Finance for Nonprofit Board Members:: Linking Mission to Money

This publication provides valuable financial tools and strategies for the nonprofit board member. The book combines basic definitions with more sophisticated strategies for board members of any financial background. All major aspects of a nonprofit's financial life are addressed, including budget-building and monitoring, monthly and yearly reports, audits, and endowments, as well as strategies for sustaining the organization's mission in good and bad economic times. 106 pages. $20* each Linking Mission to Money was designed to help volunteer board members positively impact an organization s mission by achieving financial goals. The 100-page book, authored by Allen J. Proctor, was developed with support from Grange Insurance and Huntington Bank. The benefit and the liability of being a board member lies with each member of the board, Proctor commented. This book is intended to help volunteers satisfy their commitment by explaining finance as the core of a holistic approach to fulfilling board responsibility Proctor noted that the Sarbanes-Oxley Act (2002) has refocused attention on the responsibility and accountability that board membership brings. He said that board members are fiduciaries, which means they have the legal responsibility and personal liability to know what is going on at their organization. Written specifically for non-financial experts, Linking Mission to Money uses conversational style and short, digestible chapters. Topics range from planning and priorities to sustaining mission through adversity