively participating, paying attention – Asking pertinent questions• Duty of Loyalty – Avoiding conflicts of interest – Putting aside personal and professional interests• Duty of Obedience – Staying true to the organization’s mission – Obeying the law, both public and organizational
  7. 7. Board Responsibilities:Newer Thinking• Build a strong Chief Executive/Board relationship• Develop a high level of trust• Focus on what matters most• Deliberate differently• Evaluate performance
  8. 8. It was great…Thank you! Let us know how BoardSource can help you and your board! BoardSource 750 9th St NW Ste 650 Washington, DC 20001 Phone: 202-349-2500 Fax: 202-349-2599 www.boardsource.org

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