who manage a not for profit organization?
Answers
hlo mate here is ur ans.
1)Review and understand the requirements under which you must operate your organization to stay within the laws governing your nonprofit. Some nonprofits are not governed by the IRS code--the nonprofit status is granted by a state and you will only need to follow that state's regulations. If you have received a 501(c) designation from the IRS, you'll have to follow the regulations for your particular designation.
2)Determine whether your organization has an IRS 501(c) classification. Your accounting practices and allowed operating methods will differ for different classifications. For example, a 501(c)(3) organization is considered a charity, and donations made to the organization are tax-deductible. A 501(c)(6) organization is tax-exempt, meaning it pays no taxes on most income earned, but donors to the organization do not receive a tax deduction for making a donation.
An example of a 501(c)(6) organization would be a trade association of plumbers. If that plumber's association set up a 501(c)(3) foundation, the foundation's donors could write off contributions. The 501(c)(3) foundation could conduct charitable, research or educational activities, but not promote the industry or plumbers, which the 501(c)(6) association could do under its IRS designation.
3)Read and understand your bylaws to ensure you follow the requirements to operate the organization under which your IRS status was granted. For example, if your bylaws state that you must have seven board members and a vote by the membership each year to elect board members, you must follow these bylaws to keep your IRS status.
4)Create job descriptions for committee members, with the purpose of the committee, scope of work and responsibilities of committee chairs and members. Many nonprofits solicit volunteers, then don't give them clear directions on how to operate their committees.
5)Groom future board and committee members in advance of their service by recruiting potential officers and chairs to serve on committees. Recruit from your membership base, industry vendors and suppliers, academia or well-known celebrities or industry leaders. Your bylaws may have guidelines for board participation, so review them prior to making invitations. Show all committee members the job descriptions of committee chairmen and members; the committee's budget; historical progress or results of the committee; any short- or long-range plans for the committee.
6)Work with legal counsel and a tax attorney to ensure that your operating procedures, accounting and any activities your organization conducts fall within the limits of your nonprofit designation.
7)Research nonprofit best practices for your type of nonprofit organization to ensure sound fiscal management and growth; proper membership or donor attraction and retention; industry supplier participation; cross-organization cooperation; and other areas of specific nonprofit operations. Organizations, such as the American Society of Association Executives, offer a wealth of information on the management and governance of nonprofits.
hope this helps uh dear ;)