Non-profits have an obligation to act as responsible stewards in managing their financial resources. They must comply with all legal financial requirements and adhere to sound accounting principles that produce reliable financial information, ensure fiscal responsibility and build public trust. In addition, non-profits act as the intermediary between donors and beneficiaries and have an ethical obligation to ensure proper handling of funds to carry out their missions.
Questions include:
- The percentage of board members who make personal contributions.
- The organization complies with all federal, state and local laws concerning fundraising practices.
- The percentage of $250+ donors who received a written acknowledgement in the previous calendar year.