Tree of Responsibility
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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
Mission Statement
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
- Ethical
- Day-to-day operations
- Bylaws ( internal operating manual )
- Holding meetings
- Election of directors
- Record Keeping
- Bylaws ( internal operating manual )
Required Positions
- President
- Secretary
- Treasurer
Additional Positions
- Vice-President
- CTO
- PR Director
- Director-at-Large #1
- Director-at-Large #2