|
501(c)(3)
· Action steps · Advisory
Committee · Articles of Incorporation
· Artistic Director ·
Audit · Board
of Directors · Board Manual
· Bylaws · Brainstorm
A-B | C-D
| E-Z
501(c)(3)
Status the Internal
Revenue Service (IRS) gives an organization when it deems
it nonprofit, tax-exempt under the 501c section of the IRS
Code. Among other things this stipulates that donations made
to the organizations are tax deductible.
Action Steps/Tactics
Specific steps to be taken to implement the strategies. Each
action step will be assigned an individual who is responsible
and a start and completion date.
Advisory Committee
A group of individuals who make their expertise and experience
— and sometimes their celebrity — available to the
board of directors of a nonprofit organization. Allow well-known
persons to provide service to an organization without having
to become involved in its actual governance.
Articles of Incorporation
An official statement of creation of an organization; it is
filed with the Ohio Secretary of State to establish you as a not for profit corporation under Ohio law. See Nonprofit
Status.
Artistic Director
Chief staff person who is responsible for the artistic decisions
of an arts organization, including overall artistic vision
and programming choices. Generally members of the artistic
staff, such as choreographers, stage directors, music directors,
etc, report to this person, not to the executive
director or general manager. See Human
Resources.
Audit
The process whereby the IRS
examines the books and records of an organization, and witnesses,
in search of compliance with the internal revenue laws. All
nonprofit organizations must hire an independent auditor to
compile an annual audit. See Nonprofit
Status.
Board of Directors
Two or more individuals who serve, by election, as the governing
body of an organization. Their responsibilities include: determining
the organization's policies for operation; ensuring that the
provisions of the organization's bylaws
and the law are being followed; engaging in long-range planning
to establish the general course for the future; establishing
fiscal policy and boundaries with budgets
and financial control; providing adequate resources for
the activities of the organization through direct financial
contributions and a commitment to fundraising;
selecting, evaluating, and terminating the appointment of
the chief executive; developing
and maintaining a communication link with the community; and
promoting and advocating for the work of the organization.
See Governance.
Board Manual
Manual containing information central to the operation of
the board and organization. Manual should include: Articles
of Incorporation, mission statement, bylaws, list of current
board members with business affiliations, list of committees
and their respective members, list of staff, brief history
of organization, roles and responsibilities of board members,
minutes of current fiscal year meetings, planning documents,
and annual report from most recent fiscal year. See Governance.
Bylaws
The document adopted by an organization to regulate its affairs;
formally referred to as the rules of operation. Bylaws should
include the following: Agency Mission, Membership Policy,
Meeting Information (attendance requirements, number that
constitutes quorum), Board of Directors (number of members,
responsibilities, election times, officers and their responsibilities,
length of terms), Committees and their Functions, Fiscal Year
Accounting Procedures, Indemnification, Bylaws Amendment Procedures,
and Dissolution of Organization.
Brainstorm
Creatively, extemporaneously producing ideas without pausing.
See SWOT.
.: Back to
Top :.
|
