The Motley Fool Discussion Boards

Previous Page

Personal Finances / Living Below Your Means


Subject:  Re: non-profit board member? Date:  11/3/2012  5:40 PM
Author:  Windowseat Number:  868546 of 902793

Does anyone have any experience of being on a board for a non-profit organization?

I was once on the board of a choral group, but they had been in operation for a number of years before I joined. A start-up, whether profit or non, is a different story.

In general we simply met once a month and went over any new business; where we would be singing next, whether the accompanist was meeting expectations (one accompanist quit exactly at the end of our spring concert, and when the person sitting nearest him told the director, we were privileged to hear a sentence I previously thought was a joke: He can't quit. He's fired) how much money was in the treasury, any upcoming fund-raisers, and so on.

Are any of the group lawyers? One thing you should check is to make sure you aren't going to be liable in the event of trouble. There should be something in the articles of incorporation regarding that.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us