How Many Directors Does your Nonprofit’s Board Need?

State law typically specifies the minimum number of directors a not-for-profit must have on its board. But so long as organizations fulfill that requirement, it’s up to them to determine how many total board members they need. Several guidelines can help you arrive at the right number. Small vs. largeBoth small and large boards come […]

Year-End Accounting Recap

The Financial Accounting Standards Board (FASB) hasn’t issued any major new accounting rules in 2019. But there have been some important developments to be aware of when preparing annual financial statements under U.S. Generally Accepted Accounting Principles (GAAP). Deferral of major accounting rulesAccounting Standards Update (ASU) No. 2019-09 delays the effective date of the updated […]