Tree of Responsibility

Delegation of responsibility

• A responsibility may be delegated to another party
• Delegation creates the responsibility of: oversight of delegated party

Fiduciary Responsibility

• Federal Mandates
• Illinois Mandates

Board of Directors

• Advancement of mission
• Creation of policy
  • Ethical
    • Duty of Care: Take care of the nonprofit by ensuring prudent use of all assets, including facility, people, and good will;
    • Duty of Loyalty: Ensure that the nonprofit's activities and transactions are, first and foremost, advancing its mission; Recognize and disclose conflicts of interest; Make decisions that are in the best interest of the nonprofit corporation; not in the best interest of the individual board member (or any other individual or for-profit entity).
    • Duty of Obedience: Ensure that the nonprofit obeys applicable laws and regulations; follows its own bylaws; and that the nonprofit adheres to its stated corporate purposes/mission.
  • Legal
    • Fundraising activities require registration with Illinois Attorney General
  • Financial
  • Set accounting period
  • Corporate bank account
• Day-to-day operations
  • Bylaws ( internal operating manual )
    • Holding meetings
    • Election of directors
  • Record Keeping

Required Positions

• President
• Secretary
• Treasurer

Additional Positions

• Vice-President
• CTO
• PR Director
• Director-at-Large #1
• Director-at-Large #2

Further Reading

• https://www.councilofnonprofits.org/tools-resources/board-roles-and-responsibilities