Not-for-profit board structure: An overview

If you work for or with a not-for-profit entity (NFP), chances are you have been asked for advice on board governance. From an internal control standpoint, it is vital to establish a governance structure that provides the level of checks and balances appropriate for the organization’s purpose, size and complexity. Organizations that file an IRS Form 990, Return of Organization Exempt from Income Tax, are required to disclose activities related to board structure, including information related to the organization’s