Trustees' Governance Resources Guide
4. Finances
For Trustees of Christian Science Nursing Organizations
Financial Management Oversight
It’s the Board’s job to ensure financial oversight for the organization. The Board will be responsible for monitoring how closely financial activity matches the actual budget, looking into how much programs and services cost, and whether that cost is appropriate.
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This article from National Council of Nonprofits, “Financial Literacy for Nonprofit Boards”, gives actionable advice and additional financial resources for boards.
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Find a recent Form 990 online (IRS.gov)
“Highlights of the IRS Form 990” (Candid.org)
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“Reporting Financial Information to the Board,” Describes what information board members should regularly receive, and what they should receive depending on what they intend to use the info for. Reproduced with permission of Propel Nonprofits, Minneapolis, Minnesota.